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What is Lisk

Lisk is a decentralised application platform and cryptocurrency. As a crypto-currency, it offers a decentralised payment system and digital money network, much like Bitcoin and other alternatives. 101 democratically elected delegates provide as security for the network’s highly effective Delegated-Proof-of-Stake (DPoS) consensus approach.

The most potent part of the Lisk blockchain is the decentralised application platform, which enables the development, distribution, and monetization of decentralised applications and private blockchains (sidechains). A stable block reward of 1 LISK per block is reached when the inflation rate, which is 5 LISK per block, is reduced by one every year.

Developers from all around the world can now create, test, and deploy Lisk blockchain apps using Microsoft’s Azure cloud computing platform and infrastructure thanks to a partnership between Lisk and Microsoft to incorporate Lisk into its Azure Blockchain as a Service (BaaS) programme.

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