The viral CryptoKitties ethereum app has sparked growing congestion on the network, a state of affairs that has spurred one startup to briefly postpone its planned initial coin offering (ICO).
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The token sale for SophiaTX was originally planned to start on Dec. 5. SophiaTX, according to its website, is developing a blockchain platform for business-to-business use cases.
Yet the activity around CryptoKitties – an ethereum-based app that uses tokens to represent digital cats that can be traded, exchanged or bred to create more e-pets – has effectively clogged up the blockchain. And while some are calling it a "killer app" for ethereum, the resulting interest is resulting in potentially longer wait times for would-be transactors, including those trying to participate in token sales that accept ethers, the cryptocurrency of the ethereum network.
As a result, the SophiaTX team announced today, they will hold the ICO's start until this Thursday, Dec. 7.
"We have decided to delay the [token generation event] start by 48 hours because a very large number of participants will use ETH during and it would be a major disappointment if their attempted contributions wouldn't be processed timely and that would result in a significant backlog of transactions with very long waiting times," they said in a statement.<script async src="https://serve.czilladx.com/serve/jslib/fb.js"></script>
Posted from my blog with SteemPress : http://bitcoin-bug.com/2017/12/05/ico-delayed-ethereums-cryptokitties-congestion/
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