Lisk

Lisk is a platform for building distributed applications developed by Max Kordek and Oliver Beddows. The crypto asset (LSK) used within the platform is also called Lisk.

Decentralized applications (dApps) are applications that can run without a central administrator such as a company or bank.

DApps allow all participants in the application to manage data in a distributed format and participate in decision-making such as specification changes.

The processing time for Lisk is about 10 seconds, which makes remittances very fast. There is no issuance cap set for Lisk, but the amount to be issued decreases every 3 million blocks.