Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Domithra on December 20, 2017, 10:11:37 PM
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These can be seen as "virtual unpalatable cartoon kittens" developed by game developers. The game's developers describe them as "breedable Beanie Babies", each with its own unique 256-bit genome. They have become so popular that they are taking significant space for transaction in ethereum leading to the stampede or slow ethereum transaction.
Huge transaction fees needs to be set before attaining a specified speed on ethereum transaction now. What lies the fate of ethereum now with these crypto kitties at work?
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I think blaming Cryptokitties for the speed of Ethereum is the wrong idea. Although it seems clear that they're a major cause of current speed and fee issues, ultimately this is Ethereum's fault and Cryptokitties are a perfectly valid use of the blockchain. The kittys are just highlighting a weakness of the cryptocurrency.
Although I've obviously heard of them before, just after reading your post was the first time I've really read up on them.
While I'm not really drawn to actually own a cryptokitty, it does seem like a fairly smart use of Ethereum's smart contracts. The idea that the cyrptokitties can exist, breed and be traded independently of the creating company is an interesting concept, and I can see something of the allure of owning a verifiably unique cryptokitty.
That said I'm of something of a loss to explain the huge sums of money some of them are going for ( https://kittysales.herokuapp.com/ ). I suppose it's possible these sales are fake. Or it's possible that there are some early ethereum adopters out there with a huge willingness to gamble. Or perhaps I have it all wrong and they'll go down as a shrewd investment.