But the Cryptokitty-caused congestion on the Ethereum network is also exposing a core challenge facing blockchain builders: applications running on blockchains still are much slower than what we’ve come to expect from Internet apps. “Think breedable Beanie Babies,” says the game’s website.Ĭute. ![]() If you buy two, you can use more Ether to execute a program that makes your digital cats the parents of a new kitten. The most expensive one somehow went for more than $114,000, but the median sale price for a blockchain-secured, tradeable digital feline asset is currently $11.44 worth of Ether. If you’d like to buy a “cryptocollectible” cat, first you need some of Ethereum’s cryptocurrency, called Ether. Its sudden emergence has stressed the network, causing a significant backlog of pending transactions. ![]() Even though it just launched last week, CryptoKitties, a platform for “breeding” and trading collectible digital cats, is already too popular for the network to handle, accounting for 12 percent of all transactions on Ethereum.
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