Connect with us

Don't Miss

Blockchain Game Featuring In-Game Sidechain and Delegated Proof of Stake Adopts ERC-1155

Published

on

CryptoFights
READ LATER - DOWNLOAD THIS POST AS PDF

Game studio Thoughts in Motion, Corp. has announced its end-to-end blockchain role-playing fighting game CryptoFights will adopt Enjin Coin’s platform to create in-game items using the next-generation ERC-1155 token standard. CryptoFights has broken new blockchain gaming barriers with the use of Delegated Proof of Stake, a democratic consensus system that yields high-performance gameplay and enables trustless, secure state changes for rounds. CryptoFights’ game client communicates with a decentralized sidechain backend and doesn’t depend on centralized servers for operation.

CryptoFights, an innovative 1vs1 role-playing fighting game by Thoughts in Motion, utilizes blockchain technology to manage in-game assets and gameplay. Featuring serverless gameplay, CryptoFights uses a sidechain to enable high-performance gaming while securing game assets on the Ethereum mainchain. It can be described as a turn-based Street Fighter, with interchangeable weapons and armor providing a real-time strategic advantage to players who outmatch their opponents.

The trustless gaming architecture of CryptoFights utilizes blockchain validation to prevent cheating and provide transparency. End-to-end integration of blockchain technology into its game mechanics and economics makes CryptoFights one of the most ambitious blockchain gaming projects in development.

CryptoFights will utilize the ERC-1155 Crypto Items Standard to mint in-game assets on the Ethereum blockchain. This groundbreaking new token standard has recently made headlines given its potential to replace ERC-20 and ERC-721. Created by cryptocurrency project Enjin Coin (ENJ), ERC-1155 offers the flexibility to create fungible, non-fungible, and semi-fungible tokens. It also enables developers to place the majority of their code into one core contract and use identifiers to prompt an infinite number of tokens to draw from that single set of source code. This monolithic approach to code distribution will not only serve to drastically cut down the vast sums of redundant code copy-pasted into every token; it will also reduce gas costs by up to 90% when deploying the hundreds of tokens used by most games.

CryptoFights will also use Enjin Coin to back the value of their items, meaning in-game items, represented by ERC-1155 tokens, will contain an amount of ENJ that users can later retrieve by “melting” their items. Users can also buy, sell, and trade their ERC-1155 tokens through third-party platforms, while CryptoFights is able to monetize these external peer-to-peer marketplaces with transaction fees automatically obtained and allocated using Enjin Coin’s smart contracts.

Using ERC-1155, CryptoFights can also save on gas fees by bundling transactions. For example, on June 24, Enjin Coin’s developers became the first team to conduct an on-chain transaction with more than one class of token. In a single transaction containing 102 different token types, Enjin Coin developers sent 10,000 ENJ-branded ERC-1155 tokens (to simulate cryptocurrency), 500 “Gold Coins” (to simulate in-game currency), and 100 one-of-a-kind items (to simulate unique in-game items). The total gas cost for this complex transaction was just $2.42.

Join the CryptoFights community: https://discordapp.com/invite/EJrMsHW

Contact:

Adam Kling

Founder

info@cryptofights.io

https://cryptofights.io

Don't Miss

How Cryptocurrencies Will Change Online Gambling in the Future

Published

on

online gambling
READ LATER - DOWNLOAD THIS POST AS PDF

Anyone who has followed online gambling since the beginning can tell you that things don’t stay the same for long. One of the reasons for this is that technology improves at such a ridiculously fast pace, and innovators in this industry are able to match up with those technological changes pretty quickly.

An innovation in technology that the Internet gambling industry has really learned from is cryptocurrency, with bitcoin in particular leading the way. We’ve seen it emerge as an alternative banking method, but it’s going to change the industry as a whole in ways that people can’t quite understand yet.

A Post-Legality Era

Something that has eluded online gambling since its inception is the idea of a global governing body. As it stands right now, each individual country (and smaller units of jurisdiction) have their own governing bodies that oversee in the industry. A lot of these laws are tied to banking laws, and that’s where the legality of playing in bitcoin casinos becomes such an interesting topic.

In the present, we’re seeing country-based regulatory bodies from places like Malta, Gibraltar and the United Kingdom start to work together and recognize each other’s licenses more and more. That’s taking serious steps towards having a global governing entity, and once that happens, the role of bitcoin is going to be even larger than it is now because it’ll…

Continue Reading

Don't Miss

VOLUM (VLM) Announces Commencement of Token Generation Event

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

ESTONIA, May 4, 2019 – VOLUM (the “Company”), a multi-dimensional blockchain technology holding company, is thrilled to announce the commencement of the Volum (VLM) Token Generation Event (“TGE”) beginning on Saturday, May 4. The VLM utility token is the native cryptocurrency powering the VOLUM supply chain and logistics management platform.

Driven by algorithmically intelligent software tailored to logistics and supply chain management, along with Internet-of-Things (“IoT”) integrated functionality, and a backbone of hybrid public and consortium blockchain architecture, the platform is organized around the Volum (VLM) token. The VOLUM TGE will be managed by deploying ERC20 tokens on Ethereum Mainnet to maximize future access to cryptocurrency exchanges.

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

“The total addressable market for a blockchain-based supply chain solution is nearly $54 trillion globally, with the majority of the world’s workers playing some part of this equation” noted Arnaldo A. Detrés, CEO of Bengala Technologies, LLC, the principle blockchain developer working to build the VOLUM platform. “However, blockchain solutions have been unable to…

Continue Reading

Don't Miss

How to Secure Yourself in Relation to Bitcoin: Top VPN Services

Published

on

Bitcoin
READ LATER - DOWNLOAD THIS POST AS PDF

Nowadays, more frequently people opt to use cryptocurrency such as Bitcoin while dealing with financial transactions for its convenience, so its increasing prevalence isn’t round-of-the-mill phenomenon but still, its users need to create fully protected cooltechzone to secure their data.

Recently, a great abundance of VPNs have started to accept it as a way of payment and it definitely makes sense: one buys VPN to retain anonymity on the Web, so why not to use the privacy-focused payment method? Paying for a VPN service with Bitcoins or any other cryptocurrency secures personal data from curious eyes leaving no traces.

What is a VPN?

Virtual Private Network (VPN) is generally presented by the group of linked to each other computers via the Internet. VPN boosts protection and provides a high level of anonymity to all types of Internet connections.

Security

While the connection to the ordinary Wi-Fi networks, a user usually gets access to the Internet directly, thus he becomes vulnerable to the hackers and the malware attempting to steal his personal data. On the other hand, applying VPN one transmits and gets data in encrypted form which makes it protected.

Anonymity

Generally, isn’t hard to trace an Ip-address of any user and to identify his location with sufficient accuracy. With the help of VPN, the attacker will only get the address of the removed computer. Undoubtedly, the safeguard…

Continue Reading

Elite