CryptoKitties Becomes Largest Ethereum-Based Decentralized Application

CryptoKitties, the massively popular Ethereum-based digital kitten breeding app and collectibles marketplace, has surpassed major decentralized cryptocurrency exchange EtherDelta to become the largest decentralized application (dapp) on the Ethereum protocol by gas consumption.

Crypto Kitties Surpass Ether Delta Cointelegraph

According to ETH Gas Station, the CryptoKitties Ethereum smart contract accounted for 13.94 percent of Ethereum’s transaction volume over the last 1,500 blocks, surpassing non-custodial cryptocurrency exchanges EtherDelta and ShapeShift.

Reason behind the success of CryptoKitties

CryptoKitties allows anyone within the Ethereum network to purchase or sell breedable cartoon kittens. The decentralized structure of the Ethereum network disallows the alteration of ownership or production of fraudulent kittens, providing value to the kittens as collectibles with scarcity and rarity.

ProductHunt founder Ryan Hoover explained that CryptoKitties is essentially the first Ethereum-based decentralized Pokemon-like game, in which users can collect and breed digital kittens. The key difference between CryptoKitties and other games like Pokemon and Tamagotchi is that through a decentralized marketplace, users can purchase or sell breedable kittens with Ether.

Whatis Crypto Kitties Cointelegraph

As shown by Crypto Kitty Sales, three of the rarest and expensive digital kittens on CryptoKitties were sold for $114,573, $81,549, and $69,600 respectively, amounting more than 572 Ether.

The CryptoKitties dapp gained popularity amongst Ethereum users and members of the global cryptocurrency community primarily due to its unique model and its strategy. The CryptoKitties development team noted that the platform was created for everyone in the cryptocurrency sector, and it is not limited or exclusive to a handful of users and organizations…

Read Full: CryptoKitties Becomes Largest Ethereum-Based Decentralized Application