Along with crypto market ebb and flow, Changelly team continue to inform you about the most promising projects in crypto space. Our today guest remains confident that the blockchain industry further development is totally in the hands of innovators and creative minds of the new era of decentralization. Please welcome Max Kordek, CEO Lisk – the leading blockchain platform for world-changing dapps. The project’s native coin LSK is available on Changelly for a seamless exchange so feel free to stock up some LSK as soon as you get all the insights from the interview.
Could you, please, tell us a bit about the structure and logic of the Lisk blockchain? Of special interest is the interconnection between sidechains and mainnet.
Lisk is based on its own blockchain and custom token, with the network activity for over two years. As to the infrastructure of our sidechains, that’s currently heavily in the research stage, as disclosed in our new Development Roadmap. As soon as the research is complete, Lightcurve Science teams will publish the findings to the mailing list of Lisk Improvement Proposals (LIPs). Once its there, everyone will be able to inspect and participate in the discussion.
There is a peculiar Delegated Proof of Stake system with delegates and voting, could you tell our readers more about it? Is it hard to become a delegate? What was the main goal behind the DPoS?
We use Delegated Proof-of-Stake consensus algorithm with 101 delegates voted in to secure the network. Apart from obvious energy efficiency and environmental reasons, we went for this protocol because of community activation. It’s relatively easy and inexpensive to register yourself as a delegate via Lisk Hub, our network dashboard and wallet. Once a delegate, a community member can start campaigning by actively contributing to the network. A good number of our 101 delegates are community members who have consistently contributed to the Lisk ecosystem via code reviews, building open-source tools or event organization. Recently, members of one delegate group have opened two Lisk incubators in China and Japan. Members of another group are currently opening a similar space in the Netherlands. No consensus algorithm is perfect and we will continue improving ours, but safe to say we are happy with the option we went with.
Lisk Academy was started to help promote not only our own brand but blockchain technology as a whole. The content is nearing a hundred thousand words and is entirely free. Topics range from explaining blockchain use cases and blockchain for bsuiness to blockchain explained at a toddler level.
Now, let’s focus on the current market situation. The end of 2018 turned out to be challenging for the whole blockchain community, turning the market red. How, do you think, it will affect the community? What may the consequences be for blockchain projects?
Lisk was always more blockchain than cryptocurrency. We’re here to propel the technology forward, not talk about prices. Many projects have failed because they over-relied on the cryptocurrency market. The Lisk Foundation has diversified the portfolio to prepare us for the long downturn and has given us more than enough to complete our development roadmap. Our community knows they are here for the long-term. Blockchain is the technology of the future.
The fundament of blockchain lies in the decentralization. However, don’t you think it would be more efficient to have some centralized regulation institution, which would control the development of blockchain and prevent such dumps from happening?
We should not abandon decentralization too fast after just one year of a red market. It’s inevitable to see regulation creep up on the technology and the market around the globe. The best thing the industry can do is work hard on producing competitive products and solution in the near future. This will give the general public more faith in the potential of the technology.
Could you, please, speculate a bit about what will blockchain and crypto communities look like in the nearest half of a year? What are the key points of growth do they have? What are the weakest spots?
The industry will continue to see many blockchain projects call it quits over lack of funding. Those who have diversified their portfolio will survive. Actions will dictate 2019, not words. Winners will not be first comers to the finishing line, but those who arrive with high-quality products and tools.
We at Changelly truly believe that such an
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