Lisk (LSK) Announces Migration to Ethereum as Layer-2 Scaling Solution
Lisk’s Move to Ethereum
Lisk (LSK), a delegated proof of stake (DPOS) protocol, has revealed its plans to migrate to Ethereum as a layer-2 scaling solution. According to the update shared on its official X account, Lisk will collaborate with Optimism and Gelato Network to achieve its layer-2 plot.
Advancing Key Value Protocol
The push to Ethereum aims to advance Lisk’s key value protocol, bringing real world assets (RWA) to emerging markets. Additionally, the switch to Ethereum will optimize its plans to provide a decentralized physical infrastructure network (DePIN) on-chain.
Lisk’s Uncommon Transition
The transition from a full-blown layer-1 to a layer-2 protocol is uncommon. However, the ease of implementing the move, as provided by Optimism, makes the transition easier. Lisk is set to become the first L1 blockchain to join other protocols like Base to contribute to the Optimism Superchain, utilizing OP technology stack.
Contributing to Web3
By committing its developers to the development of Optimism Superchain, Lisk is aiming to advance the vision of contributing to the future of Web3. It believes its contributions will drive mass adoption in the industry in the long term.
Lisk Price Reacts
The announcement of the transition to the Ethereum protocol as a layer-1 network has pushed Lisk (LSK) to a new daily high. At the time of writing, the digital currency has jumped by 6.23% to $1.13, taking its market capitalization to $145,573,784.
Game-Changer for Lisk
The move to Ethereum might be the ultimate game-changer that Lisk needs to gain mainstream recognition, like other protocols in the L2 arena. Despite its revolutionary offerings and age, the protocol is ranked as the 262nd largest protocol by market capitalization, and its transaction count contrasts with Optimism (OP), Arbitrum (ARB) and Polygon (MATIC).
This article was originally published on U.Today
