LSK (Lisk) aims to create a Dapp ecosystem based on side-chain technology, similar to Apple's App Store. The Lisk project was separated from the Crypti blockchain project in January 2016, and the mainnet was launched in June 2018.
Like Bitshare, Steem, and EOS, Lisk uses the dPoS consensus algorithm. There are 101 representatives acting as block producers. Delegates are elected through blockchain voting. The number of votes allocated to each account is equal to the number of LSKS it has. Block production takes turns, with 101 delegates producing one block per turn. Lisk supports block generation in 10 seconds, rewarding 4 LSKS per block generation. 10 second blocks, which means over 12 million LSK will be awarded to delegates in a year. The initial supply is LSK 100 million and the annual inflation rate is over 12%.
As we have seen in Bitshares, Steem, and EOS, dPoS consensus algorithms are a trade-off: dPoS algorithms are fast and scalable, but at the cost of a degree of decentralization.
Lisk was founded by Max Kordek and Olivier Beddows. Max and Olivier are both from the Crypti project. They left Crypti and founded Lisk in early 2016 after disagreements with the rest of the management team, according to Lisk's blog post. Little is known about Max and Olivier's respective histories prior to Crypti and Lisk. Max currently serves as Lisk's President and CEO, and Olivier serves as Lisk's Vice President and CHIEF Technology Officer.
To establish Lisk, Max and Olivier co-founded Lightcurve GmbH, a blockchain consulting company, development studio and marketing agency. More than 50 people work for LightCurve and its only customer is Lisk.