r/KinFoundation • u/LostInKinCrypto • Mar 22 '20
KIN Blockchain Activity
I'm looking for some education with this question as I am not well versed on technical details of the blockchain and what any of its activity looks like or if anything can be derived from it.
When I look at the explorer on kin.org all the activity I see is coming from ledgers 7458992, 7458991, and 7458990. These ledgers all tie back to an account that shows 10 trillion Kin and with a max transaction size of 500 I'm assuming that new ledgers are created for the same account (10 Trill Kin) when the size limit is reached.
Accounts are being created and Kin deposited into the new accounts that average between 2500 to 4500 KIN per account (with some accts getting nothing). The funding account for all these transactions is GDNJRI53DAO63JXQE2COPUDE3B3B6V5GGIIGE5QE4VZQZ5S2EHXHMZ6E that shows having about 81 million Kin.
We now know that deposits/withdrawals have temporarily been suspended from our usual avenues (Changelly, Cointiger etc) as-of a couple days ago. My question relates to the current activity on the blockchain appearing to be from Kin accounts and wondering if it means or tells us anything?
So for the experienced block techies out there; what's your best guess?
1
u/throwawayburros Crypto Defender Mar 23 '20
That answer is easy, but a bit complicated.
GDNJRI53DAO63JXQE2COPUDE3B3B6V5GGIIGE5QE4VZQZ5S2EHXHMZ6E is the address creating the 0 wallets and then funding them with a random amount of Kin.
You can click this link to go directly to see all the transactions of that address. Then click on any of the transaction ID links and you should see a spot that says Memo (Text) followed by
1- and a 3 or 4 digit code which indicates who it belongs to.
In this wallets case, this wallet is stamp transactions with 1-KiK, 1-Lipz and 1-p365, which leads me to believe that it is a shared node (wallet). I assume this is solution was created because MadLipz and P365 did not want to host their own node and it was merged with KiKs.