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Why is implementing a future-proof protocol change mechanism important?

Our proposed future-proof protocol change mechanism:

  • Allows for radical changes to occur in the Lisk protocol over the next 2 to 10 years.
  • Avoids the requirement for maintaining backwards compatibility with older versions of the protocol, simplifying the deployment of radical change.
  • Deploys radical protocol changes in a decentralised manner.
  • Offers a long-term scaling solution towards the scaling problem of immutable chains. This allows nodes to only store a truncated chain and thus reduces the storage requirement.
  • Accepts the fact that protocols will always need to adjust to a changing environment.
  • Grants the same mechanism to all blockchain applications developed on the Lisk platform, benefiting the entire ecosystem.
Written by Lisk - Updated Nov 21