Simply, blockchain decentralises and democratizes transactions and eliminates central authorities.ĬryptoKitties is a game built on Ethereum which is considered a public computing platform. And since it isn’t centrally controlled, chances of destruction are pretty rare. It uses a ledger where people know how much each user owns and how much is being transacted. Blockchain is a technology that makes the transfer, and subsequently trade, possible in real-time, more efficiently, and without the need for this third-party. This middle-person transfers the money after identifying the right account and charging a fee. Today, money is transferred from one to another using a trusted, third-party source. More accurately, CryptoKitties are digital, collectible cats built on the Ethereum blockchain. Ī world that hasn’t fully comprehended or utilised the blockchain technology.įounder Cat #18’s home is CryptoKitties, a game where you can buy cats with the hope of selling them at a much higher price later. But it’s not just any cat, this feline with ugly, purple splotches was bought for 253.3368 Ether (ETH) or $110,707.16. It’s neither animated nor a meme, it’s simply an illustration with a funny bio.

I look forward to riding unicorns with you. When no one’s home, I invite my pals over and we listen to Rihanna. I enjoy tripping my owner, eating until I loathe myself, and reading garfield.

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