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Gaming Platforms on the Blockchain: Here’s Three to Watch – Playkey (PKT), Enjin (ENJ), Chimaera (CHI)

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Gamers have always taken advantage of and contributed to, the technological advancements of the digital age. Necessity is the mother of invention, after all, and the games available to the public today require consistent breakthroughs in internet speeds and computing power to run as designed. But stunning graphics and lightning-fast response times aren’t the only technological areas gaming developers have championed. Having years ago created in-game markets for the trading of digital assets, the first virtual-currencies were not found on an exchange, but rather in a game. Today, a growing number of developers are ready to revolutionize the meaning of decentralization with a series of gaming platforms and their associated crypto-tokens.

Yes, the gaming community adapts quickly to new technology in the pursuit of their favorite hobby. And the blockchain is no different to them in this regard. But as investors look out onto the virtual landscape in search of a secure place to park their Ethereum (ETH), what exciting developments in the gaming industry are available for them to choose from? Three gaming platforms to watch are listed below, each representing unique niches in the expanding altcoin universe.

Enjin (ENJ)
The Enjin Network and associated Enjin Coin (ENJ) take the trading of virtual assets to a whole new level. With a customizable ERC-20 token (that can be spent in-game as well as traded on your favorite exchange), the Enjin Coin (ENJ) platform allows game developers to create their own token using Enjin Coin (ENJ) as a parent currency. Users of the Enjin platform can take real ownership of their virtual assets this way, trading items across games in the world’s largest gaming-website platform available.

Boasting 250,000 gaming communities and nineteen million users, millions of dollars (USD) of virtual goods are traded on the platform each month. And with the world’s most secure digital wallet available, supporting Bitcoin (BTC), Ethereum (ETH), Enjin Coin (ENJ) and all ERC-20 tokens, Enjin (ENJ) stands ready for mass adoption by an eager public.

Enjin Coin (ENJ) is available on Binance, KuCoin, and a number of other popular exchanges.

Playkey (PKT)
Playkey owns gaming in the cloud. And if you believe what they’re saying in the chatrooms and gaming forums online, cloud gaming is the future. Playkey offers a solution to a massive problem in the gaming industry; Namely, eighty-one percent of gamers lack the computer resources necessary to play the newest PC games. Cloud gaming allows players to rent servers capable of handling the computing demands of these new games for considerably less than the cost of upgrading computer hardware.

Playkey Token (PKT) is used for all of the transactions that occur between gamers and miners on the platform. As more people play, the demand for Playkey Token (PKT) will rise, giving investors a great reason to hold the token over the long term.

If you missed November’s token sale, you can find Playkey Token on a few exchanges including Idex and EtherDelta.

Chimaera (CHI)
Finally, on this short list of gaming platforms to watch, is Chimaera (CHI). Chimaera has a key advantage to its platform of massive multi-player decentralized games: experience. The developers of Chimaera started with a proof of concept called Huntercoin. The Huntercoin experiment, deployed in 2013, created the worlds first game built entirely on the blockchain. The Chimaera platform builds upon the know-how gained from the Huntercoin experiment and plans to offer a wealth of tools for developers bringing their games to the platform.

The Chimaera (CHI) platform also promises the scalability necessary for massive game worlds and virtual inventories. Boasting of breakthroughs in their off-chain scaling, in what they refer to as Game Channels and Ephemeral Timestamps, developers utilizing the Chimaera blockchain are free to think big when creating their online fantasy-worlds.

The Chimaera token’s (CHI) pre-sale date is yet to be determined.

Gaming on the Blockchain
The gaming industry represents a growing market keen on the technological advancement of blockchain technology. From the creation of ERC-20 tokens based on a parent currency to cloud-based computing for overtaxed consumers to the achievement of scalability for massive multiplayer game-worlds, the solutions gamers find to common technological barriers will redefine the blockchain to a warming public, ready to take their first steps into the altcoin universe. And as investors ready themselves for increased public participation in the market, those wanting to stay in-tune with public demand would be wise to consider the gaming tokens listed here. Playkey (PKT), Enjin (ENJ) and Chimaera (CHI) represent gaming on the blockchain.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of JD Hancock via Flickr

Currency Market

Policymakers on crypto regulations during Ripple Swell and the effects on the market now

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The concept of blockchain has changed the outlook of the world’s financial systems. The world’s financial system has come to embrace the blockchain technology concept. But the means of which the world’s financial policymakers should handle cryptocurrencies was one of the major discussion during the recent SWELL conference held by Ripple.

We should, however, note that blockchain technology came at the time when the world’s financial system wasn’t efficient as much. Right now, blockchain technology is aiding quick transactions and cross-border payments around the globe – thus, we can say blockchain technology is revolutionizing the world. But to this end, the increased jeopardies and the unfortunate happenings in the crypto-space is making blockchain an unsafe haven.

But, there were a couple of positive views put on the table by lawmakers during the Ripple SWELL conference this year, which has started to show some positive effect now.

The discussion between policymakers during Ripple event

At the SWELL conference, different discussion sessions were done. But the session dubbed “Crypto Regulation Around the World” involved experts and policymakers in the crypto space featuring the executive from Abu Dhabi Global Market, Richard Teng; former attorney from the SEC (Security and Exchange Commission) Compliance Inspections and Examination office, Michael S. Didiuk; Anchari Suppiroj of Thailand’s Security and Exchange Commission (SEC); and Ross Leckow, the deputy general counsel from the International Monetary Fund (IMF).

From the Ripple SWELL conference 2018, Abu Dhabi and Thailand…

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Currency Market

The race for No. 2: Ripple’s XRP is growing, and Ethereum is shrinking. Why?

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Ripple XRP
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Over the last three weeks, Ripple’s XRP cryptocurrency has been raising in price slowly but steadily. As we write this article, it’s trading in green numbers at $0.422 even during the current bearish run of the market, which means despite regular market dips, it’s doubled its price in a relatively short time.

Moreover, for some days during the recent period, it’s been the world’s second coin, beating Ethereum. But will that be consistent? Should Ethereum be worried? Well, maybe. Ripple advancements and XRP’s massive growth is undoubtedly putting Ethereum’s dominance in question.

Ethereum came live in 2015, and it quickly became the most crucial blockchain in the world, second only to Bitcoin. It became the dominant platform for smart-contracts and many of today’s most exciting blockchain technologies came to life using Ethereum’s operating system (Tron and EOS are the primary examples).

But now, Ripple (XRP) grows while Ethereum is shrinking

Before this September 18th, the gap between ETH and XRP was huge. Ethereum’s market value more than doubled that of Ripple’s. As we write this article, the difference among both assets is around three billion (17 vs. 20 billion). If things keep moving in the current direction, this gap could close down, and even reverse in the next few weeks, if not sooner.

The recent XRP bullish run is the highest it’s ever had. It went up by 200% in fewer than four days just a couple of weeks…

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Altcoins

Cardano (ADA) research manager meets with Brazil representatives

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Cardano is one of the top crypto assets in the market today. With its visionary team, it has become robust in creating projects that not only benefit its blockchain but the world.

Its CEO, Charles Hoskinson, also the founder of IOHK, has also been focused on making sure Cardano’s utility spreads across countries. It is important to know that IOHK, the team that has developed Cardano’s blockchain was created in 2015.

IOHK is a reputable digital company that is poised in making use of peer-to-peer innovations to provide financial services to more than 3 billion people that don’t really have access to them.

As part of the plans by the Cardano’s team to provide great innovations for providing financial services to people worldwide, and empower countries across the world, Cardano’s research manager, Mario Larangiera, met with Mario Borges, the President of the Brazilian National Council for Scientific and Technological Development (CNPq) in the Brazilian Embassy in Tokyo, in Japan, to talk about the future of Brazil.

Mario Larangiera tweeted on his Twitter page:

Meeting with Mario Borges the president of the Brazilian National Council for Scientific and Technological Development (CNDq) in the Brazilian Embassy in Tokyo. In Japan but thinking about the future of Brazil.”

Moving forward, it is important to note that Cardano is poised in making great systems for financial services of the world, and it is taking a wise approach with its collaborations.…

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