Xaya- The Decentralized Gaming Blockchain

prextix (47)in #xaya • 6 years ago (edited)

INTRODUCTION

Xaya is a Blockchain where game developers are allowed to build their own blockchain-based games on a decentralized platform. Game developers are allowed to leverage the xaya technology to build decentralized games and produce their very own game currency that can be tradable for CHI or I there valuable assets.
Players compete and cooperate in a decentralized virtual relationship where skills and intelligence are user on harvesting resources. Xaya aims at empowering a large number of new developers who finds it more challenging in taking their games to the market.

What does it mean for a Xaya cryptocurrency to be decentralized?

It means state exchanges done by gamers, developers or supporters are transferred form one user to the other. It is a peer-to-peer exchange. Like as we know, the only way a project is succeeding is if and only if the project is growing massively, the value of the Xaya economy will increase as there are more e adoption of developers and gamers on the platform.

PROBLEMS AND SOLUTION PROFERRED IN ENHANCING THE MASSIVE GROWTH OF THE XAYA ECOSYSTEM

We all know in every project, there are series of problems encountered and solutions proffered in order to solve them, that’s why in the Xaya project, there are problems encountered both on the developers and gamers side:

Developers: The major challenge developers have is the time and cost in bringing the games developed from concept to the market. In Xaya, the cost and setup time are eliminated.
Due to major difficulty for blockchain scaling in the game world, The Xaya team has invested strongly in overcoming this limitations developing in:
• Trustless off-chain scaling for games also known as game channels.
• Ephemeral Timestamps.

Gamers: Like I said, more developers and gamers tends to increase the growing desire of the [Xaya] economy. The major challenge encountered by gamers is higher demand for complex and richer games.
Solution preferred to the problems encountered by gamers are :
• Provably fair game play
• Fraud proof trading
• Playing to earn
• 24/7 proof trading
The Xaya cryptocurrency will be based on a Blockchain secured by Proof-of-Work(PoW), players accounts, ownership of valuable items are stored directly on the Xaya blockchain making it trustless.
As the Blockchain as shown to be a proven technology, Namecoin being the 1st altcoin, experiences and intellectual property have been gained to implement the gaming accounts and gaming items ensuring that ownership are securely tracked on the Blockchain in a decentralized manner.

HOW ARE ITEMS TRADABLE ON THE XAYA PLATFORM?

Checking on the chart below, the trading of items is fully explained, transfer of both sold items and payment on CHI are done on a single transaction by both user and signatures are taken down in order to prevent fraud.

APPLICABILITY OF XAYA TO THE GAMING WORLD

In the Xaya blockchain, developers can create or build games which can be used in several cases like:
• Collectable card games: As assets are tradable on the Blockchain, so it can be stored. This collectable cards can be traded using atomic transaction to aid further use in playing games in theXaya platform.
• Real Time Strategy : In here, developers builds game sphere game channel are used for matchmaking that is making multiple players play the same game on the blockchain getting there several rewards.

CONCLUSION

The Xaya blockchain being fueled by CHI has offered products and services that creates an environment that allows the use of CHI. The more the developers and gamers in the Xaya ecosystem, the more the use of CHI in enacting it’s utility and value.
In the Xaya blockchain, participants or uses are in control of their private keys and all transactions are done peer-to-peer and also trustless.

Here's my video were I explained about Xaya