Lisk vs. Bitcoin vs. Ethereum: Should You Invest in Lisk?
A few years ago, Lisk was called Cryptie. It started out around the same time as Ethereum, but until now, they’ve been a bit behind in the cryptocurrency game. However, now they’re back and have brought with them a new blockchain building app that could change everything.
What is Lisk?
How is Lisk Different from Ethereum and Bitcoin?
The easiest way to outline the uniqueness of LSK is to compare it to its rivals. In the simplest of terms:
- Bitcoin allows you to make transactions using their cryptocurrency and blockchains.
- Ethereum allows you to do the same, but also use their blockchains to create smart contracts with their cryptocurrency.
- Lisk allows you to create your own blockchain (called a sidechain) and cryptocurrency to use for pretty much anything. You can do all of the above and more.
If Bitcoin turns you into a trader, then Ethereum turns you into a lawyer. Lisk turns you into an architect. It is a bit more complex than that, especially with Bitcoin and Ethereum forks taking steps in different directions, but those are the basics. Moreover, Bitcoin and Ethereum work on a proof-of-work system where you receive coins for mining. More mining means more coin. Lisk works on a proof-of-stake system where you receive more coin in stages the more you have.
Should I Invest in Lisk?
If this has all gone over your head, you might want to check out YouToken.io’s courses. The first course "Everything you need to know on Bitcoin" is free this month. The courses are easy to follow and will teach you all there is to know about Ethereum, Bitcoin, and Lisk, as well as other cryptocurrencies.