> For the complete documentation index, see [llms.txt](https://kibho.gitbook.io/kibhocoin/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://kibho.gitbook.io/kibhocoin/learn-about-the-kibhocoin-platform/kibho-overview-vision-strategy-and-platform-components.md).

# Kibho Overview: vision, strategy and platform components

Kibho is a new EVM-compatible blockchain designed to address specific challenges in the crypto space while leveraging the strengths of established blockchain technologies. With a focus on validator efficiency, stake-driven security, and optimized transaction processing, Kibho introduces a unique set of consensus parameters tailored to enhance user and validator experiences.

The project was launched in 2024 by a team formerly involved in building the Kibho project aimed at increasing the adoption of blockchain.

#### The Problem <a href="#the-problem" id="the-problem"></a>

The crypto industry, while rapidly evolving, still faces significant challenges related to scalability, transaction costs, network congestion, and the accessibility of blockchain technologies for mainstream adoption and complex applications.

#### What the crypto industry still lacks <a href="#what-the-crypto-industry-still-lacks" id="what-the-crypto-industry-still-lacks"></a>

Despite advancements, the industry often struggles with:

* High transaction fees and slow confirmation times on congested networks.
* Barriers to entry for new validators due to high stake requirements or complex technical demands.
* Limited scalability options that hinder application performance and user experience.