Analyzing the Use Cases & suggestion Procedures for Lisk Smart Contract Functionality

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Hello everyone,

I am diving into the world of Lisk & am interested in understanding the smart contract capabilities it offers. As I start to explore the potential applications; I am looking for insights into best practices for developing and deploying smart contracts on the Lisk network.

What tools and frameworks are advice for smart contract development on Lisk? Any tips on optimizing the development workflow??
What security best practices should be adhered to when coding smart contracts in order to make sure they are reliable and secure?
Can anyone share examples or case studies of successful smart contract implementations on Lisk? How were they designed and what problems did they solve?

As well, I found these resources when doing research on this; https://forum.lisk.com/t/lisk-burn-or-allocate-rescheduling-is-bad witch is good & if anyone have any resources, tutorials or personal experiences please share with me, It would be greatly appreciated!!

Thank you… :grinning:

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Hello Ella,

Welcome aboard. :wave:

Lisk is fully EVM-equivalent so it has the same smart contract capabilities as Ethereum.

In terms of the best tools and frameworks, development with the following are recommended:

In terms of security practices:

  • Starting with pre-audited smart contracts from OpenZepplin or Thirdweb where ever possible.
  • Utilizing tools like Diligence Fuzzing from Consensus
  • Careful iteration on devnets/testnets
  • Seek professional auditing before aiming towards production

Which contracts have been successful so far on Lisk?,
It’s still very early in the rollout and we haven’t yet reached our user launch. Already though, the LSK token contracts and Lisk DAO contracts were successfully launched which secured over $100 million dollars in user balances from the original L1 Lisk network and allowed users to participate in governance. A recent NFT launch, Lisk of Life was also quite popular.

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In addition to what @EdwardT has said so far.

I think as for real-world use cases, check out Lisk Service and Lisk DAO prototypes, they showcase modular designs that solve governance and data indexing challenges.

Also, the forum post you linked is solid, and the [Lisk Discord] (Lisk) has some active devs who can go deeper.

Good luck! Building on Lisk = building for the long haul. :flexed_biceps:

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Lisk of life reached somewhere around 100 dollars because lisk team promised something special for it’s holders but it turned out that they received nothing in return and had to sell it for few cents. I don’t know how much worth is lisk of life NFT now but I think it must be worthless garbagio.
Ellaadams please build something on lisk that will be worth more than lisk itself.

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