Lisk, the blockchain application platform, has announced the release of Lisk version 0.4.0 to the testnet with increased stabilization.

The announcement was made at DevCon, the premier decentralized application conference taking place in Shanghai, China. As part of the stabilization for this release, the Lisk team has completed several API bug fixes; refactored a large amount of code; fixed a transaction malleability issue; and implemented better code standards. When completed, Lisk 0.4.0 will be released for Mac, Linux and FreeBSD platforms, with support for multiple CPU architectures, according to the official release.

Last month, Lisk unveiled its development roadmap explaining the different phases that the platform will go through over the next few years. These phases have been categorized into inception, resilience, expansion, ascent, and eternity.

“The main aim in our current phase of development – Inception –  is to create a stable and robust platform. Over the past number of weeks, the Lisk core team has stablized the mainchain and made improvements to the efficiency and reliability of the platform”, Lisk Co-founder and CTO Oliver Beddows said. “Most importantly, we improved the efficiency of the block processing and made peer-to-peer block synchronization more reliable. Each of these improvements will promote community forging, ensuring that the network will be more secure”. 

Lisk’s platform allows deployment, distribution, and monetization of blockchain applications, each running within their own sidechains. This ensures that the whole Lisk network is scalable and secure. LSK, the cryptocurrency underpinning the platform, currently sits in 13th place of the most valuable digital currencies with market capitalization around $25 million. In addition, Apple recently approved LSK for use in apps for the App Store.

“In addition to the development work we have been completing, we are also actively seeking developers who can develop Javascript-based blockchain applications with the Lisk SDK. We welcome interested developers to reach out to us via our website,” added Bellows.

Founded by Max Kordek and Oliver Beddows in early 2016, Lisk completed an Initial Coin Offering (ICO) in May and attracted over $8 million. Lisk’s ICO was the second most successful crypto-currency crowdfund to date, and within the top 20 largest crowdfunds worldwide.