Crypto kitties cripple Ethereum blockchain

www.cryptokitties.co

A new enthusiasm for virtual kitten slows down the trade in one of the largest crypto-currencies.

Crypto kitties, players can purchase and race “crypto-Pets” on the underlying blockchain network.

The game’s developer told news Agency Bloomberg that crypto kitties was an “important step” block chains more accessible.

But its popularity has underlined, one of the technology’s biggest drawbacks: lack of scalability.

Ether scan reported a six-fold increase pending transactions on the since the release of the game, by the Axiom Zen Innovations-studio, on 28 November.

“Crypto kitties have become so popular that there is a significant amount of storage space available for transactions on the Ethereum platform,” said Garrick Hileman, from the Cambridge centre for Alternative Finance.

“Some people are worried that a frivolous game is now more serious, displaced, significant-seeming business.”

US dollars estimated to be spent 4.5 m (£3.35 m), based on the Comic cats at the time of writing, according to Crypto-Kitty-sales.

www.cryptokitties.co

What is a crypto kitty?

Think that this kitten rather unfit, cartoon as a unique digital-to-Pokemon-cards. The game the developers describe as a “breedable Beanie Babies”, each with its own unique 256-bit genome.

These crypto-collectors pieces are also gender-fluid, can play the role, bred to either of the “lady” or the “father”, if that. The kitties’ unique DNA, the four billion possible genetic variations can lead.

Some of the varieties which have thus far created to look life-like, with grey-striped fur and bulging green eyes. Others are speckled with neon-blue spots or magenta swirls patterned.

www.cryptokitties.co

How much crypto are kitties worth it?

At the time of writing, the median, or mid-range price of a crypto kitty is approximately $23.06 (£17.19), to Crypto-Kitty-sales.

The game top cat brought in $117,712.12 (£87,686.11) if it was sold on Saturday, 2. December.

How can I get the cost of my own litter?

Crypto kitties can be bought, the only use of Ether, a crypto-currency, as the fuel of the blockchain network.

To get started, users must use a Chrome extension called MetaMask, which acts like a digital wallet and allows players to send and receive Ether from your computers install.

Ether must be bought from a crypto-currency-exchange before it can be added to the MetaMask.

www.cryptokitties.co

Where are the crypto kitties?

Axiom Zen releases a new crypto is kitty Pets every 15 minutes, but the rest of the delivery is powered by the breeding of existing crypto. The owner of the KITTEN, it can. for the sale and you set your own price in the Ether

Why is it important, if crypto is kitties, the slowdown in Ethereum?

According to the ETH-gas station, the crypto kitties game accounts for over 10% of the network traffic on Ethereum. As traffic increases, transactions become more expensive to run fast.

“The really big Problem is the other large player is said to in search of alternatives to the and the transition to other systems,” Mr. Hileman.

“It is intended to try an emergency for Ethereum and how to fix this Problem.”