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What is Lisk? Software development atop the blockchain

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Everything you need to know about Lisk, the innovative new platform for building blockchain applications.

By building a framework in the popular JavaScript language, the Lisk team plans to open the doors for thousands of developers to build new applications using blockchain technology.

Learn more Buy Lisk (LSK)

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Lisk?

Icon Symbol Initial release date Algorithm type Max. supply
>LSK 24 May, 2016 EdDSA, SHA-256 No max

In recent years, many companies, institutions, and organizations have started to explore the possibilities for incorporating blockchain technology. However, finding and funding developers capable of coding a custom blockchain infrastructure from scratch can be a significant challenge.

Lisk aims to provide that infrastructure. Instead of having to write the core blockchain code themselves, programmers will be assisted in developing custom, industry-specific applications that work on top of Lisk’s blockchain framework.

While it’s still under development, Lisk aims to be user-friendly and is geared towards mass adoption. Lisk launched its own digital token (LSK) in May, 2016 to help raise funds to finance the project. The Lisk token is also used to handle fees and transactions within the larger Lisk ecosystem.

How is it different from bitcoin?

Although there is a cryptocurrency associated with it, Lisk is primarily a software development platform. The Lisk token (LSK) is used to pay fees or make transactions within applications built on the broader Lisk framework. Bitcoin, on the other hand, was designed to be a stand-alone digital currency that is universally accessible.

Lisk vs. Ethereum

Like Ethereum, Lisk is a platform for creating decentralized applications. Unlike Ethereum, which requires most developers to learn the Solidity programming language, Lisk is built with JavaScript, which is a language that is already well-known and popular.

Sidechains in Lisk

Much of the current development surrounding blockchain technology involves a single blockchain or requires a custom, private blockchain solution. The goal is that applications built with Lisk can be deployed on their own “sidechain”, a flexible alternative that integrates with the main Lisk network’s blockchain infrastructure, while simultaneously giving developers complete control over their projects.

Where can I use LSK to pay

Lisk tokens (LSK) can be used to finance projects build on the Lisk platform. The team behind Lisk is working to create a framework that makes it easy to build entire applications using blockchain technology. In order to run the software inside these applications, users will need to pay fees with the Lisk token.

How to purchase Lisk

You can buy Lisk on most popular cryptocurrency exchanges, including Bittrex and Poloniex. Before you buy Lisk, you’ll want to be sure to download the Lisk wallet to hold your funds. In most cases, you can’t buy Lisk directly with fiat currency – you will need to use bitcoin.

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, ICX, BNB, ZRX, APPC & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
Bank transfer (ACH)
Cash
Credit card
Cryptocurrency
Wire transfer
AUD, USD, GBP, EUR, JPY, SGD, HKD & 40+ more
BTC, BCH, ETH, XRP, ETC, LTC, XLM, ADA, BTG, TRX, REP, BAT, DASH, DGB, DOGE, GNT, LSK, XMR, XEM, NEO, OMG, QTUM, SNT, STRAT, TRX, XVG, VTC, ZEC, ZRX
Buy and hold 28+ cryptocurrencies and more than 50 different fiat currencies in this all-in-one wallet and exchange app.
Cointree Cryptocurrency Exchange - Global
Cryptocurrency
-
BTC, ETH, BCH, EOS, MIOTA, ZRX, AE, AION, REP, DGD, ICX, IOST, OMG, PPT, SNT, TRX, VET, ZIL, ZEC, LSK, DCR, SC, STEEM, GNT, DGB, BAT, KMD, BTG, ADA, DASH, ETC, OIST, LTC, XMR, XEM, NEO, ONT, QTUM, XRP
Buy and trade 30+ cryptocurrencies with no deposit fees.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Huobi Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, HT, LTC, PAI, BCH, XRP, DASH, IOST, EOS, TRX, ETC, OCN, ONT, ELF, ABT, CMT, ELA, ZEC, XZC, OMG & 75+ more
Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, QTUM, ZCL, RDD, LTC, NEO, XRP, TRX, ZEC & 120+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
YoBit Cryptocurrency Exchange
AdvCash
Cryptocurrency
Payeer
Perfect Money
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, ABYSS, PAC, ZEC, XVG, EOS, ETC, RDD, TOKC, B2X, TTC & 400+ more
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
KuCoin Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, NUSD, LOC, ZEN & 50+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, BCN, BNT, BTG, CFI, CVC & 70+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Livecoin Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, DOGE, DTR, DGB, VOX, ESC, MONA & 140+ more
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.

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Can I make money with Lisk?

Although the Lisk platform is still under development, the Lisk token (LSK) has seen considerable growth since its initial release in 2016. Cryptocurrency markets are notoriously volatile, and the ultimate value of LSK will likely become clearer once more applications begin to use the Lisk framework. Those who see potential in the larger Lisk framework may choose to buy into the token with the assumption that it will increase in value as the project develops. However, cryptocurrencies are not reliable, and there is no guarantee you can make money with Lisk.

What to watch out for

As of September, 2017, the core Lisk platform and Lisk’s Software Development Kit (SDK) is still in the developmental stage. The community surrounding this new platform is growing rapidly, but only time will tell when it comes to how successful Lisk will be in terms of mainstream adoption.

While the Lisk platform has many unique features, there are other blockchain frameworks competing in this space. As more applications begin to implement the Lisk infrastructure, we’ll get a much clearer picture of what the future holds for this new technology.

What’s next for Lisk?

After releasing its first major application, the Lisk nano wallet in June 2017, the Lisk team is continuing to develop the project. Mid-late 2017 has seen Lisk put an emphasis on their marketing strategy, building their brand, and growing the community.

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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