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Lisk FAQs - Learn more about LSK
Lisk FAQs - Learn more about LSK

How get started with Lisk (LSK) in Exodus. Protect your Lisk (LSK) in your Exodus wallet by Initializing your Lisk (LSK) address.

Updated over a week ago

Everything you need to know about Lisk (LSK) inside of Exodus.

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In this article:

What is Lisk's minimum balance?

To prevent the creation of dust accounts, which can cause a burden on the network, Lisk implemented a minimum balance.

The minimum balance of a Lisk account is now 0.05 LSK. This amount can't be sent or exchanged.

What is an uninitialized Lisk address?

Like other blockchain technologies, Lisk uses a unique public key to act as your receiving address.

An uninitialized Lisk address is when you have received some LSK to your address, but you never sent any LSK out of your address.

What is an initialized Lisk address?

An initialized Lisk address is when you have received some LSK to your address, and you have sent at least one LSK transaction out of your address. You only need to initialize your address once.

Why should I initialize my Lisk address?

When you first receive some LSK to your address, your address becomes uninitialized.

An uninitialized address doesn’t tell the blockchain what the public key is to your Lisk funds.

This allows someone to try and initialize your public key on the blockchain before you do. There is a very small chance, but if someone beats you to it, then they will have access to your funds.

By initializing your Lisk address as soon as you receive any amount of Lisk, you immediately tell the blockchain that the funds on your address are yours. No one can take them from your address after this point.

How do I protect my Lisk address in Exodus?

The easiest way to protect your Lisk address is to send any amount of Lisk out of your wallet.

In Exodus, your wallet will detect automatically if you have an uninitialized address or not.

If your Lisk address is not initialized, your wallet will prompt you to Activate Lisk Address. Just click/tap Activate, and your Exodus wallet will send itself a small amount of LSK to initialize your address.

Activating your Lisk address will incur a 0.1 LSK network fee.



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