New game releases are something that many people look forward to. The majority of online games, on the other hand, adhere to a strictly centralized model. That means the game’s administrators have complete control over all of the information stored on the server.
In this case, data refers to account information as well as the server history, which contains all of the players’ in-game assets and events (e.g., virtual money, items, collectibles, etc.).
Players do not own items, collectibles, or accounts because the databases are owned by a central authority. It also has a number of flaws and limitations, including unjustified bans, hacker infiltration, owner manipulation of the game economy, and so on. To put it another way, the developers are in charge. That is what blockchain technology does by reducing or eliminating the majority of the problems.
THE GAMING INDUSTRY’S CHARACTERISTICS:
The gaming industry has its own set of characteristics and dynamics, and stakeholders have their own set of responsibilities. As a result, it is a rapidly expanding segment of the global technology industry. They also make it an easy target for disruption! The following are some of them:
To play popular games, you’ll need money. While some of them allow players to accumulate digital gold, most players find that this is too inconvenient because it takes time. The majority of players use their real money to purchase in-game items.
Game entrepreneurs and developers require a safe and secure environment in which to develop, launch, and monetize their games.
Players must be able to buy and sell in-game assets safely, which necessitates the use of secure platforms.
Players can participate in a variety of games and create profiles on the site. They want the profiles to be cross-game interoperable, and this is another area where technology can help.
The trend of people assigning monetary value to intangible assets is real, so we can expect to see more real money spent on virtual games. When a sector reaches this stage, it is vulnerable to technological disruption.
Players would need to store their virtual game assets securely when they are not playing an online game. These assets are currently stored on the gaming company’s centralized server, making them an easy target for hackers. Another area where technology can have a significant impact is in education.
Do you enjoy playing video games online? Then you’ve had this experience. You never truly own any of the in-game assets; rather, they are owned by the gaming company. Another opportunity for upheaval has arisen.
Have you ever been disappointed when your favorite online game went offline? Or did you feel as if the rules were suddenly and arbitrarily changed? The current gaming market will be disrupted by technology that allows players to have more control.
Have you ever felt that you have the ability to improve a game but are unable to do so because the gaming company will not hire you? A technology that allows talented developers to flourish will be a game-changer.
Did you ever have the feeling as a player that you could make a game far more thrilling if you could collaborate with the developer? If technology can create a business model that allows players and developers to collaborate more closely, the industry will be forever changed.
Have you ever thought that if the gaming company allowed for the creation of rarer in-game assets, the game would be a lot more fun to play? Technology may be able to assist in this situation.
In virtual game platforms, players frequently face fraudulent transactions, which is another area where technology can help.
In “The Evolution of Blockchain Games and a Peek at What’s to Come,” you can learn more about these characteristics, dynamics, and questions. Continue reading to learn how blockchain can benefit each of the aforementioned areas.
FOR GAME DEVELOPERS AND ENTREPRENEURS, BLOCKCHAIN PROVIDES A SAFE AND SECURE ENVIRONMENT:
To secure crypto token transactions, blockchain platforms employ advanced data encryption technologies such as the private key-public key pair. These data encryption techniques are impossible to break with today’s computing technology. “Explaining Crypto in Cryptocurrency” has more information.
Aside from that, hackers will be unable to destroy a decentralized blockchain network because there will be no single server to attack. The distributed databases are shared by the nodes, and each node has access to all of the data in the database.
Hackers can’t delete or modify existing blockchain transactions, and launching a ‘Distributed Denial of Service’ (DDoS) attack against these networks is impossible. To keep the network secure, blockchain networks use ‘Proof of Work’ (POW) or other consensus algorithms. In “Proof of Work vs Proof of Stake Comparison,” you can learn more about the POW algorithm.
When you develop your game on the blockchain, you have a secure environment as a game entrepreneur or developer.
IN GAMING, BLOCKCHAIN ASSISTS IN SECURELY BUYING AND SELLING IN-GAME ASSETS:
With such widespread interest in cryptocurrencies, buying and selling crypto tokens is now simple and secure. If you build your game on the blockchain and allow players to buy and sell in-game assets with digital currencies, they’ll have a secure way to do so.
MyEtherWallet, for example, is a good web wallet for players. They can also use hardware wallets like the Ledger Nano S to keep their digital currencies safe when they aren’t using them.
Players’ transactions are safe if they keep track of their private keys. They must, however, maintain a disciplined approach to computer security, such as taking regular backups, avoiding risky websites, and not keeping too many cryptocurrencies in their web or mobile wallets. “How To Develop A Bitcoin Wallet App” explains more about crypto wallets.
IN GAMING, BLOCKCHAIN ALLOWS FOR INTEROPERABILITY OF PLAYER PROFILES:
Traders and investors in cryptocurrency have a public address that they can use to conduct transactions across multiple blockchain networks. Your players can take their unique public addresses from one game to the next if you create your games on the blockchain.
BLOCKCHAIN WILL LET PLAYERS SECURELY STORE IN-GAME ASSETS:
Centralized servers are a hacker’s dream! It’s just one stationary target for them, and if they can crack the encryption, they’ll have complete control over all assets on the server.
In the gaming industry, blockchain technology has the potential to change that. Players can safely store digital collectibles purchased in your blockchain-based game in their crypto wallets.
For example, go back to the Enjin Coin website and scroll down. You’ll notice that they have an Enjin wallet where players can store Bitcoin and Ether, as well as protect their in-game assets. One of the many advantages of blockchain in online gaming is this.
They can use the same public address to transact with their cryptocurrencies in all of the games. In “How Blockchain Is Changing The Rules Of The Game,” you can learn more about how blockchain for gaming can enable this interoperability.
Coming to the conclusion
When people realized there was more to blockchain technology than bitcoin, it was deemed disruptive. The technology transforms the gaming industry by establishing a decentralized system that allows players to easily discover, play, socialize, and compete.
Using this technology to innovate games and take the gaming industry to the next level is well worth it.