Lisk Mainnet V3 Migration Announced

A cryptocurrency aiming to serve as a platform for decentralized applications, LISK, announced its Mainnet v3 migration.

After the successful Lisk Testnet v3 migration, Lisk Mainnet v3 migration will occur on the block height 16,301,501 which will be reached approximately on 24th of August. All product dependencies, namely Lisk Core 3.0.0, Lisk Service 0.4.0, Lisk Desktop 2.0.0, Lisk Migrator 1.0.0 are now ready for production.

The Lisk Mainnet v3 will offer a wide range of new protocol features and improved performance. With the Lisk Mainnet migration within reach, the next Steps for Lisk Development involve the implementation of our interoperability solution.

The pre-migration delegate selection will persist until the block height 16,363,301 which will be reached approximately one week after the Lisk Mainnet v3 migration. Your new votes will only be applied once the new Lisk Mainnet has been running for a period of one week. This delayed transition ensures that the network is still performing correctly as we implemented a change in our delegate selection mechanism.

Lisk Mainnet Delegates Should Do

If you are a current Mainnet delegate you should definitely upgrade your full node to Lisk Core 3.0.0 in order to be able to continue forging new blocks after the Lisk Mainnet v3 migration. Full guide can be read here

Exchange and Wallet Providers

The Lisk Mainnet v3 migration will not be immediate due to the fact that once reach the above-mentioned block height, the full node will be waiting for an additional 201 blocks due to security reasons (blockchain reorganizations).  After that period of waiting has expired, a snapshot of the Lisk Mainnet v2 blockchain will be taken, and with all its information a new genesis block for the Lisk Mainnet v3 blockchain will be created.

Therefore, it is extremely important to stop all deposits and withdrawals during the day of the Lisk Mainnet v3 migration to ensure no funds will be lost.

For Users and Investors

The upcoming Lisk Mainnet v3 migration is only possible due to a multitude of new software releases. It’s the largest update to the Lisk Mainnet in its history, and likely one of the biggest updates to a running production blockchain ever. It’s important to mention that there won’t be any immediate support available for the Lisk Mobile and hardware wallets.

ABOUT LISK
Lisk is a blockchain application platform. We make blockchain accessible by creating a world in which everyone benefits from this technology.

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