Overview

Lisk is written in JavaScript by using NodeJS, it is a decentralized application platform and a cryptocurrency, it facilitates digital money network and decentralized payment system. The network operates using a highly efficient consensus model Delegated-Proof-of-Stake and it is secured by 101 democratically elected delegates. Its most powerful component enables deployment, monetisation and distribution of decentralized applications and custom blockchains on the Lisk blockchain. 5 LISK per block is the inflation rate that every 1 year gets lowered till it reaches 1 LISK per block, a stable block reward. 

It partnered with Microsoft to integrate Lisk in its Azure Blockchain as a Service program , by that it means that the developers across the world can develop, test, and deploy blockchain applications of Lisk by utilizing Microsoft's Azure cloud computing platform and infrastructure.

The Lisk network is trustless and decentralized meaning there is no direct control of any single entity. 101 democratically elected delegates have secured the network and its responsibility is to confirm and broadcast the transaction’s validity. On the Lisk blockchain, all the lisk accounts can vote for delegates that are registered. While the 101 delegates with the major votes are elected for the responsibility to confirm the transaction’s validity broadcast on the network, they also get 100% of the fees that is collected by the network and the forging rewards.

ICO participants, core team, active community members and third parties were given the ICO 100,000,000 LISK. Post the establishment of the network with 101 delegates, there is a 5 newly made LISK with every block inflation also called as the Forging rewards. The reward of each 3,000,000 blocks (~1 year) is lessen by 1 LISK and ending at 1 LISK per block while it stays that way forever,

The forging rewards are equally distributed with all active delegates being 101 and higher and as same as the fees of the network. The mechanism was implemented to make an incentive to network security and to run a delegate while it also enables in future for LISK to finance itself.