Bitcoin is certainly the leader of the cryptocurrency market, breaking a new record, but Ethereum is not left out and even threatens the supremacy of Bitcoin thanks to its ... virtual cats!
The concept of CryptoKitties
If you have been addicted to Pokémon Go for a long time, you will surely love the new game on the Ethereum network, CryptoKitties. Thanks to this rather original name, you can already imagine the concept of the game.
It is based on the sale and purchase of digital chat on the Ethereum blockchain. But in addition to the chat transaction, users can also heal their pet kittens to obtain rare attributes called cattributes. Better yet, if you have two songs, you can "mix" them to create another kitten of an even rarer species.
Consequences of the dazzling success of "crypto-cats"
All the possibilities offered by this little game makes it very attractive, to the point of generating no less than 500,000 daily transactions. Better yet, CryptoKitties now occupies 14% of flows on the Ethereum network while it was still only 4% a few days ago.
But now, all this craze around the game of kitten generates bugs and long latency at the blockchain Ethereum. Due to the sale and purchase of ever-growing digital felines, some traditional transactions had to be discontinued including the SophiaTX ICO. Yet planned last Tuesday, the fundraising of this platform blockchain "business to business" was simply suspended until the Ethereum network is back in order.
The solution found by CryptoKitties
To avoid the suspension or even the end of this famous game of chat which has already brought more than one million dollars of expenses to the users, the creators of CryptoKitties simply decided to increase the user fees. For example, the cost of "giving birth" to a small kitten increased from 0.001 ETH to 0.002 ETH.
It remains to be seen if this increase of 100% of expenses will be able to solve the problems of latency on the blockchain Ethereum, knowing that the "pet cats" CryptoKitties already seem to be essential.
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Bitcoin is certainly the leader of the cryptocurrency market, breaking a new record, but Ethereum is not left out and even threatens the supremacy of Bitcoin thanks to its ... virtual cats!