CryptoKitties Mania Overwhelms Ethereum Network's Processing – Bloomberg

Home » CryptoKitties Mania Overwhelms Ethereum Network's Processing – Bloomberg
CryptoKitties Mania Overwhelms Ethereum Network's Processing – Bloomberg

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Since its 2015 debut, digital evangelists have preached how the ethereum network will be perfect for applications such as managing supply chains and securities sales. What it’s actually used for is buying kittens.
CryptoKitties, an online game that debuted on Nov. 28, is now the most popular smart contract — essentially, an application that runs itself — on ethereum, accounting for 11 percent of all transactions on the network, according to ETH Gas Station. That’s up from 4 percent on Dec. 2 for the network, which uses the distributed-ledger technology known as blockchain.