XAYA: THE WORLD OF GAME BLOCKCHAIN

ememevans (38)in #cryptocurrency • 6 years ago (edited)

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Introduction

The evolution of the blockchain and cryptocurrency has been worthy of note, ever since it's inception, cryptocurrency and the blockchain has eased into limelight, with the introduction of it's decentralization characteristic amongst many others.

Many industries have incorporated the blockchain to their processes, it is therefore no surprise that the gaming industry is joining this long list of other industries to maximize the potential of the blockchain and cryptocurrency.

Gaming and blockchain?

In 2013, the Xaya decided to question the status quo of the gaming industry, by launching the Huntercoin experiment. This experiment proved to be a successful one, by proving the gaming industry wrong that "gaming can only run on servers"

The Huntercoin ran independent of servers and recorded a success by having 35,000 simultaneously controlled characters.

Based on the conclusions deducted from the Huntercoin experiment is Xaya built.

What is Xaya?

Xaya is a gaming blockchain that brings about a decentralized, autonomous and flexible platform whereby different kinds of games can be built.

Xaya helps the growth of complex technology, housed in a decentralized mode of action which does not require servers.

This gaming blockchain provides a truly decentralized quality multiplayer called Decentralized Autonomous Universe (DAU).

The DAU helps to create a true and fair virtual item ownership with simple and safe trading.

It also shares a quick,cost effective game concept to the market for a wide range of new massive multiplayer games.

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Problem Solved By Xaya Team

The Xaya problem-solving is narrowed to two major aspects:
The developer
and
The gamers.

For the Developer, especially new and independent ones, developing and deploying a game in the market is really expensive, time consuming and difficult to gain access market.

However for Gamers, they are faced with the problem of not being able to translate virtual assets to value in reality.

There is no physical reward for gamers except for the fun they get in playing the game.

Why Xaya?

Xaya objective is to develop an accommodating platform for new developers by creating original realities of a world where exchange, trading and conversion of virtual assets to real-life assets are possible.

This is actualized by a firm adaptable trading system via smart contracts.

Possibilities in the game market.

The game market is extremely profitable; boasting of a market value estimated at $108.9 billion per annum based on a 2016-2020 forecast at about 6.2% CAGR (compound annual growth rate).

A new larger development within computer gaming is from the Asian countries and this has affected decisions sociologically and culturally.

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Proven Technologies.

Xaya is built upon the platform of various tested, proven and reliable technologies: Namecoin,Huntercoin,coloured coin and game channel.

As such Xaya is a custom-built blockchain based on Namecoin and the research of the Huntercoin experiment, modified specifically to ensure decentralization and democratisation of the gaming industry

Decentralized gaming

Decentralized gaming helps to tackle the problems for Gamers.

Most games run in a centralized environment, which ensure no security of gamers assets. It has become a recurrent issue for gamers to lose all their assets due to crash or total shutdown of game servers or negligence of third party.

However with Xaya, gaming is in a decentralized environment and does not run on servers rather it runs on nodes.

Xaya employs it's proven technologies, to secure players account and ensure highly valued data are given a decentralized name, which is created immediately into the blockchain.

This blockchain is protected by proof of work (PoW), which will bring about game accounts and tradable in-games items.

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Use Case.

George is a video game lover, and invests lots of time and resources to seeing that he derives maximum enjoyment from his gaming experience.

However in recent times, George has been subject to being cheated, owning to dishonest players who disrupt the proceeds of the game, by filling in for disputes when they are about to lose a game.

The dispute resolution causes him large transaction fees and in recent days George has been considering abandoning his passion.

However, he comes accross Xaya and he is informed of their Ephemeral timestamps, which aids in resolving disputes in a just and truly transparent manner.

George is happy and can now wnjoy his virtual games.

Meet the team

The Xaya team constitutes of original designers of blockchain gaming alongside experienced developers that are reliable enough to give solutions to problems, resolve difficult tasks especially in the blockchain technology.