Lisk is probably one of the youngest cryptocurrencies - its launch took place in 2016. Funds for the project launch were collected in the shortest possible time - in just a month and the campaign successfully managed to attract financial resources to the side of the new project. The amount collected on Lisk crowdfunding was no less than 6 million dollars. Only Ethereum cryptocurrency overtaken this figure which had collected 18 million at one time.
At the same time, it is difficult to name the creator of Lisk, as the team of developers, who previously participated in the Ethereum project, were working on the launch of the new project and decided to bring their own child into the world - Lisk.
Lisk cryptocurrency quickly managed to take its place in the market. First, because of using javascript in the development, which makes the platform more understandable for the user, and, second, because of the original price and profitability of extraction, which Lisk demonstrated successfully in the very first month after launch.
It is worth noting that the process of Lisk mining does not seem quite familiar to those who have already mined other cryptocurrencies. Lisk mining, or rather it will be rather saying Lisk “forging”, is possible for not all users, but only one hundred and one “delegate”. To become a delegate you need to register for a fee under the platform. There are active and reserve delegates and this “position” is an elective one, in other words, each user can choose his/her own delegate basing on personal preferences. Then the delegates create consoles and use them for mining, after which they distribute coins in accordance with the contribution of one or another user applying for a part of mining. However, it is quite possible that the system of mining in Lisk will be soon changed, since it is being criticized at the moment for the fact the creators are trying to establish a centralized platform for the coins emission.
Talking about the ups and downs of Lisk in the second year of its existence is not necessary, but so far the project has successfully started and holds its favorable position. Even if you do not take into account the usual heightened interest in the new cryptocurrency, created by numerous presentations, Lisk will show you impressive results of its rates growt. For the first six months the price of Lisk cryptocurrency jumped 3 times and began to cost approximately 18.5 cents. Then the course began to settle down gradually and returned to normal. At the moment, Lisk is advancing successfully in the price spectrum.
The possibility of a successful future can be made by developers - a team of professionals, many of whom have already tested their strength in the development of Ethereum.
Summarizing all the above we can conclude that the prospects of Lisk cryptocurrency (LSK) mainly depend on the success of Lisk platform. It should be understood that Lisk is not a classic digital currency using which you can make payment for goods and services. Therefore Lisk will not soon be accepted as a cryptocurrency for payment. A key success factor for Lisk is the acceptance of technology by developers, investors and various exchanges.
If you are familiar enough with cryptocurrency markets to control your investments, investing a certain amount of money in the LSK will be able to turn out to be potentially quite profitable.
Also, the Lisk company has entered into a partnership with Microsoft Azure, which indicates great potential, as developers from all around the world can participate in the development of the Lisk infrastructure now. In addition, since Lisk uses javascript as a programming language which is popular among technical giants such as Microsoft and Google, there is a considerable likelihood that the developer base on the network will increase and Lisk will have all the prerequisites and opportunities for growth.
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