Lisk Delegates to Prepare for Forging Rewards

The blockchain application platform releases version 0.5.0 to the testnet with increased stabilization

Berlin, Germany – November 7, 2016 – Lisk, the blockchain application platform, announced today plans to issue block rewards to Lisk delegates, a critical milestone that will be reached before the end of 2016. In welcome news for community members contributing to the network, development of the Lisk protocol has sufficiently advanced and stabilized, allowing for forging rewards to be awarded to delegates for the first time. For every block forged, a process similar to Bitcoin mining, every elected delegate will be awarded 5 LSK.

Developers and partners from around the world are joining the Lisk project, a platform that uniquely allows for the deployment, distribution, and monetization of custom blockchain applications each running within their own sidechains. No other platform provides a full-stack blockchain solution for JavaScript, the most widespread programming language. Among its distinctive features, unlike Bitcoin, Lisk utilizes a Delegated Proof of Stake consensus algorithm which requires 101 elected delegates to protect the mainchain. These delegates are remunerated for their service to the network with forging rewards, along with transaction fees.

Founded in early 2016, Lisk completed an Initial Coin Offering

Read more ... source: Bitcoin Warrior

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