It has been a while since we have heard from the Kibo gaming platform, but they recently released some updates on the project and explaining why the project has not fully launched. They just finished all of their development, so let’s take a look at what they have been doing and where the project is going.
The Kibo Platform Today
After months of hard and intensive work developing the platform, Kibo is in its final stage of implementation and it should launch soon. They have made significant progress in building out the smart contracts and figuring out the logistics of their lottery on the Ethereum blockchain. Ultimately, 16 combined smart contracts make up Kibo’s infrastructure which decentralizes client, partner, and administrative works.
Participants in the ecosystem are broken down into different participant types to ensure that their experiences are fluid and work well. The different participant types are the client, the partner, holder of managing token, platform administration, and client service solution.
The client is the one actually interacting with the ecosystem through the Kibo Lotto platform itself. Various contracts are grouped and internal rules and regulations make sure the drawing does off without a hitch while remaining fully transparent and honest.
Partners are able to develop their own lotto, including all analytics to help them keep track of their lotto. Kibo will help administrators, partners, and clients all participate in lottos in a new an innovative way and all through their convenient platform.
So Why Has Kibo Not Launched Yet?
Kibo’s launch largely is restricted by the Ethereum ecosystem itself. The project’s team notes how other projects suffer a similar fate. Gas prices and the number of available transactions has stunted the project’s launch. Many low-cost transactions suffer from high gas prices and can bloat the blockchain. This appears to be an issue with Ethereum itself, which then becomes the problem of any project building on its blockchain. Upcoming Casper Protocol and PoS implementation across the Ethereum network may be long term solutions to this specific problem.
Ethereum’s bandwidth is also a large factor holding the project back. The maximum transaction number per day on the Ethereum network is just under half a million. This is an unacceptable number for wide audience, low-cost projects like Kibo. The Plasma project may be able to help scale this in the future.
Provided that these problems are solved soon, Kibo wants to release the platform to an initial 10,000 users. Once the scalability issues of the Ethereum network are addressed, they plan on marketing the platform to a larger audience and accept more users.
For the Kibo team, there are no unsolvable problems, just minor setbacks in their roadmap because of the Ethereum network itself. Considering the hardworking nature of both Kibo’s team and the Ethereum developers, the likelihood of these problems being solved sooner rather than later is high.
Check out their recent blog post outlining these updates in even greater detail here: http://bit.ly/2h49ZCV
Check out their website here: http://bit.ly/2qQmNEB
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from The Merkle