Lisk uses the DPoS (Delegated-Proof-of-Stake) algorithm originally created by BitShares. What differentiates it from regular proof-of-stake (POS) is that only the top 101 delegates (determined by voting weight of voters) are actively forging and securing the network.
Lisk DPoS functions through a series of rounds. Rounds consist of 101 individual blocks. Each of the 101 active delegates are randomly assigned 1 block within the round to forge. A full cycle round takes 17 minutes. If a selected delegate is unable to forge their assigned block, activity from that block moves to the next block in the round.
Lisk utilizes an inflationary forging rewards system which creates new LSK for every successful block. During year 1, the forging rewards are set at 5 LSK per block. Every 3,000,000 blocks (~1 year) forging rewards are reduced by 1 LSK, ending at 1 LSK per block after 5 years. The forging rewards will then stay at 1 LSK per block indefinitely. The Forging Rewards will be equally distributed through all active (top 101) delegates, same as any network fees.
- Lisk Nano
- Official Desktop Wallet [Windows/Mac/Linux]
- Trusted Web Wallet - offers Lisk Wallet & Lisk Cloud Mining