Games are finally getting a chance to take advantage of blockchain tech, with the upcoming release of Ethereum World Computer. What future applications could this game-changing technology bring?
“Ethereum starting price” is a cryptocurrency that has the potential to save and revolutionize the gaming industry. Ethereum is one of the most popular cryptocurrencies on the market today.
One of the most often referenced figures in the cryptocurrency world is Vitalik Buterin, who founded the decentralized smart contract platform Ethereum. Additionally, Ethereum permits the development of decentralized applications (dApps). Despite its success, Ethereum’s potential is still being investigated; it is often described to as the gaming industry’s savior. Watch to discover how.
A Sad Story About Buterin and World of Warcraft
World of Warcraft was a popular massively multiplayer online role-playing game (MMORPG) that Vitalik played before Ethereum was created (WoW). Buterin had a successful warlock character in the game who could cast some rather potent spells.
The developer of World of Warcraft, Blizzard, degraded one of the spells in an update. The impact that a single line of code may have on the dozens, if not hundreds, of hours that Vitalik invested in creating that game shattered his heart. It was the first time, according to his profile, that he desired decentralized servers were available.
Centralized gaming servers’ issue
A sophisticated in-game economy exists in games like World of Warcraft, where users actively create, loot, and trade hundreds of different goods. The primary problem is that moderators may change such things whatever they like. Of course, modifications can’t actually change the ecology, but they still have the potential to wipe out all of a player’s spells and equipment, reducing them to the level of a level one novice. Even in video games, nobody likes to see someone with that much power.
As a result, WoW’s ecology needs to be more equitable for both in-game things and currency. If only there were a technology that could help people with problems like these. Yes, it does, and it is known as blockchain.
The Use of Blockchain in Online Gaming
Have you ever questioned the worth of Bitcoin? On the surface, it seems rather straightforward: everyone agrees that BTC has a value that varies depending on supply and demand, among other things, just like any other asset. Bitcoin’s use of the blockchain, a decentralized record that distributed power across numerous chain participants rather than a single organization, set it apart from all earlier efforts to develop a digital money. The way that BTC data is saved has also been changed by such a decentralized server, making it safe and almost impregnable.
Let’s not be too technical, however. The fact that Bitcoin functions as a cryptocurrency, has value as a result, and, most crucially, no one can modify the data on the chain, which means no one can change your BTC amount, is what counts.
Now, World of Warcraft may also benefit from such a system. Mods now have complete control over in-game gold. If blockchain technology were used in World of Warcraft, coins would resemble cryptocurrencies and be hard to manipulate, bolstering the in-game economy.
Obviously, it extends beyond cryptocurrency. For NFTs, blockchain is often employed. Digital art is now the most widely used use of NFTs. However, everything digital may be NFTized and transformed into a singular virtual object without the ability to be tampered with. In this manner, in-game things might gain actual value and, in a sense, be shielded from moderators, hackers, and other outside parties.
When you put all of it together, you create an intriguing universe. The good news is that several businesses have already started working on this; one such business is REALM. It’s a cross-chain, community-driven, and open-source initiative that makes it possible to use blockchain technology to build virtual worlds. Meaning that REALM users may design their own own virtual worlds complete with original avatars, objects, pets, and more.
Everything Is About Ethereum
After becoming dissatisfied, Vitalik Buterin founded Ethereum with the goal of making the world decentralized in mind. Additionally, games are a bigger and bigger part of our daily lives.
Through the ERC-20 standard, Ethereum has already standardized the generation of tokens. Moreover, other standards like ERC-721 have made it the most widely utilized network for producing NFTs. It will only be a matter of time until the major game creators take blockchain into consideration and build a completely immersive experience with a real-life ecosystem. They are already utilized for making numerous games.
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