The Lisk Core 1.0 Mainnet is Live - Bitsonline

The Lisk Core 1.0 Mainnet is Live

The Lisk Core 1.0 mainnet is live as of August 30th. The migration commenced on the 29th. The public blockchain platform that allows users to develop decentralized blockchain apps hard forked at block height 6,901,027.

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Zug-Based Lisk Foundation Starts New Era

The Lisk Foundation, based in Zug, Switzerland, is managed by the German tech company Lightcurve. On the success of the migration to the mainnet, Lisk Co-Founder and Lightcurve CEO Max Kordek said:

“Today marks the beginning of a new era for the Lisk community. The road to innovation is rarely smooth, and we have taken a methodical, measured approach to our development phase, taking no shortcuts along the way. It is with a great sense of collective pride that we officially announce the release of Lisk Core 1.0, an achievement that reaffirms our ambition to be the enablers of innovation in the fast evolving blockchain ecosystem.”

Lisk’s blockchain, powered by Lisk (LSK) tokens, boasts over half a million lines of code and is written in JavaScript. The Lisk Sidechain Development Kit (SDK) was created to enable developers to build powerful and scalable blockchain applications. Developers can even deploy their own custom tokens on the Lisk Core 1.0 network. Lisk is a potential rival to Ethereum, and has the added benefit of being built on JavaScript, a language familiar to most developers (unlike Ethereum’s Solidity).

The move to the mainnet involved incorporating additional technologies and updates. According to the foundation’s CTO Oliver Beddows, the team “developed 41 versions of Lisk Core in our relentless efforts to keep improving scalability and stability of the future ecosystem of blockchain applications”.

The completion of the migration was announced on Twitter:

Sidechains a Key Feature of Lisk Core 1.0

Lisk’s use of sidechains is one of its principal identifying characteristics. The foundation envisages enterprises and organizations being able to build their own sidechains on top of the Lisk blockchain with minimal technological expertise.

According to the foundation’s website, companies will be able to create white label blockchains for their own use, using Lisk Commander to help them “create a cryptographically-secure genesis block or bundle vital sidechain components.” Lisk tokens will be the currency enabling enterprises to use the main blockchain to host their sidechains.

Lightcurve’s intention in the future is to assist promising blockchain projects within the Lisk Ecosystem. As Kordek explained on the launch of the mainnet, “This is the latest stage in Lisk’s mission to simplify the creation of blockchain applications, democratize blockchain, and extend the technology’s benefits to everyone.”

Lisk Core 1.0

The Lisk blockchain went down in early June due to a bug that developers scrambled to fix. The unfortunate halt to transactions followed a rebranding of the DApp platform earlier on in the year at an event in Berlin a number of attendees described as underwhelming. The Lisk Foundation kicked off with a March 2016 ICO that raised over 14,000 bitcoin.

Sound off below. Do you see a big future for Lisk? Does it meet a market need better than NEO or Ethereum?

Images via Pixabay

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