Top 3 Cryptocurrency Altcoins and Tokens for Gaming in 2018
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Initial coin offerings (ICOs) are all the rage this year with entire sites dedicated to announce them and investors looking for their next quick shot.
Although many may be imposters and yet others have no interest other than to earn money quickly, there are indeed altcoins and tokens with interesting and apparently legitimate use cases. While we cover the game in the sense of eSports (competitive video games) in one of our previous posts, altcoins and tokens for games that are not necessarily competitive also appear.
The 3 cryptocurrencies in this space we recommend to keep an eye on include Enjin Coin (ENJ), Chimaera (CHI), and Ethbet (EBET).
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Enjin: Enjin Coin (ENJ) – Custom Cryptocurrency and Virtual Merchandise Platform for Games
It was not easy to choose among the different game-based cryptocurrency projects, but even among the three we chose, we think that Enjin and its currency, Enjin Coin (ENJ), should be on everyone's radar.
For the uninitiated, Enjin is the largest existing social gaming site platform. It has 18.7 million players and hosts more than 250,000 gaming communities. In addition, Enjin receives 60 million views per month and sells millions of dollars worth of virtual goods per month.
Enjin Coin (ENJ) then, is the Ethereum-based token from Enjin with a platform that will enable the creation, distribution, management and negotiation of virtual goods. For gamers, virtual goods, such as items in the game, can be moved among games. Perhaps most importantly, as with any genuine virtual purchase, 7.5 goods are lost to fraud, the goods that are Enjin Coin-Mint will ensure trust as well as security while promising minimal transaction fees.
ENJ will act as the mother currency for this gaming platform, with all virtual objects, such as in-game items, currencies, and more, that can be converted to ENJ at any time.
Not only does Enjin already have a huge user base, but the advisers it brought on board the ENJ project are also big players: Enjin counts Anthony Diiorio, one of the most – founders of Ethereum himself, as a member of his founding team for ENJ.
At the time when I write, the ENJ crowdsale is still in progress. Even if you do not expect a blockchain-based platform soon, we encourage you to choose an ENJ and see where this project is going.
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Chimaera (CHI): "The world's first blockchain-based gaming platform"
Chimaera, a project that has not yet had its symbolic pre-sale, wants to provide a platform for game developers to build massively online multiplayer (MMO), turn-based, time strategy Real (RTS), virtual reality, and other types of games on. Obviously, there are a lot of platforms, tools and infrastructure that are already in place for developers to create games with (and upcoming ones like Enjin Coin). Why Chimaera?
We believe that Chimaera is a potentially promising project because of the way it handles scalability, both for its blockchain and for the "worlds" of gaming (or the virtual environment in which the games take place)
One of the ways Chimaera enhances scalability for blockchain-based games is with off-line interactions without trust (no need for a third party).
In plain English, while blockchains can be used to create games that do not need a central server, without using something like scaling off-line, ie the game channels, blockchains can become massive. impose constraints on the necessary resources.
Chimaera's solutions are therefore game channels, or players' trusted interactions, that can be performed without requiring room in the public blockchain, thus reducing the use of resources.
If disputes occur between players, the blockchain can be used to resolve them. This concept of game channels not only allows sizing on an infinite scale, but also allows for near-instantaneous interactions between gambling players.
In addition to game channels, Chimaera also uses ephemeral timestamps to help with the scalability of the project. Ephemeral timestamps allow network nodes, or computers connected to the blockchain, to "timestamp" data (X) with a certain amount of time (Y) so that other nodes can check for another node. knew this data X at the moment Y and check things like transactions. However, these ephemeral timestamps take up space in the blockchain only if and when they are finally used. If they are not used, they are discarded, putting less pressure on the network.
In addition to improved scalability, Chimaera also provides tons of application features, such as private messaging, social media and community platforms, selling apps and games , and more. By using their own coins, developers can also finance their games with ICOs, which facilitates the development of games and ultimately their delivery to game fans.
For the players themselves, the Chimaera portal allows players to find new games, friends and more in the world of Chimaera.
If Chimaera's potential materializes to the point of becoming something like Steam (host of many games, like the Half Life and Counter-Strike series) but for the blockchain, we think this could be very important.
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Ethbet (EBET): Ethereum cutting without house edge
Then, Ethbet, a decentralized, peer-to-peer (P2P) dice game, based on Ethereum, which is right and has no or almost no "house edge", or built-in advantage A game site or site has more players.
Using smart contract technology, Ethbet players do not need to register as users or make deposits to play; Winnings are instantly sent to users' portfolios. Ethbet is also really decentralized – it runs on the Ethereum blockchain and does not have a "home" or central authority, making the game really peer-to-peer (P2P) by simply matching players to against each other.
This same p2p aspect of Ethbet makes sure that there is no house edge or barely. Finally, being on the blockchain, Ethbet is really transparent, with all the bets and results stored on the blockchain so that everyone can see and eliminate the risk of human manipulation.
We believe that it is a perfect example of the potential of decentralized blockchain technology. In the troubled world of gambling, such projects are a breath of fresh air and we recommend game enthusiasts as well as traders and investors to look into this promising project and its EBET motto, which has had its crowdsale from September 17 to September 21, 2017.
Here are three of the most promising projects of cryptocurrency, altcoin and token, in the games: Enjin (ENJ), Chimaera (CHI), Ethbet (EBET).
Although it is still very early in the game of cryptocurrency to choose a solid winner, we believe that these three projects have a potential for success and suggest to cryptography and gaming enthusiasts to take a closer look .
Thank you for reading!
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