7 Ways Blockchain Benefits Players

Blockchain technology heralds a new era for gaming and helps gamers. Since its launch, there have been thousands of games that leverage this versatile innovation to great effect. Be it relatively new games like Bitcoin Crash, Bitcoin gambling games, or familiar names like Wheel, Roulette, and Blackjack, this sector has a lot to offer. 

The best crypto games are billion-dollar enterprises with huge user bases.  Such is the power of the blockchain to transform crypto gambling and gaming, and credit to its unique benefits. It is these benefits that attract gamers from all over the world. These are some of them: 

  • Better Security 

Blockchain technology can secure a gaming ecosystem better. Users can secure their virtual assets against trading on the black market because the immutable ledger prevents duplication. 

Accordingly, users can own and trade virtual goods. The tragedy of working had and paying for in-game items only to have them counterfeited on the black market by fraudsters is minimized. Smart contract technology allows the best crypto games to have confident gamers who are sure that they hold and transact authentic items. This sense of security is vital to the development of crypto gambling and gaming. 

  • Better Payment Processing For Crypto Gamers

Established gaming companies are notorious for expensive fees and time-wasting transactions. Blockchain gaming reduces costs and makes payments faster. No matter how small the payments are, blockchain platforms can process them instantly. Users don’t need the bureaucracy of credit or debit card companies, which come with fees. The decentralized nature of the blockchain means that users have insignificant gaming costs.

Processing micro-payments allows users to even sell their software without needing app stores. A platform like BC Game operates a Bitcoin Lightning Network node to make payment processing more efficient. 

Therefore, crypto gamers have the ability to make in-game purchases more efficient. In crypto gambling, this edge comes in handy. Transferring micro-payments directly between users and developers ensures that the entire gaming experience is more efficient and empowering.

  • Gamers to Have Full Control over Their Virtual Assets

Decentralization is a powerful concept. The mainstream gaming industry often stores gaming assets in centralized servers to prevent duplication. Accordingly, gamers in such ecosystems don’t own any of the assets they purchase and cannot trade their assets outside the game.

The essence of the blockchain is to facilitate the exchange of virtual assets. Making virtual assets decentralized has been massive in giving gamers more control over their virtual assets. The peer to peer interaction on the blockchain makes it better for gamers than centralized models. 

In the future, the exchange of virtual assets across different games may be an actual possibility. This will enhance the gaming experience across the board.

  • Instant Worldwide Crypto Exchanges

Blockchain gaming is global nature. Gamers from all over the world congregate on the digital platforms to game and trade digital assets seamlessly. In traditional gaming, the lengthy processing times for gamers in different countries make cross-border interaction inefficient. Blockchain technology facilitates exchanges without regard for borders and processing bureaucracy. 

  • Fueling Game Development

Gamers with the skills and the ideas needed to create their own games have an equalizing tool in the blockchain. The ICO boom saw an unprecedented injection of capital into crypto startups. Even though this model of crowdfunding has declined, developers have more ways to both create and raise capital for their games. 

Blockchain-related games have exploded in the past few years. The fact crypto games allow users to build up value in the form of crypto tokens helps fuel this rise. Moving forward, the gaming development boom facilitated by the blockchain is likely to go even higher as the industry matures. 

  • Gamers Get Dividends and Can Vote In Development Processes

Decentralization makes gaming platforms more democratic. In centralized gaming platforms, gamers often complain about some features of the game. Unfortunately, they have no control over the direction and upgrades of the game.

Blockchain gaming is based on community participation. Users have the incentive to participate in decision-making processes on most platforms. Besides, crypto games that utilize staking to raise new tokens allow some gamers the opportunity to earn dividends from the gaming ecosystem. 

  • The Crypto Tokens 

This is an advantage unique to the crypto ecosystem. Users can collect gaming tokens and store or trade them representing actual value.  

Crypto tokens and in-game items can also appreciate in value and make users make profits. 

In 2017, CryptoKitties gamers had a great appreciation for the value of their in-game items and realized great returns. These crypto tokens represent value and a user can build wealth on these crypto gaming platforms.

To Wrap It Up

In summary, the blockchain offers tremendous possibilities to users. Gaming has a lot to benefit from the decentralization and commerce-facilitation that the blockchain adds. The result is gamers who can create, trade, and monetize their ideas better. Even the sheer gaming experience is a notch higher because of better participation. Ultimately, this is a sector with no ceiling because it is still in its relative infancy. The future of blockchain gaming is beset with possibilities.