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Conceptual Model

Lisk is a decentralized network such as Bitcoin, Nxt, or BitShares. It doesn’t utilize Proof of Work like Bitcoin, or Proof of Stake like Nxt. Lisk uses a simplified implementation of BitShares’ original consensus algorithm called Delegated Proof of Stake. That means every LSK holder can vote for mainchain delegates which are securing the network. There are only a maximum of 101 active mainchain delegates which always got the most votes on the whole network, and only they can earn block generation rewards, that means there is a financial incentive to become an active delegate. Every other delegate is on standby awaiting to become elected, or alternatively, securing a Lisk sidechain.

Project Description

Lisk is a crypto-currency and decentralized application platform. As a crypto-currency, much like Bitcoin and other alternatives, it provides a decentralized payment system and digital money network. The network itself, operates using a highly efficient Delegated-Proof-of-Stake (DPoS) consensus model, that is secured by 101 democratically elected delegates. The Lisk decentralized application platform, it's most powerful component, allows the deployment, distribution and monetisation of decentralized applications and custom blockchains (sidechains) onto the Lisk blockchain. The inflation rate is 5 LISK per block, which gets lowered by 1 every year until it reaches a stable block reward of 1 LISK per block. Lisk partnered with Microsoft to integrate Lisk into its Azure Blockchain as a Service (BaaS) program — meaning developers worldwide can develop, test, and deploy Lisk blockchain applications using Microsoft's Azure cloud computing platform and infrastructure.  RoadmapTeam:Max Kordek: President, Founder. (Twitter, LinkedIn);Oliver Beddows: Vice-President, Founder. (Twitter, LinkedIn);Guido Schmitz-Krummacher: Legal & Financials. (LinkedIn);Lisk's ICO collected approximately 14,009 BTC and 80,742,575 XCR. Which placed the Lisk ICO as the second most successful crypto-currency crowd-fund at the time. There were 3908 unique participants with an average investment of 3.96BTC. The bonus structure was as follows:Bonus Structure:First week: 15% bonusSecond week: 10% bonusThird week: 5% bonusFourth week: 0% bonus85% of tokens went to ICO investors, 8% to the LISK core team, 4% for LISK campaigns and bounties, 2% for advisors, partners and 3rd parties, 1% for early supporters.Token Reserve Split (15%):08% Lisk core team;04% Lisk campaigns and bounties;02% Advisors, partners and 3rd parties;01% Early supporters;Lisk ICO campaign featured bonus, bounties and escrow. BTC raised was sent to a 2-of-3 multi-signature Coinbase vault. That means the money can only be withdrawn if two of the three signees agree. The token is not minable.

Founders and Associates

Max Kordek -CEO and Founder

Oliver Beddows -CTO & Founder

Isabella Dell -System Architect

Ricardo Ferro -Tools Developer

Joel Fernández -Community Manager

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LSK Latest Updates
July 17, 2018

Future in Focus: SONM

Disclaimer: The Lisk Foundation in no way endorses projects that are interviewed for the series. SONM is a decentralized fog computing platform that allows users to connect their personal devices to one virtual space, creating a decentralized marketplace where consumers and suppliers can rent...

From: Lisk

July 05, 2018

Development Update — Road to Core 1.0

Hello Lisk Community!It’s been over a week since we released Lisk Core 1.0.0 to Testnet! Almost all participating delegates are active and forging without any issues as we move steadily towards the release of Core 1.0.0 to Mainnet. However, there are still a few very important steps we need to...

From: Lisk

Development Update — Road to Core 1.0 Mainnet

Hello Lisk Community!It’s been over a week since we released Lisk Core 1.0.0 to Testnet! Almost all participating delegates are active and forging without any issues as we move steadily towards the release of Core 1.0.0 to Mainnet. However, there are still a few very important steps we need to...

From: Lisk

July 04, 2018

Lisk Hub 0.10.0 — Delegate Search and Follow Accounts

It is our pleasure to announce the release of Lisk Hub 0.10.0 which brings about the following changes:Removal of the Explorer menu itemDelegate search functionalityAbility to follow accountsRemoval of the Explorer menu itemPreviously, Lisk Hub featured an Explorer menu item that directed...

From: Lisk

July 02, 2018

Lisk Community Update — June 2018

June was full of productivity both on and off the ground for Lisk. Several team members traveled to important conferences — JSConf EU 2018, Tech Open Air 2018, Blockchain Expo Europe and Distribute 2018 — to spread the word of Lisk and make real connections. Back at the office, team...

From: Lisk

June 28, 2018

Lisk Core 1.0 Testnet Release

Hello Lisk Community!We’re incredibly excited to announce that the migration to Lisk Core version 1.0.0 on our Testnet network was smooth and successful! If you missed the block height of Testnet migration (5,594,490), please upgrade your nodes manually as soon as possible by starting the...

From: Lisk

June 27, 2018

Tech Open Air 2018 Recap

Last week, Berlin hosted one of Europe’s largest technology conferences with over 20,000 attendees — Tech Open Air 2018. For the first time ever, this year’s conference placed a major focus on blockchain with a dedicated day and stage to the technology. At Tech Open Air 2017, there was...

From: Lisk

June 25, 2018

Introducing the Lisk Documentation and Migration Guide

The Lisk team has been working diligently on our biggest accomplishment to date — Lisk Core 1.0. We’re nearly at the finish line. However, ahead of the release of Lisk Core 1.0 to testnet on Thursday, June 28, we’d like to share the updated Lisk Documentation and Migration Guide to...

From: Lisk

June 22, 2018

Lisk Core 1.0 Testnet Announcement

Hello Lisk Community,As expected, we have continued to make strong progress with beta testing Lisk Core 1.0.0. Over the last week, we were mainly focused on testing and documentation. We also finished the last QA round for Core 1.0.0, which focused specifically on checking the migration process...

From: Lisk

June 20, 2018

Lisk Hub 0.9.0 — Updated Main Menu, Transaction Detail Page Tweaks and More

We are happy to announce the release of Lisk Hub 0.9.0, our desktop application for Windows, MacOS, and Linux. This version brings the following improvements:View of votes from non-delegate accountsUpdated main menuTransaction detail page tweaksOther UI and UX tweaksViewing votes from...

From: Lisk

June 18, 2018

Future in Focus: Sapiens Project

Disclaimer: The Lisk Foundation in no way endorses projects that are interviewed for the series.This week, the Future in Focus series is getting an inside look into how blockchain technology can revolutionize current certification systems. We’re featuring Italy-based Sapiens Project, a...

From: Lisk

June 12, 2018

The beginning of a new User Interfaces Journey at Lisk

With our organization constantly expanding, Oliver and myself have decided to formally divide our areas of responsibility over the entire team. We have done so in order to focus more clearly on departments that require our expertise, in order to ensure Lisk’s ongoing development. As of today,...

From: Max Kordek

June 11, 2018

JSConf EU 2018 Recap and Call to All JavaScript Developers

JSConf EU 2018 RecapLightcurve, the consultancy behind Lisk, recently attended and sponsored major JavaScript conference JSConf EU 2018 in Berlin. Major companies, startups and influential figures were present, including giants like Google, Facebook and Microsoft.With six team members in...

From: Lisk

June 06, 2018

Lisk Hub 0.8.0 — New Settings Page and Sign Message

It is our pleasure to announce the new and improved version of our Lisk desktop app — Lisk Hub 0.8.0. This release includes the following enhancements:New settings pageSign message via launch protocolNew settings pageRegarding settings, I believe that we need to limit complexity and...

From: Lisk

June 05, 2018

Further Details Regarding June 2 Network Interruption

Recent blocks added to the Lisk blockchain.On Saturday, June 2, the Lisk network experienced a temporary halt. Despite the fact that the issue was identified and resolved within several hours, we believe the situation warrants a more thorough explanation of precisely what happened to the...

From: Lisk

June 01, 2018

A Conversation With Lisk Marketing Manager Michael Borowiec

A strong marketing team is the backbone of any successful project. Lisk’s marketing team is full of passionate and driven individuals who work hard every single day to spread the word of Lisk and its potential to change the world. One of those individuals is Marketing Manager Michael. At Lisk,...

From: Lisk

Lisk Community Update — May 2018

May was a very busy and productive month at Lisk. It was definitely our most active month in terms of conference attendance — in all, team members attended six conferences all over the world — Chainges in Amsterdam, WeAreDevelopers in Vienna, Consensus 2018 and Token Summit in New...

From: Lisk

May 25, 2018

New York City Blockchain Week Recap

Last week, thousands of people flocked to New York City to participate in Blockchain Week — seven days jam-packed with conferences, events and meetups, with many historical moments for the whole industry. Blockchain companies as well as representatives from transnational giants congregated...

From: Lisk

May 23, 2018

Lisk Hub 0.7.0 — Detailed Delegate Page and Request LSK Feature

It’s our pleasure to announce the new and improved version of our Lisk desktop app — Lisk Hub 0.7.0. For this release, we included the following development enhancements:Delegate details pageRequest LSK featureDelegate Details PageWith the goal of making the delegate experience...

From: Lisk

May 17, 2018

Development Update — Lisk Core 1.0 Beta Testing

Hello Lisk Community!In an ongoing effort to update you on our development progress, we’ve written a comprehensive blog post to address the status of Lisk Core 1.0 and Beta Testing.With this blog post and other development-related posts, we aim to deliver in-depth updates in a way that you...

From: Jan C. Liz-Fonts

May 09, 2018

Lisk Hub 0.6.0 — Improved transaction details, Amount in EUR/USD, and more

We are happy to announce the release of Lisk Hub 0.6.0. This release of our desktop app brings the following changes:Improved transaction detail pageSee amount value in EUR/USD when sending LSKVote launch protocol landing pageOther small tweaksImproved transaction detail pageWe made some...

From: Lisk

May 07, 2018

Lisk Community Member Spotlight: Hendrik aka Slamper

Lisk Community Member SlamperThis week, we’d like to spotlight an incredibly supportive and productive community member. Among his many contributions, Hendrik aka Slamper recently created a site to aggregate a wide range of data and statistics on the Lisk network, and is working on a Golang...

From: Lisk

May 03, 2018

Lisk Community Update — April 2018

Hello everyone!As always, April was a very busy month on all fronts — development, marketing and operations. To complement this blog post, we’ve included the Lisk Vlog #2, which provides a visual recap of all the happenings at LiskHQ...

From: Lisk

April 30, 2018

Upcoming Conferences + Lisk Meetups

Mat, Michael, Jacob and Thomas at the Lisk London Meetup in April.The Lightcurve team is hard at work spreading the word of Lisk. As a slew of blockchain and cryptocurrency conferences around the world quickly approaches, we wanted to provide a breakdown of the ones where the Lightcurve team is...

From: Lisk

April 27, 2018

Lisk Explorer 1.6.0 — New UI, new UX

We are happy to announce the latest version of Explorer: Lisk Explorer 1.6.0. This release brings about the new UI theme that matches the new Lisk.io design that was first introduced at our Relaunch event in February. Also included are several stability patches, and most importantly, improved UX...

From: Lisk

April 26, 2018

Lisk Hub Security Update

Desktop version of Lisk Hub.At Lisk, we are proud of the fact that our product development has a strong focus on security. We work hard every single day to ensure that you can interact with our network in the most secure way.Lisk is constantly expanding as more users want to hold our utility...

From: Lisk

April 25, 2018

Lisk Hub 0.5.0 — Delegate registration and more

We are happy to announce the release of Lisk Hub 0.5.0. This release of our web and desktop app brings the following changes:Delegate registrationNew version release notes in the desktop appSimplified URL schemeDelegate registrationDelegates are very important stakeholders in the Lisk network,...

From: Lisk

April 20, 2018

Future in Focus: ADAMANT Messenger

Disclaimer: The Lisk Foundation in no way endorses projects that are interviewed for the series.This week, the Future in Focus series takes a peek into the future of messenger services. We’re featuring Russia-based ADAMANT Messenger, a blockchain-based messenger with an integrated payment...

From: Lisk

April 18, 2018

Lisk North America Tour 2018 Recap

With a mission to expand Lisk’s global presence, we announced that we would be embarking on a Lisk North America tour in early spring. With the completion of the tour, I’m excited to share all of the details with you! This blog post will detail the cities I visited, the events, as well as...

From: Jan C. Liz-Fonts

April 11, 2018

Lisk Hub 0.4.0 — Tutorial, Second Passphrase Registration and more

We are excited to announce release of Lisk Hub 0.4.0. This is another regular bi-weekly update with improvements to our web and desktop app. The main new features are:Onboarding process with a tutorialSecond passphrase registrationLaunch protocol in the desktop versionOnboarding processLisk...

From: Lisk

April 10, 2018

Lisk Community Update — March 2018

Hello Lisk Community!At Lisk, we wholeheartedly believe in transparency; and we also believe in inclusion. That is why in addition to our monthly Community Update blog posts recapping the month prior, we’ve decided to bring you the...

From: Lisk

April 09, 2018

Lisk Core 1.0.0 — Open Beta Released, Intensified Testing & Reddit AMA Announcement

At Lisk, we put the quality of our products above all else. Given the ongoing excitement in our dedicated community, as well as the broader blockchain industry concerning this upcoming release, we are thrilled to announce that we have released the initial Lisk Core 1.0.0 Beta for testing, as...

From: Lisk

April 04, 2018

Lisk Community Member Spotlight: Aleksey aka Alepop

Lisk Community Member Aleksey aka AlepopOne of our greatest assets is the strong community behind us. Our community members continue to support and contribute to the project every single day. To show our gratitude (and because we find them interesting), we’ve decided to shed a bit more light...

From: Lisk

March 28, 2018

Lisk Hub 0.3.0 — Account Initialization, Lock ID and more

We are happy to announce the release of Lisk Hub 0.3.0. This minor update brings to you a variety of new features, including account initialization, lock ID, copy address, home button, and a brand new new desktop icon.Account InitializationAs described in one of our previous blog posts, every...

From: Lisk

March 23, 2018

A Conversation With Lisk Cryptographer Iker Alustiza

Lisk Cryptographer Iker AlustizaWhen Iker joined Lisk as a Cryptographer in December, he became the first member of the soon-to-expand Science Team. He contributes to Lisk everyday by analyzing every issue and scenario from a theoretical point of view. We had a chance to sit down and chat about...

From: Lisk

March 19, 2018

Blockchain Buzz: Healthcare

Solutions to the Healthcare Industry’s Woes Lie in Blockchain TechnologyBlockchain Buzz is debuting on the Lisk Blog this week. This series will highlight and investigate different industries that are making real moves towards the adoption of blockchain technology. The first article of the...

From: Lisk

March 15, 2018

Lisk Hub Release Update

Lisk HubAs part of the Lisk Relaunch, we introduced a new addition to the portfolio of Lisk products. Made for everyone, Lisk Hub is a desktop and web app for interacting with the Lisk network.The purpose of this blog post is to summarize the current state and future plans for Lisk Hub.Lisk...

From: Lisk

March 14, 2018

Meet the Lisk Academy

The Lisk Academy, a comprehensive, unbiased and entirely free educational platform solely dedicated to the subject of blockchain technology debuted last month at the Lisk Relaunch event.Lisk will be the platform that enables the everyday adoption of blockchain technology. However, the roots of...

From: Jacob Kowalewski

March 09, 2018

Future in Focus: Madana

Disclaimer: The Lisk Foundation in no way endorses projects that are interviewed for the series.We are excited to present to you the first of our Future in Focus series, a new initiative from Lisk HQ spotlighting promising blockchain projects around the world with up close and personal...

From: Lisk

March 08, 2018

Lisk Community Update — February 2018

February at Lisk HQ was busy, productive and full of progress! The majority of the month was dedicated to preparing and ensuring a hugely successful Relaunch Event. However, we were able to make strides in each department.The Community Update for February will cover the following:Relaunch...

From: Mat Piaggi

March 02, 2018

Introducing Lisk Template

Bootstrap script for Lisk Template.Lisk is an open source blockchain project. Whenever you’re working on blockchain technology, security is always a priority. And when your project is open source, you want to make it as easy as possible for your developers — whether in-house or part of...

From: Will Clark

February 28, 2018

Lisk Integrates Intercom for Improved Customer Support

Here at Lisk, we believe community is everything. From the early days of Lisk, founders Oliver Beddows and Max Kordek established the project with the community in mind, and instilled customer-centric principles that guide the team to this day. To further improve the quality of user experience,...

From: Lisk

February 22, 2018

Recap + Analysis: Lisk Relaunch Night

Tuesday’s Relaunch Event at WECC in Berlin.This week marks the beginning of the new and improved Lisk. We’re beyond excited to enter this new phase, armed with a strong team, a supportive community, and a beautiful...

From: Lisk

February 12, 2018

Lisk Community Update — January 2018

January has been an incredibly productive month for every department at Lisk HQ and we’re excited to update you all on our progress. We have been generating strong momentum with new additions to the team, plans for marketing campaigns and strong development output. As the Relaunch Event on...

From: Mat Piaggi

February 09, 2018

The Lisk Relaunch

The large hall at Westhafen Event & Convention Center.The evening of February 20 is quickly approaching and our team can hardly wait. We are working very hard — days, nights and weekends — to give you the best possible experience on the night of our relaunch.A great deal of time...

From: Lisk

January 26, 2018

The Lisk Community Survey Results Are In!

Earlier this month, Lisk Community Manager Mat distributed a comprehensive survey to our community members in an effort to get better insight into their behaviors, attitudes and values. We plan to use this information to better address the needs of our community. We received an overwhelming...

From: Lisk

January 18, 2018

A Conversation With Lisk Backend Developer and SocketCluster Founder Jon Gros-Dubois

Lisk Backend Developer JonJon joined Lisk as a Backend Developer last month. He is also the founder of SocketCluster, a software framework designed to simplify development of highly scalable systems, which can send and receive data in real-time betweens users and machines. We had a chance to sit...

From: Lisk

January 12, 2018

Meet Lisk’s Freshest Faces

Lothar, Eve, Iker and ManuLast year was spent sowing the seeds for major developments and changes that 2018 will bring to Lisk. We invested a great deal of time in our diligent search for top talent to add to the Lisk team. And we’re thrilled to say that we found some great people. Please...

From: Lisk

January 03, 2018

Lisk Community Update — December 2017

2017 was an incredibly exciting year for Lisk HQ. We celebrated many milestones and tackled all challenges head-on. Our team has expanded, our technology has matured with a variety of new releases, while our vibrant community has continued to attract tens of thousands of new members. As 2018...

From: Lisk

December 21, 2017

Lisk’s Holiday Security Reminder

Here at Lisk, we take security of our users and of the whole network very seriously. With the recent increase in the LSK token price and greater exposure for our project, it is more important than ever for our community members to stay educated about best security practices within the blockchain...

From: Lisk

December 20, 2017

Lisk.Chat — New Channels, Meet the Moderators, and Updated Code of Conduct

With almost 10,000 community members now on Lisk.Chat, we wanted to make some improvements as we power into 2018. The objective of the Lisk.Chat platform has always been to help drive and facilitate Lisk-focused communication. The platform has been crafted by the community, for the...

From: Lisk

December 18, 2017

The Blockchainers + Max Kordek: Interview Transcript

Behind the scenes: The Blockchainers interview Lisk co-founder Max in Seoul.While touring through Asia in September, Max had the chance to do an in-person interview in Seoul with See Eun and Younghoon of The Blockchainers, who host their own blockchain technology-focused channel on YouTube....

From: Lisk

December 13, 2017

Lisky 0.3.0 — Account and Transaction Creation, File Input, More Colors, and Helper Functions

Tobias and I are excited to share with you the release of Lisky 0.3.0. We are still in the early stages of development with our dedicated command line tool, but this release already adds several new features including account creation, transaction creation, file input, more colors, and helper...

From: Will Clark

December 05, 2017

Lisk Community Update — November 2017

The abundance of news each week at Lisk led us to not only launch a bi-weekly newsletter, The Lisk Insider, but also bring back community updates starting with a monthly recurring blog post. It is our intention to ultimately bring you weekly updates here.Members of the Marketing Team at...

From: Lisk

November 28, 2017

Farewell to Isabella Dell

Last week Isabella Dell, one of the earliest contributors to Lisk, left our team. The purpose of this blog post is to show our gratitude and say goodbye. Isabella joined the Lisk project in 2016 as a community member and quickly became a strong supporter for us. While still based in the USA, she...

From: lightcurve GmbH

November 27, 2017

Lisk Nano 1.3.0 — Saved Accounts, Message Encryption and New Version Notification.

We are pleased to announce the release of our latest desktop client Lisk Nano 1.3.0. This release brings numerous tweaks, bug fixes, and new features including:Saved accountsMessage encryption and decryptionNew version notificationSaved AccountsIf you have two or more accounts, we now provide...

From: Lisk

November 24, 2017

Lisk Relaunch

Several members of the Lisk team pose with Lisk community members.Since our founding in 2016, Max, Oliver, and the entire Lisk team have been dedicated to developing a leading blockchain application platform. Our relaunch marks a significant step in this evolution, and we are determined to...

From: Lisk

November 14, 2017

Lisk Explorer 1.4.0 — Enhanced UX/UI, Improved Performance, Bug Fixes, and Website Analytics

We’re happy to announce the release of Lisk Explorer 1.4.0 after the recent patches of 1.3.1 and 1.3.2. In the last two patch releases, we’ve introduced multiple enhancements in our client-side AngularJS based application and on our server side Node.js application. With the introduction of...

From: Lisk

November 07, 2017

BDD-Style Unit Testing with Mocha

I’m the project lead on Lisky, the command-line interface we’re building for developers to interact with Lisk nodes and perform other Lisk-related functions via the command line. We’ve recently adopted a BDD-style approach to unit tests in Lisky (from v0.3.0 onwards), and this blog post is...

From: Will Clark

November 02, 2017

Announcing Updated Ambassador Program and Local Meetup Initiative

We have been receiving a lot of interest from community members around the world wanting to host Lisk Meetups locally. The community has become increasingly active over the last few months. We’ve also seen more community members take initiative and host Lisk-focused meetups in the US, Europe,...

From: Lisk

October 26, 2017

Lisk Welcomes Four New Team Members

Reporting on our recent team additions, providing a brief October recap and posting an updated list of open positions.Lisk Welcomes Four New Hires — Yashar, Gina, Juan and NazarThe end of the year is quickly approaching and we are in full-power mode. We assured you that we wouldn’t take...

From: Lisk

October 24, 2017

Lisk Nano 1.2.1 — Improved Core Functionality and User Experience

We are excited to announce the latest version of our desktop client Lisk Nano 1.2.1. This release brings you several long-awaited features:Support for multiple languagesSeamless sharing of delegate lists for votingSave account details in the appImproved passphrase validation messagesSummary...

From: Lisk

October 13, 2017

Lisk Asia Tour 2017 Recap

Disclaimer: We met with more than a dozen Blockchain projects and exchanges during our Asia tour. At Lisk, we believe in transparency but due to the nature of the conversations we had, as well as specific requests not to, we cannot divulge many details about these meetings.After returning from...

From: Thomas Schouten

October 09, 2017

Lisk collaborates with Expand Online to pioneer the industry

The award-winning digital marketing agency will advise and expedite the implementation of various online marketing activities.What is Expand Online?Expand Online is a full service digital marketing agency and part of DEPT, an international network of leading digital agencies across Europe and...

From: Lisk