The gamer's new craze 'CryptoKitties', costing millions of dollars

in #cryptocurrency7 years ago (edited)

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In the world of cryptocurrency's a week, the name 'cryptokitties' was discussed. It is basically a game that works based on the popular cryptoconcertation Etherium blockchain network. Since launching this game on Nov 28, the gamers are stumbling over the game to play the game.

In a CryptoKitty game, a gamer purchases a virtual pet cat and this cat is able to breed. Gamers are spending thousands of dollars worth of Ether (Etherium Blockchain Value Token) to purchase Cryptokitteise's Pets Cat.

But Etheriaam's Blockken Network can not raise this huge pressure on the transaction. As a result, huge transactions are stuck waiting for settlement.

In one report, Etherscan said that after the launch of the game, the amount of transactions in the settlement increased six times.

A website named Cryptocles has been found, so far the gamers have spent about six million dollars to play this game. The amount of this transaction is increasing every moment.

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Each key has unique properties

What is cryptokitty?

Virtual cat created using Etherium blockchain. Every creature in this game is completely unique, not compatible with one another. Each cryptoet has 256 bit gnome code.

Among the typical creatures, cryptocyte also has two different sex cats that can virtually breed. Cats are able to get different character traits for up to 400 million via digital DNA.

Some cryptic images may seem like living cats.

How much is a cryptokitty?

There are various price keys. The key is worth less than a dollar less than $ 1, and the price is worth more than one hundred thousand dollars. So far the highest price is being sold as 'Genesis'. The original generation (Generation Zero), which was first sold at 246.9 ether (about 1, 17 thousand dollars).

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'Genesis' has been sold for $ 1.17 billion
Ether only can be used to purchase cryptoqati. For this reason, in the browser, a wallet named Metamask is installed in the browser. Cryptokitese will then play and recharge the wallet from any exchange.

Where does it come from?

The game's manufacturer Xiamen Jane sells one of the keys in every 15 minutes. Apart from this, the breeding of those of the previous generation is also being borne by a large number of kits that are being purchased by others.

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When someone purchases a key, it's going to be connected to Ethiopian blockchain. As long as it is being sold, there will be no change in ownership of the key, even if the game is closed.

Why is slowing Etherium?

Basically for each cryptocurency, there is a separate cost for each transaction settlement. The sooner the transaction will be settled, the higher the cost. 10 percent of the total trading of Etherium network is now for the games. And in a short period of time, many transactions are going down. Etherium costs will also increase if you want to settle quickly.

However, Cryptokitties has said that the problem of each kit has been doubled by increasing the problem. It has also been asked to work on long-term solutions

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Correct me if i am wrong but i am pretty sure Genesis was NOT sold for $1.17 Billion , instead it was sold for $117,000. This is still a very impressive figure but nothing close to $1.17 Billion.

https://steemit.com/crypto/@keepinitreal/what-crypto-are-you-holding-non-promotion-poll

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