What is Lisk (LSK)?
Lisk is a blockchain platform that aims to assist in the creation of decentralized applications (dApps) using JavaScript, which is one of the most widely-used programming languages. It is an open-source platform that was launched in 2016 by Max Kordek and Oliver Beddows. Lisk's primary goal is to address the Blockchain Trilemma by allowing developers to create applications using a language they are already familiar with. Lisk's architecture is unique because it employs sidechains, which are individual blockchains that operate within the Lisk network. This feature enables developers to create custom dApps and cryptocurrencies. These sidechains are linked to the Lisk mainchain, which improves scalability, flexibility, and efficiency in dApp development.
How Lisk (LSK) Works
Lisk uses a Delegated Proof of Stake (DPoS) consensus mechanism, which involves electing 101 active delegates to validate transactions and forge blocks. This mechanism ensures decentralization and security within the network, with the cost of taking over the network being prohibitively high. Lisk has also incorporated Byzantine Fault Tolerance (BFT) into its consensus algorithm to guarantee block finalization and prevent reversions, ensuring that all nodes within the system can reach consensus on the chain state.
Developers can create scalable web3 applications using the Lisk SDK, which provides extensive customization and is compatible with the Lisk Protocol by default. Lisk's sidechain architecture allows each project to run on its separate blockchain, known as a sidechain, which is responsible for their blocks and transactions. This means that the entire ecosystem can scale appropriately without becoming strained, effectively addressing the blockchain trilemma.
Lisk's interoperability feature, which was showcased at the Lisk.js 2021 event, is a testament to the platform's commitment to advancing blockchain technology. It introduced a scalable and decentralized solution for the Lisk ecosystem, organized into eight roadmap objectives, each addressing a key aspect of the solution through Lisk Interoperability Proposals (LIPs). This feature allows for seamless communication between chains through a cross-chain messaging protocol and enables the creation of interoperable sidechains within the Lisk ecosystem.
How Many Lisk (LSK) Tokens Are in Circulation?
LSK's has a total supply of 144,818,773. The current circulating supply of LSK is 128,900,445.
How to Buy Lisk (LSK)
Consider investing in Lisk (LSK)? It only takes 2 minutes to create an account on Bitget and start trading LSK.
Check out the available LSK trading pairs on Bitget!
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Lisk (LSK) Resources
Simple 3-step guide to buying LSK today in Lesotho
Create your free Bitget account
Select a funding method
Complete your Lisk purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Lisk using a payment method of your choice:
Buy Lisk with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Lisk order.
How to buy crypto with credit/debit cardBuy Lisk with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Lisk is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Lisk order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Lisk order.Buy Lisk with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Lisk order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Lisk in your Bitget spot wallet
Bitget—where the world trades Lisk
How to buy Lisk for free
- Learn how to earn Lisk for free through the Learn2Earn promotion
- Earn free Lisk by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Lisk airdrops by joining On-going challenges and promotions
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FAQ
Can I buy $1 worth of Lisk?
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Landlocked Lesotho, often known as the Kingdom of Lesotho, is an exclave of South Africa. South African rand (R) and Lesotho loti (L) are the country's official currencies. The total population of Lesotho is 2,180,967 (2022). It takes less than 10 minutes to buy Lisk(LSK) and other cryptocurrencies in Lesotho using the Bitget peer-to-peer network and other methods of crypto deposit.
English and Southern Sotho are both official languages in Lesotho. Both the Bitget website and app are available in English.
Beautiful cities like Maseru, Teyateyaneng, Mafeteng, Hlotse, and many others can be found in Lesotho. The greatest cryptocurrency trading platform in Lesotho is Bitget exchange, no matter where you are.
The climate of Lesotho is typically categorized as temperate with alpine features. The nation has warm summers and rather chilly winters. Mostly as a result of the greater elevations, temperatures tend to be lower than in other nations at comparable latitudes. The landscape consists primarily of highland plateaus, hills, and mountains. The only country in the world that is entirely over 1,000 meters in altitude is Lesotho. The highest lowest point of any nation in the globe is located there, at 1,400 meters.
Every year on October 4, Lesotho marks the day the country gained independence from the British in 1966 by celebrating Independence Day. The Maluti Mountains, Gates of Paradise Pass, Royal Palace, Maletsunyane Falls, Semonkong, and Liphofung Caves are just a few of the stunning sights in Lesotho. In Lesotho, Bitget is the most popular cryptocurrency exchange.