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Showing posts from August, 2021

Lisk announces arrival of ‘new era’ after successful completion of migration to Lisk Mainnet v3

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The Lisk Mainnet v2 completed the migration to Lisk Mainnet v3 on August 21, which is the biggest protocol change in Lisk blockchain history, Lisk wrote on their website. Features of the 'new era' include an extremely secure new account address system, up to 98.64% cheaper transactions after moving to a dynamic fee system, and ensured full immutability of transactions. Migration eliminates all weaknesses of the Lisk Mainnet v2 The migration eliminates all weaknesses of the Lisk Mainnet v2 related to accounts, the consensus algorithm, and fees. The blockchain is now almost fully prepared for the upcoming interoperability release. With v3, the new account address system is extremely secure with built-in error detection for typos. This does away with the need for account initialization. The previous address and ID system was retired and all current accounts were migrated. As a result, addresses have become longer, virtually eliminating the risk of address collisions and making sur...

Meet Your Neo Council Community Candidates

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With the launch of N3, the Neo community has the power to elect a 21 member council to manage the Neo blockchain. The Neo Council will consist of council members and consensus nodes who provide services, maintain the network, and adjust critical blockchain params. NEO holders are rewarded with GAS tokens for successfully voting for a council member. Every NEO token is worth one vote, and it is important that you use your votes to elect candidates that you feel will best represent your values when making governance decisions. It is also important that you elect council members who have a solid understanding of the Neo blockchain and are capable of carrying out the responsibility of operating a council node. To ensure a smooth transition from Neo Legacy to Neo N3, the Neo Foundation has used its own NEO to vote in an initial Neo Council, comprising seven NF nodes, four Neo Global Development nodes, and 10 community run nodes. But from here it is all up to you. You may vote in or vote out...