BERLIN, Nov. 28, 2016 /PRNewswire/ -- Lisk, the
blockchain application platform, has launched an ambitious series
of campaigns that will supercharge the democratic and decentralized
nature of their blockchain while providing a foundation for
long-term sustainability and success.
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First, Lisk has made a public call for the nomination of new
delegates, elected "officials" who perform essential tasks for the
blockchain and who receive forging rewards in exchange for their
services. Lisk operates on a Delegated Proof of Stake consensus
model, where LSK "stakeholders" vote for delegate candidates.
To be elected, delegate candidates should show they are
passionate about the Lisk community, support the Lisk ecosystem,
display an understanding of the power of blockchain technology, and
make a commitment to lowering the barrier of entry for new members
while actively identifying beneficial opportunities for Lisk. To
further incentivize the nomination of new delegates through the
proposal system, for a limited time all registered delegates will
be refunded the normal 25 LSK proposal fee.
Simultaneously, Lisk announced a Proposal Contest to
the public. All LSK holders will be able to submit proposals of any
kind to the network from now until December
5, 2016. Both new and updated proposals will be considered.
After the conclusion of the contest, the creators of three
proposals will each receive 5,000 LSK, currently equivalent to
$800, and the authors of ten
additional proposals will each receive 1000 LSK, or approximately
$160.
Proposals will be judged by the Lisk Core Development team under
a rubric that considers the viability, creativity, thoroughness and
clarity of the proposals. Those which offer increased transparency
and which promise to more significantly contribute to the Lisk
ecosystem will receive additional weight.
Lastly, Lisk established a new Community Fund, a major new
program that will help guarantee the long-term viability and foster
the overarching development of the Lisk Ecosystem in a
decentralized, community-led way. The Lisk Community Fund will be
generated from voluntary contributions from LSK owners, who may
donate a portion of their cryptocurrency holdings to a fund that
will be securely held in escrow until 2019. Lisk Founders Max
Kordek and Oliver Beddows are
together donating the first 100,000 LSK, approximately $16,000, to the fund.
Lisk CEO Max Kordek
said, "We are excited to announce three major campaigns at
once. Lisk is firm in our mission to maintain and grow a
decentralized network, and so we look forward to the nomination of
new delegate-leaders to foster our community. The cumulative voting
power of all Lisk holders decides who will make up the 101
delegates, so it's purely a community-led decision and that's the
direction we want to take. Sharing the power and incentivizing
users is the most effective way to build a blockchain, and that's
why Lisk is on the rise."
"The new delegate campaign, the incentivized proposal
contest, and the creation of a Community Fund are all steps forward
for the Lisk ecosystem. Separately, each further progresses our
mission to provide the world's best platform for blockchain
applications. Combined, these campaigns will generate excitement
and engagement from our community, the greatest asset Lisk could
ever have," concluded Kordek.
Currently valued at over $16
million, LSK, the cryptocurrency underpinning the platform,
sits in 16th place of the most valuable digital
currencies. Additional details on Lisk's new campaigns can be found
on the Lisk Blog.
Lisk CEO Max Kordek is available
for interviews
About Lisk:
Lisk is a blockchain application platform that enables its users
to build applications from the ground up in JavaScript. The
decentralized platform allows for the deployment, distribution and
monetization of sidechains onto the Lisk blockchain. The Lisk
network is operated using a highly efficient
Delegated-Proof-of-Stake (DPOS) consensus model, which is secured
by democratically elected delegates. The cryptocurrency
underpinning the Lisk platform is called LSK.
Lisk was founded by Max Kordek
and Oliver Beddows in 2016, in their
stellar crowdsale they attracted over 14,000 BTC in funding, making
Lisk the most successful crowdfunded entity in German history.
Consequently, Lisk has attracted developers from around the world
and prominent advisors like Charles
Hoskinson and Steven Nerayoff, who have helped foster a
growing ecosystem around blockchain applications and services. Lisk
is headquartered in Berlin in the
iconic business district at the Sony Center.
For more information, please visit – https://lisk.io/.
Media Contact:
David Wachsman
Founder // Wachsman PR
david@wachsmanpr.com // 212-835-2510
Lisk is the source of this content. Virtual currency is not
legal tender, is not backed by the government, and accounts and
value balances are not subject to FDIC and other consumer
protections. This press release is for informational purposes
only.
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SOURCE Lisk