With Lisk’s Sidechain Development Kit, featuring an array of free, open source tools written in JS, it becomes easy to build your own blockchain. The LSK cryptocurrency currently resides on the Lisk mainchain which will be the hub for all future sidechains. This is where you will be able to register your sidechain, and even run your own ICO when the platform goes live.
Your sidechain can be thought of as your own personal blockchain, and can be easily constructed and customized with the Lisk JS tools. This is where all the data of your dApp (decentralized application) will be housed. As your project evolves, your dapp will scale smoothly in tandem. Your application will be the interface that will allow people to gain access to the features of your custom sidechain.
The LSK token is used to pay various fees that generate transactions and allow users access to the system. LSK is one of the most popular tokens in the cryptocurrency space and is consistently to be found among the top 25 coins.
The Lisk mainchain is meant to be stable and secure while nearly infinite flexibility is available through the integration of sidechains, which offer a way to process a large volume of transactions without creating a bottleneck on the main blockchain.
Ethereum allows developers to build smart contracts, whereas Lisk lets devs build apps and add functionality, such as a front-end user interface, via the Lisk App SDK. Lisk allows developers to build complete blockchain applications through one convenient package.
Lisk will grow in value based on several unique features; it is its own blockchain and continues to develop under a strong team; also, since the LSK digital currency fuels the network, developers need it in order to build on the Lisk network; said to be the first ever modular cryptocurrency, dApps are designed to run in their own sidechain on top of the robust and agile Lisk "mainchain".
To purchase Lisk, you must either own an account on a fiat-to-crypto exchange (Such as Coinbase), or purchase directly through Changelly.
By owning Lisk, you will be required to have an account on an exchange that supports LSK, such as Binance or Huobi.
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