This past month marked the three year anniversary of the Kin Ecosystem going live. On September 26, 2017, Kin was distributed to more than 10,000 people from 117 countries, which represents 60% of the geographic coverage of the world. Since then, more than 41 million people have acquired Kin in the ecosystem and almost 3 million people are spending Kin every single month.
No doubt there have been challenges along the way, but the Kin Ecosystem has shown both resilience and inventiveness that have made Kin the most used cryptocurrency by mainstream consumers. Dozens of developers from all over the world are contributing to the open source project and pushing Kin forward.
This past month the Kin Foundation published a three-year review to commemorate the milestone with an overview of the progress to-date and a look ahead. A summary of that post and a link to the original is embedded below.
One key upcoming milestone for Kin is the migration to the Solana Blockchain. Kin is being used by millions of people every month, and while the user experience has consistently improved, it is not yet the user experience we expect to reach hundreds of millions of people. The move to Solana will bring a 10x improvement in transaction times and a 500x improvement in scale, unlocking the requisite tools to power a seamless economy of hundreds of millions of people. Last week the migration plan was published with a target migration date of December 8. A summary of that process and what to expect for developers and token holders can be found below.
Other updates found in this month's newsletter:
- The Kin Economy Report: An overview of the key economic indicators for the Kin Economy over the last month
- The Kin Foundation Minute: A summary of the latest Kin Foundation board meeting
- Additional Content from the Kin Ecosystem
