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