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The Lisk Mainnet v2 completed the migration to Lisk Mainnet v3 on August 21, which is the biggest protocol change in Lisk blockchain history, Lisk wrote on their website. Features of the 'new era' include an extremely secure new account address system, up to 98.64% cheaper transactions after moving to a dynamic fee system, and ensured full immutability of transactions. Migration eliminates all weaknesses of the Lisk Mainnet v2 The migration eliminates all weaknesses of the Lisk Mainnet v2 related to accounts, the consensus algorithm, and fees. The blockchain is now almost fully prepared for the upcoming interoperability release. With v3, the new account address system is extremely secure with built-in error detection for typos. This does away with the need for account initialization. The previous address and ID system was retired and all current accounts were migrated. As a result, addresses have become longer, virtually eliminating the risk of address collisions and making sur...

The Financial Services Agency, Japan's market regulator, is taking its first steps towards drafting a more restrictive policy for regulating digital currency in the country, in a move that looks set to tighten the rules for digital currency sector businesses. According to reports in local media Jiji Press, the rule changes are being brought in with a view to better protect consumers, with the regulator having already begun to solicit views on how the new policy could shape up. The regulations are expected to be brought in before summer 2022, with a view to providing greater investor protections as quickly as possible. With an eye on continuing to encourage innovation and development, the FSA has said the new rules would bring much needed stability to the sector. It follows the creation of a dedicated panel of experts last month to look at the issues of regulation in decentralized finance, joining other ongoing efforts to address developments in central bank digital currencies and d...