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The Very First LISK Web Wallet Review! by coininstant

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· @coininstant · (edited)
$0.07
The Very First LISK Web Wallet Review!
Today I tested out the virtual currency LISK (LSK) and will give you a review with screenshots.

https://github.com/horsecoin/STEEMIMAGES/blob/master/LISK-REVIEW/LISK-MAINNET-LAUNCH.png?raw=true

**First Things First** 
Gotta Get Some Lisk!
So I loaded up with a few thousand lisk at https://bittrex.com to test drive the currency.  Normally I would not do such a large amount, but it was FOMO FRIDAY trust me it made perfect sense.

**Step Two, Find something to do with it!**

Time to do a test run and see what LISK is all about.  I did a google search about LISK and found the site https://lisk.io
This is the main portal for finding everything you need to know about LISK.  From here you can download a Lisk v0.3.1 Beta for Windows or Mac.
For the scope and sanity of this steemit article I will not be testing out The Full Lisk Client, and will opt to test out the web interface.

https://raw.githubusercontent.com/horsecoin/STEEMIMAGES/master/LISK-REVIEW/LISK-BLOCKCHAIN-APPS.png

**Step 3 Getting Into the Nuts and Bolts of LISK!**
The sign up process seems easy enough.  It uses the basic passphrase key that I have seen before on other Bitcoin wallets.  They even offer a secondary passphrase for more security, **however the only thing missing here was the 2FA security!**  After seeing what happened with STEEMIT because they did not have 2FA, this could be a big problem for Lisk if they don’t get their security act together soon!.

https://raw.githubusercontent.com/horsecoin/STEEMIMAGES/master/LISK-REVIEW/LISK-Login.png

No 2FA, only a 2nd PASSPHRASE (potential security attack vector?)

https://raw.githubusercontent.com/horsecoin/STEEMIMAGES/master/LISK-REVIEW/LISK-2nd-passphrase.png

**Step 4 time to send a transaction**

Now I have a brand new Lisk web wallet, time to fund it!  Alright I am getting smarter at this.  I plan on sending a small amount, but how much is not too small?  This made me nervous so I signed up for the lisk live chat https://lisk.chat.
After a little confusion I found my deposit wallet, the number under my username that ends in L.  With that in mind I decided to send .5 LSK to my new web wallet.  What, to send .50 it will cost me .10?  O.K. so I still need to test it so I sent the .40 and .10 fee! I fiddled around a few seconds and checked the web wallet and sure enough I saw it flashing in and out on my screen.  I have to admit it did look a little buggy because my balance would say .40 , and then say 0 .  

https://raw.githubusercontent.com/horsecoin/STEEMIMAGES/master/LISK-REVIEW/LISK-CHAT.png

**Step 5 Time To Test Out The Big App!**
After browsing around the web wallet I noticed a link called Forging.  I clicked on it and it said there was a 25 Lisk fee to become a Delegate so you could forge.  It shows you can earn LISK by being one of the 101 Delegates.  It is all a bit complex, but I thought I aught to try it out.  So I sent some about 26 more LSK over so I could become a Delegate.  I clicked the button to buy in and because my balance kept appearing and dissapearing the transfer failed the first few times.  I almost was about to give up and then, bam it finally went through, 25 Lisk so now I am a delegate, however I have not even seen my name on the list yet.  Next there is a tab to vote on delegates, but this was going to cost 1 more LSK per vote so I decided to stop there until I could find out what the heck was going on.

https://raw.githubusercontent.com/horsecoin/STEEMIMAGES/master/LISK-REVIEW/LISK-FORGING-DELEGATE.png

**Step 6 Time to Withdrawal Our Dark Horses** 
Time to test the withdrawal process.  For my first transaction withdrawn, I decided to go with 1 LSK.  Mainly that is all I had left after spending the 25 on becoming a Delegate.  So I sent the 1 LSK, and there was a .10 fee so in total I sent .90, and then I waited, and waited, and chatted, and waited, until I finally decided to send support a message.  It turns out Bittrex does not show you the deposit until it is over 1 whole coin, so my .90 was not cutting it.  This was driving me steaming nuts at this point.   Now I had to send some more LSK over to the web wallet just to get my 1 LSK back.  So since the TX fee is always .10 I decided to send 5 over and then send them all back and be done with this for a while.  This is where I am now, still chatting, and waiting, and so while I wait I FOMO’d all the rest of my LISK into some STEEM, and my adventures in LSK are over for the time being.

**Step 7 Take A Deep Breath and Breath**
All in all, is it over for LSK?  No quite the contrary.  I still think there is a lot of potential with the platform.  There are quite a bit of improvements to be made with the web wallet.  I Still have not got the last 5 LSK back, but I will update in the comments when I finally get this squared away.  Below I will post the transactions from this article.

https://raw.githubusercontent.com/horsecoin/STEEMIMAGES/master/LISK-REVIEW/LISK-TXs.png

https://raw.githubusercontent.com/horsecoin/STEEMIMAGES/master/LISK-REVIEW/TX2.png
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vote details (13)
@herewerock · (edited)
$0.07
Nice post. :) You might want to check out other [lisk wallets option here](https://cryptoverze.com/best-lisk-wallet/) as well!
πŸ‘  
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vote details (1)
@jadenalexandra ·
Great post! I linked it on one of my own, [Microsoft, Azure, IoT, and Lisk at First Glance - Why I Can't Stop Looking Into It and a Shout Out to Stratis](https://steemit.com/lisk/@jadenalexandra/microsoft-azure-iot-and-lisk-at-first-glance-why-i-can-t-stop-looking-into-it-and-a-shout-out-to-stratis).
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@peace9 ·
$0.02
Good article
πŸ‘  
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vote details (1)
@ph111p ·
$0.05
I think lisk is going to the moon
πŸ‘  , ,
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vote details (3)
@steem3thr ·
$0.23
Did you know that if you put Lisk in your Lisk wallet and vote for 101 delgates you receive free Lisk(money!)!? 
You can earn 22.6% interest per month if you specifically vote for these members: http://howtoearnlisk.tk/#votingrounds
https://steemit.com/lisk/@cryptomcat/you-own-lisk-why-not-forging-it-it-s-really-simple-how-to
πŸ‘  
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vote details (1)
@coininstant ·
Wow, I did not know about that, thanks! I will take a look!
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@wojooo · (edited)
$0.02
must give some time this platform, it has huge potential
πŸ‘  
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vote details (1)
@coininstant ·
LISK is very exciting, I am going to keep working at it, there is so much to learn!
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@coininstant ·
14 Hours later, the Last 5 LSK never showed up yet on my exchange wallet?  Still waiting.
Might update with some more screenshots later.
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