• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
Sensei Inu Logo

Kibo Platforms’ Beta Version Be Launched in the Beginning of May

Jayanand Sagar by Jayanand Sagar
6 years ago
in
Reading Time: 2 mins read

The Kibo Beta is a fully accomplished release of the platform.

The first version of Kibo offers four types of lottery including several options like daily, weekly, and instant drawings having the embedded system of a daily bonus ticket for each player. However, since the Ethereum network still has the unresolved problem of scalability, several limitations of gas in a block and the number of processable transactions, right now the team is unable to make Kibo available for everyone.

Therefore, the beta version of the Kibo Platform will be available only for a limited number of users. Moreover, conditions of the platform regular functioning and promo actions will differ from those at the launch stage of Kibo’s final version. The funds collected during the ICO and designed to make the prize money will be only partially used in the beta version.

Nevertheless, even the beta version will let the user fully enjoy advantages of the KIBO Lotto Platform, such as participation in free daily drawings.

The Platform will be launched in stages

Prior to the platform operation in the real net, the final closed testing will be held in Testnet, in which 100 of partners will be able to participate. These partners will be chosen randomly.

The test is aimed at defining the unexpected problems and possible flaws prior to the platform’s launch in the real net. Kibo team is going to collect feedback to be sure that the platform is ready for the launch both in terms of engineering and the user interface.

Having completed the works in Testnet, Kibo will be ready to launch the beta version in Mainnet. Exchange of gas in a block is an essential condition for making this stage possible. To upload the KIBO contract to the real net, the gas limit exceeding 4.7 million is required. At present, despite the Ethereum has fully restored its position after DDoS attacks in October 2016, the gas limit is still 4 million, which is insufficient for KIBO. Observing rapid development of the net during last few months, it can be said that this issue will be resolved in the nearest future and will not affect Kibo’s plans.

On the 27th of April Kibo will publish the detailed information on the conditions and date of the beta version’s launch. The beta’s launch is tentatively scheduled for the beginning of May.

Tweet123Share196ShareSend
Jayanand Sagar

Jayanand Sagar

Related Posts

Terra Classic

Terra Classic Forecast: Anticipating A 25% Price Surge With Bullish Patterns

6 hours ago
Chainlink

Chainlink: Analyst’s Vision Of A 20% Rally And How It Could Happen

21 hours ago
BNB

BNB Trading Sideways In Last 30 Days – Is Stagnation Likely Until October?

1 day ago
Bitcoin

Bitcoin Rally Driven By Coinbase Users? Premium Would Say So

2 days ago
Bitcoin

Halving Hype: Bitcoin Gearing Up For A Parabolic Ride, Analyst Says

2 days ago
Dogecoin

Dogecoin Key Challenge: Will The $0.06 Support Level Hold?

1 week ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Bitcoin Spark Drives Home Solana Killer Narrative Raising...

    1 hour ago
  • Shiba Inu, Bone ShibaSwap or Kangamoon: Which Meme Coin Can...

    2 hours ago
  • Top Three Must-Have Tokens for Investors In 2023 –...

    3 hours ago
  • Are BNB (BNB) and UNUS SED LEO (LEO) Preparing for a Rally?...

    3 hours ago
  • VC Spectra (SPCT): The Pioneering Project Taking on...

    5 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.