1. One Blockchain for Consumers
Today, there is one kin…across 3 blockchains. While ERC20 Kin can remain as a valid way of holding Ethereum-compatible Kin which can always be swapped 1:1 for something more user-friendly and compatible with consumer apps, unless and until there is a way to consolidate the current Kin blockchain intended for in-app use, the consumer network will remain fragmented which limits software and user compatibility. Migrating the Kin Reserves to Solana and reducing required effort to update with the new SDKs offers us a surprisingly painless opportunity to do exactly that. ERC20 holdouts can be offered a new one-way swap to Kin on Solana, where they can be used to buy goods and services from the ecosystem if they so please.
2. It’s Time for the Kin Blockchain to Evolve
The Kin blockchain needs to evolve. By all apparent signs, Solana is the best available layer one solution today. If Kin wants to support one billion users, it will need the most scalable blockchain available, and as laid out by the proposal from Kik Inc., Solana seems to fit that bill perfectly.
3. More Reasons Solana is the Best Match for Kin
A. Solana is ready today.
While many projects claim to be able to achieve this sort of scalability, only Solana has already proven it. Kin is already live with millions of active users, and cannot afford to take chances on unseen technology.
B. Solana is perfect for Kin’s specific case.
While other layer one solutions and alternative systems such as those utilizing sharding may offer some advantages in certain scenarios, Solana offers sub-second finality and transaction costs below the value of an ad view, which means that Kin will be able to accomplish its mission of rebuilding the digital world so that everyone can be rewarded for the value they create online.
C. Solana scales up over time.
Solana leverages hardware in order to achieve scale that would otherwise remain out of reach. As hardware capacity continues to improve exponentially over time, so will the ability for Solana to scale. That means Kin can not only hit one billion users, but continue to grow after that.
D. Kin and Solana share a vision of a more fair digital world.
Kin aims to build a new digital economy where everyone is rewarded for the value they create online. Solana aims to convert advertising based web business to ones based on user network effects via micropayments. The two projects and teams are sides of the same coin.
E. Solana is an ally to Kin and its mission.
Solana has gone out of their way to understand Kin and share in its ethos. Not only has Solana offered a custom-tailored proposal for the Kin Ecosystem, but the communities of both networks have been openly supportive of each other. This type of camaraderie is rare to see in the cryptocurrency industry, a positive sign of the organic alignment between the two.
With Solana, we have the opportunity to scale to a billion users and beyond; but that isn’t all. We also have the unique opportunity to gain a new ally in our mission to build a new digital world, where everyone is compensated for the value they create online. That is why I am recommending to the Kin Foundation that node incentives be structured with this in mind.