Author: The creators of blockchain gaming universe, Kronoverse, have explained the reasoning behind their migration from Ethereum (ETH) to Bitcoin SV (BSV).
According to a recent official blog post, the Kronoverse team said that it could no longer wait for the much-anticipated arrival of Ethereum 2.0 to solve its pressing scaling problems.
Kronoverse Can’t Wait for Eth 2.0
The Kronoverse aims to become an interconnected metaverse of numerous disparate blockchain games. Previously to be built on the Ethereum-based Enjin (ENJ), the Kronoverse will, when fully operational, require masses of microtransactions for in-game items.
But with the Ethereum network already near full capacity, and as transaction fees continue to rise, the prospect of such microtransactions seems essentially impossible.
The Kronoverse team recounted its experiment of running one of the Kronoverse’s games – CryptoFights – on Ethereum, stating:
“After nearly a year of research and development, CryptoFights had a prototype running on Ethereum which combined aspects of IPFS, A Loom-network sidechain, Enjin based tokens, and token swaps on Ethereum. Yet this was not enough for us to get a fully operable product that we were happy with.”
Ethereum’s Initial Promise as Dev Playground
The announcement stated that Ethereum was the obvious initial candidate for Kronoverse’s blockchain gaming network. But while Ethereum offered a more light-weight, cheaper construction set than Bitcoin, even ETH fees became too high to reasonably execute microtransactions.
“Truthfully, the platform did show interesting promise as it was a developer’s playground of sorts, especially with juggernauts like the Ethereum Enterprise Alliance backing it. Fast forward four years later and many are still waiting for the global computer to deliver what was expected,” stated the Kronoverse announcement.
The Kronoverse announcement asserted that Bitcoin had already been “crippled” by the refusal of its developers to increase its 1MB on-chain block size. Completely overlooking Bitcoin Cash’s 8MB block size, the Kronoverse team intends to take advantage of Bitcoin SV’s potential 1TB (terabyte) block sizes in the future.
“Now imagine on Bitcoin SV where we have and will continue to have an ever-increasing block size: 1Gb, 100Gb, and 1Tb+ blocks,” stated the blog post.
Click here to start trading on BitMEX and receive 10% discount on fees for 6 months.