Lisk (LSK): Exploring the Highly Accessible Blockchain for Developers

Last updated: Mar 30, 2023
4 Min Read
AI Generated Summary

You've snagged some bitcoins and ether, and now you're looking for other promising altcoins to pick up. To that end, Lisk (LSK) would be an interesting coin to look at; it's a project with major upside that could be a strong gainer in the years to come.

And while the future is inscrutable, to be sure, Lisk has several things going for it that could make the project a solid investment.

We'll break it down for you.

What is Lisk?

It's perhaps best to understand Lisk through the lens of Ethereum. The two blockchains aren't aren't tied together in a technical sense (Lisk isn't ERC-20; it has its own native blockchain), but they do attempt similar things.

That's because Ethereum is seemingly aiming to be the "Microsoft 2.0." It wants to build a revolutionary platform that the rest of the world can use to build decentralized apps (dapps) upon in the ongoing rise of the Internet of Money.

Well, Lisk is angling to do the same: it, too, wants to be a platform through which developers can build dapps limited only by their imaginations.

So what sets Lisk and Ethereum apart?

Lisk uses JavaScript

Ethereum relies on a new programming language called Solidity; it's a streamlined language based off of JavaScript, but its newness has made it so that very few developers in the global labor pool currently know it.

That means for the "Ethereum revolution" to happen, many more developers are going to have to learn Solidity.

This is where Lisk's great advantage comes in. Instead of relying on Solidity, Lisk relies on JavaScript.

Now, this isn't to say that Solidity or JavaScript are inherently better than one another. No. But it is an objective fact that JavaScript is now ubiquitous throughout the globe. It is an extremely common language that most developers are a) extremely competent with, or b) have a working knowledge of.

Lisk's perk, then? Most programmers, even amateurs that know some JavaScript, can come in immediately and start coding on Lisk. The same can't be said for Ethereum and Solidity, at least as the situation stands now.

In this sense, Lisk gets major points for mainstream accessibility. And it's not always the best or more advanced tech that wins out; accessibility can, and likely will be, a huge factor in the years ahead.

Analysis of recent price movement

It was just weeks ago that LSK was hovering in a price channel between $4 and $5 USD. Now, at press time, the cryptocurrency is settling just under $22.

LiskLSK is going on a run - Image via CoinMarketCap 

The project has been working through a re-branding, and the crypto market has been going on a parabolic bull run in general, both factors which have seemingly been boosting LSK on a wild ride as of late.

Will the price run continue for much longer? It's hard to say, but rising buy volume in the picture ahead is bullish, not bearish, at least in the short-term.

Worth an investment?

CoinBureau can't give financial advice, but in context it's clear that LSK is one of the most reputable of the top 50 cryptocurrencies and certainly the most practical of the so-called “Ethereum killers.”

Other projects like Cardano or EOS have more flash and buzz around them perhaps, but Lisk has a "keep it simple stupid" approach: they want to provide the capabilities Ethereum provides, just through JavaScript.

That's a mission that's achievable. And it's a mission that could send LSK soaring if mainstream adoption comes. Millions of developers could code through Lisk today, here and now.

That's a pretty powerful dynamic to have primed and ready to go.

Editorial Team

The Coin Bureau Editorial Team are your dedicated guides through the dynamic world of cryptocurrency. With a passion for educating the masses on blockchain technology and a commitment to unbiased, shill-free content, we unravel the complexities of the industry through in-depth research. We aim to empower the crypto community with the knowledge needed to navigate the crypto landscape successfully and safely, equipping our community with the knowledge and understanding they need to navigate this new digital frontier. 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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