Lisk, a blockchain application and sidechain platform, has announced that it has successfully launched the Lisk network and deployed Lisk v0.3.0 to the public.

Lisk v0.3.0 is the first cryptocurrency that puts into practice the concept of using ‘sidechains’ to infinitely extend the scalability of a digital asset ecosystem without affecting the speed or performance of the core blockchain. Sidechains are nothing but independent cryptographic ledger that attaches to the main blockchain, without impacting its speed or security.

“It has been five months since we begun our journey into building a competitive blockchain application platform. With this release we are finally ready for the massive crypto-currency community”, Lisk said in an online post.

Following $6.5 million crowdsale, Lisk said that it has deployed the first truly scalable cryptocurrency, with JavaScript compatibility and infinite ability to add new features via sidechains.

The Lisk vision is to have a highly scalable public blockchain where decentralized, blockchain based applications can be programmed, without the need to learn the complex languages of individual blockchains. JavaScript was chosen due to its huge, global base of developers that can adapt existing applications or create new ones by utilizing Lisk’s SDK and extensive documentation for rapid development of blockchain applications and sidechains.

“Lisk blockchain apps can be built from the ground up in pure Javascript and take advantage of the powerful Lisk APIs. In addition, every app is running in its own sidechain to ensure that Lisk itself is safe”, the website reads.

Calling the platform as “utterly unique”, co-founder and CEO Max Kordek emphasized that there is no public cryptocurrency platform which enables developers to easily deploy their own blockchain and build a JavaScript blockchain app on it.

“This will give millions of developers the ability to create their own sidechains, particularly around consumer applications, including games, social networks and the Internet of Things, but the same core functionality can also be used to develop and scale business applications”, he said.