Kin Blockchain Platform One Year Review: What We Saw from Kik’s Crypto Ecosystem?
Kin Blockchain Platform: One Year in!
It’s been around one year since the kin token distributor, and the token’s developers have been following some simple strategies to make it the most used digital currency in the world.
According to the founder and CEO of Kik and Kin, Ted Livingston, here’s what they have been up to during that one year:
- Creating scalable blockchain
- Launching the Kin Inside Kik
- Expanding the ecosystem to include other apps
Creating a Scalable Blockchain
According to Livingston, the project iterated through several options to create a scalable blockchain. They started with Ethereum and then Stellar, later combining both for perfect results. This helped unlock the consequent steps, allowing the developers like Perfect365, Kinit, Kik, and 40 others in the Kin Developer Program to begin building mainstream application.
The CEO, however, acknowledged that there’s still work to be done. In a medium post, he said that:
“Independent federation nodes need to come online, the anti-spam system that allows for zero transaction fees needs to launch, and the atomic swaps that combine Kin on Ethereum and Kin on our Stellar fork needs to be perfected. Once this is complete, the Kin Blockchain will support the scale and simplicity that developers need, while allowing Kin to be seamlessly and securely bought, sold, and used across the Kin Ecosystem.”
Launching Kin Inside Kik
The first utility was launched last year once the token distribution even was concluded. It allowed users in Kin to use Kin in order to unlock exclusive stickers as per their balances. Later, the company moved to enable users to not only earn stickers, but also buy them. However, this crashed the Ethereum network quickly, and Kin decided to step in, moving app transactions to Stellar.
Explaining how it this helped, Livingston said that:
“Kik helped support scalability studies, with Kik users creating test transactions from hundreds of thousands of real devices. Kik also helped co-create the Kin SDK that used the Stellar fork and launched premium chat themes.”
Expanding the Ecosystem to Other Apps
Livingston says that they launched Kinit app to allow brands to pay for users’ attention, making it the first iPhone app globally to get approval by Apple for earning and spending crypto. Combined with Kik users, this development saw Kin get more active users compared to all other Ethereum dApps combined.
Speaking about the launch, the CEO of Kik and Kin said that:
“Kin worked with large partners, like Blackhawk Network, IMVU, Perfect365, and Unity, who are excited about the Kin vision and business model. Like Kik, they need a blockchain and SDK that is scalable and reliable with out of the box features such as backup and restore. Expect more integrations as these features are built and proven. This is also what is needed to unblock launching with platforms like Unity.”
The Kin Developer Program
In addition to the three milestone levels, Kin has also launched Kin Developer Program, choosing 40 developers to contribute. Since the program doesn’t have anti-spam mechanisms to protect it yet, only developers approved are accepted into the program. Once a measure is in place, this will likely change.