Summary
TLDR: The article from Lisk discusses how the blockchain platform is improving its scalability and security through various updates. Lisk plans to introduce a new consensus algorithm called “Lisk Interoperability solution” to enhance the network’s speed and efficiency. The platform is also implementing the “Lisk Service” to simplify the development and deployment process for developers. Additionally, Lisk is focusing on improving security measures by introducing a bug bounty program and conducting regular audits. These advancements aim to make Lisk more accessible and secure for developers and users.
Key Points
1) Lisk is a blockchain platform that aims to make it easy for developers to build decentralized applications (dApps) using JavaScript.
2) Lisk utilizes a unique sidechain architecture, which allows developers to create their own sidechains and customize them according to their specific requirements. This offers scalability and flexibility to the Lisk ecosystem, as each dApp can have its own independent blockchain, reducing congestion and increasing efficiency.
3) Lisk also introduces a delegated proof-of-stake (DPoS) consensus algorithm, where 101 delegates are elected by the community to validate transactions and secure the network. This ensures fast block times and efficient consensus, making Lisk a highly scalable and performant blockchain platform.