The popularity of Cryptokitties has also led to accusations of rising transaction fees on the network and serious backlogs what is the firm planning to solve these issues then?
Several changes and new initiatives announced by ethereum-based dApp projects, Cryptokitties to further decentralise the premium virtual feline offering. The Internet-based game for breeding, buying and selling of charming digital kittens that runs atop ethereum has witnessed a large, mainstream audience. It has also raised questions about whether the project really operates in a truly decentralised manner.
Manner of functioning centralised?
Questions are being raised whether the project really operates in a truly decentralised manner.
For instance, it is possible for Kitty Core, the owner of the CryptoKitties project to edit the underlying algorithm and mutate a popular or high-worth digital kitten despite objections from the kitten’s owner. Essentially, the project runs in a centralised manner, with the project owner having the utmost power.
With these changes, the CryptoKitties project has initiated an anticipated move toward loosening controls on its programming code to fall in line with the expected ethics of cryptocurrency networks and achieve true decentralisation.
However, a key benefit of centralisation is that it allows its output to be used in an easy, well-defined manner, while decentralisation usually leads to complications. The value of crypto collectables is dependent upon their uniqueness and rarity and a fine balance is required between owners’ rights and the available monetary benefits and their distribution. To strike a balance between usability and decentralisation, CryptoKitties has announced a series of updates.
Beyond the KittyVerse
A user may delete their accounts and can now take their digital assets off the platform. Earlier, they would lose the control of their assets upon account deletion. Even if a user wants to create a new alternative version of CryptoKitties, they would not be prone to legal challenges.
It’s as much about removing firm top officials as any form of a central authority as it is about doing so in a way that doesn’t compromise the value of this game, of this product and of this platform as a whole.
CryptoKitties also announced another key initiative called the Nifty Kitty Program, which gives options to independent teams of developers to apply for loans or grants and finance their work for the community. This is expected to keep the funding sustainable and the project agile for running smoothly while allowing the developer community to benefit from their contributions.
All I know is that cryptocurrencies are going to change the world economic order in the near future. People are adopting this trend first. I think the recent move to further decentralize the process is a major move that other cryptocurrencies will follow suit. It is just incredible that if you delete your account, you dont loose your money I think cryptocurrencies are moving fast