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Topic: Goodbye Ethereum: Kik Plans to Move Its ICO Tokens to Stellar - page 2. (Read 313 times)

hero member
Activity: 1050
Merit: 529
CrptoKitties has made it more expensive to transact in ETH, it will be interesting to see if they are able to overcome this bottleneck with their plans to migrate from PoW to Pos.
Yeah let's hope that, still I think their situation is better than BTC. ETH was having almost lightning level transcation speed few weeks ago and this happened all of sudden. Really disappointing, I hope this doesn't kill ETH as whole.
member
Activity: 182
Merit: 10
Did the kitties just killed ethereum? oh yes it is the developers are not good enough to maintain its network stability.
full member
Activity: 770
Merit: 102
Matrix Built On An Ethereum Smart Contract
CrptoKitties has made it more expensive to transact in ETH, it will be interesting to see if they are able to overcome this bottleneck with their plans to migrate from PoW to Pos.
full member
Activity: 308
Merit: 101
FXPay.io
Hopefully this is just a plan, for fans Ethereum maybe this is shocking news.So far, the Ethereum platform is already supported by 6400 interconnected servers. This figure does not vary much with the Bitcoin support server whose number is 7,400.But what happens now..
hero member
Activity: 630
Merit: 500
I think this is a good thing for the space, not because is leaving Ethereum but just to see what this other alternative platform can offer other than ethereum, I know most of these developers choose Ethereum because it is very easy to raise fund through ICO on it and not more
legendary
Activity: 3122
Merit: 1492
This is a sad day for Ethereum and its followers, and it is the Cryptokitties' fault. I reckon those cute little kittens should now be developed and released in all blockchain platforms like NEO, QTUM and Ethereum Classic as a scalability test.

The Cryptokitties' catchphrase should be Cryptokitties, coming to a blockchain near you. Ph33r us.



Mobile messaging startup Kik is planning to shift its Kin token network from ethereum to Stellar, CEO Ted Livingston confirmed on Wednesday.

Speaking in a live question-and-answer session on YouTube, the company's founder argued that ethereum's blockchain – which the app is presently based on – is unable to scale to the level that Kin needs, among other issues. The answer, he said, is to shift to the Stellar network, first unveiled in 2014 and created by Ripple co-founder Jed McCaleb.

Livingston went as far as to blast ethereum as "the dial-up era of blockchain," noting that gas prices – which are needed to execute computations – and other transaction fees need to be built into the app to ensure users' transactions go through. Kik first announced it was contemplating a move onto another blockchain in October, stating that ethereum's scaling issues meant it "might not be the right solution" at the time.

In Wednesday's video, Livingston said Kin was pushing the limits of what ethereum could handle with its roughly 10,000 users. The network's reliability is another factor in the planned move, he said, pointing to recent network congestion as a result of the popular CryptoKitties app.


Read in full https://www.coindesk.com/goodbye-ethereum-kik-plans-move-ico-tokens-stellar/
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