CEO Max Kordek
Max Kordek

Lisk launching enhanced blockchain ecosystem

Blockchain application platform Lisk announced several moves this week they hope will lead to its widespread adoption.

A stabilized mainchain brings significant advancements to the Lisk ecosystem, the company said. Now that they are a truly decentralized and trustless blockchain, delegates can control their own nodes without supervision or governance by others. All delegates are now operated by 101 community members.

Delegates can also forge blocks and be rewarded for doing so. The activation of those rewards means LSK holders can opt to either keep their income or reinvest it into proposed community projects on Lisk’s network. Lisk believes friendly competition will ensue as users vie for votes in hope of becoming one of the top 101 delegates.

CEO Max Kordek
CEO Max Kordek

“This achievement bolsters Lisk in a big way, and parallels most of the very reasons blockchain technology exists – to allow greater financial freedom, to reward network contributors, to heighten the peer to peer experience, and to do away with a central point of authority,” CEO Max Kordek said. “We’ve created opportunities for the strongest Lisk supporters to enter the top 101, earn LSK forgoing rewards, and give back to the system through their own proposals.

“To be part of a decentralized community is appealing in its own right but building a decentralized system with active delegates is something entirely different.”

Lisk has prepared a five-stage roadmap that will guide their actions for the next few years.

  1. Inception – mainchain stabilization, merging of Lisk-CLI into the Lisk App SDK, and stabilization of the Lisk App SDK
  2. Resilience – rebranding, lisk daemon, list app SDK modularization, basic application features, mobile clients, and code rewrite
  3. Expansion – advanced application features, smart conflict support, and third party technology support
  4. Ascent – focus on trustless blockchain applications by proof of stake and security, optimization scalability and consensus changes
  5. Eternity- governance
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