Over the previous two decades, gaming has positively advanced in a myriad of ways. Gaming, in its many forms, has developed to the point where it’s challenging to differentiate between the immersive in-game graphics and the outside world. However, just when we assumed gaming had peaked, the recent cryptocurrency boom added a new dimension—crypto gaming.
If you were wondering how regular gaming differs from its crypto counterpart, in this article, we will thoroughly explore the unique characteristics of both regular and crypto gaming.
The Differences In Monetization And Ownership
The introduction of cryptocurrency gaming over the previous five years means players are exposed to a new set of rules regarding ownership of in-game assets. We can now use an accepted cryptocurrency to buy, trade, and own any in-game item or asset that can be transformed into real money.
This modern form of in-game ownership and monetization now extends to other forms of gaming such as online casinos, cryptocurrency casinos, and anonymous crypto platforms. Modern, anonymous online gaming experiences now feature among the best crypto sites around.Â
At the same time, these platforms allow you to instantly withdraw your money, creating a new form of payment model. Furthermore, experts predict that as crypto gambling and gaming become increasingly popular, anyone can withdraw or utilize their in-game currency or crypto earnings to generate real money. This enables players to create an additional layer of financial opportunity within the global gaming ecosystem, which was previously impossible.
In contrast, the form of ownership and the manner of monetization is an area where crypto gaming starkly differs from regular gaming. Traditionally, people playing regular games had to spend real money on various forms of in-game tokens or items, which can not be traded or sold outside the game.
The Implementation of Blockchain Technology
Among the most prominent features of crypto gaming is the utilization and implementation of advanced blockchain technology. Previously, regular gamers relied on largely centralized servers and databases. While this practice has proven reliable, crypto gaming has disrupted the entire gaming ecosystem as it effectively uses decentralized networks, made possible by the latest blockchain technology.
Decentralized servers and networks linked with crypto gaming run on blockchain technology, and have been credited with a dramatic improvement in gaming’s overall transparency and security. More security and transparency will likely further increase global gaming adoption rates. It’s important to note that current blockchain technology also enables the utilization and creation of non-fungible tokens, or digital assets, which players can own, trade, profit from, or sell—making them an actual asset.
The Use Of Digital Currencies
Since the inception of in-game purchases of digital assets and items, using fiat currencies such as Euros or Dollars was the only way for the transaction to occur successfully. The downside to traditional gaming transactions is that any in-game digital asset purchased with real or fiat money has no real value outside the game.Â
Conversely, utilizing mainstream cryptocurrencies such as Ethereum and Bitcoin will enable you to anonymously deposit money and instantly withdraw cash while guaranteeing the highest digital personal safety and security possible. Additionally, crypto-based in-game assets may retain and increase their fiat currency value. Moreover, transaction fees and delays are removed, allowing anyone globally to seamlessly interact, transact, and game with each other.
Fairness And Transparency
Fairness and transparency have remained critical cornerstones throughout the enormously popular international gaming industry. Crypto gaming has taken this to new heights. With systems built on blockchain technology, the transactions that govern crypto gaming payments can be viewed or verified by anyone, and are virtually immutable.
It is well known that regular gamers are exposed to the security systems and trust of the game’s original developers. While most mainstream gaming companies take fairness, transparency, and security seriously, most gaming experts agree that these outdated processes have consistently resulted in unfair practices, the manipulation of consequential in-game odds, and opaque algorithms exclusively benefitting the gaming developers.
Nonetheless, new forms of crypto gaming integration into the most highly demanded games are powered by advanced and secure blockchain technology, ensuring they are entirely immutable, transparent, and fair. Importantly, crypto gaming technology and blockchain-based smart contracts will extend to the crypto gambling industry soon too, where security, anonymity, fairness, and transparency remain the most critical factors for players and owners alike.Â
Conclusion
Similar to the recent boom of cryptocurrencies internationally, crypto gaming offers a striking evolution to a stagnated gaming ecosystem and industry. Yet, before removing regular forms of gaming from your life, it is vital to understand that the gaming experience of traditional gaming and crypto gaming is different.
Crypto games often involve a learning curve as players need to understand how to use digital wallets, manage private keys, and navigate decentralized platforms. While this currently can be seen as a barrier to entry for some players, over the long term, crypto gaming will undoubtedly offer significantly improved engagement and immersive experiences for anyone willing to take a plunge into the future.
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