Lisk to Shut Down Chain on Oct. 31, Pivots to Enterprise Payments and Burns 25% of LSK Supply

BitcoinWorld Lisk to Shut Down Chain on Oct. 31, Pivots to Enterprise Payments and Burns 25% of LSK Supply Lisk, one of the earliest blockchain projects, will officially cease operations of its chain on Oct. 31, marking the end of a 10-year run.

The project, which launched in 2016 with the goal of building a JavaScript-based decentralized application (dApp) ecosystem, will pivot its business toward enterprise treasury management and payment solutions. The announcement was first reported by Crypto Briefing.

What the Transition Means for LSK Holders After the shutdown date, any LSK tokens remaining on the Lisk chain will become permanently inaccessible.

Users who currently hold or stake LSK on the existing chain must bridge their assets to Ethereum using either Superbridge or Lisk Bridge. This step is critical to ensure that users do not lose access to their holdings.