One of the most exciting spaces on the internet right now is the world of online gaming. Initially, many of the computer games that were developed were only available from the personal computer of the gamer. This could be because there was a limited capability for the game to be incorporated online or because of slow internet speeds or even low-quality graphics, there were many reasons why games were not played online
As technology developed, not only were people able to play on the internet, but they could also communicate and play with other people from all over the world. These multiplayer games allowed people to work together towards common goals or compete against each other for prizes and other rewards. While there was much fun to be had, some of the games suffered from their dependence on traditional banking options. Some of the consequences included high transaction costs, limited currency options and delayed deposits and withdrawals.
The solution to these problems was the adoption of cryptocurrencies and the blockchains they were based on. This allowed an entirely new industry to be developed called crypto gaming. Thanks to their design, these games have an unrivaled level of transparency, security, and privacy. There are also market observers, such as OKX, that keep anyone interested abreast of the current cryptocurrency caps and costs.
For example, if an online game is based on the Ethereum blockchain, then all of the transactions which are conducted on the blockchain are recorded and visible for all to see. This means that casino games where players might be concerned with predetermined card dealing or stacked decks are now more trustworthy because everything is on display. When a game says that there are bonuses won, a player can consult the online marketplace to assess the fiat currency value of the winnings.
There is also great potential for external applications to be added to games. One key example of this is the adoption of Random Number Generators (RNGs). One such number generator, the API3 Quantum Random Number Generator, uses quantum mechanics to monitor particles that appear in a vacuum. Numbers are associated with these particles and fed into the generator, which is broadcast globally. The result is the world’s first genuinely random number generator that is not dependent on any mathematical equation and can be monitored and potentially deciphered. Such randomness is beneficial to game developers who need to create engaging games that attract loyal players. Players, in return, are rewarded with an authentic experience.
Another application from third parties which can be added is the digital wallet. These wallets, which can be filled with local, fiat, and cryptocurrencies (depending on the company or bank), are ideal for adding to gaming profiles. It is always unwise to incorporate one’s personal details or bank card with an online account – and crypto-dependent wallets provide a wall of security that is hard to replicate.
There are all types of games that benefit from cryptocurrencies. Games that offer in-app purchases have been one of the early adopters due to the transaction speed. If a player is out of lives, they do not want to wait more than a few seconds for a payment to be processed. Crypto options ensure that speed is guaranteed.
Another prominent advocate for blockchain and digital currencies is the online casino industry. Regardless of the size or scope of the casino, every company wants to develop loyal customers who trust their system, and every customer wants a reliable, engaging game. Crypto gaming is prevalent in casinos that boast catalogs of card games, table games, slots, bingo, and jackpots. If you decide to avoid the jetlag and travel costs of flying to Las Vegas, Monaco, or Atlantic City, these games will make you feel like you are on the casino floor.
One of the emerging arenas which are yet to be fully developed, but that crypto gaming is dominating is the Metaverse. The Metaverse is seen as the next iteration of multiplayer gaming, where people can interact, purchase virtual property, and truly integrate into the world they create online. The economy of this world would be impossible to sustain if it was dependent solely on fiat currencies, so it must embrace cryptocurrency.
If one intends on participating in the online world of crypto gaming – now is the time to get started. Regardless of what type of gaming is desired, from simple app games to online casinos to the Metaverse, the level of confidentiality and assurance is unrivaled.
