Token popular messenger Kik under the name of Kin, which now exists in the form of token ERC20 on Ethereum and its copy on the platform is Stellar, once again divided. Non-profit organization Kin Foundation, which manages development of the project Kin, announced a fork of the blockchain Stellar. Developers use the Stellar code base to create your own blockchain Kin.
First, the token was divided into two scenes because the developers were not satisfied of the Commission of Ethereum. Now they have decided that even a small fee Stellar hinder the development of the system, so the decision was made to fork without commissions. This is particularly important for token-Kin, which is focused on micropayments. Kik CEO Ted Livingston commented on this decision:
I think that the uniqueness of Kin that this is one of the few projects in which the product drives the technology, not Vice versa.
The Ethereum blockchain will continue to be involved in an atomic swaps, through which users will be able to move tokens between blockchains. When you use a token on the blockchain Kin a token on the blockchain Ethereum is blocked automatically in a smart contract, and Vice versa.
Creating a token on the blockchain Stellar, the team believed that will be able to subsidize the fee, putting the lumens in the wallets of users. However Kin did not consider that in this case, the spammers will create a bunch of wallets to pick up the lumens. Such actions could greatly affect the network.
Kin developers created the blockchain, in which the operator node will first make itself Kin Foundation, and subsequently this role will be able to and trusted partners, where the company is now actively engaging. Livingston believes that the partner nodes will be managed by the major services, making the so-called engine of remuneration Kin (Kin Rewards Engine, KRE), which will pay tokens Kin. So they will be interested in the fact that the value of Kin increased:
The growth of demand for digital services is to grow the ecosystem of Kin, and hence, the consumer base, which will give incentives to people who will manage these federated nodes.
On the other hand, the analyst Spencer Bogart of Blockchain Capital warns that such decentralized systems in practice may not be innovative blockchains, and analogs of existing centralized systems.
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