After the recent unveiling of Lisk (LSK) MainNet at the end of August, things are looking up for the sleeping giant. The platform is among the youngest in the crypto verse and since its inception in 2016, a lot of development has taken place. The upgrade to v1.0 Core has seen addition of more features which are expected to increase its capabilities and give it a competitive edge in the market where technology keeps evolving.
Lisk (LSK) Call for Ambassadors
After their MainNet migration, Lisk is on a massive campaign to grow its brand across the globe. They are calling for those passionate about blockchain and Lisk in particular to join hands as ambassadors and grow the brand to the nest level. This appears to be the beginning of mass adoption campaign that is already bearing fruits.
This comes at a time when the coin is headed towards disruption the supply chain management. To achieve their goal, Lisk Academy has been announced and will see the coin add to its growing list of use cases. VeChain (VET) has been leading in the sector and entry of Lisk will make the market more competitive with the consumer set to benefit immensely.
Prior to the MainNet, the developer team indicated what the newer version was all about through their official bog:
“Here at LiskHQ, we’re buckled down and working hard in preparation for the upcoming Lisk 1.0.0 migration on Mainnet on August 29. All of the components of the Lisk ecosystem — Lisk Core, Lisk Elements, Lisk Commander and Lisk Hub — are all being updated and aligned with one another for the big migration. In addition to this, the Lisk Core team is also working on future releases.”
The pomp that followed the announcement appears to have eased off after the market crashed early September just immediately after the migration and this appears to have drained the gains the coin had gathered. However, the coin is poised for a better Q4 with developers shifting base from Ethereum to shiny and scalable platforms.
Ethereum Fall Outs Benefiting Lisk (LSK)
The recent sell-off from by ICOs and dApps from Ethereum have seen similar but competing outfits benefit and Lisk is one of these. The platform has a better value proposition and storing dApps on the side-chains ensure there is not network congestion making it one of the preferred destinations.
The Ethereum’s scalanilityghost has been a huge problem and the sooner it is fixed the better as this will retain some of the existing developers. At the moment, Lisk should be having a field day in bringing onboard those leaving Ethereum.
The upgrade ushered in platform SDK developer tool that allows development of apps independent of the main-chain making it easy for deployment of tokens on the ecosystem.
The Lisk co-founder, Max Kordek added:
“Today marks the beginning of a new era for the Lisk community. The road to innovation is rarely smooth, and we have taken a methodical, measured approach to our development phase, taking no shortcuts along the way. It is with a great sense of collective pride that we officially announce the release of Lisk Core 1.0, an achievement that reaffirms our ambition to be the enablers of innovation in the fast-evolving blockchain ecosystem.”
The recent developments have seen the coin price start to appreciate and the last 24 hours have seen the LSK coin make gains of 6.82% to trade at $3.59 and rank 23rd by market cap. The price is set to surpass their goal of hitting the $5 threshold this year.