Lisk Week in Review – 67

by admin · Published August 3, 2021 · Updated August 6, 2021

Featured in this new edition of Lisk Week in Review:

Save the date: 24th August – Lisk Mainnet migration!
Lisk Desktop v2 included in the last batch of tech updates
Announced HackOnLisk participants and winners
Lisk Delegate overview for the past week

Save the date: 24th August – Lisk Mainnet migration!

After the successful Lisk Testnet v3 migration, we are pleased to announce the Lisk Mainnet v3 migration will occur on the block height 16,301,501 which will be reached approximately on 24th of August.

This announcement represents the culmination of years of high-quality delivered updates!
The upgrade will embed several new features and improvements, as well as a new consensus:
– Secure address system;
– new DPOS, driven by new voting logics to expand the forging rights to 2 rotating standby delegates
– multisignature accounts to safely store the LSK with a more robust key management infrastructure;
– dynamic fee system to drastically reduce the transaction costs;
– modular architecture written in typeform.

Lisk Mainnet v3 will include all protocol improvements introduced with the Lisk SDK 3.0.0, 4.0.0, and 5.1.0.
To execute a smooth and lean migration, there will be a one-week transitional period, where existing delegates will secure the blockchain before the great reset.

Current Mainnet delegates have to upgrade the full node to Lisk Core 3.0.0 following this guide.
Hardware wallets will not immediately support the new version, and LiskHQ suggests transferring the LSK tokens to a regular Lisk account.
Lisk.Observer and LiskScan.com will act as community explorers, with the official one embedded into Lisk Desktop.

Do not transfer any LSK tokens during the migration day.

More info about Lisk Mainnet Migration is here, and these are the actions required for the upcoming Mainnet Migration for different stakeholders.

Lisk Desktop v2 included in the last batch of tech updates

This version implements support for Lisk Core v3 and the upcoming features, but do NOT update to Lisk Desktop v2.0 before 24th August. To access Lisk Mainnet you still need to use Lisk Desktop v1.28.2.
This is just the last of a series of updates released during July. As reported in the Achievement recap, LiskHQ delivered 13 new releases, with respectively four on Lisk SDK and Lisk Core, and three related to Lisk Desktop.

Announced HackOnLisk participants and winners

The competition, launched during Lisk.js 2021, involved 13 amazing projects. Founders experimented with stablecoin, NFTs, gambling, and various applications.
Congrats to Journals by Endro, Lisk RBAC by Adrian Hupka; and Mynt by Frank Jia for winning respectively 1° ($10k), 2° ($8k), and 3° ($5k) prizes!

A new edition of HackOnLisk is planned later this year, but developers can always ask for economic and tech support via the perpetual Lisk Grant Program (up to CHF 60k).

Delegates’ Overview

According to Lisk Monitor, Lisk delegates lost more votes for this week than last week. GDT lost about 193 million LSK, while individuals lost over 329 million LSK. Forging delegates also lost more votes than the previous week. Each forging delegate lost about 5.8 million LSK each.
This massive outflow can be probably explained by exchanges’ actions, which started moving out the delegations in order to be ready for the upcoming Mainnet migration.