Lisk Ends Lisk Chain Operations, Plans to Burn About 5.23 Million Unallocated LSK
JH Kim
Summary
- Lisk said it has officially ended operations of its proprietary blockchain, the Lisk Chain.
- The Lisk Portal and Lisk Bridge have been shut down, and the chain's remaining components are also being wound down in phases.
- It plans to burn about 5.23 million LSK that were not allocated to the staking rewards pool, while the LSK token will continue to be used as a loyalty token on the Ethereum (ETH) network.
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Lisk has officially ended operations of its proprietary blockchain, the Lisk Chain. It plans to burn about 5.23 million LSK that remain unallocated in the staking rewards pool.
Lisk said in a post on its official X account on November 2 that operations of the Lisk Chain ended on November 3. The Lisk Portal and Lisk Bridge have been shut down, and the remaining chain components are also being wound down in phases.
The LSK token will continue to be used as a loyalty token on the Ethereum network even after the Lisk Chain ceases operations.
Separately, Lisk plans to burn about 5.23 million LSK that were not allocated to the staking rewards pool.
JH Kim
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