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CryptoKitties Craze Slowing Down Ethereum Transactions

Virtual kittens, the latest craze in the world of cryptocurrencies is slowing down the transactions on the second biggest virtual currency, Ethereum.

Cryptokitties allows players to breed and buy so called “crypto-pets” on Ethereum’s blockchain network.

The game’s developers told the Bloomberg news agency that CryptoKitties was a “key step” to making blockchains more accessible.

However this new craze has brought some issues to the blockchain technology, its lack of being able to scale.

Etherscan has reported a sixfold increase in pending transactions on Ethereum since the game’s release, by the Axiom Zen innovation studio, on 28 November.

“CryptoKitties has become so popular that it’s taking up a significant amount of available space for transactions on the Ethereum platform,” said Garrick Hileman, from the Cambridge Centre for Alternative Finance.

“Some people are concerned that a frivolous game is now going to be crowding out more serious, significant-seeming business uses.”

It’s been estimated that over $4 Million has been spent on these virtual cats as of 05/12/2017.

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