Lisk Research Hub | LSK information, history and analysis
Lisk is a platform that allows developers to build applications on blockchain technology using the JavaScript programming language, first launched in 2016 by Max Kordek and Oliver Beddows.
Developers can publish, distribute, and monetize their applications through a full ecosystem of development tools and easy-to-use interfaces, developers can publish, distribute, and monetize their applications. Applications will link directly to Lisk, and the platform’s native token is LSK.
The highlights of Lisk:
- Open Source: Lisk products are developed completely in open source.
- Rooted in JavaScript: Committed to the most popular programming language.
- Customizable: Develop blockchain applications with total flexibility.
- Delegated Proof-of-Stake: Scalable and energy-efficient consensus algorithm.
LSK is a utility token of the Lisk ecosystem and can be Forging (“Mining” in Proof-of-Stake). LSK is used to pay transaction fees and pay Block Rewards to Delegates (Forging participants) to ensure security and maintain the stable operation of the platform.
LSK exhibits strong retail dominance, with a Whale vs Retail Delta analysis indicating that retail traders are overly bullish. This behavior frequently leads to corrections, as the market adjusts to the overinflated sentiment.
Liquidation levels for LSK are crucial at 0.74 USD and 0.72 USD. These points may trigger buying and selling pressure, particularly if prices dip due to forced liquidations among leveraged retail investors.
Given the current trends, LSK appears to be overbought, raising concerns of a potential price drop. Historical data supports a cautious stance for retail traders as high dominance often precedes market corrections.
