LSK is the abbreviation and token of the Lisk project, aiming to create a Dapp (decentralized application) ecosystem based on sidechain technology, similar to Apple's App Store. Like Steem and EOS, Lisk utilizes the dPoS (Delegated Proof of Stake) consensus algorithm. The dPoS consensus algorithm is a trade-off among the blockchain's impossible trilemma, offering fast and scalable performance at the cost of decentralization. There are 101 delegates serving as block producers, elected through blockchain voting. The number of votes allocated to each account is proportional to its LSK holdings. Block production occurs in a rotating fashion, with each round allowing the 101 delegates to produce one block.

LISK is the first fully decentralized application solution based entirely on JavaScript. Its core objective is to create a complete plug-and-play system that enables developers to accomplish all steps, from design and development to deployment and monetization, on a single platform. Leveraging the LISK ecosystem, developers can quickly deploy their JavaScript applications by hosting storage nodes and immediately enter the execution nodes for LISK code computation.