LATEST ATTACK ON ETHEREUM NETWORK IS BY A BUNCH OF CATS!
ETH ATTACK
These harmless-looking feline fellows (see image below) - dubbed CryptoKitties are the latest craze to 'threaten' the Ethereum Network's scalability.
WHAT IS CRYPTOKITTIES?
Cryptokitties is basically an game (or ETH blockchain- based application) about collectable and breedable cats. Each virtual cat with it's unique 'cattributes' can be considered to be equivalent to a unique crypto-asset token.
CRAZE
The craze has been to BUY, BREED/SIRE and SELL these CyptoKitties for profit on the CryptoKitties Marketplace. Some founder cats acquired by early adopters of this game for small amounts of Ether would later sell for huge fortunes.
Cheapest Kittie - 0.0429 ETH
Most Expensive Kitty - 143 638 ETH
NETWORK CONGESTION
Kitty trading has single-handedly slowed down the Ethereum Network and pushed gas fees up as CryptoKitty transactions alone now account for more than 15% of the entire Ethereum Network traffic. See EthGasStation Top 10 gas guzzlers.
Images source: www.cryptokitties.co
And so it’s like a trading card game just without the battle? or do these kitties just look cute and you buy, collect and hold? ....
On second thought I’m not sure I want to get involved in this haha
Its really crazy. You can buy, breed them to get more (in quatity as well as in cool 'cattrbutes') then sell them. Its a trading of sorts. One guy posted that he made a cool thousand bucks from buying and selling a cat over the weekend.