January 27th, 2020

Original article in Lisk Magazine

Featured in this news update:

– LIP 25 proposes a minimum balance in LSK wallets
– LISK is now supported by Magnum Wallet
– Tech analysis of Lisk Bike
– Coincheck distributed the first staking rewards
– LSK giveaway to boost Lisk adoption
– Delegates’ overview and #heroesnotzeros


LIP 25 proposes a minimum balance in LSK wallets
LiskHQ proposes LIP0025, that introduces a minimum balance requirement for accounts. Once dynamic fees will be active on mainnet, transactions will become cheaper (the minimum fee will be 0.00125 LSK), therefore the cost to launch a spam attack by broadcasting millions of transactions will be affordable. The proposal consists of setting a minBalance equals to 0.05 LSK, to make expensive that kind of attacks.


LISK is now supported by Magnum Wallet
Magnum wallet is a multicurrency wallet, designed to claim airdrops and earn passive income. The company is already providing one-click delegating process for Tezos investors. The wallet supports many coins and it is compatible with Ledger and Trezor.


Tech analysis of Lisk Bike
LiskHQ backend developer, Michiel Mulders, took a technical look at Lisk Bike, exploring how custom transactions work in this project: “Exploring Sharing Economy in Blockchain with Lisk.Bike“.


Coincheck distributed the first staking rewards
After the announcement of staking service, Coincheck passed from 10.99 million LSK to 11.18 million in its wallet (+1.7%). The company also received the first weekly payment from Elite (2,250 LSK), that was distributed to its LSK investors. Assuming that this dividend remains stable, the annual yield is 1% (remember that Coincheck is voting only for 46 Elite members, but could increase its revenues by voting for 101 delegates).


LSK giveaway to boost Lisk adoption
For 4 consecutive weeks, on Monday, Lisk Magazine (in collaboration with Endro, Moosty, Korben, Prolina and LiskPoland) will launch a 100+LSK giveaway on Twitter. The required tasks will be: follow us (to DM the winners), retweet and tag 2 friends that could be interested in Lisk.
The recent news about Coincheck staking and the increase of LSK value brought mass attention to Lisk, so we want to surf that wave by encouraging users to share the latest ecosystem news and the campaign #HeroesNotZeroes.
Each contest will last 3 days (until Thursday, 12pm CET) and winners will be announced after. This is the address where giveaway funds will be deposited: https://explorer.lisk.io/address/16751935157795404629L


Delegates’ overview and #heroesnotzeros
According to LiskMonitor, this week Elite gained globally 5 million LSK and GDT +3 million LSK.
At individual level, the biggest individual losses came up for iii.element.iii [-235k], liskpool_com_01 [-294k], adrianhunter [-229k], joo5ty [-331k], philhelmuth [-524k] and phoenix1969 [-233k].
The most voted delegates are: robinhood [+470k], endro [+360k], moosty [+437k], lemii [+253k], liskmagazine [+492k], korben3 [+424k], liskpoland.pl [+488k], minions [+361k], gym [+422k], jong [+438k].
GDT announced that they added delegate Moosty as their new member. It is possible to receive 2 LSK, exploiting the 1 LSK refund by GDT (here, for Gold/Silver level voters of GDT that vote for Moosty) and the 1LSK refund by minions (if you vote the “Heroes” list, no action required).
Read more about the campaign #HeroesNotZeros in the dedicated article: “Heroes Not Zeroes: the Campaign to Push Deserving Delegates

Lisk Magazine is a project supported by Lisk Italian Group and Lisk Support.
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