Monday, 20 August 2018

How Blockchain And Cryptocurrency Is Reshaping The World Of Gaming

The fundamentals of cryptocurrency and gaming share the same relationship in that both idolize a world where a token economy is deemed more valuable to the consumer. But how can crypto influence the gaming industry and continue make it a lucrative idea for businesses?
Crypto grants the user more accessibility and trust when it comes to gaming because of the security of blockchain and the token economy system. The most important aspect of gaming is mathematical fairness, and blockchain guarantees this level of fairness based on its incorruptible technology. There is a problem when technology is slow to be progressive; thus gaming and blockchain combined create a more favorable solution.

A Gamer’s Revolution

The F.O.M.O. surrounding cryptocurrency has established itself as a major competitor in the market when it comes to attracting consumers. The powers of blockchain have created new ways to conduct transactions from small items to large-scale purchases, and the public has a growing affection for the token economy.

To a gamer, it is essential to adopt this mentality in ways that are both profitable and secure, especially in gaming. The entire experience demands a system that is hardwired to work better, faster and stronger when it comes to the contracts of the game itself — meaning the more hassle, the more a game’s potential is wasted.

The desirable solution comes from the blockchain technology and its rising demand. Businesses need to be transformative in terms of technology when it comes to revolutionizing the space.

When Crypto and Miners Attract

Graphic processing units (GPUs) have always been a crucial component of the gaming industry. But recently, there hasn’t been enough to go around, and supply has hit an all-time low. The reason behind that is cryptocurrency is buying up all the high-end graphics cards for processing power, causing the price of these GPUs to skyrocket and supply to plummet.

AR and gaming systems must be compatible with the token market, but there need to be more GPUs readily available. By further regulating how crypto miners operate, the tokens become more affordable for the consumer. As companies start to comply with crypto miners, the price point will ease up and GPUs will stabilize.

The End Goal

The world of gaming is important to the cryptocurrency market because it creates a more sustainable and profitable marketplace. Blockchain technology and gamers are a match that is essential to the culture of a token economy.

Crypto gaming provides the necessary solution to a gaping hole in the gaming world. Cryptocurrencies' widespread adoption has only strengthened its outlook and in time will provide an inherently stronger value to the gaming industry.

source: ibtimes.com
Legal disclaimer: The insight, recommendations and analysis presented here are based on corporate filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. They are presented for the purposes of general information only. These may contain errors and we make no promises as to the accuracy or usefulness of the information we present. You should not make any investment decision based solely on what you read here.

Creamcoin Marketcap