What would the blockchain be without cats? Cryptokitties is making sure we never have to find out the answer to that question. Cryptokitties is a decentralized application running on the Ethereum network, allowing users to buy and sell digital versions of cats!
Each cat has a unique 256 bit “DNA sequence” that determines characteristics such as coat, whiskers, eyes, and many more! This guarantees that each Cryptokitty is unique!
The dApp is taking the Ethereum network by storm, as all money transacted has now exceeded $2 Million USD (as of 12/6/2017). Cryptokitties has proven so popular it now accounts for 15% of all traffic on the network. This has led to some backlog issues on the Ethereum blockchain, bringing the community the realization that the network is going to have to scale soon.
Will Cryptokitties last, or is it just another fad?