Even as people continue to debate on the future of cryptocurrencies, there is one fact that no one disputes, and that’s the fact that smart contract platforms will completely change the world. They have an intrinsic value that many other cryptos don’t have. This explains why even during the recent crypto market drop, the price of Ethereum has remained fairly steady compared to the rest of the market. But despite its popularity by smart contract developers, Ethereum has some serious limitations, especially on the scalability front.The Lisk (LSK) team has capitalized on these limitations to build the next generation smart contracts platform.
It is a blockchain platform that allows developers to write smart contracts in Java Script. Through this platform, developers will be able to create their own sidechains using custom made tokens.
This is revolutionary, and will take Lisk (LSK) to the next level. Here’s why:
It has been known for some time now that Ethereum has some serious scalability problems, especially after the cryptoKitties ICO issue. Lisk doesn’t have to deal with such problems because, developers can write smart contacts on sidechains. This will eliminate a blow up in the system, no matter the demand or complexity of the smart contracts developed. The ability to create sidechains gives Lisk the potential to grow exponentially given that it offers something that Ethereum has been unable to provide, and that’s efficiency in scaling.
The speed of execution comes from the fact that the developers can develop their own sidechains using custom tokens. This eliminates the inefficiencies that come with having to utilize the same blockchain as is done with Ethereum. In essence, thousands of smart contracts can be developed and tested using the Lisk (LSK) platform without affecting the overall speed and efficiency of the entire ecosystem. On this basis, you can bet that the number of developers using Lisk to launch smart contracts will grow exponentially in coming days, and so will the value of this coin.
Security has always been a major issue with the Ethereum platform. Nevertheless, the platform has been able to significantly grow in value, to become the second most valuable cryptocurrency, by market cap. Now imagine for a moment the growth of a crypto platform that offers better functionality than Ethereum and is also more secure? That would be a jackpot for investors, right? Well, that’s what Lisk (LSK) is offering. By utilizing sidechains, it means that applications are independent of each other, hence minimizing the chances of the entire ecosystem being compromised by one application.This is guaranteed to give Lisk (LSK) widespread adoption by developers, and significantly push up its value in the long-run.
Clearly, Lisk (LSK) has everything going for it, in terms of technical capabilities. So where can you buy it? Lisk is listed on several of the major cryptocurrency exchanges including Bittrex. With the upcoming rebranding, this is probably a good time to buy this crypto before it shoots up in value, because it will.