|Circulating Supply||129,133,975 LSK|
|Max Supply||0 LSK|
If you are looking for an exiting cryptocurrency to invest in, you might just have heard about or considered Lisk. This is a decentralized network that has its own blockchain and offers something a little different to many of its competitors out there such as Bitcoin and Ethereum.
More on that a little later though, as first we will take you through how Lisk is performing on the cryptocurrency exchanges.
Lisk currently has a market cap of close to $2.7 billion, a coin supply of around 118 million and regularly has a trading volume of around $75 million in a 24 hour period. As of today, an LSK coin is valued at $22.73 and is one that many believe will greatly increase in value in 2018.
If you are interested in learning more about what Lisk can offer, carry on reading this review and you will get to know everything that you need.
What is The Lisk Coin (LSK)?
Lisk is a decentralized blockchain application platform that is often compared to Ethereum due to its similarities. Its sole aim is to be able to provide developers with the ability to create their apps by developing their own side-chains that can be used on the Lisk blockchain.
LSK is the ticker cryptocurrency of Lisk and can be used for transactions or for investment in the platform.
Lisk itself actually started out as a fork for Crypt and was first an ICO which brought in around $6 million during the early part of 2016. Since then, Lisk has risen greatly in value and can be proud of the fact that it is a regular inside the top twenty cryptocurrencies by market cap.
Whats Special About Lisk (LSK)
Of the biggest benefits of Lisk is that it is more than just a cryptocurrency like Bitcoin and many others are, it is both a cryptocurrency and DApp development platform. Aimed primarily at app developers that can make use of their innovative platform, Lisk is a project that we feel can really capture the imagination of traders.
There are also other unique positives to Lisk and these are:
- Uses SDK Framework – Developers can make use of the SDK on the Lisk network to create decentralized apps quickly and efficiently. They can also test these apps in a sandbox environment.
- Sidechain Technology – One exciting aspect of Lisk is that users can create their own side-chain on the Lisk blockchain. Among the benefits of doing this is to be able to send and receive private transactions.
- Fast Transactions – All transactions on the Lisk blockchain network are validated dPOS and they can be completed as quickly as just 10 seconds on average.
Those are just some of the advantages of Lisk but there are plenty more too. Additionally, we are sure that Lisk will announce a number of updates this year which will further improve their project and cryptocurrency.
Where to Buy Lisk (LSK)
Lisk had an excellent year last year and are one of the fastest growing cryptocurrencies on the market. They now have a market cap that easily puts them in the top 20 and this is why you should be able to find a number of reputable cryptocurrency exchanges to trade them on. There will be others too that you should be able to find quite easily using your web browser and a good search engine.
Below are just five exchanges that we know of that will support the trading of LSK:
Binance is an excellent exchange as it has a very big range of coins that you can trade. All deposits will have to be made via cryptocurrencies though as fiat currencies are not allowed to be deposited or used here.
Gate.io also has a very good selection when it comes to the cryptocurrencies that can be exchanged. This place already has a good reputation despite only launching in 2017 and it is growing in users daily.
Jubi is a China-based exchange that has sixteen different cryptocurrencies you can trade with. This exchange has been around since 2014, so has built up a good reputation in that time.
If you need to use a credit card to get funds on a cryptocurrency exchange to purchase your LSK, Chagelly is a good option to consider. It allows the use of USD and EUR fiat currencies as well as dozens of cryptocurrencies.
Based in the UK, this crypto-to-crypto exchange has almost 40 different cryptocurrencies that you can buy and sell. Credit cards are not accepted but you can use other payment methods to get EUR into your exchange account.
Investing in Lisk (LSK)
Lisk is a cryptocurrency that has already done fantastically well to get where it is today and we are certain that a lot of this is down to many people believing in their project and their vision of what it can become.
Depending on what Lisk has planned for this year, we really think that this cryptocurrency can flourish as it really does seem to have a few different and unique ideas compared to even some of the leading cryptocurrencies.
Lisk, like any other cryptocurrency, will suffer some pretty wild swings on the exchanges which will play into the hands of the day traders that love nothing more than making their money out of such swings. However, we feel that Lisk is one of a few cryptocurrencies that might be worth investing in for the long term.
Do I Need a Lisk Wallet?
You should definitely consider using a wallet for any cryptocurrency that you use. This is simply because just a few weeks ago there was yet another hacking that took place on a cryptocurrency exchange where an estimated $530 million in cryptocurrencies was stolen.
That is the latest in a long line of hackings at exchanges and this is why you should not leave any or much of your cryptocurrencies in their wallets. Many do have good security features in place but hackers can be very smart people so it is best to take your own precautions.
This is digital currency do not forget, so it is not something you ever store completely securely. Using a hard wallet would be the closest thing to actually having your currencies in your hand but at the moment these wallets only store the major crypto coins on the exchanges.
There are usually a number of wallets to choose from when it comes to storing your cryptocurrencies but in the case, of LSK, you have the one option.
Lisk Nano Wallet
The Lisk Nano Wallet is the official wallet of the Lisk cryptocurrency and was created by the dev team behind the coin. It can be downloaded from their website and can be used on Windows, Linux and Mac OS powered computers.
This wallet will allow you to keep your Lisk currency well away from the exchanges and more importantly, from the hands of the hackers out there.
Pros & Cons
Lisk certainly has a lot going for it and could just be the right investment for all you traders out there. Could it eventually challenge the big cryptocurrencies one day? If they keep their heads down to improve what is already a good cryptocurrency and decentralized blockchain development platform, you never know.
Below are the pros and cons for Lisk:
- Lisk was the first cryptocurrency to introduce and use sidechains
- User-Friendly Interface
- Specifically aimed at app developers
- Extended block time can increase transaction times
- Fees are quite high compared to other cryptocurrencies