TLDR
The Lisk Mainnet v2 successfully completed the migration to Lisk v3 on August 21, 2021, at 2:00 pm CEST. This comprises the biggest protocol changes on the Lisk blockchain ever, and marks the beginning of a whole new era for the network. The old address and ID system is replaced and all existing accounts will be automatically migrated to the new system. The new dynamic fee system replaces the static fees and makes sending transactions significantly cheaper. The DPoS consensus algorithm has been completely redesigned to improve decentralization and security of the validator selection algorithm.via the TL;DR App
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