Kin Price Chart Update [KIN]

The KIN price update as of now is $0.00001435. In the previous 24 hours, its trading volume was $258,449, and its value has increased by 17.70%. As of now, KIN's live market cap is $38,784,824, and it is ranked as the #881 on the Coincu. KIN has a circulating supply of 2,938,748,085,996 and a maximum supply of 2,938,748,085,996.

Kin: An Introduction

Kin is a decentralized cryptocurrency that is specifically designed for easy integration across web and mobile apps. It has a unique built-in incentive model that aims to reward developers for increasing usage.

At present, the Kin ecosystem boasts 60 million wallets and has distributed over $70 million in rewards across more than 60 apps since its establishment in 2017. Kin's applications are now available on both web and mobile platforms, including iOS and Android.

The Main Features of Kin

The Evolution of Kin: Transitioning from Ethereum to Stellar and Solana

Kin1: The first generation of Kin operated on the Ethereum Blockchain.
Kin2: The second generation of Kin operated on the Stellar Blockchain (not mainnet).
Kin3: The third generation of Kin operates on Stellar (not mainnet) and utilizes Kin as the base asset.
Kin4: Kin has recently made the switch to the Solana blockchain (mainnet).

KIN: A Digital Currency and Messaging Platform

The Decentralized Infrastructure of Kin

The Kin Blockchain serves as a transparent record of all Kin transactions, ensuring traceability. It operates in a decentralized manner, with information being copied and distributed to maintaining nodes. Some important aspects of Kin include:

Kin Reward Engine (KRE): Developers who contribute to the Kin ecosystem are rewarded by the Kin Foundation.

Low Transaction Costs: Kin charges minimal fees for transactions, protecting against spam attacks on untrusted blockchains.

Developers can interact with the Kin Blockchain through Agora, a blockchain agnostic service that facilitates account creation and transaction submission. Agora offers additional functionality such as:

Memo Format: Enables reliable off-chain payments involving data.

Invoices: Provide data for submission, validation, and settlement history of payments.

Webhook: Allows apps to confirm and list trusted transactions before submission and receive notifications upon completion.

Agnostic Interface: Facilitates easier porting to future versions of Kin if there are blockchain migrations.

Client App for Kin

The client app serves as an interface for users, enabling them to create, manage, and utilize Kin accounts.

Backend Server for Kin

Many applications require a server to provide an enhanced user experience. Kin offers SDK servers in Go, Python, and Node.js.

The Future Roadmap of Kin

Kin's infrastructure architecture enables low or free-cost value transfers between users with Kin registered accounts and facilitates quick transactions regardless of the transaction volume.

In August 2021, Kin announced its roadmap, which focuses on supporting developers in easily and rapidly creating digital currency and sharing economic profits. The project will prioritize the following:

Expansion of the Kin ecosystem with more applications, developers, and users.

Enhancement of the development process to provide a better experience for developers.

Community support.

Increased brand awareness through effective communication.

Global liquidity options for KIN.

Enhanced decentralization and scalability for the Kin ecosystem.

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