Lisk announces the end of its ICO, raising over $6 million to build DApps

Lisk announced the end of its ICO, raising more than $6 million. Lisk is a cryptocurrency that makes it easier for the global developer community to build decentralized applications (DApps). Lisk's use of the JavaScript development language to build DApps has greatly attracted investors, as JavaScript is the most popular development language on Github and is widely used in web development.

This ICO raised a total of 14,079 BTC (Bitcoin and ShapeShift) and 80,696,177 XCR (Crypti), with a total value of US$6.15 million.

Lisk provides developers with their own application programming interfaces (APIs). Each DApp will run on a separate Lisk sidechain. Lisk plans to migrate DApps to a Lisk VM similar to Ethereum in the future. Lisk is also targeting the Internet of Things (IoT) field, as the IoT is attracting more and more developers and startups, especially in the field of interaction between IoT and blockchain.

The Lisk project has been deployed to the Microsoft Azure Blockchain as a Service (BaaS) platform. The project source code has been placed on Github, so developers can easily find their familiar tools, such as GitHub, making the transition from web application building to DApps building very smooth.

Lisk uses a proof-of-stake model to secure the blockchain, and given Lisk's scaling and increased hardware requirements, running Lisk nodes on Azure can be better than running your own hardware.

The proof-of-stake model used by Lisk is a representative proof-of-stake model first pioneered by BitShares. Lisk retains the original default setting of 101 delegates in BitShares. These delegates are elected by Bitcoin owners and there is a threshold for election. The transaction fees are shared by these 101 delegates.

Lisk Origin

The Lisk project was originally spun off from Crypti. At the time, Max Kordek and Oliver Beddows disagreed with the direction of Crypti’s development, so they left the Crypti founding team and founded Lisk.

Max Kordek, CEO of Lisk

Lisk Distribution

Lisk will distribute 1 million LISK as follows:

• ICO participants account for 85%

• Core team accounts for 8%

• Activity expenses and bonuses account for 4%

• 2% for consultants and partners

• Social activity bounty accounts for 1%

Lisk inflation rate is 5 LISK per block, and will decrease at a rate of 1 LISK per year until each block can harvest 1 LISK in return. And unlike Bitcoin, Lisk has no supply cap, but the inflation rate will continue to decrease over time.

Original article: http://www.smithandcrown.com/lisk-raises-6-million-ico-building-dapps-javascript/
By Sid Kalla
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/lisk-raises-6-million-ico)