The gaming industry and blockchain

in bitcoin •  4 years ago  (edited)

Taking into account the size of the gaming industry, as well as the fact that in every country at least 3% of the population plays games, it doesn't matter on PCs or smartphones, the numbers are pretty impressive. It is logical that the implementation of blockchain into the gaming industry was only a matter of time.

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Why implement blockchain in the video game industry at all? Primarily due to the fact that the current structure of network games is centralized. That means, all data is stored on the servers of the publishing companies, which can interrupt your access at any time or change your data in the game you paid for, and you cannot do anything about it. Not to mention, someone might just steal your account.

Therefore, by implementing a blockchain, several problems can be solved at once:

  • Players will have direct access to in-game items and will actually own them. This is achieved thanks to the ERC - 721 protocol used to tokenize items in some games that actually use the blockchain.

  • Increasing processing speed and simplify in-game payments. In fact, with using cryptocurrency as a mean of payment, you can increase the speed of transaction and get rid of the necessity to enter payment card details.

  • Modifications or changes can be made only if the majority will come to an agreement. As we know, blockchain uses a consensus algorithm. That means a game whose power is used by the blockchain can be changed with a new update only if it suits most of the community.

Thus, we have a long list of the benefits of implementing blockchain in games. But along with this, there are a number of shortcomings - the low popularity of such games, difficulties in development and the banal complexity of integration. But blockchain games continue to exist and develop despite these factors.

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