Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: bbc.reporter on December 06, 2017, 03:57:11 AM



Title: ICO Delayed by Ethereum's CryptoKitties Congestion
Post by: bbc.reporter on December 06, 2017, 03:57:11 AM
This is bad news for ICOs. This new found use case for Ethereum is not only going to explode in popularity, but it is also going to create more competitors who want to make money from the same idea.

I hope Vitalik finds a realistic way to make the platform scale within a year.

https://video-images.vice.com/_uncategorized/1508434351530-Mother-and-Board.png

The token sale for SophiaTX was originally planned to start on Dec. 5. SophiaTX, according to its website, is developing a blockchain platform for business-to-business use cases.

Yet the activity around CryptoKitties – an ethereum-based app that uses tokens to represent digital cats that can be traded, exchanged or bred to create more e-pets – has effectively clogged up the blockchain. And while some are calling it a "killer app" for ethereum, the resulting interest is resulting in potentially longer wait times for would-be transactors, including those trying to participate in token sales that accept ethers, the cryptocurrency of the ethereum network.


Read in full https://www.coindesk.com/ethereums-cryptokitties-blockchain-deluge-sparks-ico-delay/