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CryptoKitties are going to conquer the Chinese market

Recently, the company-developer of the game Cryptokitties Axiom Zen announced its intention to win the Chinese market. Co-founder of CryptoKitties, Benny Jiang commented on this step of the company:

“We are incredibly happy to show China and the rest of the world that the potential of the blockbuster goes beyond crypto currency, such as bitcoin.”

The block-game CryptoKitties blew up the crypto-currency market in late November 2017. To date, the creators can boast 274,615 sales worth more than $ 19.35 billion. Built on the blockbuster of the Etherium, CryptoKitties uses the ether (ETH) as a game currency. One of the seals on December 6, 2017 was sold for 253.33 ETH, which at that time was the equivalent of $ 110,707. Now the same kitty costs $ 299,444.

These figures indicate that the game has been a huge success so far.

The biggest obstacle to CryptoKitties is the current scalability crisis of the Ethereum network. In December, the CryptoKitties transactions accounted for almost thirty percent of the total number of transactions on the Ethereum blockbuster. The game clearly marked the problem of scaling, formed a backlog (at some point it reached almost 30,000 transactions).

At the solution of this problem, the current Axiom Zen team is concentrated. Currently, the game CryptoKitties has more than 320,000 players, and a mobile game application in China has already downloaded millions of users. In an interview with TechNode, Jiang explained:

“If we are talking about the blockbuster of the Etherium, then it can not handle the transactions of millions of users in the form in which it exists now.”

He claims that since the launch of Cryptokitties Axiom Zen has been assigned a specific team to address the scalability problem, that the focus of this team is focused on studying long-term scalability solutions and is perceived “very seriously.” True, the problem is solved at the time of entering the huge Chinese market, there are no reports.

The post CryptoKitties are going to conquer the Chinese market appeared first on Digital Bodha.

This post first appeared on Cryptocurrency News | Bitcoin Mining Hardware | Dogecoin, please read the originial post: here

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CryptoKitties are going to conquer the Chinese market


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