Published On: Tue, May 22nd, 2018

Ethereum Fees on the Rise as dApps Gain Popularity

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A handful of decentralized games are causing Ethereum transaction fees to rise, the price of gas doubling over the past week.
Game dApps Slowing the Network
Ethereum is a platform that allows developers to created decentralized applications, including games. Some of our readers may remember the CryptoKitties craze back in December, a game that allowed trading and breeding of unique cats. Some of the digital pets were extremely rare, with a few of the scarcer cats selling for tens of thousands of dollars.

It seems like the network strain is back, as several new dApp games are starting to gain steam. According to Dapp Insight, over 10k Ether has been transacted via Ethereum based dApps in only 24 hours, consuming 14 million in gas. The average fees in USD are approaching $0.60, a threefold increase in fees from just two months ago.
Virtual Shrimp and Crypto Cartels
Ether Shrimp Farm is one of the most popular games on the network right now, putting players in control of their own virtual shrimp farm looking to maximize their production. Players can trade shrimp eggs to each other that can increase their shrimp output. Another game, Ether Cartel, has players control a narcotic empire using an …

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Published On: Tue, May 22nd, 2018

Ethereum Fees on the Rise as dApps Gain Popularity

Share This
Tags

A handful of decentralized games are causing Ethereum transaction fees to rise, the price of gas doubling over the past week.
Game dApps Slowing the Network
Ethereum is a platform that allows developers to created decentralized applications, including games. Some of our readers may remember the CryptoKitties craze back in December, a game that allowed trading and breeding of unique cats. Some of the digital pets were extremely rare, with a few of the scarcer cats selling for tens of thousands of dollars.

It seems like the network strain is back, as several new dApp games are starting to gain steam. According to Dapp Insight, over 10k Ether has been transacted via Ethereum based dApps in only 24 hours, consuming 14 million in gas. The average fees in USD are approaching $0.60, a threefold increase in fees from just two months ago.
Virtual Shrimp and Crypto Cartels
Ether Shrimp Farm is one of the most popular games on the network right now, putting players in control of their own virtual shrimp farm looking to maximize their production. Players can trade shrimp eggs to each other that can increase their shrimp output. Another game, Ether Cartel, has players control a narcotic empire using an …

Read more –> click here all content is copyright Bitcoinist.

Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..

Powered by ABITCO.IN

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