What is Lisk | LSK
Welcome to this cryptocurrency video review posted by Lisk on YouTube. In this video you learn about Lisk LSK.
Lisk uses a Delegated Proof of Stake (dPoS) consensus mechanism. With this consensus algorithm, blocks are generated by delegated nodes. The total number of delegates is fixed at 101.
LSK is the native utility token on the network and acts as fuel for the network. LSK is earned as a reward for block producers which can also be staked. LSK tokens are also used to run dApps on the Lisk platform.