Kibo Gaming Platform Releases Project Updates

It has been a while since we last heard from the Kibo gaming platform, but the team recently released some updates on the project and explained why the project has not fully launched. Now that development is finished, let’s take a look at what the team has 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 should launch soon. The team has been making 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 work.

Participants in the ecosystem are classified into different types to ensure that their experiences are fluid and work well. The different participant types are client, 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 each drawing goes off without a hitch while remaining fully transparent and honest.

Partners are able to develop their own lottos, with the help of analytics to let them keep track. Kibo will help administrators, partners, and clients all participate in lottos in a new, innovative way, all through its convenient platform.

So Why Has Kibo Not Launched Yet?

Kibo’s launch has been largely restricted by the Ethereum ecosystem itself. The project’s team notes how other projects have suffered 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. The 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 number of transactions 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 the network in the future.

Provided that these problems are solved soon, Kibo aims to release the platform to an initial 10,000 users. Once the scalability issues of the Ethereum network are addressed, it plans 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 due to 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 Kibo’s recent blog post outlining these updates in even greater detail here: https://medium.com/@kiboproject/kibo-lotto-on-the-final-stage-of-implementation-a16dc134c890

Check out their website here: https://kiboplatform.net/en/landing.html

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