What Is Lisk?
Anyone can develop a blockchain based application, social platform or payment processor, without making a blockchain from scratch. Using smart contracts that allow anyone to issue their own token and start their own cryptocurrency,.
Lisk is often pitted against Ethereum. Competing with Ethereum isn’t going to be easy, but Lisk does have some advantages. Scalability is a big one. Lisk uses a delegated proof of stake consensus algorithm that has a throughput of thousands of transactions a second. Ethereum are trying to transition of POS using Casper, but this development could be months maybe years away.
In a whiteboard presentation, Charles Hoskinson, explained why it is easier to make changes cryptocurrencies that are in development. He likens, developing Ethereum to removing the wheels of a moving car without slowing down. The miners are invested, the technology is secure, and there is an entire ecosystem of tokens built around the platform.
Lisk released their core 1.0 in February of 2018, and Ethereum has Casper running and working on a test net.