Kraken, the popular bitcoin and cryptocurrency exchange, today announced support for Lisk (LSK) trading starting on November 19th. Markets available will include LSK/USD, LSK/EUR, LSK/XBT, and LSK/ETH.
Lisk is an open source blockchain, powered by a native utility token called LSK, that is focused on accessibility. Lisk allows developers to program in JavaScript, one of the most popular coding languages in the world, allowing those unfamiliar with blockchain technology to build applications on the network.
Lisk (LSK) Details
- Lisk employs a Delegated Proof of Stake (DPoS) consensus model – transactions are added by a revolving list of 101 delegates, who are elected by LSK token holders.
- Lisk utilizes a native utility token called LSK. The token is used to perform various functions on the platform, such as utilizing dapps or voting for delegates.
- Each new dapp is placed on a Lisk sidechain, which is connected to the main Lisk network. This structure provides throughput efficiencies and also allows developers to create native tokens for their applications.
- A new block is added to the network every 10 seconds and the default fee to send a transaction is 0.1 LSK ($.07).
- Lisk was founded in early 2016 by Max Kordek and Oliver Beddows; it is headquartered in Zug, Switzerland.
Kraken will enable deposits and withdrawals for LSK at approximately 14:30 UTC on November 19. The first trades will start shortly after funding is enabled as sell orders cannot be placed until deposits clear.
