INTRODUCTION

Blockchain is a relatively new technology; however, it has proven useful across several industries, including gaming, finance, education, and many others. Decentralization is one important benefit derived from this technology. Especially in finance, the application of blockchain enables a trustless environment where people can transact directly without any need for a third party.

The application of blockchain is also increasing in the gaming sector, as many developers are beginning to integrate smart contracts to regulate the financial aspect of games while also curbing gaming frauds.

Merits of decentralized blockchains in games
Prevention of gaming frauds: Blockchain helps to check against fraud in games, as much as in digital currencies. As an open-source ledger technology, data or gaming assets stored on blockchain are publicly accessible, and they’ve been monitored by several miners on the network against duplication, hijack, and other fraudulent acts.

Third-party elimination: Some developers rely on centralized platforms to manage activities or functions of games, which might require the sharing of users/players’ info for due diligence. However, some developers are able to decentralize and manage several aspects of games through blockchain-based smart contacts. This cuts off the need for third parties.

Financial efficiency in games: This is another enormous benefit of blockchain in the gaming space. Game operators are able to efficiently incorporate and manage the financial aspect of games through smart contracts.

A smart contract is basically a self-executing computer program that functions in accordance with the terms of the agreement that exists on the blockchain. More like an “if/then” program, a smart contract stands as a middleman between two transacting parties. Except both parties are satisfied as per the terms of the agreement, the transaction won’t be executed.

This is very efficient in handling finance in games, ensuring players would actually receive whatever virtual asset they bought.

ETNA Network – a typical example of a promising blockchain game

What is ETNA?

ETNA is a cryptocurrency project designed to disrupt and recreate the future of gaming and Decentralized Finance (DeFi).
Both Non-Fungible Tokens (NFTs) and Decentralized Finance (DeFi) are two of the most disruptive cryptocurrency asset classes.
The goal of the ETNA project is to create more sustainable and user-centric solutions that would be leveraged to cater to the NFT and DeFi needs in the cryptocurrency space.

The DeFi Combination

The goal to disrupt the DeFi industry the more can be taken to the next level with the combination of the two largest DeFi applications or products. I am talking about the application of both the Hybrid Marketplace and the Lending and Borrowing scheme.
On the one hand, the Hybrid Marketplace is a brilliant idea of combining both the broker-buyer type of trading mechanism and the conventional liquidity pool on Decentralized Exchanges (DEXs). The Hybrid Marketplace allows ETNA to offers its users the option of leveraging both the centralized and the decentralized forms of trading their favorite crypto-assets.

On the other hand, you want to leverage the Lending and Borrowing feature. This goes a long way to allow the users to lend and borrow crypto-assets either for trading or for passive income options, such as staking.
Worthy of mention is that ETNA is also one of the projects that support NFT collateralization. This means that you can use your digital assets or collectibles as collateral to take loans.

The Lending and Borrowing aspect of the ETNA project also allows for the inclusion of a Leveraging feature. This feature comes in handy when the users want to access a wide range of financial instruments, including loans without paying through their noses. The interest reduction (and sometimes interest-free) loans allow the users to borrow crypto-assets and pay them back without having to go to the expense of an arm and a leg. Besides, you can leverage the Leveraging feature to cut down on your lending and borrowing risk exposures, provided you have the ETNA crypto token as the payment option.

Features of the ETNA DEX Ecosystem

Here are some of the aspects of the Hybrid Decentralized Exchange (Hybrid DEX) ecosystem of the ETNA platform:
• Fiat-to-crypto interface integration
• Automated Liquidity Pool Protocol
• Peer-to-peer (P2P) Trading

Features of the ETNA DeFi Lending Ecosystem

These are some of the features of the decentralized lending and financing ecosystem of the broader ETNA platform:
• NFTs can be used as collaterals
• The users have access to over 50 crypto-assets for lending and borrowing purposes
• Low and interest-free transactions

TOKEN INFORMATION

Token Name : ETNA Network
Token Ticker : ETNA
Circulating supply : 11,250,000

CONCLUSION

The solutions created by the ETNA project also extend to the provision of user-friendly and cost-effective Decentralized Finance (DeFi) products and services to the users.
The blockchain company backing the project is Cyclops Finance and it is committed to establishing a hybrid gaming ecosystem that can be integrated into the world of finance and gaming on the Ethereum (ETH) blockchain.

The official website of the project on the social network:

Website: https://www.etna.network/
Whitepaper: https://www.etna.network/assets/ETNA.pdf
Twitter: https://twitter.com/EtnaNetwork
Telegram group: https://t.me/EtnaNetwork
Telegram channel: https://t.me/EtnaChannel
Discord: https://discord.com/invite/dbuEXdm
Youtube: https://www.youtube.com/channel/UCgkP_qjdYSZ8iesrz5kK0YQ

Author:

Forum username: schumaker
From profile: https://bitcointalk.org/index.php?action=profile;u=2763519
BEP20 wallet: 0x3960350b959a6B613A1065772988C67c130ed01d