Lisk mainnet launch set for August 29
Lisk, the decentralised blockchain platform which is also a cryptocurrency (LSK), has scheduled late August for its mainnet launch.
“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).
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.
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.
The announcement was well-received on Thursday, with Lisk trading rising by 26.5% and LSK moving near $3.40.