Kik Severs all Ties With Ethereum as Scaling Problems Persist

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It has become apparent a lot of projects are not too happy with Etheruem’s infrastructure right now. More specifically, a lot of developers are either pursuing a multi-chain approach or simply move their project to a completely different ecosystem in the process. Kik is the latest to do so, as the project will go with Stellar for its product launch. Another Project Ditches Ethereum’s Infrastructure For the Kik team, their venture into blockchain and cryptocurrency has been a pretty interesting one. Although they are intent on building the most-used cryptocurrency ecosystem, their approach to doing so has raised a few questions. First of all, the Kin cryptocurrency was designed to be issued on Ethereum. Given the network’s ease of access for ICO projects, that decision made a lot of sense. Not too long afterward, the team started noticing Ethereum alone will not suit their specific needs. The ongoing Ethereum scaling issues – which are still in place in 2018 – have caused the company to rethink its strategy outlined in mid-2017. Raising nearly $100m with an ICO does not make Ethereum’s inherent problems go away, as the team found out shortly afterward. A new plan was devised, which would see Kik develop a two-chain strategy. Rather than relying on one infrastructure, the team was trying to spread the load accordingly. Ethereum would still provide the security aspect of Kin, whereas Stellar’s ledger would be used for speed and scaling. That decision was met with some initial resistance, although it makes…
Source: Kik Severs all Ties With Ethereum as Scaling Problems Persist

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