Breakout Gaming Announces ICO And Launch Of One Of A Kind Exciting New Decentralized Gaming Platform

Breakout Gaming is launching a new decentralized gaming system providing members with a robust selection of the most advanced gaming products online. Breakout Gaming is entering into the two newest and fastest growing online gaming markets; Fantasy Pro Sports and Fantasy eSports. Players can experience Breakout’s proprietary Fantasy eSports games along with various other cutting edge games offered through a unique digital hub, using one universal username, with funds held in a single wallet for quick and easy access.

Gaming highlights include:

- Digital hub UX designed by an Emmy-award winning design team...
- International professional player representatives under contract...
- Multi-level player referral system...
- 600+ Casino games...
- Over 20,000 unique sporting wagers monthly...
- Full Poker suite including all tournament variations, as well as a full poker education system...
- Play for fun Poker site...
- Fantasy Pro Sports - NFL, MLB, NHL, NBA, & international soccer...
- Fantasy eSports - League of Legends (LoL), Defense of the Ancients (Dota2), and others...

Breakout Gaming will operate as a legally licensed and regulated provider, and will be accepting both fiat and cryptocurrency for game play, as well as a selection of airline loyalty currencies. The Company will provide a wide selection of accessible, legal to play games to players without restrictions on location, and give members access to a much broader choice of funding options than are currently available on any other site operating in the online gaming space.

To serve the increasing growth in the mobile gaming market, Breakout is inviting players to access the fully responsive platform through almost any device, including; instant play from either PC or Mac, mobile devices including smart phones and tablets, and game play through all top-tier operating systems including Windows, Mac, IOS and Android.

Breakout Coin is a payment system that can send money anywhere instantly using a decentralized ledger to store transactions, which means no banks, governments, or other central authority will control any part of the payment system whatsoever. The Breakout Coin payment system is fully transparent, allowing anyone in the world to audit any transaction that is ever processed by the payment system. Breakout Coin employs cutting-edge technological safeguards to ensure that every transaction is balanced and in sync so that no individual can spend money that is not theirs or in other words "double spend".

The new and innovative Breakout Coin payment system is a one of a kind system in that it supports a handful of currencies, each with their own unique properties. This type of currency system is brand new and is termed a “Multi-currency” system. The properties of each currency of the Breakout Coin platform influences the ways in which each of the currencies are used.

Here is a breakdown of each currency and the benefits that each has to offer:

Breakout Coin [BRK] – When Breakout Chain goes live as a payment system, 19.5 million Breakout Coin will go into circulation, 10 million of which will be distributed to those who bought Breakout Coin in crowd sales. Each Breakout Coin can be divided to eight decimal places, making possible very small transactions, called “micro-transactions”. Breakout Coin has the currency symbol “BRK”.

Breakout Coin transactions require a small fee paid by the sender and collected by individuals who support the network by certifying transactions. These individuals run special open-source software that they download for free. In exchange for running this special software and ensuring that it stays updated, network participants can collect small transaction fees and other rewards that cover their expenses and even allow them to turn a profit. Absolutely anyone with a computer and an internet connection can download the software and participate in the network.

Over time, additional Breakout Coin will be created at the rate of 5% per year to encourage more users to support the network, making it that much stronger. This 5% inflation is awarded as interest to those who have proven their stake in the network. This stake takes the form of another currency called “Breakout Stake”, which has the currency symbol “BRX”.

Breakout Stake [BRX] – Breakout Stake owners have stake in the Breakout Chain network. Only 12.5 million Breakout Stake will ever exist, and some will even be lost over time to transaction fees. Owning Breakout Stake gives individuals the right to certify transactions using the special software mentioned earlier.

By supporting the network in this way, Breakout Stake holders earn interest on their stake. This interest is paid as Breakout Coin.

Because they have a proven stake in the network, Breakout Stake owners have a strong incentive to perform transaction certification in good faith. Naturally, the more Breakout Stake an individual has, the more authority they have to certify transactions. Looked at another way, the more authority an individual has, the bigger their investment, and the more their incentive to act in good faith.

Abuse of one’s certification authority by approving invalid transactions is designed to be prohibitively expensive. In fact, it would require control of much more than 50% of all the Breakout Stake in existence to undermine the integrity of the network this way. It goes without saying that such an act would also destroy the considerable investment needed to build the stake required to undermine the network.

Sister Coin [SIS] – Breakout Chain is a hybrid Proof-of-Work/Proof-of-Stake (PoW/PoS) blockchain. Unlike other PoW/PoS hybrids, however, in Breakout Chain, the two different security systems emit two different coins. Whereas PoS emits Breakout Coin (by staking Breakout Stake), the PoW emits Sister Coin. This type of system is completely novel and unique to Breakout Chain.

One powerful benefit of mining Sister Coin by Proof-of-Work is that miners can claim fees not claimed by Proof-of-Stake. These fees are available because Proof-of-Stake blocks can not collect fees. The result is that even though Proof-of-Work miners find only half the blocks, Proof-of-Work miners are awarded all fees imposed on any transaction in the blockchain, even those transactions recorded in Proof-of-Stake blocks. This system, called “fee scavenging”, promotes blockchain security by providing additional incentives to Proof-of-Work miners.

This unique system has a number of advantages. First, the two security systems do not cross-talk in any way because the amount of Sister Coin does not influence either the amount of Breakout Coin or Breakout Stake. Second, the PoW and PoS difficulty adjustments (that keep block times close to 5 minutes) are independent. The algorithm that calculates the difficulty is called “Breakout Gravity Wave”, which is a hybrid PoW/PoS adaptation of Dash’s “Dark Gravity Wave”. Third, hybrid the PoW/PoS system means that a successful attack requires both 51% of the hashes and 51% Breakout Stake. Moreover, any attacker must coordinate the dual-pronged attack precisely, leaving little room for error. In other words it is not only prohibitively expensive to attack Breakout Chain, but an immense technical challenge as well.

Breakout Coin also introduces several novel technologies to cryptocurrencies. These include atomic currencies, delegated fees, fee scavenging, arbitrary staking relationships, and immaleable transactions.

Details of each are lsited below:

Atomic currencies- are currencies distinguished by the fact that they are indivisible beyond whole units. For example, Breakout Chain has a deck of 53 collectible playing cards. Each card is actually an atomic currency with a money supply of 1, making each card a true “colored coin”, which is a unit of currency that has a unique, traceable identity. Because these deck cards are atomic, they can not be split, similar to real cards. Atomic currencies need not have money supplies of 1. In fact, Breakout Chain has a currency called Atomic that has a money supply of 10,000,000,000.

Delegated Fees- are necessary to send currencies from which it is not sensible to take fees directly. Good examples are the 53 playing cards. It is obvious that since each card is indivisible, taking a fee denominated in the card means taking the whole card as a fee, making it impossible to send a card. To send cards, therefore, fees are collected in Sister Coin. Other currencies that are divisible (e.g. Breakout Coin and Sister Coin) or have large enough money supplies (e.g. Atomic) do not use delegated fees.

Fee Scavenging- is a system whereby fees may be collected in a block later than that in which the corresponding transaction was included. Because PoS stake earns interest, it does not allow stakeholders to take fees paid by the sender. These fees do not simply disappear. They remain unclaimed until a block is solved by PoW, allowing for the PoW block finder to claim the fee. Delegated fees provide more incentive for PoW miners because they can mine any number of fee currencies at a time.

Immaleable Transactions- are transactions wherein the transaction ID (TxID) of a transaction can not be changed without invalidating the transaction. Bitcoin has been plagued with problems related to its transaction malleability. For example, the MtGOX collapse was attributed in part (even if disingenuously) to malleability. More recently, numerous denial of service attacks have flooded the bitcoin network with transactions that differ only in their txid, causing extraordinary stress on the network. In Breakout Chain, transactions are rendered immaleable by calculating the TxID from all of the transaction details excluding the signatures, then enforcing that the spender must also sign the TxID. If any entity tries to modify the TxID, it will invalidate the signature and propagation of the modified transaction through the network will stop abruptly.

Another highlighted feature worth mentioning is what they call “The Deck”, one of the innovations of Breakout Chain is what could be termed a “first class colored coin”. Colored coins are single coins that can be distinguished from any other coin. They might be compared, for example, to notes of sovereign currencies (a.k.a fiat notes) that have serial numbers printed on them. Colored coins are an essential feature for a complete cryptocurrency because a colored coin can be associated with a unique, real world object, such as a land title or automobile. As a proof of concept for Breakout Chain colored coins, a deck of 53 unique playing cards was created. These cards were given to testnet participants based on a provably fair lottery. Each card can be sent to anyone using a standard Breakout Chain payment, held in multi-signature escrow, or even sent using stealth addresses.

The Breakout Coin (BRK) crowdsale, which began June 13 announced it has raised over 700 BTC to close and now the crowdsale activity continues with Breakout Stake, Breakout Coin’s second crowdfunding campaign began on July 10 at 5 PM PST, and will run until Sunday, July 24. Hosted by Bittrex, 6.6 million Breakout Stake (BRX) will be available at an exchange rate of 1,500 BRX per BTC. Breakout reports that any BRX left unsold after the crowdfunding will be “provably destroyed” by Bittrex, after which BRX will be added to the exchange’s list of supported currencies.

In concluding, The Breakout Coin payment system, the multi-currency and novelty features and the gaming aspect including BreakoutPoker are experiencing a very successful launch and the ICO is on fire and looks to be on track for long term growth potential.