Ethereum is getting stuck due to a game to buy virtual cats


  Screenshot 2017 12 04 at 12.41.10 PM Cryptokitties

  • "CryptoKitties", a game based on blockchain that allows
    users buy and sell virtual cats, is exploiting in
  • It's putting pressure on Ethereum, the blockchain
    driven by the ether.

Just when you thought that the world of cryptocurrencies could not get
zanier, along with "CryptoKitties".

The online cat breeding game, which has been compared to both
Beanie Babies and Pokemon, have taken the cryptographic world by surprise.
Based on the Ethereum blockchain, the game allows users to breed,
buy and sell kittens with ether, a rival cryptocurrency
bitcoin It was created by AxiomZen, a San Francisco- and
Company based in Vancouver.

Like bitcoin, the game has exploded with $ 3.3 million in value
of transactions. Some kittens are listed on their site to get more
of 50 ether, or approximately $ 22,500 at the price of ether in the
time to write this More than 20,000 cats have been sold like this

"CryptoKitties" seems to be pushing Ethereum to its limits with
pending transactions in Ethereum blockchain reaching new highs
since the game exploded in popularity, according to data from

"[It’s] causing an accumulation of transactions," Josh
Olszwicz, a bitcoin merchant and writer from Brave New Coin, said
Business Insider in a direct message from Twitter.

The game represents more than 10% of the activity in Ethereum
according to

 Screenshot 2017 12 04 at 12.55.54 PM Ethereum



"Ethereum is very actively managed by well-known founders"
according to Joe DiPasquale, founder of BitBull
Capital, a fund of cryptocurrencies of funds.
"I am
the secure administration can improve the transaction

"I am surprised by the success of the game," he added.

Ethereum's blockchain was designed to provide the basis for a
number of use cases outside digital currencies. Companies
ranging from 4G Capital, which seeks to help grow
companies in Africa through smart contracts, to WeiFund,
a crowdfunding platform, are running applications in

Source link

Leave a Reply

Your email address will not be published.