Lisk mainnet launch set for August 29

August 17, 2018
Chris Wheal

Lisk, the decentralised blockchain platform which is also a cryptocurrency (LSK), has scheduled late August for its mainnet launch.

Lisk will launch on the mainnet in 12 days’ time

“We are very happy to announce that the major release of Lisk Core 1.0 is ready to reach the main network, Mainnet,” an announcement issued on Thursday read. “The migration of Lisk Core 1.0 to Mainnet will happen when we reach block height 6,901,027 at the end of round 68327.

“We expect this block height to arrive on Wednesday, August 29, no sooner than 11:00 AM CEST (Important: all the times are approximate).

“Lisk Core 1.0 comes with a new API design, a new P2P communication layer, and additional features such as an entirely new data field that provides you with the option to include a custom message with your transaction. It also includes atomic block writes, structured test suites and code migrated to JavaScript ES6.”

The migration of the new Lisk Core 1.0 will leave behind Lisk Core 0.9.16. The Lisk team advises traders to avoid making any transactions during the 24 hours prior to and after the migration.

Although Lisk is decentralised so anyone can interact with the blockchain at any time, the developers also recommend that exchanges pause withdrawals and deposits 24 hours prior to and after the migration as well to ensure a smooth transition.

Opting for JavaScript

Lisk allows users build their own blockchains and is a DApp platform, deploying sidechains and an open-source Software Development Kit (SDK) with built-in back-end, front-end, sidechain and consensus algorithm for developers to plug and play, focusing on product details instead of blockchain infrastructure.

The ecosystem plans to allow blockchain visionaries to run and build their own initial coin offerings (ICOs) directly on Lisk, and to communicate with other blockchains on the network.

Lisk founders Max Kordek and Oliver Beddows

Lisk founders Max Kordek and Oliver Beddows

Unlike Bitcoin core which is primarily written in C++ and Ethereum which is based on Solidity, Lisk founders Max Kordek and Oliver Beddows designed their platform to target the vast number of developers worldwide who use JavaScript, flattening the learning curve and speeding up on the onboarding process to grow the Lisk ecosystem.

Kordek and Beddows also opted for JavaScript because of its steady support from big tech companies, such as Google and Microsoft. Lisk’s third-party developers can include descriptions, categories, icons and tags in addition to a name to identify their products.

The announcement was well-received on Thursday, with Lisk trading rising by 26.5% and LSK moving near $3.40.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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