We’ve already written about Lisk’s recent developments, the introduction of sidechain deployment on its blockchain, a growing number of application candidates, and even about an accountant who invested everything in Lisk.
In this article, we highlight the dynamics behind the decentralized network of the Lisk blockchain.
The Lisk network provides an excellent case study of how the Delegated Proof-of-Stake consensus model has been put into practice. We first look at the practicalities and dynamics of the Lisk consensus model. Then we discuss a new player in the Lisk network that wants to alter the current distribution of power and how the network functions: Lisk Ascend.
The Lisk Consensus Algorithm
Lisk employs a Delegated Proof of Stake (DPoS) consensus algorithm. This consensus…