Lisk to Launch Lisk Core v.4.0.6 on May 8th

Lisk has announced the release of Lisk Core v.4.0.6, which introduces the shutdown-node plugin. This plugin is designed to automatically shut down nodes after the L1 mainnet snapshot at block height 24,823,618 is finalized. This signifies the end of the Lisk L1 mainnet and the L1 LSK tokens, which will no longer exist.

Refer to the official tweet by LSK:

LSK Info

Lisk (LSK) is a blockchain application platform that was established in early 2016. It was created by Max Kordek and Oliver Beddows, and it's based on its own blockchain network and token, known as LSK. The goal of Lisk is to make it easier for developers to build blockchain applications in JavaScript and to deploy their own sidechain linked to the Lisk network.

Lisk aims to solve the problem of network congestion and scalability on the blockchain by implementing sidechains, which are essentially parallel chains that carry the load of running decentralized apps. The sidechain concept allows developers to create customizable blockchains for their own specific set of rules, without affecting the performance of the main blockchain. This way, every decentralized application runs on its own blockchain, reducing the load on the network.

Additionally, Lisk offers a Software Development Kit (SDK) that simplifies the process of building and deploying blockchain applications. With this approach, Lisk hopes to make blockchain technology more accessible to developers and to speed up the adoption of the technology across various industries. It also provides a unique consensus protocol known as Delegated Proof of Stake (DPoS), where stakeholders can vote for delegates to secure the network and validate transactions.