Salvation from the Cryptokitties hogging up the network successfully tested

Plasma protocol tested to provide near-instant Etherium transactions
28 December 2017   800

By now everyone heard of Cryptokitties. The collectible game had taken Etherium network by storm and the popularity hasn't decreased since its launch in December 2017. And the point of the collectible game is to gather, trade, breed unique kitties and boast how much of them you have and how rare they are.

The problems arose on the first days since launch, because Cryptokitties utilize main Etherium network and, therefore, operations have to be computed alongside fund transactions. What have previously taken mere minutes to complete now has to wait for a break in kitty-actions. And kitties are quite a hungry bunch! They take up to 20% of total Etherium traffic by now. All of that leads to rise in gas prices, because users try to push their transactions for a faster confirmation.

But fear not, because salvation is near. Bankex is developing a new protocol – Plasma – to offload the transactions from the main chain, akin to Lightning/Raiden network. The underlying technology is quite simple – users have to transfer funds from main network to BANKEX daughter network and after that the company resolves any operations via a smart contract to remove the user-to-user operations from equation, so there wouldn't be any problems encountered in Raiden with their disputes between end users.

During the first test of Plasma protocol on Rinkeby network the transaction per second ratio was about 5 thousand, which is already 250 times faster than main Etherium network. The final working version of Plasma will support up to 100 000 transactions per second. And all of that at no cost!

So, fear not, the Kitties will be brought to heel and money will flow, just wait a little longer

Hackathon by ETHGlobal goes to Buenos Aires

Part of ETHGlobal community and the first event in Latin America, ETH Buenos Aires will take place on May 25–27
24 May 2018   111

Hackathon and workshops will be the main activities of the coming ETH Buenos Aires. The event will be held on May 25–27 at AREA 3 in Buenos Aires. This is the chance to cooperate and learn from the developers, advisers and companies that are designing an infrastructure and applications of the future.

Here are some of the speakers and judges at the event:

The agenda for Day 2 and Day 3 are as follows:

DAY 2  
7:00 Breakfast
11:00 Panel: Token Design & Distribution
12:00 Lunch
14:00 Panel: Self regulation
19:00 Dinner
DAY 3  
7:00 Breakfast
10:00 Judging Time
12:00 Lunch
13:30 Winners Announcement
19:00 Placeholder x ETHBuenosAires After Party

A livestream of the event is going to be conducted. Among the sponsors there are Ethereum, Zeppelin, Aragon, Golem, Gnosis, Consensus and others. To learn more details about the event, including the complete agenda, you can visit the official page here.