Gaming-Cryptocurrency-and-Coins-Guide
14/12/2018
DRACULA: ORIGIN - Merging Cryptocurrencies in Gaming

While the gaming market and the cryptocurrency market have been going up respectively, we may actually see them merging sometime soon.

With blockchain creating virtual tokens and cryptocurrencies like Bitcoin, Litecoin, and Ethereum, there’s no reason why the same technology can’t be integrated with gaming. After all, they’re both in cyberspace anyway. It might not even be surprised if cryptocurrency will be used to buy rsgp in the future. However, that might still be a bit far off so let’s just focus first on what’s happening in the now.

Cryptocurrencies in the Gaming World

Currently, there are to digital currencies that have been making waves in the gaming industry namely GameCredits and Digibyte. What’s amazing about these two is that they were both able to grow their capitalization in the past few months. In fact, Digitbyte rose by 4,000% in its all-time high because of rumors that it was working in partnership with Minecraft, although it was just a rumor. In any case, Digibyte has a coin supply cap of 21 billion which gives a lot of investors room to buy the coins. While there has been surging growth, many investors are still awaiting the next plans of the cryptocurrency when it’s ready to launch itself in the gaming world.

Aside from Digibyte, there’s also GameCredits. This one, on the other hand, increased by around 300% as compared to Digibyte’s 4,000%. The great thing about GameCredits is that it has its own gaming store that aims to be at par with even Google Play when it comes to gaming. What makes Gamecredits very interesting is that it has a dual block app known as MobileGo. This app runs on Ethereum via smart contracts allowing digital currencies to be used for game updates, items, and many other things.

The Future of Blockchain Technology in Gaming

Gamecredits and Digitbytes are doing really well in pioneering the entrance of cryptocurrency in gaming. With this really good start, it’s inevitable that many more developers will make use of Ethereum’s network since it allows developers to build their own applications. By launching ICO’s, the tokens and the games will be able to further attract attention from people in the gaming industry. In the future, we can really expect more startups to enter the gaming industry with cryptocurrencies and blockchain technology as the platform – especially with Ethereum making everything feasible.

Conclusion

The further integration of blockchain technology and gaming will definitely be greeted positively because of the idea of games running on decentralized networks. This is a very attractive business model because it eliminates the need for third parties to handle any payment transactions for your gaming updates or accessories. It will be like paying in cash except through the virtual network. Also, you won’t have to worry about any platform collecting your information. Everything is safe in the blockchain.

If you’re a gamer, then you’ll most likely be interested in the development of this type of technology. It will definitely shake up the gaming industry and revolutionize change in the way some things are transacted.

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