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Ethereum Network Slow

Slow Transaction Speed : Ethereum

Slow Transaction Speed : Ethereum

Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

What Cryptokitties Reveals About Ethereum Scalability Issues

What Cryptokitties Reveals About Ethereum Scalability Issues

What CryptoKitties Reveals About Ethereum Scalability Issues Join our community of 10 000 traders on Hacked.com for just $39 per month. In case you thought 2017 couldnt get any weirder, the world is now obsessed with virtual cats. CryptoKitties is a virtual game that allows players to collect and breed digital cats. In the games short lifespan (it launched on November 28th) it has already drawn interest from players across the globe. Many users are drawn to the game because it is completely personalized. The cats an individual breeds or collects are uniquely their own and cannot be cloned by other users. When users breed their own cats they can add distinctive colors, facial features, or backgrounds to distinguish their cats from other users on the marketplace. Once a cat has been bred, its creator can sell it on the marketplace. As of December 11th, 2017, these virtual cats had generated an estimated $12 million in sales . Although the trading of virtual cats might seem like a silly, fleeting trend, the transactional aspect may have long-term implications. What really sets CryptoKitties apart from other addictive online games is its Ethereum foundation. The marketplace, developed by AxiomZen , was built on Ethereums blockchain ledger, and users buy and sell cats on the protocol using Ethereums proprietary token, Ether. CryptoKitties has quickly become the most popular smart contract on Ethereum, and as of December 10th, 2017, the marketplace accounted for almost 15% of Ethereums total network transactions . In many respects, the mass hysteria surrounding these kittens is a win for the blockchain industry, as a whole. The game has brought blockchain technologyspecifically Ethereuminto mainstream media. One of the biggest issues hindering the progress and dissemination Continue reading >>

Loveable Digital Kittens Are Clogging Ethereum's Blockchain - Coindesk

Loveable Digital Kittens Are Clogging Ethereum's Blockchain - Coindesk

Loveable Digital Kittens Are Clogging Ethereum's Blockchain That might be the case on ethereum, where one project is proving so popular it's putting pressure on the network's technology.Best thought of as a decentralized Tamagotchi ,CryptoKitties appears to be striking a nerve with new users, making ethereum fun and accessible to those who aren't in the tech nerd domain. Already, the app, which uses ethereum's blockchain to create a public, shared history of cryptographically unique (not to mention cute and cuddly) fluffballs, is ethereum's most popular , with users having spent at least $3 million total onbreeding, buying and selling the in-game items, up from $1 million just yesterday. And currently, the average cat is trading for $100 in ether. But the application is clogging the ethereum network, putting transactions in a long-time limbo. "Due to network congestion, we are increasing the birthing fee from 0.001 ETH to 0.002 ETH. This will ensure your kittens are born on time!" the CryptoKitties team stated in a tweet surrounded by siren emojis to express the direness of the situation. In its short lifespan, CryptoKitties has grown to make up 20 percent of all ethereum computations, a number that seems to still be growing. While it's certainly not the sole culprit behind ethereum's lagging transactions, as ethereum developer Nick Johnson pointed out, it is one, and at the very least, it's where people are placing the blame for exposing ethereum's limits. "CryptoKitties is definitely a significant contributor to network congestion, and it may have been what pushed us over the edge from mostly-full blocks to full blocks in the last day or so." The issue is a bit ironic, seeing how ethereum is touted as a world "world computer" that hosts unstoppable decentralized appl Continue reading >>

Ethereum Explores A Fix For Blockchain's Performance Problem

Ethereum Explores A Fix For Blockchain's Performance Problem

Ethereum explores a fix for blockchain's performance problem The Ethereum Foundation is seeking outside developers to help solve a performance issue native to blockchain its inability to sufficiently scale. Use commas to separate multiple email addresses The creator of the open-source blockchain platform Ethereum is exploring ways to fix an innate issue with the technology - the inability for processing capacity to effectively scale. And the Ethereum Foundation is seeking outside developers to help solve the scaling problem. Ethereum and Hyperledger are the world's leading blockchain platforms and the basis for a myriad number of applications , from cryptocurrencies such as Ethereum's Ether to "smart" or self-executing online contracts . [ Related: The top 5 problems with blockchain ] While open and efficient because all transactions in the peer-to-peer distributed ledger technology can be seen in real time, one performance problem has been that every entry on a blockchain requires every node to process it . This has the potential to slow transactions such as payments. Due to its chain nature, each new record inserted into a blockchain has to be serialized, which means that the rate of updates is slower than traditional databases, which can update data in parallel. "This expensive and slow process is justifiable for a global network where all participants are potentially malicious," Bharath Rao, founder of Ethereum exchange Leverj, said in an earlier interview with Computerworld. "In a corporate environment, where all participation is controlled, it does not make sense to spend a lot of energy and time for essentially no additional benefit." While requiring all nodes (servers) to process each transaction makes blockchain natively resilient to cyberattacks as hundreds o Continue reading >>

Cat Fight? Ethereum Users Clash Over Cryptokitties - Coindesk

Cat Fight? Ethereum Users Clash Over Cryptokitties - Coindesk

Cat Fight? Ethereum Users Clash Over CryptoKitties Ethereum users are calling for a solution to the protocol's CryptoKitties invasion. As profiled by CoinDesk , the cat-trading game had grown so popular earlier this week that it was clogging the ethereum network, slowing down transaction times. Now, however, congestion is reaching unprecedented levels,with a record-breaking 30,000 transactions stuck and waiting to be processed at press time. "Can we please increase the gas limit?" pleaded oneuser on a Reddit thread, itself a chorus of agreement on the issue. "Is the blockchain completely frozen?" askedanother user . Indeed, despite facilitating nearly $7 million-worth of ether trades and winning new users to the platform, the game is attracting a level of vitriol: "Fuck cats. When will they solve this problem? I have been waiting for 20 hours now," said another user on ethereum's Gitter channel. That's not to say there aren't ways to relieve the issue, and, so far, arguably the most likely solution is increasing the network's "gas limit" a metric that puts a cap on the number of transactions and smart contracts that can happen across the network. Christian Reitwiessner, an Ethereum Foundation engineer and the co-founder of scaling protocol, Truebit, is one developer who agrees this approach might be an easy solution. "The miners raising the block gas limit is the only short-term solution against our new feline overlords for now." Yet, while that's good news for beleaguered users who haven't been shy about their frustrations, itturns out that the change could have unpleasant side effects, making some developers more hesitant to embrace the concept as the best path to a quick fix. Helping the cause is that there's already precedent for the approach. For example, this wou Continue reading >>

Ethereum Network Still Congested By Cryptokitties Causing Slow Downs

Ethereum Network Still Congested By Cryptokitties Causing Slow Downs

Ethereum network still congested by CryptoKitties causing slow downs CryptoKitties, a decentralized application based on the Ethereum network is gaining popularity at a superfast speed and threatens the normal functioning of the network. It is possible to buy kitties from both developers and other users. The system generates one animal every 15 minutes, and it will continue throughout the year until November 2018. As per the plan of developers, it is possible to cross kitties with each other and get new breeds of the animals. Each animal has a unique set of characteristics on which its value depends. For example, only 81 kitties have Maine Coon characteristics and that greatly increases their price. Such an amusement would be innocent if it did not affect the speed of the Ethereum network. According to different estimates at this moment, the CryptoKitties application is responsible for 10-15% of all transactions in the Ethereum network. Due to the incredible load, most transactions are not performed at all and they are in the status of pending. The many who wish to buy a kittie complain that they havent been able to do so for several days. But while buying a kittie can wait, other users of the Ether cryptocurrency are trapped as well. Ether payments are frozen, and it is not possible to perform quick transactions even with high commissions. This situation looks like the Kitties are teasing the founders of Ethereum who positioned their project as a global home for decentralized applications. The situation illustrates the extent to which the classical blockchain in the form of Ether is unable to cope with the increasing load. Experts are speaking again about existing restrictions on Ether and Bitcoin blockchains. It is worth looking at new projects that solve these probl Continue reading >>

Itty Bitty Kitties Are Killingethereum

Itty Bitty Kitties Are Killingethereum

A serial entrepreneur that has a knack for identifying disruptive technology. Ethereum has been hailed as the worlds computer, but now the Ethereum network is being brought to a screeching halt. What is it that has brought Ethereum to its knees? CryptoKitties . Thats right, the Ethereum network has become slow and congested because of virtual cats. What is CryptoKitties and What is it Doing to Ethereum? CryptoKitties is a game centered around breedable, collectible, and oh-so-adorable creatures we call CryptoKitties! Each cat is one-of-a-kind and 100% owned by you; it cannot be replicated, taken away, or destroyed. Think, Tamagotchi for the age of blockchain. The app, which uses Ethereums blockchain to create a public, shared history of cryptographically unique furry friends, is Ethereums most popular. Users have spent at least $6 million total on breeding, buying and selling the in-game items. The average cat is trading for $100 in Ether. Well, the popularity of the app and rapidly growing Ether transactions associated with the app are clogging up the Ethereum network. Right now, about 20% of all Ethereum network traffic is dedicated to the game, making it the most popular smart contract on the network. To put this in perspective, number two with about 8% of network transactions is EtherDelta, a popular decentralized token exchange where many newly launched tokens are traded. According to Blocktivity , the Ethereum blockchain is currently running at 100% maximum performance with 23,322 unconfirmed transactions, or overflow transactions that are waiting to be processed. This means people are waiting in a very long and growing queue to send money. This traffic is making it difficult to play CryptoKitties. The company stated: Due to network congestion, we are increasing Continue reading >>

How Crypto-kitties Disrupted The Ethereumnetwork

How Crypto-kitties Disrupted The Ethereumnetwork

How Crypto-Kitties Disrupted the EthereumNetwork Crypto-Kitties are growing to such a scale that they are disrupting the Ethereum network creating network congestion and traffic for all users of the Ethereum blockchain. A Crypto-Kittie is a digital pet similar to a Tamagotchi but with the benefits of blockchain. They are generated by code and breeding occurs by spending Ether tokens on smart contracts. The smart contracts are set up so that two base cats are used to spawn a new one and the entire breeding process is recorded on Ethereums public ledger. The reason for the use of the Ethereum ledger is that this ensures that each cat that is bred is truly unique and persistent. Crypto-Kitties offer the advantage of owning a decentralized digital pet a feature which has been exorbitantly popular with users in this market segment and further attracting new users to the space in droves. Whats the Impact on Ethereum? Congestion Risks Crypto-Kitties have exploded in popularity in 2017 and this trend is placing a rapidly growing amount of pressure on the Ethereum network. The network disruption has been somewhat damaging for Ethereum in terms of adding concern to other types of traders and users that Ethereum risks congestion and slow processing speeds. Whats the Impact on Ethereum? Positive PR On the other hand, the crypto- Kittie disruption has created a lot of exposure for Ethereum so much so that the currency has leapt in value over the past week alone. In addition, Ethereum is now perceived as more fun and accessible to everyday users who had previously felt intimidated about how the crypto-currency might be incorporated into their everyday lives. Whats the Impact on Ethereum? Significant Volume The Crypto-Kittie app applies the Ethereum blockchain to create a public, sha Continue reading >>

Why Is The Ethereum Network So Slow Now??? - Answer Here

Why Is The Ethereum Network So Slow Now??? - Answer Here

Why is the Ethereum network so slow now??? - Answer here The main offender is Cryptokitties, with 15% of the total transactions, but the two next consumer contracts are also Cryptokitties related, so actually is probably consuming 30% of the ethereum network processing capacity. Clear proof of an imediate need to implement scaling solutions to ethereum such as Plasma and Raiden or it will die of success. OWN UNIQUE SPORTS CHAMPION CONTRACTS AND EARN ETH Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. I'm generally disappointed, the etherium has always been very comfortable, unlike bitcoin, but now due to the loads it's all quite bad At first I did not understand what kind of kittens everyone was talking about. Only a week later I realized that something was wrong. Kittens really heavily loaded the network. But now the boom has passed and the load has fallen, but it's still at a high level. I think gwei fees sometimes reach incredible numbers is the main reason for the slowness. If you control the Ethgastation, you will sometimes face that the minimum safe threshold exceeds 40 gwei. When you try to make transaction in blockchain with low gwei, the transfer process is delayed. What is more, there is a game called cryptokitties that causes excessive swelling in ETH network. As soon as possible, the update is inevitable for the ETH network. VESTARIN Website Whitepaper Telegram Marketplace of goods and services for cryptocurrency Facebook Twitter GitHub ___________________________________________________________________________________________________ Quote from: crimsongoth on December 14, 2017, 08:55:42 PM I think gwei fees sometimes reach incredible numbers is the main reason for Continue reading >>

Virtual Kittehs Are Slowing The Ethereum Cryptocurrency Network To A Crawl

Virtual Kittehs Are Slowing The Ethereum Cryptocurrency Network To A Crawl

Blockchain-based feline breeding game, CryptoKitties, is reportedly overwhelming the network used to process cryptocurrency Ethereum. The popularity of the game means its now responsible for 11% of the transactions over the Ethereum network, squeezing the blockchain, slowing down transactions of the digital cash. You can also use your GPUs to play games, and these are the best graphics cards around for that. CryptoKitties was created as a bit of an entry point to cryptocurrencies for the masses, using the twin pillars of cats and cash. Its also one of the first games to be built using blockchain technology. "We wanted to make blockchain technology accessible to the everyday user, as we believe this is a key step in otherwise seeing the technology adopted," Axiom Zen told Bloomberg. "We wanted to explore blockchain applications outside of ICOs and cryptocurrencies." In it you buy a cat, which is completely unique and thanks to the power of the blockchain, completely tied to you. You can then buy other unique kitties and smoosh them together to breed entirely new cats, which you can then sell or trade with other CryptoKitties players. The idea is that the different cats are treated as collectibles and their uniqueness and digital scarcity is what gives them a particular value to other users anyway. Axiom Zen, the company behind CryptoKitties, are calling them cryptocollectibles. So far there have reportedly been $3million worth of kitteh sales since its late November launch, with one solitary virtual feline going for $117,712. Like with regular cryptocurrencies you need a wallet to safely store your CryptoKitties in, but you will also need to bag yourself some Ethereum too - thats the only way youre going to be able to buy yourself a virtual mew. Anyways, its popular. So Continue reading >>

11% Of Traffic On The Ethereum Blockchain Is Being Used To Breed Digital Cats

11% Of Traffic On The Ethereum Blockchain Is Being Used To Breed Digital Cats

11% of Traffic on the Ethereum Blockchain Is Being Used to Breed Digital Cats Its like Beanie Babies, but somehow even weirder. In October, I tried my hand at an early version of CryptoKitties , a game in which players breed digital cats on the Ethereum blockchain by executing smart contracts. At the time, it seemed would be a fun (and short-lived) way to introduce newbies to the way smart contracts work on the Ethereum network. But when CryptoKitties was officially released on October 28, it unexpectedly became a multi-million dollar digital kitten millperhaps the strongest ever confirmation that a fool and their Ethereum are easily parted. At the time of writing, CryptoKitties is the busiest smart contract on the blockchain, accounting for a little over 11 percent of all network traffic. As TechCrunch put it, we now have people using Ether, an asset with arguably little tangible utility to purchase an asset with unarguably zero tangible utility. Still, CryptoKitties is the closest thing to a "killer app" to be released so far on the Ethereum network, which has mostly been used to fund sketchy multi-million dollar investment rounds for applications that dont exist. Continue reading >>

Ethereum Network Congestion Forces Exchanges To Halt Withdrawals

Ethereum Network Congestion Forces Exchanges To Halt Withdrawals

Ethereum Network Congestion Forces Exchanges to Halt Withdrawals Scaling problems that have been sporadically affecting the Ethereum network have resurfaced. While bulls and bears were battling it out in the markets, the Ethereum blockchain was fighting to restore some semblance of normal service. The congestion forced a number of exchanges to halt withdrawals, with one going so far as to advise customers to use a different cryptocurrency. Also read: Despite Regulations, One South Korean Crypto Exchange Rises to the Global Top Over the last couple of months, the Ethereum network has reported record activity, peaking at over one million transactions a day. This growth has come at a price in the form of slow or backlogged transactions, causing fees to reach record highs and ICO participants to miss out on token sales after failing to push their ether through in time. On Wednesday January 17, two exchanges reported ethereum withdrawal issues that were affecting users. First up was Bitstamp, which noted that there were ETH withdrawal delays, before updating the situation four hours later to say the matter had been resolved. Users of Kucoin exchange have been more significantly affected on account of ethereum withdrawal delays that have dragged on for days. The exchange posted the following notice on Wednesday, including a novel suggestion: that users withdraw in neo instead of ether. This suggestion is unlikely to have been of much help to users who needed their ETH to interact with the ethereum ecosystem. Following the notice, Kucoin followed up with a blog post containing a form to be filled in by users who were still waiting for their ethereum withdrawals to be processed. A week prior, the exchange had explained that ETH withdrawals were subject to delays as they were b Continue reading >>

Ethereum Is So Slow

Ethereum Is So Slow

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. I'm not really informed about Ethereum but I've seen a lot of threads circulating here discussing the Crypto Kitties DApp (decentralized application) that slowed the network down. It might be still the case or maybe even more DApps got released? The attention in the media for Ethereum also could have been a cause for the slow network as this also results in more traffic on the network. Quote from: Aura on December 10, 2017, 04:44:10 PM I'm not really informed about Ethereum but I've seen a lot of threads circulating here discussing the Crypto Kitties DApp (decentralized application) that slowed the network down. It might be still the case or maybe even more DApps got released? The attention in the media for Ethereum also could have been a cause for the slow network as this also results in more traffic on the network. The main cause to the slow network is the CryptoKitties DApp, this Dapp is responsible for a bit more than 10 % of all transactions! Quote from: IrenNTA on December 10, 2017, 05:01:25 PM It's weird to see how one game can almost kill the whole Ethereum blockchain. Almost everyone suffers from these CryptoKitties. My deposit to exchange took more than a day, and I missed the pump because of it. there is a lot of thing that are happening now in ethereum hope it may be recover soon maybe we just wait for if this may resolve for. Quote from: finaleshot2016 on December 10, 2017, 04:33:21 PM Is there a problem in ethereum because all of the transaction is very slow. It almost take 2-3 hours before receiving the sent tokens. What is the cause of this issue? is this related to the dump price of eth Seems like you arent informe Continue reading >>

Ethereum Loses To Cryptokitties, Network Remains Slow

Ethereum Loses To Cryptokitties, Network Remains Slow

Ethereum Loses to CryptoKitties, Network Remains Slow ICOs and regular transactions are seeing annoying delays due to the effect of blockchain game CryptoKitties taking up to 20% of transaction volume. CryptoKitties taking up to 20% of transaction volume. Ethereum was once seen as the replacement of Bitcoin- but at these rates of network congestion, users are becoming skeptical. CryptoKitties is burning up to 20% of the ETH gas in two smart contracts, and while in the past ICOs have slowed down transactions, for the first time there is a long-term factor. Until now, EtherDelta was among the biggest gas guzzlers, showing that even one decentralized app with enough users is enough to seriously hamper the range of Ethereum. The news caused a withdrawal from ETH and into BTC, causing the value of ETH to slide down toward $430, around $100 from the recent peaks. Meanwhile, miners are profiting from the second gas increase in two days. WE ARE INCREASING THE RECOMMENDED DEFAULT GAS PRICE FROM 25 TO 40 GWEI IN ORDER TO INCENTIVIZE THE MINERS. AS ALWAYS YOU ARE ABLE TO ADJUST THIS AT YOUR OWN DISCRETION CryptoKitties (@CryptoKitties) December 6, 2017 The gas market is an unknown equation, allowing users to increase gas and ensure a transaction such as a sale or breeding happens in time. CryptoKitties warns users of watching out the gas, to avoid critically high prices. A critically high gas price may in fact not speed up a transaction but make it fail completely. The Gemini market is monitoring ETH transactions. The latest message has completely blocked deposits and withdrawals, to lower the congestion and avoid losses: "ETH deposits and withdrawals are temporarily unavailable due to extreme congestion on the Ethereum Network. Your full ETH balance is still securely being store Continue reading >>

Cryptokitties Craze Slows Down Transactions On Ethereum

Cryptokitties Craze Slows Down Transactions On Ethereum

CryptoKitties craze slows down transactions on Ethereum These are external links and will open in a new window A new craze for virtual kittens is slowing down trade in one of the largest crypto-currencies. CryptoKitties lets players buy and breed "crypto-pets" on Ethereum's underlying blockchain network. The game's developers told the Bloomberg news agency that CryptoKitties was a "key step" to making blockchains more accessible. But its popularity has underscored one of the technology's biggest downsides: its lack of scalability. 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 University of Cambridge. "Some people are concerned that a frivolous game is now going to be crowding out more serious, significant-seeming business uses." An estimated $4.5m (3.35m) has been spent on the cartoon cats at the time of writing, according to Crypto Kitty Sales . Image caption CryptoKitties is the first game built on Ethereum Think of these rather unpalatable cartoon kittens as unique digital Pokemon cards. The game's developers describe them as "breedable Beanie Babies", each with its own unique 256-bit genome. These crypto-collectibles are also gender-fluid, able to play the role of either the "dame" or the "sire" when bred together. The kitties' unique DNA can lead to four billion possible genetic variations. Some of the varieties created so far look lifelike, with grey striped fur and bulging green eyes. Others are speckled with neon-blue spots or magenta-patterned swirls. Image caption One of the less at Continue reading >>

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