Migration – Ethereum to Stellar announced by Kin

The recent trends in value changes of cryptocurrencies have showered light upon cryptocurrency migration. A cryptocurrency project ‘kin project’ run by the developers of Kik, a cross platform messaging app sees a new transformation. They have announced that they will be moving away from ethereum blockchain to stellar to work on it’s promotion. Due to an increase in transactional load, the network faced some issues in ethereum blockchain. Stellar and it’s payment methods come with advantages like scalability, speed of transaction, low cost and energy efficiency. Kin’s move sows seeds to new developments in their business