Topic: CryptoKitties proves Ethereum and it will only get better. - page 4. (Read 782 times)
Yes, I think the cryptokitty is a good way to prove the ETH network is good though there is some crowded situations. I also think it is a good way to Let more people know the value of ETH.
I agree. The case with CryptoKitties does not so much indicate that the system has serious vulnerabilities, as it demonstrates that the Ethereum blockchain’s technological development lags behind its popularity. The system just didn’t have enough capacity to accommodate so many users at once.
Public's interest in Etherium also offers many positive moments. It means that we will have more experienced users with knowledge concerning proper storage of cryptocurrency, as well as about the means to protect their assets.
The most pertinent danger for Ethereum-based cryptocurrencies and other types of blockchain-based digital money is centralization.There is still a possibility that a pool of rich individuals or companies may buy all the digital assets in a decentralized system
for their own financial or other benefit.
Public's interest in Etherium also offers many positive moments. It means that we will have more experienced users with knowledge concerning proper storage of cryptocurrency, as well as about the means to protect their assets.
The most pertinent danger for Ethereum-based cryptocurrencies and other types of blockchain-based digital money is centralization.There is still a possibility that a pool of rich individuals or companies may buy all the digital assets in a decentralized system
for their own financial or other benefit.
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.
This just about the matter of time when ethereum will be implemented all of the scalability solutions and when sharding blockchain will real and a lot of the dapps will build on the ethereum platform. Cryptokitties just proves us about how the dapps that build in ethereum platform is really working right now. That's different with bullshit SDK by a competitor.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.
Here is a chart showing the growth in transaction numbers on the Ethereum network, prior to and since the introduction of CryptoKitties.
https://bitinfocharts.com/comparison/ethereum-transactions.html
Also
Ethereum has approximately 22k pending transactions as can be seen here:
https://etherscan.io/chart/pendingtx
And Bitcoin has over 210k pending transactions as can be seen here:
https://blockchain.info/unconfirmed-transactions
https://bitinfocharts.com/comparison/ethereum-transactions.html
Also
Ethereum has approximately 22k pending transactions as can be seen here:
https://etherscan.io/chart/pendingtx
And Bitcoin has over 210k pending transactions as can be seen here:
https://blockchain.info/unconfirmed-transactions
I don't know yet all details regarding this kittens, but it's really making the transactions too slow, it can be a good additional features if it will not cause too much delays.
Here is a chart showing the growth in transaction numbers on the Ethereum network, prior to and since the introduction of CryptoKitties.
https://bitinfocharts.com/comparison/ethereum-transactions.html
Also
Ethereum has approximately 22k pending transactions as can be seen here:
https://etherscan.io/chart/pendingtx
And Bitcoin has over 210k pending transactions as can be seen here:
https://blockchain.info/unconfirmed-transactions
https://bitinfocharts.com/comparison/ethereum-transactions.html
Also
Ethereum has approximately 22k pending transactions as can be seen here:
https://etherscan.io/chart/pendingtx
And Bitcoin has over 210k pending transactions as can be seen here:
https://blockchain.info/unconfirmed-transactions
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.
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.
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