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lisk_smartcontract1's Introduction

Lisk Smart Contract test app

What is Lisk?

Properties:

  1. JavaScript contracts
  2. Runs on a Node.JS + Postgres
  3. Uses DPoS consensus algorithm (see Bitshares)
  4. Allows to create "custom blockchains" on top
  5. Sidechains
  6. Supported by Microsoft

Every blockchain based crypto-currency to date, uses a consensus algorithm in order to determine who will generate the next block (and receive the reward).

Proof of Delegates is the consensus algorithm used by Lisk. It combines elements taken from the Proof of Work (PoW), Proof of Stake (PoS), and Delegated Proof of Stake (DPoS) consensus algorithms.

Vitalik Buterin, founder of Ethereum, calls our type of blockchain a consortium blockchain.

101 top active delegates actually forge blocks (votes) 102-... all other do no voting

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