What Is Lisk?

Lisk is a cryptocurrency aiming to serve as a platform for decentralized applications (dapps), special programs designed to run across a network of computers running shared software. The project’s goal is to allow developers to transfer skills more rapidly for the building of dapps, as it allows them to write programs using the Javascript and Typescript languages, both widely used in general web development. However, Lisk enables developers to create custom dapps and cryptocurrencies via what it calls “sidechains,” unique blockchains operating within the Lisk network. Because these blockchains are compatible with Lisk, developers can leverage resources like the project’s software development kit, coding libraries and its cryptocurrency, LSK. The cryptocurrency that powers the Lisk blockchain, LSK is needed to pay for the costs of key operations and for voting on proposed updates to the software’s rules.