A blockchain is a growing list of records, called blocks, that are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree). By design, a blockchain is resistant to modification of its data. This is because once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks.

Invention and future of Blockchain technology

Blockchain technology was first outlined in 1991 by Stuart Haber and W. Scott Stornetta, two researchers who wanted to implement a system where document timestamps could not be tampered with. Blockchain technology has far-reaching applications across many industries. Blockchain is already used to facilitate identity management, smart contracts, supply chain analysis, and much more. The full potential of blockchain technology likely remains to be discovered.

Adopting blockchain for successful business

Popularity is not the first thing to consider when adopting a blockchain network. The most important thing to consider is "if the blockchain fits into your business models and operation".
There are many blockchain out there all promising the next big thing when it comes to technology and adoption. There is no doubt that every blockchain is unique in its own way but not all business models can fit into every blockchain.

What is Blockchain in gaming?

Blockchain in gaming enables interoperable profiles of players: Crypto traders and investors have the public address that they can use for transactions across different blockchain networks. If you create your games on the blockchain, your players can take their unique public addresses from one game to the other.

Citizen Finance in Blockchain

Citizen Finance is an introduction to GameFi and true ownership of in-game assets. While acting as a bridge between the world of traditional gaming and blockchain, Citizen Finance will create a platform where players are the true owners of their in-game assets, they can stake it, resell it, gift it or simply use it as collateral.

Traditional gaming Vs Blockchain technology gaming

one of the most prominent problems in the traditional video gaming industry is denial of property rights when it comes to in-game assets. Players are not the true owners of their in-game assets even if they had purchased it with in-game currency which in turn was purchased with fiat currency. What they can do with the asset is limited to the utilities of the game. The player lacks true control of their assets, can not derive income from it and also can not dispose of it.
Blockchain technology has enabled some games to introduce true ownership of in-game assets but the utility for this new concept is still small and has no real impact in the industry. Citizen Finance will be introducing new concepts and utilities for in-game assets using blockchain technology.

Ethereum blockchain in the gaming industry

Citizen Finance is introducing something new into the utilities of in-game assets. We decided to adopt the Binance smart chain network because it is easy to understand, low-cost gas fee, fast transaction, and also similar to the Ethereum blockchain. Ethereum enables the deployment of smart contracts and decentralized applications (Dapps) to be built and run without any downtime, fraud, control, or interference from a third party.

Benefits of the Ethereum blockchain

• Ethereum spawns other cryptocurrencies
  Ethereum uses a different blockchain than bitcoin does and it is far more flexible. This means that other coins can be created on the actual blockchain. With bitcoin, there have to be hard forks to create a new blockchain for new coins to be created.
• Decentralized app (dApp) creation
  The hashes on the Ethereum blockchain are not static. In other words, you can build on them in the form of apps that can be used for just about any application that you can think of. From banking apps to storage, there is no limit to what can be created on the blockchain.

Blockchain-enabled developments can transfer the ownership to the players. Smart contracts, which are lines of code stored on a blockchain that can automatically execute when the predetermined conditions are met, allow assets to be automatically transferred to the player. The immutability of blockchain data means that with smart contracts, developers cannot take these assets back.

With this development, gamers are therefore able to monetize their skills — selling their game-winning digital assets, exchanging with or even buying from other players to progress in their favorite games.

Web : https://citizenfinance.io/
Whitepaper: https://docs.citizenfinance.io/
Discord: https://discord.com/invite/xqNxf63sHx
Medium: https://medium.com/@citizen_finance

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Ownership
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