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Lisk transforms into Ethereum Layer 2, airdropping LSK!

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Post time 23-12-2023 21:04:36 | Show all posts |Read mode
This year, the Layer 2 track has become a focal point of competition in the cryptocurrency industry, with various emerging Layer 2 protocols such as Coinbase's Base and Blast entering the scene, presenting a competitive landscape. On the 15th, Crypto.com's centralized exchange introduced the second-layer blockchain Cronos zkEVM, actively entering the Layer 2 track.

Following closely, on the 19th, Lisk, founded in 2016 as a first-layer blockchain solution, announced a partnership with Optimism and Gelato for a transformation into Ethereum's second-layer network. The testnet is expected to be launched in the first quarter of next year, followed by the mainnet. It's noteworthy that the Lisk team claims that the costs on their new network will be reduced by up to 90% compared to the Ethereum mainnet.

Max Kordek, co-founder of Lisk, stated, "Integrating into the Ethereum ecosystem and aligning with industry standards will help us achieve our goal of making blockchain technology more widely accessible."

Lisk's focus on Real World Assets (RWA), Off-chain Assets (OCA), and Decentralized Physical Infrastructure Network (DePIN) solutions stands out in its transition to the Ethereum second-layer network. The emphasis is on addressing local issues in emerging markets.

The specific implementation of this transition involves integrating the open-source OP Stack developed by Optimism and the Rollup-as-a-Service (RaaS) platform provided by Gelato. Through collaboration with Gelato, the Lisk team can quickly deploy the OP chain without the need to write any additional code.

Regarding Lisk's adoption of OP Stack, Ben Jones, Chief Scientist of the Optimism Foundation, commented, "Lisk's move to OP Stack highlights our belief that Layer 2 is the way to scale Ethereum and the entire blockchain."

In collaboration with Gelato, Dominic Schwenter, Chief Product Officer of Lisk, pointed out, "Using Gelato's Rollup-as-a-Service platform allows Lisk's development team to focus on building products and tools that developers and end-users love, while also supporting the development of the Superchain."

As part of the transition, Lisk will migrate its LSK tokens to the Ethereum ecosystem to increase token availability in various decentralized applications and DeFi protocols.

Furthermore, to incentivize activity on the new chain, Lisk plans to conduct an initial airdrop of LSK tokens. Specific details of the airdrop plan will be announced before the mainnet launch.

Lisk will join the Optimism Superchain, collaborating with platforms such as Optimism and Base, becoming the first-layer blockchain to participate in the shared vision of the Superchain. The Lisk team will actively engage in the underlying development of Superchain. Joining Superchain and committing to the "Law of Chains," an open and neutral framework, aligns with Lisk's original vision of contributing to the future of Web3. This strategy is critical for creating a seamless developer and end-user experience, essential for driving the industry towards widespread adoption.

Ben Jones of the Optimism Foundation also expressed support, stating, "We are excited that Gelato, as Lisk's RaaS provider, has expanded support for the Superchain, making it easier for developers to bring new users into the Superchain ecosystem."
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Post time 23-12-2023 21:08:29 | Show all posts
Airdropping these things all day long, I think it's just a way to raise money.
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Post time 23-12-2023 21:11:12 | Show all posts
Airdrops are necessary, after all.
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Post time 24-12-2023 06:49:25 | Show all posts
It's essential to understand the changes in airdrops as well.
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