People Are Buying Ethereum Just To Play CryptoKitties And It Is Causing A Clog
CryptoKitties is the new trend that is being adopted by people all over the world and it is forming a bridge between everyday people and cryptocurrency. Having that said people are buying Ethereum just to play CryptoKitties and that can be seen as a problem. While it is great that people are indulging themselves in this new game there are drawbacks for cryptocurrency miners.
Cryptocurrency might be complicated for the uninitiated but CryptoKitties is making it all very simple indeed. While that is the case on a serious note the number of transactions on Ethereum has increased dramatically. As the number of pending Ethereum transactions increase you can it is hard to say whether or not the digital currency will be able to handle the load.
You can check out the increase in Ethereum transactions since the game came out in the graph below.
CryptoKitties accounts for 12% of all Ethereum transactions which has increased threefold since December 2nd. The value of these cats is increasing pretty much. The most expensive cat that we know of right now cost 100,000 pounds. Kittens have also been sold for $117,000 and $5,000. Some of the cats that have been sold at pretty high prices are as follows:
|Riker | Founder Cat #2||$71,506.65|
|Founder Cat #9||$41,039.71|
Network clogging has caused the birthing fee to increase from 0.001 ETH to 0.002 ETH. Every kitten is unique and no 2 are alike. This makes then very valuable depending on the characteristics that they share. You can get two cats and breed them in order to get more cats and sell them if you want but each cat has a cooldown.
All this might seem complicated at first but it is pretty easy once you get a hang of it. More and more people are playing the game now that they know how much money they can gain from the game.
Let us know what you think about CryptoKitties and whether or not you are interested in playing the game.