Also known as LSK, LISK crypto was launched on May 24, 2016, and has been a stable coin in the field of cryptocurrencies. As LISK boasts a market cap of over 117 million coins since its launch, it is fair to say that the Company has worked very hard to attain its current position. LISK adheres to all the rules set and observes all the legal parameters. For instance, it is a distributed proof-of-stake coin and adheres to the stake hashing Algorithm.
Some of the main benefits that LSK have include:
1. LSK is on the rise
Recently, LSK trading has been up by 5.9%. In fact, in the last 24 hours, LSK has traded by up to 6.7% against the dollar. Judging by this, the LSK is steadily gaining momentum, and it is expected that it will continue to trade well against the dollar and BTC.
2. Uses a decentralized application platform
Decentralized application platform is one of the easiest ways for new investors to register with any form of cryptocurrency. Moreover, LSK uses a decentralized payment system. This means that users do not have to wait for an eternity before receiving your payments. LSK uses this tactic to get more users on board because nobody likes delayed payments.
3. Has Guaranteed Security
LSK uses a network that works efficiently throughout. Moreover, the platform is concerned about the security of its users. It has invested heavily in Delegated-Proof-of-Stake (DPoS) model of consensus. This is arguably one of the most secured models because the delegates are working overtime to ensure that every user’s security and safety is guaranteed.
Also, LISK has collaborated with Microsoft giving developers all over the world a chance to deploy and test LISK applications effectively through the Microsoft cloud program.
4. Has a favorable inflation rate
As compared to other cryptos, LSK has one of the most favorable inflation rates with one block trading for 5 LISK. However, the rate lowers by one every year, and at the end of about five years, the rate stabilizes to one to one.
With LSK trading up 5.9% this week and hitting a high of 6.7% in some of the days, it is clear that the crypto is on the rise and investing in it is not a bad idea. Remember the platform offers one of the best security models and has a favorable inflation rate. moreover, its market cap is also favorable basing on the latest cryptocurrencies researches.