Lisk Week in Review – 71

by admin · Published September 10, 2021 · Updated September 15, 2021

Featured in this new edition of Lisk Week in Review:

Hardware wallet support for Lisk Core v3
A New Era for Lisk
Tech and Research Updates
Lisk network in numbers

Hardware wallet support for Lisk Core v3

With the hard fork, Ledger and Trezor lost compatibility with the new Lisk network. LiskHQ is working to let users access their funds via Lisk Desktop v2.1.0.
Ledger and Trezor firmware have been updated by Hirish, and LiskHQ is pushing the integration on the vendor side. Once the firmware has been updated, Lisk Desktop v2.2.0 will embed the changes – passing through public beta, release candidate, then production release.

The upcoming Lisk Desktop v2.1.0 will include a quick fix proposed by Dakk. This workaround would allow hardware wallet users to access their funds through a custom derivation path during “Sign in with passphrase”; in this way, even if hardware wallets are not supported yet, users can access their funds using recovery passphrase.
Custom derivation path might become the default way to access Lisk Desktop: as reported by Hirish, today LSK holders have to enter the main passphrase to manage the funds. The seed represents the most important information and should be managed carefully, as little as possible.

With a backup protected by a password, users could comfortably access their funds without exposing their passphrases. LiskHQ is already analyzing this security approach, and the research team will publish final feedback on the forum.

A New Era for Lisk

This is how Max Kordek defines the period after Lisk Mainnet migration. The Emerald phase is concluded, and we are now in the Sapphire phase – focused on interoperability.

The increased number of products and services under management requires new people placed in key positions: the Development department will be split into SDK Development & Platform Development. The former focuses on making the Lisk SDK the industry standard for JavaScript blockchain application development and will be led by Shuse as Head of SDK Development.
The latter focuses on making Lisk (i.e. Lisk Core, Lisk Service, Lisk Desktop, Lisk Mobile) the most accessible blockchain application platform in the industry and will be led by Manu as Head of Platform Development.
As a consequence, Oliver will lead and supervise both departments as CTO.

A similar role change happens in the Marketing department, with Monica Tartau as the new Head of Marketing and Max fully focused on his CEO role.

Tech and Research Updates

On the tech side, Oliver reported a long list of updates.
Lisk SDK v6.0.0 now includes several new modules (BFTVote, Validator, DPoS, reward, fee, and others), with some of them reaching the implementation stage.
The next release of Lisk Core v3 will fix some CLI bugs, while Lisk Service v0.4.5 has been released to fix an issue in the calculation of unlocking periods. The implementation of Lisk Service v0.5.0 continues, with 24 issued closed and 8 remaining.

LiskHQ researchers published a new LIP on the Research forum: Introduce BFT module. This module is responsible for maintaining the consensus participants, their BFT weights, and all information related to the consensus votes that have been cast as part of the block headers.
At the same time, 3 LIPs were merged on GitHub: “Introduce Auth module“, “Define state transitions of Reward module“, and “Introduce chain registration mechanism“.

Lisk network in numbers

TVL: 16.7m LSK ($60.8m) | +32%
Total selfvotes: 2.4m LSK ($8.7m) | +9%
Total delegates: 1900 | +1.6%
101° voting weight: 106,220 LSK | +59%
Current max APR: 28%
(calculated as annualized forging rate, 30k LSK, divided by the total votes of the delegate in position 101th)