The Lisk Protocol
Table of contents
What is Lisk?
By utilizing sidechain technology, Lisk’s SDK enables developers to build powerful and scalable blockchain applications, which include custom tokens. With special focus on usability and accessibility, Lisk aims to become the foremost platform for blockchain application development in the world.
Headquartered in Zug, Switzerland, Lisk raised over 14,000 Bitcoins during its ICO in Q1 2016.
The utility token used in the Lisk ecosystem is known as Lisk (LSK).
This token is used to pay the fees associated with sending transactions on the network. Each token also allows the holder to vote for delegates that secure the network within the Lisk DPoS (Delegated Proof of Stake) consensus protocol.
LSK tokens can be acquired through a number of ways, such as purchasing them from an exchange or from another individual using Fiat or Bitcoin (BTC).