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Lisk Officially Shuts Down Blockchain After 10 Years

Veteran blockchain project Lisk has officially shut down its network after 10 years, announcing a 5.23 million LSK token burn as it shifts its focus to a new financial platform for businesses.

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Terms in this story

Blockchain
A shared, ordered record of transactions, grouped into blocks, that independent computers check against the same protocol rules.
Token burn
Sending tokens to an address nobody controls so they can never be used again, which shrinks the supply.

Original reporting

Alex Dovbnya, U.Today

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