KIN Wants to Fork Stellar Lumens and Make Their Own Blockchain, Ditch Ethereum
The concept was rooted in using Ethereum for its high liquidity while the Stellar Lumens blockchain would provide a faster and more efficient foundation, enabling low transaction fees and supreme scalability.
Well, now all that’s changed.
A Medium blog post, by Netanel Lev, Vice President of Research and Development at the Kin Foundation, details their intention to fork the Stellar Lumens blockchain and create its own. This is made possible due to the open source nature of the Stellar Lumens technology, which encourages collaboration across the entire blockchain sector.
Most crypto projects to date have been technology-driven first and product-driven second. Kin has always been the opposite. After working heads down alongside the best minds in the industry we came to the conclusion that a hybrid solution of Ethereum and our own fork of Stellar would benefit the Kin Ecosystem both short and long-term. Our goal is for Kin to be the most used cryptocurrency in the world, and this will help get us there sooner.”
A press release associated with the announcement reveals that preliminary tests conducted with the Stellar network have provided ‘faster and more scalable transactions for digital services than … Ethereum’.
Image From Shutterstock