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What Cryptokitties Can Teach Us About The Success Of Blockchain

What Cryptokitties Can Teach Us About The Success Of Blockchain

What CryptoKitties can teach us about the success of blockchain As someone who has been struggling with kitten addiction for many years, I was immediately attracted to the idea behind the CryptoKitties virtual feline collectibles game the first game to utilize Ethereum blockchain. CryptoKitties and I are, it seems, an ideal match. Ill admit Im far from an expert in cryptocurrencies and am often skeptical of the current crypto-fever, so I cannot focus intensely on thetechnological aspect of the phenomenon. Its the cultural aspect of the CryptoKitty craze that Im interested in, and here I will present a few key insights that I consider central to the viral success and notoriety of this particular blockchain project. When CryptoKitties emerged in late 2017, no one expected their massive popularity and success. After all, who could have predicted that a digital pet could end up selling for the equivalent of $113,000? Lets take a look at how this came to be. CryptoKitties is an Ethereum-based game, which means that each and every transaction in the game is logged and stored in the Ethereum blockchain. In a sense, CryptoKitties are a form of blockchain collectibles, as each of them has a unique genetic code and traits some rarer, more desirable or more expensive than others. Are you getting Neopets flashbacks already? Well, the developers prefer the comparison to Beanie Babies, the late 90s fad that had people paying extreme amounts of cash for collectible stuffed animals. However, unlike other collectibles, CryptoKitties have the capacity to breed and produce offspring with new, unique characteristics and traits. I know, I know it kind of sounds like a digital Beanie Babies puppy mill. Us millennials are the strangest breed of all. If it also sounds like a pyramid scheme, w Continue reading >>

Dharma Code School #1: Cat-lateralized Loans

Dharma Code School #1: Cat-lateralized Loans

Dharma Code School #1: Cat-lateralized Loans A series of interactive code school tutorials on how to create lending instruments and credit derivatives of various types using Dharma protocol. At Dharma , were building the infrastructure for the blockchain-based debt markets of the future, and we need you, the innovators and developers of the world, to build compelling lending applications on our protocol! To help you get acquainted with the Dharma development environment, weve created an interactive tutorial to walk you through the basics. In Lesson 1, youll create a simple peer-to-peer collateralized loan, which we call the Cat-lateralized Loan. Why Cat-lateralized, you ask? Because this isnt just any collateralized loan in this tutorial, youll learn how to build and crowdfund a loan with smart contracts thats trustlessly collateralized by a CryptoKitty . This allows any CryptoKitty owner to leverage their digital cat to get a loan, giving them cash derived from the value of their collectible without requiring them to sell their furry virtual pal. No longer will your CryptoKitties sit idle put those cuties to work! What we imagine a collateralized CryptoKitty lookslike. In Part 1, youll design a simple peer-to-peer debt agreement using smart contracts and Dharma protocol. In Part 2, youll learn how to leverage a CryptoKitty as collateral in the debt agreement you built in Part 1. Finally, in Part 3, youll use the dharma.js libraries to put it all together and trustlessly issue and crowdfund the collateralized debt agreement over Twitter. In this tutorial we leverage CryptoKitties as collateral, but the same smart contracts youll build in this tutorial could leverage virtually any non-fungible token CryptoPunks , Decentraland Plots , CryptoPets , CryptoPuppies , you nam Continue reading >>

Ethereum Accounts, Address And Contracts

Ethereum Accounts, Address And Contracts

pragma solidity ^0.4.11;/** * @title Ownable * @dev The Ownable contract has an owner address, and provides basic authorization control * functions, this simplifies the implementation of "user permissions". */contract Ownable { address public owner; /** * @dev The Ownable constructor sets the original `owner` of the contract to the sender * account. */ function Ownable() { owner = msg.sender; } /** * @dev Throws if called by any account other than the owner. */ modifier onlyOwner() { require(msg.sender == owner); _; } /** * @dev Allows the current owner to transfer control of the contract to a newOwner. * @param newOwner The address to transfer ownership to. */ function transferOwnership(address newOwner) onlyOwner { if (newOwner != address(0)) { owner = newOwner; } }}/// @title Interface for contracts conforming to ERC-721: Non-Fungible Tokens/// @author Dieter Shirley < [emailprotected] > (ERC721 { // Required methods function totalSupply() public view returns (uint256 total); function balanceOf(address _owner) public view returns (uint256 balance); function ownerOf(uint256 _tokenId) external view returns (address owner); function approve(address _to, uint256 _tokenId) external; function transfer(address _to, uint256 _tokenId) external; function transferFrom(address _from, address _to, uint256 _tokenId) external; // Events event Transfer(address from, address to, uint256 tokenId); event Approval(address owner, address approved, uint256 tokenId); // Optional // function name() public view returns (string name); // function symbol() public view returns (string symbol); // function tokensOfOwner(address _owner) external view returns (uint256[] tokenIds); // function tokenMetadata(uint256 _tokenId, string _preferredTransport) public view returns (string infoUrl); // ERC- Continue reading >>

Dapp Development - How Does Cryptokitties Work With Smart Contracts And Is There A Random Element To It? - Ethereum Stack Exchange

Dapp Development - How Does Cryptokitties Work With Smart Contracts And Is There A Random Element To It? - Ethereum Stack Exchange

How does cryptokitties work with smart contracts and is there a random element to it? I'm totally new to cryptokitties, but my understanding of cryptokitties so far is: It's a smart contract that generates new kitties according to your ethereum address. If you are breeding kitties, how does it handle randomness to "breed" different attributes of kitties? Can we see how the kitties smart contract is made? Can the crypto kitties website run as a standalone app (dapp) to interact with the ethereum blockchain? A large chunk of the contract can be seen here: The breeding algorithm is "sooper-sekret" and is handled by a contract that implements GeneScienceInterface. As not-an-Ethereum-developer, I don't know where that contract lives. But @comodoro does! it's at 0xf97e0A5b616dfFC913e72455Fde9eA8bBe946a2B Presumably, the source isn't published and you'd have to reverse engineer how the pseudorandomness is implemented. Also presumably why people from the cryptokitties creators aren't allowed to own the cryptokitties (at least, I read that somewhere): they'd get all the fancy cats! Continue reading >>

Learn How To Master Cryptokitties

Learn How To Master Cryptokitties

Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. You've heard there's a new kitty-related crypto fad in town, and you want in on the action. This is exactly what you're looking for. In this article, we'll explain how to play CryptoKitties , the game that's taking the world by storm (and earning some people a fair amount of money). SEE ALSO: Cryptokitties is Ethereum's hit game, but it's threatening the entire network CryptoKitties is a digital goods trading game that lives on the Ethereum blockchain. It lets you purchase, trade, and breed digital kittens. The game has no straightforward "goal" you can simply buy a digital kitten, and it will eternally be yours due to the nature of blockchain technology. However, kittens come with different visual features, called traits, and some of these traits are rarer than others. Naturally, most users are trying to breed rare cats, not only because they look cool, but also because they can be very expensive; one particularly rare cat was recently sold for more than a hundred thousand dollars. In fact, the total kitten sales so far are around $3 million dollars ; pretty impressive given the game launched last week. Before we go on any further, please note that this game requires ether (the currency of Ethereum) to play, which can be converted into real money, and that it can get expensive fast (though it can also be lucrative if you play your kittens right). It also resembles a bit of a pyramid structure, meaning that early adopters were able to buy rare kittens cheaper than you probably will be able to. Finally, the game is currently putting quite a strain on Ethereum's network, and if this becomes a serious proble Continue reading >>

This Man Has Made More Money Trading Cryptokitties Than Investing In His Ira

This Man Has Made More Money Trading Cryptokitties Than Investing In His Ira

This man has made more money trading cryptokitties than investing in his IRA CryptoKitties, a game where users breed and trade digital kitties using Ethereum-based smart contracts, has emerged as the latest mark of societys obsession with rising cryptocurrency values. In some ways, the popularity of the game reflects the skyrocketing values of digital currencies like Bitcoin and Ether. Total sales on the platform created by Canadian startup Axiom Zen have reportedly hit $12 million, according to Coin Telegraph , as some cats with rare attributes have been sold for upwards of $80,000 . Cryptokitties are generated by code, and bred by spending Ether tokens on smart contracts that use two base cats to create a new one. Each resulting cat is unique and persistent, recorded on Ethereums public ledger. While the game has proven wildly popular, CryptoKitties has also been plagued by network slowdowns, little game progression and automated bots that snipe deals. Its also placing a new load on the currency itself. The game has slowed down the Ethereum network by as much as 11 percent, Motherboard reported last week. But as the first successful game built on the Ethereum network, CryptoKitties success has hinted at the greater potential of apps powered by blockchain technology and given rise to a new wave of cryptocurrency speculation. Like Bitcoin and Ethereum, CryptoKitties allowed speculators to make a lot of money if they got in at the right time. One of those speculators is Todd, who wished to remain anonymous in order to disclose personal financial details. While we talked, the CryptoKitties site dipped in and out of commission. Todd is a 30-year-old entrepreneur and software designer from Austin, Texas. Hes also been the owner of 35 cryptokitties , an extension of his bro Continue reading >>

What Is Cryptokitties? A Beginners Guide On The Blockchain Collectible Cats

What Is Cryptokitties? A Beginners Guide On The Blockchain Collectible Cats

What is CryptoKitties? A Beginners Guide on the Blockchain Collectible Cats What is CryptoKitties? A Beginners Guide on the Blockchain Collectible Cats Last December, a new game became a trending fad in the blockchain world. Collectible CryptoKitties allowed users to buy, own, and trade unique, adorable cartoon cats on the blockchain. Around the time of launch, CryptoKitties was so successful that it slowed the Ethereum network. Just a few days after launch, users had already spent over $1 million on these collectible cats. The cool thing about CryptoKitties is theyre a demonstration. Of course, theyre fun and cute on their own. However, they also show the potential of blockchain for trading and securing digital assets. This was the driving principle behind the creation of CryptoKitties. In the white paper, the founders discuss the narrow focus of most blockchain projects on payments. Ultimately, they hoped CryptoKitties would help people expand their vision of what a blockchain could do. Most blockchain projects launch with a cryptocurrency. These are tradable tokens that represent some utility value in a project or even a share in a company. Token offerings have become an incredibly successful fundraising device for new startups. In some cases, too successful as projects with minimal expertise or roadmap can raise millions of dollars. CryptoKitties are not a currency. Instead, theyre blockchain assets. Theyre structured similarly to most other tokens. However, they have one major difference. Each CryptoKitty is unique, and theyre not meant to be fungible. Fungibility is key for a currency. It means that a dollar is a dollar, no matter where you got it, what year it was minted, or where it has been before you received it. They have value because we agree on their valu Continue reading >>

Cryptokitties Boom Proves Theres Money To Be Made In Decentralized Apps

Cryptokitties Boom Proves Theres Money To Be Made In Decentralized Apps

You may have heard about it if not, nows your chance CryptoKitties is taking the Ethereum world by the storm. Like that is the case with regular, centralized internet, decentralized internet some would argue is also getting all about cats, though not cat videos, at least not for the moment. As Im writing this, more than $10 million has been spent on cute digital cats through CryptoKitties , which obviously deserves our attention. CryptoKitties is the Ethereum-based digital kitten collectibles game, with each digital kitten representing a unique crypto asset and the ownership of it cannot be altered, as it is integrated onto the Ethereum blockchain. Anyone within the Ethereum network can purchase and then sell (for ether) breedable cartoon kittens, with the underlying technology (blockchain) preventing the alteration of ownership or production of fraudulent kittens. This in turn provides value to the kittens as collectibles with scarcity and rarity. Like that is still the case with most cryptocurrencies, there is no intrinsic value behind digital kittens. That, however, hasnt stopped the global cryptocurrency community from embracing the platform to get these cartoon kitties, quite the contrary. The future is exciting. And we believe that Blockchain is the future but Blockchain is about as approachable as a bunch of ones and zeroes, the CryptoKitties team said. We want a future for everyone, not one exclusive to Bitcoin miners, VCs, ICOs, and other equally fun acronyms. Five of the rarest digital kittens on the CryptoKitties platform were sold for over $100,000 each, and yes we gotta wonder whats the reason for anyone spending such money on a digital asset which is not a currency, no matter how cute it may be. But again, that hasnt stopped CryptoKitties from becoming th Continue reading >>

Github - Cryptocopycats/awesome-cryptokitties: A Collection About Awesome Cryptokitties (yes, Cute Little Cartoon Cats) On The Blockchain! And Cryptocopycats - Digital Collectibles Secured On A Distributed Public Databases W/ Crypto Hashes. Are Cryptopuppies The New Cryptokitties? Learn By Example From The Real World (anno 2017) - Buy! Sell! Hodl! Sire!

Github - Cryptocopycats/awesome-cryptokitties: A Collection About Awesome Cryptokitties (yes, Cute Little Cartoon Cats) On The Blockchain! And Cryptocopycats - Digital Collectibles Secured On A Distributed Public Databases W/ Crypto Hashes. Are Cryptopuppies The New Cryptokitties? Learn By Example From The Real World (anno 2017) - Buy! Sell! Hodl! Sire!

CryptoKitties (Yes, Cute Little Cartoon Cats) on the Blockchain! Collect and breed digital cats. Start meow. Buy! Sell! Hold! Q: What's CryptoKitties? What's the big deal? CryptoKitties is centered around breedable, collectible, and oh-so-adorable creatureswe call CryptoKitties! Each cat is one-of-a-kind and 100% owned by you (*);it cannot be replicated, taken away, or destroyed. CryptoKitties is built on blockchain technology.You can buy, sell, or trade your CryptoKitty like it was a traditional collectible,secure in the knowledge that blockchain will track ownership securely.But, unlike traditional collectibles, you can breed two CryptoKittiesto create a brand-new, genetically unique offspring.It results in something specialjust like you! (*): See Q: Do you really own your CryptoKitties? A: Spoiler: No. Learn more @ cryptokitties.co ,medium: cryptokitties ,twitter: CryptoKitties ,reddit: CryptoKitties All I want for Christmas is a CryptoKitty. Reigning Cats -How to buy cryptocurrency Ethereum is it worth as much as Bitcoin and what are CryptoKitties? , The Sun, Dec/28 - Players can buy and sell virtual cats for as much as $10,000 on the new digital currency - with their rather valuable 'Cattributes' CryptoKitties, Explained ... Mostly , The New York Times, Dec/28 - Why are $20 million and 180,000 people suddenly in the market for digital cats? We gamified the blockchain. Note: For official (twice weekly) updates / timeline see updates.cryptokitties.co . 2017 Oct/19 - CryptoKitties alpha test starts at ETH Waterloo (in Ontario, Canada) - an Ethereum hackathon; hundreds of users bred thousands of cats 2017 Nov/22 - CryptoKitties contract scripts uploaded onto the public Ethereum blockchain 2017 Nov/23 - CryptoKitties closed beta starts; one of the top three most active Continue reading >>

Scratch That: Cryptokitties Isn't Quite Ethereum's Vision For Apps - Coindesk

Scratch That: Cryptokitties Isn't Quite Ethereum's Vision For Apps - Coindesk

Scratch That: CryptoKitties Isn't Quite Ethereum's Vision for Apps Ethereum creator Vitalik Buterin cried himself to sleep the night "World of Warcraft" maker Blizzard Entertainment altered his "belovedwarlock's Siphon Life spell." According to Buterin, the online role-playing game forever changed his outlook toward app development."On that day, I realized what horrors centralized services can bring," he writes on his official "About.me." Aspiring to offer a "world computer," ethereum has sought to stop similar occurrences by providing a platform on which decentralized applications (dapps) can run. But while a whole slew of startups is developing ethereum solutions for everything from social media to file sharing, none have yet to see a large, mainstream audience. An internet-based game for buying, selling and breeding adorable digital kittens, CryptoKitties has found itself in the center of a pop culture storm. Many have lauded the app for giving new users an easy, fun way to learn about cryptocurrency protocols, but others are strongly opposed to the app, which has been the cause of serious backlogs and rising transaction fees on the network. But there's another issue with CryptoKitties that's being increasing called to attention: namely, your kitty isn't as decentralized as you think. As least, that's the contention of some critics , who claim CryptoKitties, like World of Warcraft before it, is under the control of a central authority. Widely heralded as an unprecedented success for ethereum, questions have now begun to emerge about whether it's at the sacrifice of the fundamental concept of the project. What's to stop the owner of the CryptoKitties smart contract, Kitty Core, from editing the algorithm and mutating a kitty against the will of its owner? According t Continue reading >>

Cryptokitties: The Tech Behind Thecraze

Cryptokitties: The Tech Behind Thecraze

Kitties have officially taken over the blockchain. Several articles have been written about the kitty phenomena and they have received significant mainstream exposure as well. In fact, even Vitalik Buterin has gotten in on the act! So, just to give you a very brief idea , cryptokitties is one of the first games that has been created on the blockchain. The idea is to breed, collect and hold digital kitties. The game was made by Vancouver based blockchain company Axiom Zen . Like I have said before, there have been many articles written on the topic and that you can checkout. In this article, we are going to look under the hood. We are going to see the nuts and bolts that powers this whole system. Also I want to aPAWlogise in advance for all the cat puns (it has begun already hasnt it?). Genetic algorithm is an optimisation technique used to solve non-linear optimisation problems. It works pretty much the way biological genetics works. It starts with an initial generation of candidate solutions that have been tests against the objective function. The algorithm then generates subsequent solutions from these parent solutions using bio-inspired operators like: selection, crossover, and mutation. While the genes inside our body consists of proteins and various other elements, in GA they are represented via numbers. So lets take a look at how evolution works using genetic algorithm. We will only be using binary cases i.e. cases where the genes can be represented as 1s and 0s. Selection: Selection basically means retaining the best performing parents from one generation to the next. These well-performing parents are the ones that are preferred for reproduction. So eg. the two parents chosen via selection are: Cryptokitties uses the Genetic Algorithm to create a new kitty. It u Continue reading >>

Cryptokitties Broke Ethereum. Heres Why They Would Thrive On Enjincoin

Cryptokitties Broke Ethereum. Heres Why They Would Thrive On Enjincoin

Gaming Network & Smart Cryptocurrency for Gaming CryptoKitties Broke Ethereum. Heres Why They Would Thrive on EnjinCoin CryptoKitties have clogged the network. Enjin Coins original architecture is designed to solve thisproblem. Unfortunately, Ethereum platform is having a bit of trouble with handling CryptoKitties. The game accounts for more than 10% of the activity on Ethereum blockchain, the network is clogged, and the team behind the game had to resort to increasing the gas price in order to keep the game stable. Enjin Coin was mentioned on VentureBeat as a project that aims to fix this and take gaming to the next level, so we felt a need to explain how we solved this problem. The Enjin Coin platform is optimized for low gas fees and fast response in modern video games, and would allow building rich games like CryptoKitties without the associated network problems. Contract storage is the most costly operation that can be performed on Ethereum. Enjin Coins philosophy is to have a rich client and minimal blockchain. Games using Enjin Coin items will not suffer from high gas fees, because all the metadata for items is handled by the games themselves. The blockchain only needs to maintain the smallest necessary amount of data needed to validate a players ownership. We were the first to pioneer the concept of a monolithic token contract , and this idea is now being used in games like CryptoKitties and their proposal for an ERC-721 standard. In our design , all tokens are stored in a single smart contract, which drastically reduces the fees associated with deploying new tokens. Almost every ERC-20 token on Ethereum today is bloating the blockchain and making it more expensive to use, because up to 99% of token code is redundant. Our innovative solution was to re-use all s Continue reading >>

How To Code Your Own Cryptokitties-style Game Onethereum

How To Code Your Own Cryptokitties-style Game Onethereum

Co-founder at Loom Network. Building scalable blockchains for large-scale online games and social apps Creators of CryptoZombies.io How to Code Your Own CryptoKitties-Style Game onEthereum CryptoKitties has done a great job of demonstrating what blockchains can be used for beyond just simple financial transactions. Im hoping well start to see a lot more innovative uses of the blockchain for games like this in the future, so I wanted to write a quick walkthrough of the code behind CryptoKitties to show how it was implemented beneath the surface. This article is written for developers, and while its not an absolute-beginners introduction to Solidity, I tried to include links to documentation to make it as accessible as possible to developers of all levels. Almost all of the CryptoKitties code is open source, so the best way to figure out how it works is to read through the source code. Its around 2,000 lines total, so in this article Im going to be walking through only the sections I think are most important. But heres a copy of the full contract code on EthFiddle if you want to read through it on your own: Powered by EthFiddle, the #1 Solidity code-sharing siteethfiddle.com If youre not familiar with what CryptoKitties is, its basically a game for buying, selling, and breeding digital cats. Each cat has a unique appearance that is defined by its genes, and when you breed 2 cats together, their genes combine in a unique way to produce an offspring, which you can then breed or sell. The code for CryptoKitties is split into a number of smaller contracts in order to keep related code bundled together without having one single giant file with everything in it. The subcontract inheritance for the main kitty contract looks like this: contract KittyOwnership is KittyBase, ERC72 Continue reading >>

Crypto Kitties And Network Backlog

Crypto Kitties And Network Backlog

The Crypto Kitties application is causing major disruption to the Ethereum network. Ultimately this is good for Ethereum. For the reasons why, well, this is a good read. vDice smart contracts are processing bets with significant delays. Further, due to the increase in the uncle blocks caused by thenetwork backlog, the randomDS Txs are failing more often. Specifically in relation to vSlots , there is an updated version of the vSlot solidity code which will be deployed before the weekend. It is recommended to wait, and dont play vSlots until the code update. With this update code, the blockchain re-orgs wont cause the callbackto fail completely and waste all gas, as is happening now. Thiswould allow an attempted resend of the callback tx once the calling tx hasbeen included in the new longest chain. Also in this update code, if theproof verification fails for any reasons, the user is refunded. Redeployment of the LedgerRandomProofVerifier will includea small fix of the verification of the randomDS proof included in theethereumAPI. We are aiming to push these codebase changes and updates to vSlots before the weekend. Ultimately, Ethereum is a new technology that will emerge stronger from such situations. Popular applications are a sign of utility and strength. Lets never forget that. Your email address will not be published. Required fields are marked * Next game: vPax - nearing dev. completion. Scheduled for end of April release. blog.vdice.io/development-up #ethereum #blockchain #gambling The Most Popular Ether Betting Games in the Universe Where can I see my betting result history? Bets always return a transaction. Either your win amount, or 1 wei to confirm a loss. Depending on your wallet and its setup, it may not display such transactions. But for quick reference, j Continue reading >>

The Big Business Of Cryptokitties Is Being Automated

The Big Business Of Cryptokitties Is Being Automated

The Big Business of CryptoKitties Is Being Automated Great, now digital kitten mills are a thing. The most popular use of Ethereum right now isnt startup fundraising or anything even remotely useful. Instead, people are sucking up Ethereums resources to breed and trade digital cats called CryptoKitties. Theyre basically Beanie Babies, except they dont physically exist, and so far the Ethereum community has collectively spent over $2 million USD on them. With so much money on the line, some CryptoKitty players are coding tools to automate parts of their digital kitten mills, mostly with apps that scan for high-value kitties. At least one tool on GitHub, an online repository for open source code, purports to be a trading bot. Organic CryptoKitty traffic is already clogging up the entire Ethereum network , and the specter of bots has made some manual users understandably frustrated . Read More: 11% of Traffic on the Ethereum Blockchain Is Being Used to Breed Digital Cats CryptoKitties is an app by Canadian startup Axiom Zen, and it was introduced to the world at an Ethereum hackathon at the University of Waterloo in October. The game works like this: the CryptoKitty code continually generates new, basic cats (called gen0 kitties), which the community then breeds and trades. Breeding two kitties involves sending some ether, Ethereums in-house cryptocurrency, to smart contracts that use the two base values to create a new one: a brand new kitty! Its all on the blockchain, in public view, which means that every CryptoKitty is provably unique. Some kitties have sold for as much as $75,000 USD . One Reddit user, who posted that they (manually) buy cheap gen0 cats just to breed and sell, told me in a private message that they are considering canceling a vacation to the Grand Ca Continue reading >>

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