Lisk LSK/USD has weakened from $1.88 to $1 since August 01, 2022, and the current price stands at $1.06.
The cryptocurrency market continues to be under pressure, and according to Brian Brooks, CEO of the crypto infrastructure provider Bitfury, the Federal Reserve’s approach to tackling inflation is a major reason for the current downturn.
Lisk is a blockchain application platform
Lisk is a blockchain application platform that enables developers to create custom dapps without the need for learning new coding languages.
Developers can write programs using the Javascript and Typescript languages, while the modular design of the Lisk enables developers to realize any kind of blockchain technology use-case.
Developers can create, build and deploy their own sidechain connected to Lisk’s mainchain, but it is also important to say that anyone can interact with this platform by managing their LSK tokens and voting in the consensus algorithm through Lisk’s wallets.
Lisk products are developed completely in open source with the goal to make blockchain technology accessible for a future in which everyone benefits from it.
The ultimate goal of Lisk is to bring talents into the blockchain industry by enabling them to participate in building the decentralized future with Lisk’s products, whether they are a technical person or not.
LSK is the utility token of the Lisk blockchain; it is used by the network to power dapps, and it allows users to participate in the governance.
LSK is primarily used to pay for the network fees for the different types of transactions, but users should consider that the Lisk network utilizes a dynamic fee system, which keeps fees considerably low.
Technically looking, LSK remains under pressure, the prices of
