Lisk Week in Review – 68

by admin · Published August 10, 2021 · Updated August 16, 2021

Featured in this new edition of Lisk Week in Review:

August 21st, new date for Lisk Mainnet migration
Community meetups are back!
Food for thoughts from Lisk research forum
Community discusses the role of exchanges with Lisk Mainnet V3
Lisk Delegate overview for the past week

August 21st, new date for Lisk Mainnet migration

Last week, a bug blocked Lisk blockchain for a few hours. Developers immediately faced the issue and pushed the new code on Github. Lisk SDK 2.3.9 and Lisk Core 2.1.7 fixed the bug, with Lisk Migrator 1.0.1 integrating the changes for full compatibility with those versions.
For this reason, LiskHQ re-evaluated the target block height and estimated time of migration for Lisk Core v3.
In order to avoid any delay, the team anticipated it to August 21st.

Community meetups are back!

On August 12th, Moosty team will start a new series of Lisk community meetups in Discord. The first guest is Endro, winner of the #HackOnLisk hackathon.

Food for thoughts from Lisk research forum

LiskHQ researchers introduced 2 new LIPs. The proposals introduce the specs for the validators module, which determines the eligibility of a validator for generating a block, and the fee module handling the fee of transactions.

Community discusses the role of exchanges with Lisk Mainnet V3

Can we expect to see exchanges running multiple delegates?
This interesting debate is getting hot on #delegate-discussions channel in Discord. According to some community members like punkrock, big exchanges with up to 20 million LSK could easily reserve 10 forging slots.
Allocating most of the funds in staking would bring some risks and consequences. The LSK tokens used for self-voting are locked for 30 days, while voting accounts have to wait 6 hours to get access to their funds. In case of a bug, funds would be locked for 30-90 days, and this scenario would create dramatic consequences if holders would like to withdraw all the assets.
Other members believe that exchanges can add Lisk in their staking section, pointing out the consequences and letting users take full responsibility. In this case, there might not be direct drawbacks and exchanges could run dozens of delegates.

Delegates’ Overview

According to Lisk Monitor, Lisk delegates gained millions of LSK votes this week. GDT gained about 470 million LSK, while individuals received over 810 million votes. Each forging delegate got about 14 million LSK each. This massive inflow is probably linked with exchanges’ operations.
GDT announced that it will close its doors with the upcoming Mainnet migration. Last payout will be executed on August 14th. Everyone with 0.1 LSK or more in pending will receive the last payment.