Lisk (LSK) team is looking forward to one of its biggest milestones at the moment. This crypto project is set to release the Lisk Core 1.0 to the mainnet! According to news outlets, the team has projected the migration to happen as soon as August 29th subject to achieving 6,901,207 block height.
Lisk’s main net will have to undergo some changes; the nodes will be upgraded form the Lisk 0.9.16 version to Lisk Core 1.0.This development is of significant fundamental value to Lisk due to a couple of reasons;
The Lisk Core 1.0
Lisk (LSK) has taken much pride in this milestone, the team is quite optimistic about the Lisk Core 1.0 release. This is due to a couple reasons with the pioneer being the amount of physical and human resource deployed to get there. Lisk Headquarters has been heavily involved all along this development in conjunction with the LSK crypto community. The crypto oriented company is also excited on its new Quality Assurance procedure which Lisk Core 1.0 is the first to undergo! Lisk’s calculated moves in this release were preceded by a testnet period that lasted a couple months.
The new Lisk Core version is relatively advanced in most of its features. Therefore, the network’s outlook and user interface will change once Lisk Core 1.0 is integrated with the mainnet. This platform will be more interesting since clients can operate their transactions and include an elaboration message! In addition, the peer-to-peer platform and API design will also be upgraded.
Lisk Digital Signatures Infrastructure
Digital signatures are one of the main aspects of ensuring the security and integrity of the data that is recorded onto a blockchain. They are a standard part of most blockchain protocols, mainly used for securing transactions and blocks of transactions, transfers of sensitive information, software distribution, contract management and any other cases where detecting and preventing any external tampering is important. Digital signatures provide three key advantages of storing and transferring information on a blockchain;
Theoretically, encrypted data that is being sent can be altered without being seen by a hacker. However, if this does happen the signature would change too, thus becoming invalid. Therefore digitally signed data is not only safe from being seen but will also reveal if it has been tampered with, cementing its incorruptibility.
· Accurate Individual Identification
Digital signatures not only secure data but also the identity of the individual sending it. Ownership of a digital signature is always bound to a certain user and as such, one can be sure that they are communicating with whom they intend to. For example, even the most proficient hacker could not fake another’s digital signature as a means of convincing someone else to send money; it is simply mathematically not within the realms of possibility. Therefore digital signatures not only guarantee the data that is being communicated, but also the identity of the individual communicating it.
· Legal Contracts
Finally, the fact that private keys are linked to individual users gives digital signatures a quality of non-repudiation. This means that if something is digitally signed by a user, it can be legally binding and entirely associated with that individual. As indicated earlier, this is heavily dependent on there being no doubt that the private key that signed the data was not compromised, used or seen by anyone other than its owner.