These cofounders live in separate countries and have never even met – and they’re trying to create a new kind of money

Max KordekMax KordekLisk cofounder Max Kordek

Max Kordek is a 24-year-old Bitcoin wiz from Germany. Next week he and his co-founder, 37-year-old Oliver Beddows, will launch their company, Lisk.

And Lisk is such an exciting idea that during their 30-day crowdfunding campaign, nearly 4,000 people chipped in a total of $6 million in bitcoin to fund their seed round, Kordek tells Business Insider.

Lisk is two things: a new kind of app store, and a a new form of internet money, similar to Bitcoin. 

An app that never goes down

First and foremost, Lisk is a new kind of app store built on the same kind of technology used by Bitcoin to keep track of who owns how many coins.

That’s a technology known as blockchain, which the tech and financial industries are going gaga for.

Oliver Beddows LiskLiskLisk cofounder Oliver Beddows

In simple terms, blockchain is a distributed database, an app that is replicated on many, many machines that keeps track of transactions.  

In practice it means that Lisk will also use many different clouds, Kordek says.

“There are many different servers. Some might be at Amazon,

Read more ... source: TheBitcoinNews