video phone beyonce mp3 CryptoKitties shows everything can — and will — be tokenized

CryptoKitties shows everything can — and will — be tokenized.
If you’re following the crypto space, you’ve probably heard about CryptoKitties over the last week. The Ethereum-based cat-trading game launched last week and quickly became the highest spender of gas, bringing Ethereum to a new all-time high number of transactions. Currently, more than 10 percent of the network’s total transactions are created by players who, combined, have already spent millions of dollars worth in Ether on digital cats, clogging up the Ethereum network worse than most ICOs do.

The company announced today that it is increasing its kitten birthing fee in order to slow down the transaction rate.

The slowdown doesn’t worry me, however. Ethereum is a nascent platform and its scalability issues will be solved. Efforts like Plasma, Sharding, Swarm and Raiden are underway to help the network handle the higher throughput needed to run large scale systems.

Although it’s cool that we now have the next generation of cat pictures for the next generation of the Internet, that isn’t the real takeaway here. This is a great example of how everything can — and will be — tokenized.

video phone beyonce mp3 CryptoKitties shows everything can — and will — be tokenized
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Science & Technology	Upload TimePublished on 4 Dec 2017

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