Lisk (LSK) vs Ark: The Cryptocurrency Battle Between Proof-of-Stake Tokens


Lisk vs. Ark—The Cryptocurrency Proof-of-Stakes Battle

Proof-of-stake concepts are routinely used by cryptocurrency companies to showcase their platform ideas to developers, investors, and enthusiasts. Given the high volume of initial coin offerings being made each year, it is necessary to ensure that the crypto world gets a proper understanding of what your platform is all about before they can invest in it. The following is a look at two platforms: Lisk and Ark, and what each has to offer.

Lisk

Lisk is a Crypti fork that was started in 2016, by Oliver and Max. The two are former Crypti co-founders, who did not like the path that the development process was taking, which informed their decision to leave and start their own firm.

Features of Lisk

Lisk is centered on sidechains, and many see it as the very first modular cryptocurrency. Sidechains are beneficial in that they are able to protect the network from unnecessary slowdowns, which can provide spammers with an opportunity to make fraudulent transactions.

Each sidechain has been operationalized to enable it to maintain efficiency and flexibility. The main chain is, therefore, in a position to execute high volume transactions without being slowed down by network congestion issues.

Delegated Proof-of-Stake (DPoS) Algorithm

Another important feature associated with Lisk is that it is also a consensus mechanism that is based on the delegated proof of stake algorithm (DPoS). The consensus mechanism was initially created and deployed by the Bitshares team. Lisk was primarily developed for use in the development of decentralized web systems. This means that one of its main goals is to become the go-to platform for blockchain services and applications.

Ark

Ark provides innovative blockchain-based technology for startups, developers, and end-users. It seeks to create a platform that can be used to connect to other blockchain platforms so as to increase its uptake. Ark has been able to provide a number of various real-world use cases, which makes it scalable, flexible, and adaptable.

Ark Platform Features

Ark is determined to become much more than an ordinary cryptocurrency. For instance, its features make it possible for the ordinary person to easily use blockchain technology. In addition, its platform has also been designed to provide the services that are needed by both developers and consumers. Its features include:

Distributed

It uses a modified delegated proof of stake consensus mechanism. The mechanism requires all its coin holders to elect delegates who will then be responsible for maintaining the blockchain and validating all the transactions. The consensus mechanism was first introduced by BitShares, before being implemented by Ark, Crypti, and Lisk.

Scalability

One of its goals was to address scalability issues, which is a key concern for many blockchain-based projects. Ark seeks to maintain a blockchain that is highly scalable. This means that users are in a position to unload the features they do not need to various sidechains using the customized SmartBridge feature.

Conclusion

Lisk and Ark both possess solid principles which are essential in providing them with long-term viability. Your choice will, thus, be based on a number of factors, e.g., preference and real-world use case. However, it is important to remember that all protocols and systems are continuously being developed, which means that they are always evolving.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide