Lisk (LSK) is an EVM-compatible Layer 2 on OP Stack, focusing on scaling the blockchain with low cost and high speed.
The project transforms from a sidechain platform to a Layer 2 solution to serve real asset applications and decentralized infrastructure in emerging markets like Southeast Asia and Africa.
MAIN CONTENT
Lisk transitions to EVM-compatible Layer 2, strategic partnership with Optimism and Gelato.
Advantages of low cost, fast speed, and security inherited from Ethereum.
Focusing on developing practical applications on real-world assets (RWA) and decentralized infrastructure (DePIN).
What is Lisk (LSK)?
Lisk was originally a platform for building dApps using JavaScript on a custom sidechain, founded in 2016 by Max Kordek and Oliver Beddows.
By 2024, Lisk announces its transition to an EVM-compatible Layer 2, partnering with Optimism and Gelato, enhancing speed, cost, and scalability.
Currently, Lisk is developing applications on real assets and decentralized infrastructure networks, particularly targeting emerging markets such as Southeast Asia and Africa, while participating in Optimism's Superchain initiative with interconnected Layer 2s and an expanding development community.
Lisk project homepage
Lisk's journey:
2016: Started as a sidechain platform with JavaScript.
2023-2024: Participating in Optimism's Superchain network.
Q1/2024: Launching Layer 2 testnet.
Q2/2024: Launch testnet for developers.
End of 2024: Expected mainnet Layer 2 launch, opening a new era.
Today, we are excited to announce that Lisk will integrate with the Ethereum ecosystem as a Layer 2 (L2) in collaboration with Optimism & Gelato!
Max Kordek, CEO of Lisk, 19/12/2023, Twitter
Lisk Layer 2 – New goals, new vision
After years of operating as an independent Layer 1 blockchain, Lisk has chosen a Layer 2 development strategy built on OP Stack, focusing on scalability and performance to serve the booming blockchain market.
Lisk – Layer 2 built on OP Stack
Goals of Lisk
Lisk aims to build a cost-effective, high-speed Layer 2 focused on solving practical applications such as:
Real-world assets (RWA): Real estate, securities, collateral assets.
Decentralized Physical Infrastructure Network (DePIN): IoT sensors, Wi-Fi networks, smart traffic.
Financial services for emerging markets with limited traditional banking.
Long-term vision
Lisk not only aims to be an EVM-compatible Layer 2 but also strives to be a developer-friendly and user-friendly platform by inheriting the entire Ethereum ecosystem – Optimism, easily integrating DeFi, NFT, GameFi, and current Web3 solutions.
Inheriting tools and the Ethereum & Optimism community.
Freely develop diverse Web3 applications with Solidity, Hardhat, Remix.
Join the Superchain network consisting of various interconnected Layer 2s like Base, Zora, Mode.
Lisk's products
Lisk L2 Network: EVM-compatible Layer 2 secured by Ethereum, supporting high-speed Web3 applications at low costs.
Token LSK ERC-20: Main utility used for transaction fees, staking, governance, and DeFi.
Gelato Integration: Providing Rollup-as-a-Service, cross-chain bridges, Oracles, SDK API for developers.
Development program supporting the transition from Lisk SDK to the new EVM toolkit.
Lisk fully integrates Gelato's Rollup-as-a-Service infrastructure
Outstanding advantages of Lisk
Complete EVM compatibility with popular libraries like Web3.js, Ethers.js, Truffle.
Transaction fees are up to 90% lower than Ethereum Layer 1, becoming even more optimized when Proto-Danksharding is implemented on Ethereum.
High security thanks to inheriting the Ethereum network via OP Stack.
Multi-chain interoperability in Superchain linking various Layer 2s like Optimism, Base, Mode.
Focusing on serving emerging markets, addressing microfinance needs, real assets, and DePIN.
Strong ecosystem and community benefiting from Optimism's RetroPGF initiative supporting project funding.
Basic information about LSK and Tokenomics
Detailed information about Token LSK
Token Name: Lisk
Token Code: LSK
New consensus mechanism: Rollup-based security from Ethereum (previously DPoS)
Token Type: ERC-20 after Layer 2 transition
Total Supply: 400 million LSK
Circulating Supply: 145,444,085 LSK
Token LSK allocation
85% publicly issued through token sale.
8% allocated for the Lisk development team.
4% budget for bounty campaigns.
2% for advisors, partners, and third parties.
1% belongs to early supporters.
Lisk (LSK) Token allocation
Utility of the LSK Token
Payment of transaction fees and rewards on Layer 1.
Transactions and payments in DeFi applications.
Participating in staking and DAO governance on Layer 2.
Native token in the Lisk Layer 2 ecosystem.
Lisk's development team, partners, and investors
Development team
Lisk is developed by Lightcurve GmbH, based in Switzerland and Germany, with a team of about 23 technical members including many former Ethereum and IOHK engineers. CEO Max Kordek and CTO Oliver Beddows are co-founders of the project.
Strategic partners
Optimism: providing OP Stack & Superchain initiative.
Gelato: Rollup-as-a-Service and Web3 infrastructure.
Messari, Figment, OKX Ventures along with data partners like Chainlink and The Graph.
Investors
Currently no information has been disclosed about Lisk's funding round and official investors.
Summary
The shift from Layer 1 blockchain to Layer 2 on OP Stack shows that Lisk has a sustainable strategy aligned with Ethereum's scaling trend. The project focuses on developing practical applications like real-world assets and decentralized infrastructure, creating broad application opportunities in emerging markets.
Lisk Layer 2 promises to be a key component in the Superchain ecosystem, driving development for developers, users, and global Web3 projects.
Note: This article is for informational purposes only and is not investment advice.
Lisk will become an important link in the Ethereum Layer 2 ecosystem, creating a strong bridge between Web3 applications and emerging markets.
Max Kordek, CEO of Lisk, 2024
Frequently Asked Questions
What is Lisk?
Lisk is an EVM-compatible Layer 2 built on OP Stack, focusing on speeding up transactions at low costs.What role does the LSK Token play?
LSK is used for fee payments, staking, governance, and transactions within the Lisk Layer 2 ecosystem.Who comprises the Lisk development team?
Lisk is developed by Lightcurve GmbH, with CEO Max Kordek and CTO Oliver Beddows at the helm.Which market does Lisk serve?
Lisk focuses on the emerging markets of Southeast Asia and Africa, developing real asset applications and DePIN.What prominent partners does Lisk have?
The project collaborates with Optimism, Gelato, Messari, Figment, OKX Ventures, and decentralized data networks like Chainlink, The Graph.
Source: https://tintucbitcoin.com/lisk-lsk-la-gi/
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