Cryptocurrencies
Blockchain Growing Pains Show There's No Ledger to Rule Them All
- Kik Interactive to begin using Stellar as well as Ethereum
- Ethereum blockchain has experienced rising fees, slower speed
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Messaging app developer Kik Interactive, which raised about $100 million last year to launch services on the Ethereum blockchain, discovered that the ledger technology isn’t ready for prime time.
The company is shifting some of its business onto a different digital ledger, one called Stellar, and also building a custom blockchain using Orbs technology, explaining that no existing system is a perfect fit.