Blockchain DevelopmentLisk

Lisk to Add Delegate Forging Rewards, New Versions Upcoming

Lisk, the blockchain application platform, has announced plans to issue block rewards to Lisk delegates, a milestone that is planned to be reached before the end of 2016. The team has informed the community members contributing to the network that development of the Lisk protocol has advanced and stabilized sufficiently to allow for forging rewards to be awarded to delegates for the first time. For every block forged, a process similar to mining bitcoin, every elected delegate will be awarded 5 LSK.

The platform, which allows for the deployment, distribution, and monetization of custom blockchain applications each running within their own sidechains, provides a full-stack blockchain solution for popular programming language JavaScript. One of the features of Lisk includes is a Delegated Proof of Stake consensus algorithm, which requires 101 elected delegates to protect the mainchain. These delegates are remunerated for their service to the network with forging rewards, along with transaction fees.

 

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.