Lisk Week in Review – 42

by admin · Published September 7, 2020 · Updated September 8, 2020

Featured in this news update: – Lisk halving in 20 days! – BTCECHO interviews Kordek: from initial mistakes to a promising future – Delegates’ overview Lisk halving in 20 days! Lisk protocol is now near to the final reward reduction, from 2 to 1 LSK. It will happen at block 13451520 and, according to this counter, it is expected to be forged on September 27th. This is the latest reduction, as the protocol started with 5 LSK per block and every year it slashed 1 LSK (4, 3, 2 and now 1). Check the documentation in Lisk website: https://lisk.io/documentation/lisk-protocol/blocks.html#rewards_and_fees To promote this event, delegate Korben3 launched a giveaway: retweet, comment, follow @LiskHQ and @korben32 for the chance to win 100 LSK, 50 LSK or 25 LSK.

On September 27th the lisk block reward will be reduced from 2 LSK to 1.
Retweet, comment, follow @LiskHQ and @korben32 for the chance to win: 100 lsk, 50 lsk or 25 lsk! Winners will be announced on September 28th.#giveaway #lisk #blockchain #halving #airdrop #cryptocurrency pic.twitter.com/fAaTTRJjFY — korben3 (@korben32) August 28, 2020

BTCECHO interviews Kordek: from initial mistakes to a promising future The article describes in details the main passages that brought Max and Oliver, Co-founder at Lisk Foundation, to fork Crypti and launch their own blockchain project. At the time, Max was attending electrical engineering courses and he was 24 years old, but this new adventure had so much potential that he dropped out of university. While Crypti did not raised the needed amount of capitals to develop the blockchain, Lisk’s ICO was a success and drove the project to an hype period that lasted about 2 years, bringing the LSK’s market cap to $ 1 billion and the Foundation’s funds to $ 200 million. The problems came up at the end of this euphoric wave: with 60 employees, a high portion of the annual expenses was represented by salaries and marketing costs – but limited efforts were addressed to develop a real working product. Other mistakes, such as the Relaunch Event in 2018, led to lose a huge part of the community: investors and supporters wanted to see a working product and the team only released some details about a new roadmap, nothing was given to developers and blockchain builders. Since that moment, they changed the approach of the company and focused on development, as demonstrated by the periodic activity on Github. “We are now moving from the alpha phase to the beta phase,” explains Kordek. Lisk also wants to work with larger companies and innovation labs by the end of 2020. When asked about the financing, Kordek confirmed that the money from the ICO will currently last for another four years; he doesn’t want VC funding and wants to stay independent with Lisk. “We just want to build a cool product and not primarily think about our listing on Coinmarketcap”, explains Kordek. Although he looks at the price every day, he is basically not interested in daily price fluctuations becase Lisk is in the construction phase and “as soon as we officially launch our platform, the trend will also get better”. Read the entire article in German or using the English translation. Delegates’ overview According to LiskMonitor, in the past week there was a small change of votes in delegates’ landscape: GDT gained 4 million LSK and individuals gained 4M votes. At the time of writing, up to 12 million LSK has moved from Ghosts to Hosts in the 3-month timeframe. At individual level, the most voted delegates are: robinhood [+372k], liskmagazine [+288k], lemii [+255k], liskpoland.pl [+267k], minions [+268k]. The biggest individual losses came up for acheng [-177k], grajsondelegate [-170k], panzer [-176k], mac [-174k], crolisk [-181k], bilibili [-176k], 4miners.net [-371k] and standy delegates in lower positions. Voting for Hosts, it is possible to receive 1 free LSK by minions (no action required, just vote the list).