Lisk (LSK) is the popular fork of a crypto project known as Crypti. The ambitious cofounder of Lisk, Max Koredk now leads the forked version with a vision to create a userfriendly blockchain for smart contracts and Dapp development.Lisk (LSK) came into existence in 2016, the same year Microsoft partnered up with the project for help with its Microsoft Azure Service. Lisk (LSK) recently lost its place in the top 20 league but we believe that is temporary as Lisk (LSK) is a coin with immense potential.
The basic purpose of Lisk (LSK) is to enable even non tech entrepreneurs to build their own decentralized application on top of the Lisk platform. The interface is extremely user-friendly and very easy to use. What separates Lisk (LSK) from competitors like Ethereum
(ETH) is that it uses sidechains. Presently we seem to not have much need for sidechains but as blockchain technology evolves and more and more Dapps are built on a blockchain, the chances of errors will increase.
The problem with single blockchain platforms like Ethereum (ETH) is that if a Dapp running of Etheruem (ETH
) blockchain runs into trouble due to poor coding or external attacks, it will compromise the whole blockchain and all the Dapps built on. This is a very serious concern when you consider that the likelihood of that happening is even more significant as Ethereum developers first have to learn Solidity language. Solidity being a new language may even have problems of its own and it may not even be the Dapp developers fault while the whole blockchain is compromised.
While the technology might be appealing, that is not all that makes Lisk (LSK) such a great investment. Lisk (LSK) is currently trading at the bottom of the channel on weekly logarithmic chart, LSK/USD. If Lisk (LSK) follows the same growth as it did in 2017, the price can reach a high of $377 before the end of 2018. This is a stunning 30x return on a relatively safe investment like Lisk. This also makes Lisk (LSK) the best risk/reward investment in the market right now with potential for astronomical gains. The thing with cryptocurrencies
like Lisk (LSK) is that the most gains are made in the shortest time frame, in the form of big long candles. It is hard to anticipate the catalyst of such a stunning rally but it will most likely be Lisk’s SDK launch which will truly change the game for a lot of cryptocurrencies in the smart contracts space as Lisk (LSK) regains its lost stature.