Author

Topic: [ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers - page 2066. (Read 3074169 times)

hero member
Activity: 546
Merit: 509
Decentralized Application Platform
One question about this quote. First of all, since the fee per transaction is 0.1 LISK, what happens with transactions of a lower amount?

This means a 15% inflation rate the first year, but I was wondering how it has been estimated that 3,000,000 blocks will be created in around 1 year and not more?

If you send 0.01 LISK, you need to spend a total of 0.11 LISK.


A day has 86.400 seconds, that means 8640 blocks can be created every day in the best case. That means in about 350 days there are 3,000,000 blocks. The best case will very likely not be achieved. Therefore it takes a bit longer.
legendary
Activity: 1750
Merit: 1004
Community growing much bigger day by day so that i think Lisk will rock after it get launched, i also donated some coins to the current ico because i am hopeful for great future ahead.
hero member
Activity: 560
Merit: 501
(Note: looks like whitepaper needs to be updated, "0.1 LISK of amount sent for a spend transaction" should be "0.1% LISK of amount sent for a spend transaction".
We changed it to a constant 0.1 LISK. There was always the problem to calculate the fee, now it's very easy. Smiley

At Crypti, the "percentage fee" was always intended to be a way to compensate the 101 Active Delegates for their out-of-pocket server costs.  In some of my really old posts I went through the math in excruciating detail to show that a percentage fee for Crypti would never come close to covering server costs and I argued for a fixed fee or even no fee.  

Now here we are at Lisk, with the percentage fee gone like I promoted, replaced by a minimal fixed fee per transaction like I also promoted - and a new 5 Lisk paid per block to a forging delegate when his turn comes around every 101 blocks.  So...the Lisk forging block reward at 5 Lisk is 50 times the Lisk transaction fee at 0.1 Lisk - and it's conjured out of thin air as new inflationary coin!  

Crypti tried percentage fees on a non-inflationary coin, Lisk is gonna try inflationary block rewards.  Gotta pay the piper somehow, I guess...

Don't ever say that Lisk is nothing but a perfect clone of Crypti.  Look under the hood, there's lots of differences between Crypti and Lisk.  

Which was the main reason for the fork.  

One question about this quote. First of all, since the fee per transaction is 0.1 LISK, what happens with transactions of a lower amount?

"During the ICO we will distribute 100,000,000 LISK to ICO participants, the core team, third parties and active community members. Once the network is established with 101 delegates there will be an inflation of 5 newly created LISK with every block, these are the Forging Rewards. Every 3,000,000 blocks (~1 year) this reward is reduced by 1 LISK, ending at 1 LISK per block where it stays like that forever."

This means a 15% inflation rate the first year, but I was wondering how it has been estimated that 3,000,000 blocks will be created in around 1 year and not more?
full member
Activity: 140
Merit: 100
Have max and oliver said anything about the 8,000,000 LISK .. did they promise not to dump it right at the start?
If they say "no" people won't believe them, so better if they don't say anything about it!
legendary
Activity: 1806
Merit: 1001
Have max and oliver said anything about the 8,000,000 LISK .. did they promise not to dump it right at the start?

The lisk is their profits from their investment in time.  Most of the Bitcoin they said will be going to Advertisements, Speeches, Education and Events.  They have an interest in seeing it go up but believe me, you want to worry about that whale who bought 1000btc in one bite.  He has more lisk than max and oliver combined.

Thanks .. Where is the richlist?

Will be known after coin distribution
hero member
Activity: 518
Merit: 500
Enjoying the ups & downs of Cryptocurrency!
http://btcgeek.com/lisk-ico-attract-developer-community/

Lisk is a new cryptocurrency project with the aim of making it as easy as possible for developers to build and deploy their decentralized applications (DApps). Lisk is especially noteworthy in its use of JavaScript as the programming language that will power these DApps. JavaScript is one of the most common languages that most web developers are familiar with, and therefore Lisk is able to tap into a huge market of existing developers throughout the globe.

Lisk aims to make it easier to build DApps for developers who may find Ethereum challenging to learn, or just provides an alternative to developers, so they are not overly dependent on Ethereum for their DApps. Lisk has created a clever infrastructure around this project, which includes a Lisk DApp Store that will list the DApps built by people, for ease of discoverability. Lisk will likely lower the barriers to entry into this exciting new space.

Lisk is also one of the few blockchain and cryptocurrencies listed on Microsoft Azure. In fact, it finds a mention in Azure’s official blog, along with other projects like Augur, Bitshares, Syscoin, and Slock.it.

Lisk makes it easy to integrate with existing services that a lot of web software developers are familiar with, such as Github. In its current infrastructure, Lisk will assign a new sidechain to each DApp but aims to use a Virtual Machine (VM) architecture in the future. The BTC Geek spoke to Max Kordek, the CEO of the Lisk project –

“Lisk offers a unique solution for JavaScript developers to deploy their own blockchain and develop a decentralized application on top of it. We think it’s high time to spread thousands of blockchains with different use-cases throughout the whole world.”

Lisk is branched out of the Crypti community, where a segment of the initial team diverged in their vision and started Lisk. This shows the community is already familiar with cryptocurrencies in general. Crypti raised 750 Bitcoins in its Initial Coin Offering (ICO). Lisk is also going through the ICO process, and has raised several thousand Bitcoin already. The ICO is expected to last until March 20th 2016.

Projects like Lisk help spread the idea of cryptocurrencies and blockchain to the more mainstream developer community that may not be very familiar with blockchains in general and therefore fear treading into the space due to a steep learning curve. By working with tools, technologies, and sites including Github, Docker, and Node, Lisk aims to make building decentralized applications as easy as building any regular web application. It also abstracts away a lot of low-level code by providing useful APIs, which make the developer further simplified. Lisk a beginner-friendly version of a cryptocurrency that allows for the creation of DApps.

http://btcgeek.com/lisk-ico-attract-developer-community/



hero member
Activity: 798
Merit: 1000
"During the ICO we will distribute 100,000,000 LISK to ICO participants, the core team, third parties and active community members. Once the network is established with 101 delegates there will be an inflation of 5 newly created LISK with every block, these are the Forging Rewards. Every 3,000,000 blocks (~1 year) this reward is reduced by 1 LISK, ending at 1 LISK per block where it stays like that forever."

Please correct me if I am wrong, but this could be translated as a low inflation rate right?

BTW: as I know there will be 85 million coin in the ICO. The others go to the core team, bounties, etc.
hero member
Activity: 560
Merit: 501
"During the ICO we will distribute 100,000,000 LISK to ICO participants, the core team, third parties and active community members. Once the network is established with 101 delegates there will be an inflation of 5 newly created LISK with every block, these are the Forging Rewards. Every 3,000,000 blocks (~1 year) this reward is reduced by 1 LISK, ending at 1 LISK per block where it stays like that forever."

Please correct me if I am wrong, but this could be translated as a low inflation rate right?
hero member
Activity: 588
Merit: 500
NEM ....best currency distribution ever ...!!!!!!!
i clicked on generate keys and nothing happened.....can anybody help ?

If you did not click "aknowledge receipt" yet, you can just go back to your exchanges and should be able to open it again.

Maybe you need to use another browser and delete cookies.

I used chrome and firefox it was worked fine for me.

I've done it on chrome, no issues

yes thanks .... I used chrome and it was ok..... Smiley
hero member
Activity: 504
Merit: 500
i clicked on generate keys and nothing happened.....can anybody help ?

If you did not click "aknowledge receipt" yet, you can just go back to your exchanges and should be able to open it again.

Maybe you need to use another browser and delete cookies.

I used chrome and firefox it was worked fine for me.

I've done it on chrome, no issues
hero member
Activity: 798
Merit: 1000
i clicked on generate keys and nothing happened.....can anybody help ?

If you did not click "aknowledge receipt" yet, you can just go back to your exchanges and should be able to open it again.

Maybe you need to use another browser and delete cookies.

I used chrome and firefox it was worked fine for me.
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
i clicked on generate keys and nothing happened.....can anybody help ?

If you did not click "aknowledge receipt" yet, you can just go back to your exchanges and should be able to open it again.
sr. member
Activity: 434
Merit: 250
i clicked on generate keys and nothing happened.....can anybody help ?

then you need to contact Lisk urgently. I suggest by 'chat'. i assume it will be open at such an important moment in the ICO to support such problems. good luck.

i think it was a bad idea to end the ICO overnight Sunday/ Monday.  
legendary
Activity: 1232
Merit: 1000
★YoBit.Net★ 1400+ Coins Exchange
i clicked on generate keys and nothing happened.....can anybody help ?
nothing? I don't remember what should happen, but I've downloaded the txt file with keys pressing a botton
hero member
Activity: 588
Merit: 500
NEM ....best currency distribution ever ...!!!!!!!
i clicked on generate keys and nothing happened.....can anybody help ?
hero member
Activity: 798
Merit: 1000
hero member
Activity: 798
Merit: 1000
I only have one account on Lisk where i can buy the lisk with coins....The other site what is that? the client or something?

I hope the Lisk goes beyond Ethereum, because this is the only coin in 2 years i have hope in during the ICO.

Read at least the first post Wink  :


 - https://bitcointalksearch.org/topic/m.13726345
people are investing only because of the 8500 btc rose! They see easy profit, I see them leaving it in loss at the first dump.

No problem for me I will buying some from that dump.
legendary
Activity: 1232
Merit: 1000
★YoBit.Net★ 1400+ Coins Exchange
I only have one account on Lisk where i can buy the lisk with coins....The other site what is that? the client or something?

I hope the Lisk goes beyond Ethereum, because this is the only coin in 2 years i have hope in during the ICO.

Read at least the first post Wink  :


 - https://bitcointalksearch.org/topic/m.13726345
people are investing only because of the 8500 btc rose! They see easy profit, I see them leaving it in loss at the first dump.
legendary
Activity: 1778
Merit: 1043
#Free market
I only have one account on Lisk where i can buy the lisk with coins....The other site what is that? the client or something?

I hope the Lisk goes beyond Ethereum, because this is the only coin in 2 years i have hope in during the ICO.

Read at least the first post Wink  :


 - https://bitcointalksearch.org/topic/m.13726345
full member
Activity: 560
Merit: 101
I only have one account on Lisk where i can buy the lisk with coins....The other site what is that? the client or something?

I hope the Lisk goes beyond Ethereum, because this is the only coin in 2 years i have hope in during the ICO.
Jump to: