LSK Coin: Where to Find and How to Buy Lisk 

The history of the cryptocurrency Lisk began back in 2014 together with the development of Crypti. Lisk is its fork, but with some differences. Firstly, its code was open-source from the very beginning, unlike Crypti. Also, the developers decided to make some technical changes. For example, the database was changed from SQLite to PostgreSQL, and the standard BIP39 was used for seed phrase generation.

How Does LSK Work?

The goal of Lisk is to provide a platform for building dApps. That is why high scalability is a crucial feature. The developers achieved this by building a system based on sidechains.

 

Sidechains are independent blockchains that operate outside the main network. However, all transactions and other information recorded in the sidechains are synched with the main network. The technology has very important advantages:

 

• Unlimited network scalability because you can create an unlimited number of sidechains, and they will not affect the performance of the main network in any way.
• If one or more sidechains get bugged, it won’t affect the main network.
• Each project (dApp) is created in a separate sidechain, so developers have lots of opportunities to customize apps.

 

Transactions are confirmed using the Delegated Proof-of-Stake (DPoS) model. Only 101 nodes can participate in this process, i.e. those candidates that received the most votes from the community. To participate in the voting as a delegate, you must pass a special registration, which costs 25 LSK. 

 

DPoS in the Lisk network operates on the principle of rounds. Each round lasts 17 minutes. Each of the 101 nodes in each round is assigned one block. If any node fails to close its block, processing of that block is moved to the next round. Blocks in the network are created at 10-second intervals. Skipping a block causes a 10-second delay in processing following transactions. 

Where Can You Get Lisk?

Lisk is a very popular cryptocurrency, so it was added by almost all reliable and verified exchanges, such as Bittrex, Godex, KuCoin, CoinEx. You can buy LSK mainly for BTC, ETH, USDT, and some other coins.

Bittrex

Bittrex exchange has been operating since 2015. It offers thousands of trading pairs. This is probably one of the safest crypto exchange platforms with security features being regularly improved. But it is difficult to remain anonymous there: the exchange requires verification and disclosure of personal information (full name, address).

Godex

The crypto exchange Godex.io stands out from the rest as you can make an anonymous exchange at the most favorable rates, selected automatically on the best exchanges. You can trade or buy Lisk coins without registration within 5-15 minutes. Godex crypto exchange services are regarded as one of the most reliable ones in 2022.

KuCoin

It was founded by a team of professionals who had experience in developing Ant Financial, iBOX PAY, and other serious projects in the industry. The exchange aims to provide traders with a secure way to trade cryptocurrencies using modern technology. The platform was launched in August 2017, followed by mobile applications for smartphones on Android and iOS.

CoinEx

CoinEx is a cryptocurrency exchange with a spot market and open-ended futures contracts. It was founded with the support of Bitmain — a manufacturer of mining equipment. It has been operating since 2017 and is part of the ViaBTC Group ecosystem. In addition to the exchange, the ecosystem includes the ViaBTC mining pool, ViaWallet cryptocurrency wallet, and CoinEx Smart Chain blockchain.

How to Buy LSK

Many crypto newcomers don`t know how to buy Lisk cryptocurrency in 2022. The asset is available at many P2P services and crypto exchanges on the Internet. You can get LSK coins online with digital currency using the most convenient local payment method, or you can convert LSK from other cryptocurrencies. The process is as easy as possible:

 

1. You find a crypto exchanger where you can buy Lisk.
2. Register (if needed).
3. Specify Lisk as a currency you want to buy and choose the currency you want to trade.
4. Receive Lisk coins in your wallet.

 

You can quickly and without great effort buy Lisk today. The whole process usually takes no more than 20 minutes.

More to Know About Lisk Coin

The maximum price of Lisk for the time of its existence was $39.31 (in January 2018), and the minimum — $0.09 (March 2017). At the moment, Lisk, like most other altcoins, is experiencing bad times — the price is $1.89 (February 2022). According to TradingBeasts, the maximum Lisk price is expected to be $2.7 in late 2022.