Ethereum Block Chain Congestion Was The Culprit Actually "Cloud Cat"


Posted April 6, 2018 by bitbullcapital

Each e-kitten is a unique piece of code on the blockchain platform, so there are no two kittens with the same look and feel.

 
A "suck cat" game, which was launched shortly, has dramatically eroded and even "overwhelmed" Ethereum Blockchain Hedge Fund in recent days. Beginning December 3, Ethereum pending transactions rose almost straight from less than 5,000 in the first half to nearly 20,000 in the morning on the 5th. This polygamy cat game called Cryptokitties is based on the Ethereum platform. Users in the game can raise, sell and breed "electronic pets" kittens, each kitten and reproductive offspring are unique.

(Electronic cat changeable image & breeding egg schematic)

In principle, each e-kitten is a unique piece of code on the blockchain platform, so there are no two kittens with the same look and feel. The price of each kitten is not fixed. According to the game's official website, Gen 0 cats are priced based on the prices of the five kittens most recently traded and must be purchased using ether.

Take the first-time kitten being sold as an example. The seller sets his price at 11.535 Ethemes (24,000 yuan).

(24,000 yuan electronic milk cat)

As mentioned above, there are no two identical cats. Pursuit of certain characteristics of the electronic cat will inevitably raise the transaction price. According to the game site, the most expensive electronic cat worth 125673 ether, together RMB 260 million.

(This is only the most expensive cat long)

Currently, the game's trading platform at least completed the sale of 20,000 electronic cats, the transaction amount of about 3.3 million US dollars. As the game spread like a virus, the transaction volume of Ethereum blockchain hit new highs and the transaction was congested.

From this game on line in November until December 3, Ethereum line of pending transactions almost no breakthrough 5000, but on the 3rd, the pending transactions rose almost straight to the 4 o'clock on the 4th around 10,000 already exceeded, On the afternoon of that day, it exceeded 15,000 and reached the 20,000 mark on the 5th near 6 am.

According to Ether Gas Info statistics, this game occupies more than 10% of Ethereum blockchain activities. No wonder the founders of BitBull Capital, the cryptocurrency fund, have all expressed surprise at the success of the game.

For more information about Cryptocurrency fund, visit https://www.bitbullcapital.com/
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Issued By BitBull Capital
Website Blockchain Hedge Fund
Country United States
Categories Finance
Tags blockchain hedge fund , cryptocurrency fund
Last Updated April 6, 2018