Community Review #1 Lisk is not a great product, it is….

lisk review

Lisk Review!

A good product with impressive statistics after launch, a mission to bring blockchain applications to the broad market.
Today we want to take a close look into Lisk, the team behind Lisk and more.

Lisk Is

a german startup company that uses the Crypti code, which has been developed in the last two years as a blockchain application platform. Sadly it didn’t find the support and marketing to grow as big as possible. Max Kordek and Oliver Beddows are former members of Crypti. Both have a huge vision of this new technology, and they made the move to independently develope this technology under a new company and branding. This was also possible, since Crypti is open source.

Lisk’s technology is based on the crypti code

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The Numbers

  • Crowdfunding
  • Forum
  • Trading
Over 14.000BTC, valued over 6.000.000 USD. The current valuation after the Bitcoin rise: over 9.000.000 USD
Over 1400 pages on the Bitcointalk Forum
Highest trading volume per day was greater than Ethereum

Lisk beats Ethereum in volume one of the biggest exchanges – Poloniex (26 May 2016)

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Today we want to take a close look into Lisk, the team behind Lisk and more.

 

The Idea

is to allow all Javascript developers to work on a new and decentralized platform. Simple to use and absolutely free. The current development environment in JavaScript is quite diversified based on plenty of platforms and tools. We found an awesome outlook on Javascript, which was published in an article on Telerik from Burke Holland in 2016.

The rise in popularity of the JavaScript language has resulted in what is sometimes referred to as a “Cambrian Explosion” of JavaScript libraries, frameworks and miscellaneous tools.

 

The Team

consists of 10 enthusiastic members right now. It is a very good mix of developers, advisors, managers and marketing experts. Now it’s important to see what will happen in the upcoming months.

Prelaunch members

  • Max Kordek
  • Oliver Beddows
  • Axel Hellinger
Foundermax kordek
Founderoliver
Legal Advisorlegal advisor

Joined after the official launch

  • François-Xavier Thoorens: Core Developer
  • Isabella Dell: System Architect
  • Charles Hoskinson & Steven Nerayoff: Senior Advisors
  • Boris Povod: Technical Advisor
  • Ricardo Ferro: Tool Developer
  • Joel Fernández: Community Manager

Except for a great legal product, the communication between the team members is also very important to make a business successful.

As the team grows, time will tell how good Max Kordek and Oliver Beddows are in terms of the communication between all team members. Maybe you know the “80/20 pareto principle”, which plays a big role in any business.

Identify the 20% of the team, that produce 80% of the results and identify the 80% of the team that produce only 20% of the results!

 

pareto principle

 

Has Max Kordek enough experience in his business career to make Lisk a big success? There are a lot of open questions and focusing only on marketing will not be enough.

 

The Branding

of Lisk is very interesting.

The website looks very clean and professional!

lisk website

 

The logo looks like a new game! Or is it a old game? Ah, well not so sure.

lisk logo

 

Lisk plans a redesign, a new cooperative design. We will see how it works out and are looking forward. The general idea of Lisk’s branding is awesome. As bigger as Lisk grows a new redesign is a must-have.

 

The Marketing

went absolutely incredible. The launch was well planned and broadcasted via Bitcointalk’s forum. An incentive-based strategy for Newsletter, Facebook and Twitter was applied. Lisk was on quite a few big newspapers (Businessinsider, Microsoft:Partnership and so on).

Over 14.000 Bitcoins crowdfunded, worth over 6 Million and now worth over 9 Million, as bitcoin also increased a lot recently!

 

Global Blockchain Summit 2016 in China, Lisk founder in the live panel!

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Founder Max Kordek presenting Lisk to an audience of over 700!

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Usability

The online account is user friendly. Comparable to online banking accounts.

First step is to create a new account

new acc

 

Second step is to safe and login with the generated Passphrase, check out the web-based platform

inside lock

 

 

An easy to understand documentation list

lisk website docs

 

Security

is a hot topic nowadays. Sidechains seem to be a good choice in this regard. The difference between other blockchain based business models and Lisk is that most business models are running on a single blockchain. However Lisk is running on sidechains (every business has his own blockchain). If one blockchain on the sidechain fails, it does not have a deadly impact on the Lisk’s main blockchain.

The initial coin offering was a bit of a mess. The wallet functions were not working very well for several days after launch (hacker DDOS’ed the Lisk Website and Wallet-Webservers). BUT regardless of that, everything worked out as planned. In the end, it turned out to be a safe distribution. Now the big questions are: How can Lisk manage future attacks? How good is Lisk in recruiting honest and good security specialists? How good is the concept of law and contracts for the team members? We will find the answers to these questions in the future.

 

DAO attack/hacking & Black Friday in the market

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Could an event like this happen to Lisk? What is the probability of failure and success?

 

Scalability

in the digital world is a must-have to succeed! Lisk with sidechains is extremely scalable. The events recently occur in bitcoin (longer transactions, bigger blockchain) are not meant to happen for Lisk. Lisk is a long-term project.

 

Nowadays IP Adressess use IPv6 and Lisk use sidechains for the scalability!

Nodes and Delegates, a major part of Lisk!

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Summary

Check our full rating and short summary of our lisk review in the end!

 

Lisk Review Links

[1]: Article on Telerik from Burke Holland # Javascript in 2016 #

[2]: Two advisors join Lisk to help with product development

[3]: Marketplace Video LISK

[4]: Lisk Open Source on Github

Lisk Official: Website / Blog / Youtube / Twitter

 

 

Did you like our Lisk review? Then check out our Twitter – A lot of community projects are going on!

 

Lisk Review! A good product with impressive statistics after launch, a mission to bring blockchain applications to the broad market. Today we want to take a close look into Lisk, the team behind Lisk and more. Lisk Is a german startup company that uses the Crypti code, which has been developed in the last two years as a blockchain application platform. Sadly it didn't find the support and marketing to grow as big as possible. Max Kordek and Oliver Beddows are former members of Crypti. Both have a huge vision of this new technology, and they made the move to independently…

Overall rating

Idea - 96%
Team - 85%
Branding - 75%
Marketing - 98%
Usability - 91%
Security - 76%
Scalability - 97%

88%

Our score

Lisk may not be a great product yet, however it is a good product! Good enough to become great in the next couple of months and years! Right now the Lisk team promoted their mission and ideas in a lot of different events. Our overall rating for Lisk is 88 %.

User Rating: 4.46 ( 14 votes)

One comment

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