Blockchain games, one must understand blockchain technology, the one that powers Bitcoin, BNB, and other cryptocurrencies.
Blockchain-based games allowing users to make money are becoming more and more popular. The strongest proof of these words is the growing popularity of Axie Infinity, which has become a real hit in the Philippines. In addition, it is worth considering the interest in the industry from such major game publishers as Ubisoft and Electronic Arts, which are now investing millions of dollars in promising ideas from developers around the world.
The current state of blockchain games
Online gambling and cryptocurrency-based games are showing more Interest than offline games. Decentralized games provide players with exactly what they need: an economy based on the concepts of transparency, immutability, and fairness, which eliminates the possibility of fraud. And allows players to start winning instead of spending.
Interest in online games arises not only among companies from related fields but also among direct market participants. So FTX, Solana Ventures, NFT, and venture capital firm Lightspeed Venture Partners decided to monetize their interest in the emerging industry by converting it into a $100M fund. As part of it, the partners intend to jointly decide on the investment of funds in certain studio projects presented today in the crypto-gaming space.
According to experts, the vGamer market today generates more than the Number of tokens 11,500,000,000,000 VGM (11.5%) Which exchange rate 1 BNB = 100,000,000 VGM. At such a rate of development, he will be able to double or even triple this result in less than 12 months. Now the blockchain game only can be converted to BNB.
What is blockchain?
The name blockchain is hardly accidental: The digital ledger is often described as a “chain” that’s made up of individual “blocks” of data. As fresh data is periodically added to the network, a new “block” is created and attached to the “chain.” This involves all nodes updating their version of the blockchain ledger to be identical.
How these new blocks are created is key to why blockchain is considered highly secure. A majority of nodes must verify and confirm the legitimacy of the new data before a new block can be added to the ledger. For a cryptocurrency, they might involve ensuring that new transactions in a block were not fraudulent, or that coins had not been spent more than once. This is different from a standalone database or spreadsheet, where one person can make changes without oversight.
Why is it used?
“Once there is consensus, the block is added to the chain and the underlying transactions are recorded in the distributed ledger,” says C. Neil Gray, a partner in the fintech practice areas at Duane Morris LLP. “Blocks are securely linked together, forming a secure digital chain from the beginning of the ledger to the present.”
Transactions are typically secured using cryptography, meaning the nodes need to solve complex mathematical equations to process a transaction.
“As a reward for their efforts in validating changes to the shared data, nodes are typically rewarded with new amounts of the blockchain’s native currency—e.g., new bitcoin on the bitcoin blockchain,” says Sarah Shtylman, fintech and blockchain counsel with Perkins Coie.
There are both public and private blockchains. In a public blockchain, anyone can participate meaning they can read, write or audit the data on the blockchain. Notably, it is very difficult to alter transactions logged in a public blockchain as no single authority controls the nodes.
A private blockchain, meanwhile, is controlled by an organization or group. Only it can decide who is invited to the system plus it has the authority to go back and alter the blockchain. This private blockchain process is more similar to an in-house data storage system except spread over multiple nodes to increase security.
VGAMER – The New Virtual Game, You Need To Experience
Welcome to VGAMER, an application that helps us connect our console games, play, stake, stream, and create NFT with other users. It is a place where gamers and blockchain meet to make friends.
All details are in https://vgamer.io
Token Pre-sale (Details):
Start: Dec 24, 2021 (8:00PM GMT)
End: Dec 27, 2022 (12:00AM GMT)
Number of tokens: 25,000,000,000 VGM (25%)
Soft cap / Hard cap: 50% / 100%
Exchange rate: 1 BNB = 12,500,000 VGM
Accepted currencies: BNB, BUSD
Min / Max buy: 0.1 / 10 BNB