Web3 continues to evolve. Crypto has gone from being mostly unknown to a common household name. Despite this growth, there is still much to be desired.

Every decentralized network requires a form of cryptocurrency to stand-in for various processes. They could give a form of utility to the chain, act as a store of value, and be used in governance, as examples.

In order for any decentralized blockchain, such as Lisk, to be secure, its participants must agree to the same set rules. Those rules are known as a consensus mechanism. While there are many types of consensus mechanisms, Lisk utilizes Proof of Stake (PoS).

Interoperability is the process of various systems sharing data and resources seamlessly without the need for any additional intervention from an end user.