The realization of Plasma protocol by BANKEX is largely similar to off-chain transactions and Lightning/Raiden network, with one crucial difference — the only transaction disputes on the BANKEX network can occur between users and the BANKEX company, and they are automatically resolved via smart-contract, whereas in Raiden disputes occur between end users, interacting during transaction.

Try this PLASMA.BANKEX.COM — fast and cheap way to make ETH transactions

So let’s see what caused the agitation of the cryptocommunity. Cryptokitties that cannot be cloned or deleted have become a cryptocurrency of their own.

For the Ethereum network, aside from the problem of deals slowing down due to high bandwidth consumption by the kitty game, it is a problem when a player emerges imitating cryptocurrency with its gradual devaluation due to increasing emission, unlike all prior ICOs with limited emission. Devaluation of derived instruments and surrogate money leads either to multiple rates in the case of there being a regulator, or to complete devaluation of the initial currency. We all know what happens to the economy when the printing press is on, the inflation is uncontrollable and currency rates multiply.

The target audience of CryptoKitties are people, wishing to figure out the mechanics of blockchain technology and Ethereum using a simple and approachable example. This seemingly simple service includes mechanisms such as collectable goods, currency emission, inflation, cash flow and end product. And Smart Asset that generates cash flow.

Specialists are sceptical regarding the product’s future development, believing it to be destined to decrease in popularity much like Pokemon or spinners.

But the cryptocommunity needs saving now. And we are happy to apply our Plasma technology to that end!

Plasma.bankex.com developed by BANKEX Foundation

CryptoKitties — an entertainment platform based on blockchain, that allows purchase, breeding and selling virtual kitties, using smart-contracts and Ethereum cryptocurrency. The rate at which the game is growing is reminiscent of the Pokemon hype. It all begin with 100 token-kitties of generation zero, with a new one born every hour. Every new pet would be sold at a price equalling 150% of the arithmetical average from the selling of the last 5 kitties, with a price decrease based on Dutch auction principles. Due to the quantity of pets being limited, the rules have changed: the owner sets both a maximum and a minimal price. As in real life, the owner can also offer to lend their pet to breed them with another kitty, receiving a reward. The owner of a kitty receives the kittens they can later sell. The pet’s value increases as the cooldown-period lowers, from 1 week to 1 week, defining the period after which a kitty is able to give birth or inseminate. The later the generation — the longer the cooldown-period. Every kitty is unique. Background color, cooldown period, shape of whiskers, stripes and other parameters are formed by a smart-contract independently from the user.

At the first 10 day of December, cryptokitties transaction volume exceeded $5 million.