Diller5
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December 10, 2017, 08:38:38 PM |
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In addition to CryptoKittie, Cryptocrabs already appeared
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portmanbtc
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December 10, 2017, 08:41:18 PM |
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At now recommended gas prices 17 gwei. Yesterday was 30-45. The popularity of cats began to fall?
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CaptainKid
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December 10, 2017, 08:42:30 PM |
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My opinion is that the CryptoKittie craze has been very good for Ethereum. I've seen comments that the Ethereum network can't handle a large number of transactions but this is patently untrue.
Prior to the cats being let out of the bag, in one day about 10 days ago now, Ethereum processed over 500,000 transactions, more than half of ALL cryptocurrency transactions and the vast majority of those were at approx 12 seconds and for a very low gas price.
Since then, the number of transactions per day has been increasing up to almost 800,000, even with kitties and dwarfing transactions by all other currencies combined!
Yes, transaction times have increased as has the price of gas (which is extremely frustrating), but this is due to scaling which will be sorted out in due course with solutions coming on board, in fact some are already on the mainnet.
We have Plasma, Raiden and in particular, Sharding, to look forward to which will not only bring transaction times back down again, but also GAS fees.
The crypto world has never seen the like of kitties before and even CryptoKitties themselves never expected such a reaction to their project, it's unprecedented but actually works and is continuing to do so.
This can only bode well for the future as we are now aware of the issues at a very early stage in the Ethereum network development and development of solutions will now be at the forefront of developers minds.
Rather than be disheartened this is positive I believe.
I can assume that you invested very well in ethereum After your news, the price for it will grow, I'm sure. In fact, I also think that, ethereum will only become stronger when these tests pass!
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xiaohang07
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Open and Transparent Science Powered By Blockchain
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December 10, 2017, 09:55:35 PM |
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I tried cryptoKitties this morning. I really like it. It really demonstrates what a smart contract platform can do, granting Eth more media exposure.
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maxxdxx
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December 11, 2017, 01:20:42 AM |
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Anyone noticed (the coincidence) how massively the price dropped around the time when CryptoKittens surfaced? So perhaps some investors were not amused?
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Triple
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December 11, 2017, 01:25:19 AM |
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I don't get what you're saying really. Sure ETH is handling a lot more transactions, but from what I can tell, it's slowing confirmation times by a huge amount. I don't see how this is better for Ether. All I have heard for the past couple of days is the confirmation times being delayed and high gas prices etc etc. Am I understanding you wrong and could you please explain more?
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Available for Rent - 25 Posts $100/Week. PM me
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jubalix
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December 11, 2017, 01:30:30 AM |
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CK forces quicker dev of capacity tech or ETH so good.
Its kinda of funny though all these serious apps, and first blockbuster app is......Crypto Kitties, which must now forever be stored in the block chain.
I think CK may the app to actually make IOTA work!
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bribed
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December 11, 2017, 01:35:24 AM |
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My opinion is that the CryptoKittie craze has been very good for Ethereum. I've seen comments that the Ethereum network can't handle a large number of transactions but this is patently untrue.
Prior to the cats being let out of the bag, in one day about 10 days ago now, Ethereum processed over 500,000 transactions, more than half of ALL cryptocurrency transactions and the vast majority of those were at approx 12 seconds and for a very low gas price.
Since then, the number of transactions per day has been increasing up to almost 800,000, even with kitties and dwarfing transactions by all other currencies combined!
Yes, transaction times have increased as has the price of gas (which is extremely frustrating), but this is due to scaling which will be sorted out in due course with solutions coming on board, in fact some are already on the mainnet.
We have Plasma, Raiden and in particular, Sharding, to look forward to which will not only bring transaction times back down again, but also GAS fees.
The crypto world has never seen the like of kitties before and even CryptoKitties themselves never expected such a reaction to their project, it's unprecedented but actually works and is continuing to do so.
This can only bode well for the future as we are now aware of the issues at a very early stage in the Ethereum network development and development of solutions will now be at the forefront of developers minds.
Rather than be disheartened this is positive I believe.
I think you make some good points here and I agree with them. Cryptokitties has shown Ethereum where to work on and as things seem to settle down now, Ethereum network will continue to shine and it will be stronger than ever.
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brushtooth
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Merit: 11
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December 11, 2017, 01:37:33 AM |
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The fact that the network is slowly starting to return to normality and processing transactions can be taken with an air of positivity but still the overall vibe will be that many things have ground to a halt for a few days because of the ridiculous fees needed to process a transaction with any speed. I agree in time ETH will be huge but I struggle to take much hope from this period, scalability solutions can't come soon enough.
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SparkyU
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December 11, 2017, 01:46:16 AM |
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The issue is though what happens when 10 games like this are created and running at once. You know how crypto works, 1 things becomes poplular and then a bunch of other people make a ton of clones of it. 1 was enough to cause a major headache, many more will grind it to a halt.
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bribed
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December 12, 2017, 02:16:27 AM |
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The issue is though what happens when 10 games like this are created and running at once. You know how crypto works, 1 things becomes poplular and then a bunch of other people make a ton of clones of it. 1 was enough to cause a major headache, many more will grind it to a halt.
Agreed, Im also wondering what this will be like, and as you said, its almost certain that we will soon see a lot of copyCATS. Curious if this kind of games will cause real damage to the network or if there will be measures in place from the Ethereum devs to prevent this. Nevertheless the market seems to have reacted now to the resolved network congestion, Ethereum broke the $500 mark again.
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Saifher
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December 12, 2017, 02:18:05 AM |
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Cryptokitties was just a taste of whats to come. But if plenty of popular dapps start popping up too quickly i think the fee problem will come back to haunt us... We still need more capacity to withstand the huge crowd that is coming
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erichall
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December 12, 2017, 02:31:56 AM |
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Cryptokitties killed my ethereum transaction. Now it takes much more juice to get them going
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v3liana
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December 12, 2017, 03:20:02 AM |
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yes crypto kitties only makes ethereum stronger even though it makes eth transaction slow. its prove that games could use blockchain and i think if ethereum could be used in many more complicated game the industry of game would be big so as the ethereum
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cliffhanger35
Newbie
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December 12, 2017, 03:41:32 AM |
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Yeah I am annoyed with the crypto kittens too. I was trying to invest in the Angel Token ICO but my Ether just kept coming back in my wallet. I had no idea what was going on until they explained I needed to increase the gas price. I always thought that was automatic. Anyway, finally got my 13,000 Angel Tokens now and very very happy with that!
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OneUnderBridge
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December 12, 2017, 05:04:20 AM |
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Somebody needs to build a DApp, called cryptopups, specifically designed to maul cryptokitties! Maybe it could fork off of cryptokitties and "eat" kitties to get more valuable until all them damn kitties are gone and all the pups are resigned to cannibalism. There has to be an innovative remedy to this problem.
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thaliaand
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December 12, 2017, 05:15:44 AM |
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I'm sure ethereum devs now got lot of things to do in order to solve the blockchain network problem caused by the "kitties". Well, i think this will be another huge step for ethereum network to become better in the near future. Just take this mess as a trial
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disconnectme
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December 13, 2017, 03:19:10 PM |
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I think the effect it has on the network has also helps to popularize the game or what it is, Ethereum team need to work on their platform because if this had gained more traction than this it could have cause worse damage to the platform than this, but it seems no one is trying to take advantages of the lapses in Ethereum currently
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Maloppo
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December 13, 2017, 03:28:39 PM |
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I think the effect it has on the network has also helps to popularize the game or what it is, Ethereum team need to work on their platform because if this had gained more traction than this it could have cause worse damage to the platform than this, but it seems no one is trying to take advantages of the lapses in Ethereum currently
I agree that The ethereum team need to hard work on their platfom to solved this problem if many of game developer to using the ethereum platform, surely the ethereum platform is crash
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dasha_buka
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December 15, 2017, 04:10:51 PM |
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Yes you are right ,but they inhibit transactions in the last two weeks of the transaction a very long walk
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