Lisk is a blockchain platform that allows developers to use its resources to build their own applications. The team behind the project designed it with a mission to make blockchain accessible to as many people as possible. The platform prides itself on its security measures and recently conducted an external audit that proved that its systems were impenetrable.
LSK is the exclusive token of the Lisk blockchain, which powers the whole ecosystem, acting as a means to pay transaction fees. Since LSK is a fairly popular token, anyone can buy it at large exchanges such as Binance, Kraken, and OKEx. LSK does not function solely within the Lisk ecosystem and there are also businesses that accept the coin.
LSK Payment Benefits:- Scarcity
Usually, it is: the fewer coins are in circulation, the higher their price. The Lisk developers understood this principle and built LSK as a disinflationary token. Thus, the reward of 5 LSK per new block has over the years decreased to only 1 LSK, the rate at which it will stay indefinitely. - Low Transaction Fee
Lisk blockchain also boasts an extremely affordable transaction fee of 0.1 LSK. In the future, the Lisk team plans to introduce dynamic fees, which will be even lower. - Secure Storage
Security is one of the key priorities for Lisk. To ensure that the users do not worry about their LSK being stolen, the platform designed wallets with firm protection.