Please enter CoinGecko Free Api Key to get this plugin works.

Partner links

What you need to know about blockchain technology and gaming


To say that blockchain technology is big news is an understatement. It is the technology to be involved with right now if you’re interested in a disruptive technology. As a refresher, it is the underlying technology behind cryptocurrencies like Bitcoin and Ethereum. It is also behind an emerging trend in gaming called blockchain gaming, or crypto gaming.

Blockchain is simply a transaction that is recorded and added to a previous transaction, forming a chain of data. Each transaction added to the chain can account for many different things. For example, with Bitcoin, the transaction that makes up blockchain data here is the movement/discovery of units of the cryptocurrency.

Broadly speaking, blockchain technology and cryptocurrencies are easier for gamers to understand. This is because virtual money has been a part of gaming, dating back to the currency used in World of Warcraft, which enabled players to make in-game purchases.

Because the technology prevents double-spending of cryptocurrencies, it has proven to be a reliable authenticator of ownership of digital assets without relying on a middle man. Also, the transactions cannot be tampered with and can be traced, creating resilience against fraud.

One positive that will come out of implementing new games and reframing existing ones on blockchain technology, with cryptocurrency along for the ride, is that it will take away the need for gamers to use offline payment methods to make purchases from developers. The other is that it’s going to ensure that the number of people turning gaming from a hobby into a career continues to increase. The prospect of accumulating in-game achievements and rewards that can be paid out in cryptocurrency, which can be easily exchanged for fiat currency, almost guarantees that.

It is also possible that blockchain is going to pave the way for new developments in gaming. What those new developments will be and when we’ll see them is any body’s guess.



Partner links

Newsletter: Subscribe for updates

Notify of
Inline Feedbacks
View all comments

Get the latest

On social media

Security distros

Linux distros for hacking and pentesting

Crypto mining OS

Distros for mining bitcoin and other cryptocurrencies

Crypto hardware

MSI GeForce GTX 1070
Installing Nvidia GTX 1070 GPU drivers on Ubuntu

Disk guide

Beginner's guide to disks & disk partitions in Linux

Bash guide

Bash shell terminal
How to set the PATH variable in Bash
Hya, what do you think? Please comment.x