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In a bold strategic move, Lisk, a pioneer in digital asset mining and high-performance computing infrastructure since 2016, has announced its integration with the Ethereum ecosystem as a Layer 2 (L2) network. This shift marks Lisk as the first Layer 1 (L1) blockchain to align with Optimism’s Superchainted to real-world assets (RWA), off-chain assets (OCA), and decentralized physical infrastructure networks (DePIN).
Powered by Optimism’s OP Stack and constructed on Gelato’s Rollup as a Service platform, the upcoming Lisk ecosystem chain is set to offer a web2-like experience with proven tools for developers. This shift marks Lisk as the first Layer 1 (L1) blockchain to align with Optimism’s Superchain vision.
Today, we are excited to announce that Lisk will integrate with the Ethereum ecosystem as a Layer 2 (L2) in collaboration with @Optimism & @gelatonetwork!
— Lisk (@LiskHQ) December 19, 2023
🏗️ Focused on solving local problems in Emerging Markets by bringing solutions around real-world assets (RWA), off-chain… pic.twitter.com/a05p5ldwEm
Reflecting on its seven-year journey, LLisk was an early advocate for scaling blockchains horizontally through a network of app chains, known as sidechains. Since Ethereum’s early days, Lisk has strived to enhance blockchain scalability and accessibility using JavaScript, making it more approachable for developers globally.
In 2023, the Lisk team embarked on expanding its product roadmap, delving deep into the current state of L1 and L2 ecosystems. Their findings, now public in a research report on Lisk Magazine, indicate that over 90% of transaction fees on L1 protocols are concentrated within the Ethereum network.
Strategic Collaboration and Upcoming Initiatives
The decision to migrate Lisk to an Ethereum L2Lisk’snitially met with internal resistance. However, after thorough exploration, the benefits became clear: aligning with Ethereum as an L2 could significantly benefit the Lisk ecosystem, accelerating its mission to democratize blockchain technology.
The team’s research underscored Ethereum’s dominance and the challenges in integrating with key Web3 infrastructure and services. Recognizing the industry’s evolution and the widespread adoption of standards like the EVM, Lisk’s vision adapts to these changes.
The Lisk Foundation has confirmed the transition to an L2 built on Optimism’s OP Stack for 2024. Lisk will transition from an independent L1 to a unified collective upholding open, decentralized blockspace. This alliance echoes Lisk’s vision for accessible infrastructure and tooling, crucial for Web3 adoption and attracting the next billion users.
This move will enable developers to access significantly cheaper fees than on the Ethereum Mainnet, with further reductions expected once Proto-Danksharding is implemented. As blockchain technology continues to evolve, Lisk’s infrastructure and Web3 services, ensuring a production-ready ecosystem chain for various use cases from day one.
In line with its commitment to addressing local issues in Emerging Markets, Lisk’s L2 will focus on bringing blockchain solutions to these regions. It aims to empower builders in these markets with a cost-efficient, scalable network secured by Ethereum, alongside grant funding, mentorship, and community support.
Migrating Lisk to Ethereum Ecosystem: A Game-Changer
This strategic migration brings several advantages to the Lisk ecosystem such as Enhanced Security, EVM Compatibility, Access to Development Resources, Seamless Token Integration, Exchange Listing and DeFi Participation.
The Lisk Foundation’s decision to join the Superchain ecosystem aligns with its mission to scale Ethereum and overcome fragmentation in the blockchain space. As part of this collective, Lisk benefits from collaborative efforts and contributes to the ecosystem’s growth.
In terms of the original Lisk L1, the Foundation is working with the Lisk community team Moosty to transition it into a community-driven project under a new brand. The Foundation will provide technical and financial support to ensure a sustainable future for Lisk L1.
Lisk’s integration with Ethereum as an L2 marks a significant milestone in its journey, promising to enhance its ecosystem’s capabilities and reach. As blockchain technology continues to evolve, Lisk’s strategic pivot positions it at the forefront of this dynamic industry.