Connect with us

Guest Post

The Future of Gaming: The Benefits of a Decentralized Gaming Exchange

Guest Author

Published

on

The Future of Gaming: The Benefits of a Decentralized Gaming Exchange
Source: Pixabay

The gaming industry has made significant progress over the past few years.

There are now a substantial amount of people for whom gaming is a full-time job. It is expected that eSports could even be a medal event at the 2024 Olympics.

Now, we’re about to enter a brand-new era in the gaming industry — and it’s known as ‘decentralized gaming’.

Decentralizing the Gaming Industry

With the rise of blockchain technology, companies are looking for new ways to decentralize virtually everything — and the gaming industry is no exception.

The platform that’s leading the charge at the forefront of gaming decentralization is known as Game Protocol – the cryptocurrency economy for gaming.

The platform offers significant benefits for both gamers and developers alike. In the near future, it could prove to be a substantial milestone in the gaming industry.

Source: GameProtocol

How Can Developers Utilize This Platform?

One of the main benefits of the platform is that it considerably simplifies the process for game developers to raise funds via token sales, through its smart contract mechanism. This involves developers selling a stake of their game tokens in order to finance the game they want to create.

Once they have done this, they can then integrate the Game Protocol SDK into their game. This will connect the game directly to the Ethereum blockchain. It will also be connected to Bancor’s liquidity network.

This is essential, as it means that each specific game token will always be backed by a Game Protocol token balance and guarantees instant liquidity for any specific game token at any time. As a result, developers won’t have to wait weeks to withdraw funds (which is often extremely problematic when money is tight and immediate access is required). Instead, they can receive their funds instantly.

This partnership between Bancor and Game Protocol is particularly exciting. In an interview, Jonathan Swerdlow, the CEO of Game Protocol, stated, “I’m certain this is the beginning of what will prove to be a strong collaboration, as both parties are aimed at further developing the blockchain ecosystem.”

As the platform utilizes blockchain technology, this means that unlike using credit and debit cards, all payments are 100% secure. Instead of worrying about potentially fraudulent transactions, developers can put all of their focus directly into developing their game.

The platform’s fees are also considerably lower than fees of other platforms. Unlike the likes of Apple, Google, Microsoft, and Steam, which all charge developers upwards of a 30% fee for selling their games on their platforms, Game Protocol only charges developers 10%.

Ultimately, the platform aims to be much more than just a marketplace — it will be a community.

This means it encourages developers to come together to form a community where they can work together to share ideas and create the best games possible.

They will also have access to a large community of enthusiastic gaming and crypto enthusiasts, who will be available to give feedback and support on their creations.

So What’s in it for Gamers?

Of course, the gamers are the lifeblood of any gaming platform.

No matter how many benefits there are for developers, there’s little incentive for them to use a platform if it doesn’t have a thriving user base. As a result, the benefits don’t just apply to developers — there are many benefits for users, too.

Perhaps the most obvious feature of Game Protocol is that it is one of the first platforms to allow gamers to use cryptocurrencies to access the best online games available on the platform.

Unlike the vast majority of other gaming networks, Game Protocol is 100% anonymous. This means that users will never need to worry about sensitive personal details being leaked via a hack — a fear that is steadily growing as gaming continues to become more popular.

Another way that Game Protocol differs substantially from other gaming platforms is that it doesn’t require gamers to pay any hidden additional fees or commission on the games they purchase. This makes the platform more transparent and helps to foster a better community.



This thriving community is perhaps the best feature of the platform.

Ultimately, it means that gamers can connect directly with the developers of their favorite games and offer support, advice, and feedback to encourage the creation of better, more enjoyable games.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



AMBCrypto is not responsible for the content included in this article. Readers' discretion is required while visiting the links given in the report as AMBCrypto is not responsible for the products or services.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Guest Post

Hyperledger Sawtooth: Performance Problem and the way to solve it

Guest Author

Published

on

Hyperledger Sawtooth: Performance Problem and the way to solve it

The Hyperledger global initiative within the Open Source movement, bringing together hundreds of technology giants [for example, Huawei, Intel, and Samsung], startups [Blockstream, Lykke, Consensys] and solutions [Netki, Factom, bloq], has become a real push for the entire blockchain industry in forming not only a strong community but also a completely different perception of technology through the prism of innovations in business.

Hyperledger can be called a global collaboration organized by the Linux Foundation. In turn, the uncommercial Linux development consortium, the Linux Foundation, creates sustainable ecosystems around open source projects to develop technologies and implement them in businesses.

Founded in 2000, the Linux Foundation supports communities and innovative projects through financial and intellectual resources, making ambitious and successful contributions to creating technologies for widespread use.

The consortium launched Hyperledger in December 2015 and in February of the following year, it became known about the first participants of the initiative.

The main Hyperledger’s focus is to improve the reliability and performance of the blockchain through comprehensive cooperation with the platform participants, whose number is already over 250.

It is worth noting that for many projects Hyperledger has become the starting point for the development of their own business apps: many solutions have been created on the basis of the platform, ranging from smart contracts to complex multi-stage innovations.

One of the advantages of using Hyperledger is the interaction between its participants since third-party developers can make their own changes to the already created platforms, thus modifying the services and providing new opportunities to end users.

Hyperledger expands its global business and improves its internal processes, developing also the technologies of the Internet of things, logistics, industry, etc.

Platform participants have access to five main frameworks, on the basis of which blockchain solutions can be created, depending on the goals set by the projects’ creators.

Hyperledger Burrow

This framework appeared in 2014 and works in conjunction with Ethereum Virtual Machine [EVM]. Solutions based on Hyperledger Burrow allow enterprises to use smart contracts to optimize their business processes.

Hyperledger Fabric

Initiated by the IBM tech giant, the Hyperledger Fabric framework is the foundation for developing complex, scalable applications for corporations.

Businesses can use smart contracts and many other components. Feature of Hyperledger Fabric can be called a high level of performance, off-chain channels, as well as integration with corporate access control systems.

Hyperledger Iroha

Hyperledger Iroha is designed for easy implementation into a project. This framework is suitable for many businesses, as it is distinguished by a rather light construction and focus on mobile platforms.

In addition, by analogy with the Fabric, Hyperledger Iroha has a well-developed access control system.

Hyperledger Indy

The framework is used for decentralized identification. Hyperledger Indy provides reusable services for creating and using independent digital identifiers.

Hyperledger Sawtooth

Hyperledger Sawtooth deserves special attention since this framework is quite popular. Operating on the new consensus algorithm, Proof of Elapsed Time [PoET], which stands out from the rest with minimal use of resources, the Hyperledger Sawtooth is considered by the community as one of the most promising.

This solution’s developer, Intel, is confident that Hyperledger Sawtooth is ideal for businesses whose requirements exceed the capabilities of the available public blockchains.

The PoET algorithm provides highly efficient consensus achievement without a serious resources’ cost even in an environment where contractors don’t know each other and they have no reason to trust other participants.

The Sawtooth blockchain platform is designed to counteract denial of service attacks that become more likely in a public blockchain environment or in an environment in which unknown parties can interact.

The reason for the popularity of this framework can also be called the ability to integrate with hardware security solutions, “reliable execution environments”, among which are scalable Intel Xeon E processor from Intel.

At the same time, in Hyperledger Sawtooth were found flaws. In the GitHub user profile eugene-babichenko, the problem that the developer was able to solve was described in detail.

It is important to note that the network built on Hyperledger Sawtooth consists of 30 nodes located in different regions [from Europe and the USA to Singapore] and at three different cloud providers.

Having contacted the developer, it was possible to find out that while the node was experiencing problems with the network connection and could not access the minimum number of peers, the blockchain node, in turn, began to consume an increasing amount of RAM.

As a result, the system crashed in about a day, operating on a server with 1 GB of RAM.

The blockchain developer, after careful monitoring, determined that the component that caused the crash was a Sawtooth validator.

It is responsible for connecting all the other components of the blockchain node [transaction processors, APIs, consensus modules], and also manages network connections and data storage.

The vulnerability was discovered in the inner essence of Sawtooth, which is designed to manage some of the computing and networking staff.

The study revealed that the system was overloaded due to saving instances when trying to reconnect to peers. Since each instance has its own waiting time [which was originally used only to block calls], it was decided to clear the futures’ collections based on this timeout.

The developer of the 482.solutions company, using the example of this vulnerability, warns his colleagues about the need to be attentive with the use of RAM in their apps.

Moreover, Eugene noted that the use of open source products can be really useful in cases where your tool behaves strangely and requires immediate corrections.

In the case of the problem described above, 482.solutions just forked Sawtooth core, fixed it, tested the fix and sent this change to the upstream repository.

Conclusion

The blockchain technology is undoubtedly capable of transforming the most well-known business approaches. The Hyperledger platform, in turn, is an indispensable engine of this progress, since it focuses on the development of blockchain solutions for enterprises.

At the same time, you should not lose sight of the fact that Hyperledger is not a magical place that will solve all the corporation’s problems with a few clicks.



To work with frameworks, you need a strong team that owns all the knowledge in the field of blockchain technologies and businesses digitalization. It is also necessary to pay attention to the previous experience of developers.

For example, the 482.solutions company, whose member fixed the problem in Hyperledger Sawtooth, previously contributed to OpenZeppelin and Ethereum, and also provides services to develop a Remme solution.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending