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PARAGRAPHKin, the cryptocurrency from the Kik messaging service, is planning team behind the Kik messenger; rating them and earn Kin similar to a reward-points scheme.

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The company Kin Foundatoin, which is engaged in the development of the Kik messenger, will abandon the ethereum blockchain in favor of stellar, according to. Messenger app maker Kik is quitting ethereum for good as it continues to develop its cryptocurrency, dubbed kin. Launched on ethereum early. Kin, the cryptocurrency from the Kik messaging service, is planning a fork from Stellar to avoid issues of scalability and transaction fees.

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Coindesk quoted Kik's blockchain engineering lead Leonid Beder as saying: Since we first and foremost want the Kin ecosystem to scale to many participants and huge transaction volumes sooner rather than later, we realize that ethereum might not be the right solution These contemplations on moving have finally born fruit, as the announcement from the CEO seems to have solidified the company's decision publically. For Kik, the crypto token is about allowing users of its platform to purchase digital goods and in the future, even physical goods more easily, and according to many industry stakeholders, the launch of kin will be an early test of whether this pans out. Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Kik is a mobile messaging service that has over million global users. Partner Links.