Fluffy Digital Cats Overwhelm the Ethereum Blockchain
A new killer app called CryptoKitties is clogging the Ethereum network at breakneck speed.
The game allows you to buy cartoon kittens and breed them on the Ethereum blockchain.
It’s the first smash hit app powered by Ethereum. The problem is, the game already accounts for more than 10% of all transactions on the Ethereum blockchain, and is triggering far slower transaction times.
Digital cats are being bought and sold. The average cat is going for about $100. Nearly $4 million has already been spent on the hot new game, which is the first ever released on the Ethereum network.
Although cute and hilarious, the little app has led to serious questions about the strength of Ethereum, and even promoted a response from its creator, Vitalik Buterin.
Well, at least there's a plan to scale out. @CryptoKitties might just force the Eth devs to accelerate that. State channels (Raiden, etc), Sharding, Casper/PoS.
— Boris Kozak (@boriskozak) December 4, 2017
I actually like the digital cat games. They illustrate very well that the value of a blockchain extends far beyond applications that would literally get shut down by banks or governments if they did not use one. https://t.co/AtcdjkrlB3
— Vitalik "Not giving away ETH" Buterin (@VitalikButerin) December 4, 2017
Cats helped launch the Internet into the mainstream, and now it’s happening on the blockchain. Onward and upward.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
Check Out the Latest Headlines
Leave A Comment
You must be logged in to post a comment.