Blockchains aren’t all about money. You can play decentralized games on them, too!
In only a few short years, cryptocurrency has captured our imagination and changed how we think about and use money. As crypto has become more mainstream, game developers have started to take notice, developing games based on blockchain technology.
Although the crypto gaming industry is still in its infancy, it has gained a loyal following. Decentralized gaming promises to give gamers freedom impossible to achieve within traditional gaming ecosystems. Keep reading to learn how crypto gaming works and what the future holds for this new genre.
To understand crypto games, you need to know a little about blockchain technology. As the technology that powers Bitcoin, Ethereum, and other cryptocurrencies, blockchain is at the heart of crypto gaming.
At its core, a blockchain is a database shared across a network of computers, working as a system to record information. Once a record is added to the chain, it is near impossible to alter or hack that data, making it extremely difficult to cheat the system. Computers connected to the network constant check to ensure all copies of the database are the same. Crypto games are built on blockchain technology.
As most know, gaming is a centralized activity with everything developed for a game—skins, in-game currency, and assets—confined to the game itself. As a result, game developers retain ownership of everything, and nobody can create an alternative version of the game.
Crypto gaming flips the existing model on its head, allowing everyone to own a small part of the game. Imagine owning the in-app purchases you make in a game or transferring winnings or purchases made in one game to another. Crypto gaming makes all that possible, giving digital assets real-world value.
Unlike in traditional gaming, crypto gaming assets don’t live on a centralized server. Instead, you own the items you acquire playing crypto games, including XP, weapons, and skins. Instead of losing all of your in-game assets when you stop playing a game, you can trade with other players, sell them or take them with you.
With blockchain gaming, players and developers are on the same side. Nobody controls the game’s outcome, and anyone can analyze the code used in most blockchain-based games. This transparency means that if a developer adds an update the community doesn’t like, the game can be split and different versions built.