The blockchain has been a true revelation. Initially thought to be only limited to Bitcoin, this technology has shown remarkable versatility to become one of the defining innovations of the past few decades.
Its rise coincided with gaming popularity going through the roof. The confluence between these two sectors was natural and to a great effect. Today, there are endless examples of crypto and Bitcoin gambling games to pick from. Choosing the best crypto games on a platform like BC games could boil down to the preference someone has.
The blockchain offers several benefits to gaming. Crypto adds fluidity and excitement to the blockchain gaming scene. Other aspects of gaming like crypto gambling, and augmented experiences are also gaining traction.
On blockchain gaming platforms, users can explore a great variety of crypto games. Whether it is a game that simulates Bitcoin crash, dice, Blackjack, Bitcoin gambling games, wheel, Roulette, and much more, there is a lot to explore. Some of these gaming experiences are familiar, yet inject the efficiency of the blockchain to make it unique for users.
Accordingly, this sector has a lot to gain from blockchain innovation. Let’s look at some ways in which blockchain is transforming gaming:
Blockchain Streamlining Payment Processing
Online gaming is big business. However, the payment processing aspect of gaming using fiat currencies is inefficient and expensive. Players have to pay expensive fees when using different fiat currencies to utilize online gaming.
The blockchain adds an incredible amount of efficiency to gaming. The best crypto games usually have negligible fees for access, instantaneous withdrawals, and general cost-effectiveness. Gaming should be a fun and accessible sector. There is no reason why modern gaming platforms should have such bottlenecks, especially for people in developing countries.
A platform like BC.Game operates a Bitcoin Lightning Network node. This utility greatly improves payment processing while enjoying the best crypto games.
Users can enjoy an online gaming experience without the fees associated with debit and credit cards, or whatever payment systems they rely on. Decentralised commerce is swift and does not require centralised sanction, a factor that always comes with fees and waiting times.
Control Over the Gaming Economy
Decentralization is an empowering concept. The fact that users have more control over the commerce and creative side of things on blockchain gaming platforms is a great incentive. In mainstream gaming, users often have to live with the predetermined rules set in place by the game developers. Users with the creative license to create their own products are disenfranchised in such an environment.
Additionally, centralized gaming is susceptible to regulation by governments. For instance, governments with a vested interest in restricting Bitcoin gambling games for instance can do so pretty easily in mainstream gaming. This gives rise to the black market which infringes on the ideas of original game developers.
For the blockchain, it is harder to censor it because the technology is decentralized and global.
Developers have more creative license to create games and earn from them. They can choose to also have a greater collaborative footprint and control the monetization of their ideas better. In general, blockchain developers are more empowered because they have a versatile tool to actualize their ideas and control their products even without institutional support.
Transparency and Fraud-Reduction
The gaming industry is constantly looking for how to eliminate online frauds. Gambling has always drawn potential fraudsters who design deceptive platforms to lure online gamers. The blockchain can save the industry billions of dollars by injecting unparalleled transparency.
Online gaming on the blockchain has a community element to it. It is easier to track the participation levels in each Bitcoin gambling game and observe payment processes and whatnot. Blockchain encryption is also a sustainable solution for game developers who need better storage of data. Utilizing blockchain encryption ensures that user data is beyond the reach of hackers and other fraudulent entities. Gaming items are also safer, and this saves developers from major blushes.
Affordability of In-Game Items
Having relatively expensive gaming items can limit the growth of the customer base. It comes as no surprise that the black market for some stolen gaming items is thriving. Blockchain innovation adds the utility of micro-transactions and affordable gaming items. Developers set prices in digital tokens, which gamers can get at their convenience. Users feel that they are in better control of their expenditure on a platform like BC gaming.
The ability to use multiple cryptocurrencies in a blockchain gaming platform allows flexibility for users. Tokens like BTC or UNI have great usage in crypto circles, and having them as payment options for crypto gambling in-game items is great.
The in-game items make the gaming experience worthwhile. Users are able to trade among each other and build liquidity without centralized bottlenecks. Generally, blockchain and crypto make the interaction and engagement between gamers more dynamic and potentially more lucrative.
The blockchain is certainly the future of online gaming. Having a cost-efficient ecosystem, empowering to the average gamer, and secure ticks all the boxes for an enhanced gaming experience. The gaming industry is better off with this innovation, which is taking many other sectors by a storm. It will be interesting to note the growth of blockchain gaming in the near future.