Blockchain game

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A blockchain game is a video game that is based on blockchain technology.

Overview

A video game that relies on blockchain technology for a decentralized experience is known as a blockchain game or blockchain gaming. [1]

Blockchain-based games normally have the following benefits:

  • Serverless (decentralized game worlds)
  • Secure item ownership (cryptographically secured)
  • Fraud-proof payment system

History

The world's first blockchain game, Huntercoin,[2][3] was released in February, 2014.[2] It runs entirely on its blockchain without servers. In the game, players earn HUC by competing against each other, which they can trade for Bitcoin.[4]

One of the best known examples of a blockchain collectible game is Cryptokitties, launched in November 2017.[5] The game made headlines in December 2017 when a cryptokitty character sold for US$100,000.[6] Cryptokitties illustrated scalability problems for games on Ethereum when it created significant congestion on the Ethereum network with about 30% of all Ethereum transactions being for the game.[7]

See also

References

  1. Chandler, Simon (12 Jun 2018). "Video Games and Blockchain: New Experience for Players or More Profit for Developers?". Coin Telegraph. Retrieved 29 September 2018.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  2. 2.0 2.1 Chiraag Patel (2014-02-26). "Huntercoin is the World's First Peer to Peer Massively Multiplayer Online Cryptocurrency Game". Medici. Retrieved 2018-05-17.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  3. Caleb Chen (2014-03-07). "Introducing A Truly Innovative Altcoin: Huntercoin". CryptoCoinsNews. Retrieved 2018-05-17.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  4. Armand Tanzarian (2014-02-21). "Huntercoin: Earn BTC by playing online multiplayer game". Cointelegraph. Retrieved 2018-05-17.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  5. "Internet firms try their luck at blockchain games". Asia Times. 2018-02-22. Retrieved 2018-02-28.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  6. Evelyn Cheng (2017-12-06). "Meet CryptoKitties, the $100,000 digital beanie babies epitomizing the cryptocurrency mania". CNBC. Retrieved 2018-02-28.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  7. Laignee Barron (2018-02-13). "CryptoKitties is Going Mobile. Can Ethereum Handle the Traffic?". Fortune. Retrieved 2018-09-30.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>