Overviews Archives - Cet-Fau Game https://gamefaucet.com/category/overviews/ Blog about crypto games Tue, 27 Feb 2024 14:04:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.3 https://gamefaucet.com/wp-content/uploads/2023/08/cropped-ripple-6334565_640-32x32.png Overviews Archives - Cet-Fau Game https://gamefaucet.com/category/overviews/ 32 32 Crypto Lotteries and Jackpots: The New Wave of Digital Gambling https://gamefaucet.com/crypto-lotteries-and-jackpots-the-new-wave-of-digital-gambling/ Tue, 27 Feb 2024 14:04:55 +0000 https://gamefaucet.com/?p=145 Introduction to the New Era of Digital Gambling In the ever-evolving landscape of online gambling, the emergence of crypto lotteries …

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Introduction to the New Era of Digital Gambling


In the ever-evolving landscape of online gambling, the emergence of crypto lotteries and jackpots marks a significant turning point, heralding a new era that marries the thrill of chance with the cutting-edge technology of cryptocurrency. This innovative form of gambling leverages the decentralized nature of blockchain technology, offering players unprecedented levels of security, transparency, and fairness. Unlike traditional lotteries, where geographical and regulatory constraints often limit participation, crypto lotteries enable global access, allowing anyone with an internet connection and digital wallet to partake. The introduction of cryptocurrencies such as Bitcoin, Ethereum, and others into the gambling sector has not only revolutionized the way bets are placed and winnings distributed but has also introduced a level of anonymity and efficiency previously unseen. For instance, the Bitcoin lottery launched by major platforms like https://independentcasinos.net/casinos-not-on-gamstop/ witnessed a surge in participation, attributing its success to the anonymity and instant payout features that traditional lotteries simply cannot match. As crypto gambling continues to evolve, lotteries and jackpots will likely lead the charge in showcasing the vast potential of this burgeoning industry.

As we transition from conventional gambling practices to digital platforms, the role of cryptocurrency in reshaping the landscape cannot be understated. The shift is driven by a demand for more secure, private, and accessible gaming experiences, a response to the limitations and trust issues associated with traditional online casinos and lotteries. Real-world implementations of blockchain in gambling have demonstrated not just theoretical advantages but practical benefits, leading to an exponential growth in the number of crypto-based gaming platforms. For example, the rise in popularity of decentralized applications (dApps) for gambling, which operate on blockchain networks, has provided tangible proof of the sector’s potential for growth and innovation. These platforms offer a transparent record of transactions and outcomes, validated by the network, ensuring that the odds are never stacked against the player beyond the game’s natural risk. This shift signifies more than a technological advancement; it represents a pivotal moment in the democratization of gambling, making it more accessible, fair, and enjoyable for participants worldwide.

The Appeal of Crypto Lotteries and Jackpots

The allure of crypto lotteries and jackpots extends far beyond their novelty, with a significant surge in popularity underscoring the changing tides in gambling preferences. Statistics paint a compelling picture: platforms offering cryptocurrency-based gambling have seen a meteoric rise in user engagement, with some reporting over a 100% increase in participation within just a few months of launch. This starkly contrasts with the stagnant, or in some regions, declining engagement seen with traditional lotteries. The difference is even more pronounced when considering the younger demographic, which overwhelmingly favors digital and crypto-based options over conventional gambling avenues. A notable real-world example is the success of blockchain-powered lottery games during major sporting events, where platforms saw user numbers swell to unprecedented levels, reflecting a clear preference for the convenience and innovation offered by crypto gambling solutions.

The unique benefits of crypto lotteries are manifold, setting them apart from their traditional counterparts in several key ways. Enhanced security is a paramount advantage, with the blockchain’s immutable ledger offering an unassailable record of every transaction and lottery draw, thereby eliminating the risk of tampering and ensuring fairness. Anonymity is another critical factor, as participants can engage in gambling activities without the need to disclose sensitive personal information, a feature particularly appealing in jurisdictions with stringent gambling regulations. Moreover, the global access facilitated by cryptocurrencies means that anyone, anywhere, can partake in lotteries and jackpots without the limitations imposed by currency conversion or cross-border financial regulations. This democratization of gambling has not only expanded the market but also introduced a level of inclusivity that was previously unattainable. An illustrative example of this is the increasing number of lottery winners from regions with limited access to traditional banking services, showcasing the profound impact of crypto gambling’s global reach.

Distinctive Advantages of Crypto Lotteries and Jackpots

The allure of crypto lotteries and jackpots is significantly bolstered by their Enhanced Security features, a direct outcome of blockchain technology’s incorporation. Blockchain serves as the foundation for these platforms, creating an environment where every transaction and game outcome is immutably recorded on a distributed ledger. This system not only guarantees the integrity of each bet but also ensures complete transparency and fairness in game outcomes. For example, platforms utilizing blockchain have demonstrated a significant decrease in payout disputes and fairness issues. Through the implementation of smart contracts, particularly on platforms built on blockchain technologies like Ethereum, winnings are automatically and impartially distributed, mitigating the risks of human error and dishonest practices that can plague traditional gambling ecosystems.

Anonymity and Privacy in crypto gambling platforms starkly differentiate them from their traditional counterparts. Unlike conventional gambling systems, which often require detailed personal and financial information, crypto lotteries necessitate nothing more than a digital wallet address for participation. This level of anonymity has been especially prized in regions with stringent anti-gambling laws or societal taboos around gambling, allowing individuals to engage without concern for legal or social repercussions. The rise in participation from such regions during international crypto lottery events underscores the value of this anonymity, presenting a stark example of how privacy in gambling can empower and include a broader audience.

Global Accessibility provided by crypto lotteries dismantles the traditional barriers of geography and finance that limit access to lottery participation. Participants require merely an internet connection and a digital wallet, enabling involvement from anywhere in the world, regardless of local currency or banking systems. This global inclusivity not only widens the pool of participants but also contributes to larger jackpots and more frequent draws.

Enhanced Security Highlights:

  1. Immutable transaction records on blockchain
  2. Automated payouts via smart contracts, reducing human error
  3. The use of blockchain ensures that every participant can verify the fairness of the lottery draw themselves. This transparency builds a level of trust that traditional lotteries struggle to match.
  4. Smart contracts not only facilitate trustless transactions but also significantly lower the operational costs of running lotteries, making them more efficient and scalable.

Anonymity and Privacy Benefits:

  1. No need for personal information, just a digital wallet
  2. Enables participation from regions with restrictive gambling laws
  3. This anonymity also protects participants from potential cyber threats, safeguarding their identities and financial information. The privacy inherent in crypto transactions means personal betting habits remain confidential, offering peace of mind to users.

Global Accessibility Features:

  1. Open to anyone with internet access and a digital wallet
  2. Not restricted by local currencies or banking regulations
  3. This accessibility has led to the emergence of a truly global betting community, fostering interactions and competitions that span continents. It democratizes the opportunity to win big, regardless of a participant’s economic or geographic status.

The transformative impact of these features is evident in stories from across the globe, where individuals from less accessible or economically disadvantaged areas have found life-changing opportunities through participation in crypto lotteries. The democratizing effect of crypto lotteries, underpinned by blockchain’s decentralized, secure, and anonymous nature, heralds a new phase in the evolution of digital gambling, making it a truly global and inclusive phenomenon.

Challenges and Regulatory Landscape

Despite the burgeoning popularity and undeniable benefits of crypto lotteries and jackpots, they face a complex web of regulatory challenges and technological barriers that can impede their growth and acceptance. The regulatory landscape for crypto gambling remains a patchwork of jurisdictions, with some countries embracing the technology while others impose strict bans or stringent regulations. For instance, the United States’ approach to crypto gambling varies significantly from state to state, creating a challenging environment for operators who wish to comply with the law while serving a wide audience. Similarly, countries like the Netherlands have begun to implement licensing systems that require crypto gambling platforms to adhere to specific operational standards, aiming to protect consumers and ensure fair play. These regulatory inconsistencies not only complicate the operation of crypto lotteries but also pose challenges for users who must navigate the legalities of participating in such games.

On the technological front, while blockchain presents numerous advantages, it also introduces barriers to entry for users unfamiliar with cryptocurrencies. The necessity of owning a digital wallet and understanding blockchain transactions can deter those accustomed to the simplicity of traditional online gambling. Moreover, the volatile nature of cryptocurrencies adds an extra layer of risk, potentially affecting the perceived value of winnings. Ethical considerations also emerge, particularly concerning the potential for crypto lotteries to exacerbate gambling addiction, with the anonymity and ease of access making it harder for individuals to manage their gambling behaviors. Despite these challenges, real-life initiatives by platforms to integrate responsible gambling measures and to educate users on the technology show a proactive approach to mitigating these concerns, indicating a pathway toward more widespread acceptance and understanding of crypto lotteries.

These hurdles underscore the need for a balanced approach that respects the innovative potential of crypto lotteries while addressing the legitimate concerns surrounding their operation and impact. As the industry continues to evolve, the development of clear regulatory frameworks and the adoption of user-friendly technologies will be crucial in overcoming these obstacles and fulfilling the promise of a fair, secure, and inclusive gambling experience for all.

Last Words: Summing Up and Looking Ahead

In conclusion, the integration of casino elements into video games has proven to be more than a mere novelty; it’s a dynamic addition that enriches narratives, deepens player engagement, and adds a unique layer to game mechanics. From the narrative-rich environments of “Fallout: New Vegas” to the intriguing casino mini-games in “Final Fantasy VII,” these elements serve to enhance the overall gaming experience, offering a blend of excitement, strategy, and storytelling. However, this integration is not without its ethical challenges, as seen in the debates surrounding loot boxes in games like “CS:GO.” The key takeaway is the balance game developers must strike between adding engaging content and ensuring responsible gaming practices.

As we look to the future, the potential for casino elements in video games is vast, especially with advancements in technology such as VR and AR, which could offer even more immersive and interactive gambling experiences. The critical factor will be how these elements are integrated, ensuring they complement rather than overpower the core gaming experience. As seen with the evolving legal landscape around in-game gambling, it’s clear that this is a dynamic field, one that will continue to evolve and provoke discussion within the gaming community. The future holds great potential for innovative, ethically responsible, and engaging gaming experiences that skilfully blend the thrill of gambling with the art of video gaming.

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From Bitcoin to Altcoins: Cryptocurrency Options in Online Casinos https://gamefaucet.com/from-bitcoin-to-altcoins-cryptocurrency-options-in-online-casinos/ Tue, 27 Feb 2024 14:04:14 +0000 https://gamefaucet.com/?p=142 Cryptocurrencies have exploded in popularity over the last decade. What started with Bitcoin in 2009 has now grown into a …

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Cryptocurrencies have exploded in popularity over the last decade. What started with Bitcoin in 2009 has now grown into a market with over 10,000 different cryptocurrencies in existence today. As crypto has grown, online gambling sites have started to adopt cryptocurrency payments as well. Some estimates suggest over 2,000 online casinos and sportsbooks now accept Bitcoin payments, with more being added regularly.

While Bitcoin still enjoys first mover dominance, making up nearly half the total cryptocurrency market capitalization, a vibrant ecosystem of alternative “altcoins” has emerged trying to improve upon some of Bitcoin’s limitations or target more specific use cases. For the online gambler looking to use crypto to deposit, play, and withdraw – they now face an expanding menu of cryptocurrency options, each with their own technological strengths and tradeoffs with regards to features like transaction speed, fees, privacy, and more. This article will provide an overview of Bitcoin before exploring some of the most popular altcoin alternatives and directly comparing their utility in the context of online gambling.

Bitcoin

As the original and still most well-known cryptocurrency, Bitcoin enjoys some key advantages for using at online casinos and sportsbooks:

  1. Brand name recognition and market lead – Roughly $400 billion market capitalization as of February 2023, about half of the total crypto market
  2. Relative stability – Less volatility than smaller altcoins, trading range between $17k to $69k per Bitcoin over the past year

However, Bitcoin also comes with some disadvantages, particularly related to speed, fees, and privacy:

  1. Slower transaction times
    1. Average transaction confirmation takes 10+ minutes
    2. Can reach hours during times of heavy network usage
  2. Higher and variable transaction fees
    1. Recent averages around $1.50 per transaction
    2. Fees during congestion have spiked over $50 before
  3. Limited privacy features
    1. Pseudonymous system but addresses and amounts traceable on public ledger
    2. Vulnerable to blockchain tracking analytics
ProsCons
Strong brand name recognitionRelatively slow transaction confirmations
Greater stability versus smaller altcoinsTransaction fees higher than other cryptos
Large market leadLess transaction privacy compared to alternatives

While no cryptocurrency is immune from price volatility, Bitcoin’s market-leading position also means significant visibility and speculation that has enhanced boom and bust cycles relative to alternatives. After nearing $70k in late 2021, prices fell below $17k by end of 2022.

Ethereum

As the second largest cryptocurrency platform after Bitcoin, Ethereum and its native token Ether (ETH) enable decentralized applications and smart contracts that provide additional functionality for online betting versus simple payments. The Ethereum network sees vastly more daily transactions and activity than Bitcoin – over 1.5 million transactions per day versus Bitcoin’s 300,000.

For gambling uses, Ethereum’s network facilitates faster payments and settlement than Bitcoin with average confirmation times around 6 minutes currently and options for near instant transactions. Ethereum also allows online casinos to program complex smart contract lotteries, wagers, and outcomes all settled automatically on-chain. However, Ethereum’s greater capabilities come at a cost for users. The average Ethereum transaction fee is currently around $2.50, several times higher than average Bitcoin fees. Ethereum also requires some technical understanding to leverage smart contracts, decentralized apps, and manage ERC-20 tokens. This makes it less accessible for casual betting and gambling uses versus simpler payment-focused cryptocurrencies.

Ethereum Pros

  1. Faster transaction confirmations (~6 mins). Allows for live, in-play betting opportunities that Bitcoin cannot.
  2. Smart contracts enable innovative betting/gambling mechanisms. Casinos can program fully automated, tamper-proof games and outcomes.

Ethereum Cons

  1. Significantly higher average transaction fees (~$2.50). Deposits and cashouts incur >10X typical Bitcoin cost.
  2. More complexity less intuitive for simple payments. Not as easy as using crypto purely for transactional purposes.

Litecoin

Litecoin (LTC) was one of the earliest Bitcoin alternatives, created in 2011 with an aim to build a lighter and faster payments-focused cryptocurrency network. By having faster block generation times (every 2.5 minutes versus 10 minutes) and using a different proof-of-work mining algorithm than Bitcoin, Litecoin is able to offer significantly faster transaction confirmation times, usually less than 3 minutes on average currently. This ability for quick and inexpensive payments and transfers has led to growing adoption of Litecoin among many online merchants and gambling sites. Estimates suggest Litecoin acceptance has grown over 20X from 2020 to 2023 with more than 2,000 online merchants and stores accepting LTC directly.

However, Litecoin suffers from far lower brand recognition and awareness than Bitcoin or Ethereum. Despite being over a decade old itself, Litecoin sometimes still carries perceptions as a “cheap copy” of Bitcoin among less informed cryptocurrency newcomers. While capable for facilitating low cost gambling transactions, Litecoin rarely sees discussion or significant price movement from mainstream financial news coverage like larger cryptos, limiting speculative interest. As of early 2023, Litecoin maintains a market capitalization around $5 billion – compared to Bitcoin and Ethereum’s combined $500 billion dominance.

Litecoin Pros:

  1. Fast payments – confirmation times <3 mins
  2. Low average transaction fees ($0.05 currently)

Litecoin Cons:

  1. Much lower level of merchant adoption than Bitcoin
  2. Lacks brand awareness of leading cryptocurrencies

Altcoin Comparison

While Bitcoin has first mover dominance and Ethereum brings advanced functionality, a variety of other alternative cryptocurrencies excel in areas like privacy, speed, low fees, or wider adoption that may appeal to different gamblers.

  1. Bitcoin Cash – Forks off the original Bitcoin codebase but allows much larger blocks and faster transactions for a few cents fee along with strong adoption. Over 10 online gambling sites specifically accept Bitcoin Cash deposits.
  2. Ripple (XRP) – Built for fast global bank transactions so excels for speed with average confirmations in 3-5 seconds and negligible fees. Drawbacks are heavy company control rather than true decentralization.
  3. Monero (XMR) – Prioritizes complete user privacy and anonymity with obfuscated addresses and amounts. No ability to view sender, receiver or transaction details unlike transparent blockchains. Use requires some technical know-how.
  4. Stellar Lumen (XLM) – Focuses as an open network for storing/trading assets. Effective for cheap transactions costing a small fraction of a penny but more limited casino adoption presently.
  5. Dogecoin (DOGE) – Derived as a joke but now has strong brand recognition and community. Volatile asset but low fees make it viable for transacting.
  6. Cardano (ADA) – Developing advanced smart contract capabilities but remains in earlier stages. Gambling dApps are starting to build on the network.

Each alternative coin makes specific design tradeoffs around speed, fees, transparency, governance, and other factors that impact their utility. No option is ideal across all areas so analyzing their strengths and weaknesses matters.

Finding the Best Cryptocurrency Fit

With so many crypto options now available, those looking to use cryptocurrency for online gambling should weigh several key factors when deciding on the optimal coin selection based on their needs and priorities:

Transaction Fees

Depending on betting amounts and volume, the fees levied on blockchain payments may play a significant role in profitability over time. Seeking out cryptos with average fees of just pennies or even less per transaction helps reduce costs.

CryptocurrencyAverage Fee
Litecoin$0.05
XRP$0.0001
Stellar (XLM)$0.00001
Ethereum$2.50
Bitcoin$1.50

Confirmation Speed

For time-sensitive betting lines or fast-paced casino games, the wait time for transactions to confirm on the blockchain matters greatly. Choosing faster cryptos means minutes instead of hours waiting on that big payout.

CryptocurrencyAverage Confirmation Time
XRP3-5 seconds
Bitcoin Cash10 minutes
Monero~ 2 minutes
Bitcoin10+ minutes

Privacy Level

Some gamblers including pros may prioritize anonymity and concealment for their activity/transactions from transparency on public block explorers.Analyzing fee costs, desired speed, and privacy against both cryptocurrency capabilities and personal preferences allows gamblers to determine the optimal digital asset.

CryptocurrencyPrivacy Level
MoneroHigh
ZcashHigh
DashMedium
BitcoinLow
EthereumLow
LitecoinLow

Closing Remarks

In the few short years since cryptocurrencies emerged on the scene, they have rapidly gained adoption and integration across the online gambling industry. As acceptance continues growing, crypto users now enjoy a buffet of digital currency options to use at casinos and sportsbooks – each with unique strengths, weaknesses, and specialization. No longer just a story of Bitcoin domination, the average player can now wield privacy-centric Monero, speedy Ripple, stable Litecoin or smart contract powered Ethereum among nearly a dozen other popular altcoin assets. Their variety translates to more power of choice.

Yet the space remains early. As blockchain platforms evolve in speed, scalability, functionality and more through coming upgrades, the cryptocurrency landscape enabling online betting shapes up for further expansion. The next waves of innovation may come from wider mobile integration to enhance accessibility or sidechains that help connect layer-2 protocols with base blockchains for greater interoperability. And further adoption continues as more jurisdictions provide regulatory clarity too. As online gambling itself grows, the seamless use of cryptocurrency payments stands positioned right alongside for the ride.

Key Takeaways

  1. Numerous cryptocurrency options now with unique advantages
  2. Matching coin features to personal gambling priorities
  3. Ongoing innovations to enhance speed, scalability, privacy

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Civitas – a detailed breakdown of a promising blockchain strategy https://gamefaucet.com/civitas/ Mon, 20 Mar 2023 08:00:00 +0000 https://gamefaucet.com/?p=53 Over 2022, the crypto games industry has seen the emergence of many major projects aimed at creating not a mindless clicker or a farm with money-making mechanics, but a full-scale AAA game.

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Over 2022, the crypto games industry has seen the emergence of many major projects aimed at creating not a mindless clicker or a farm with money-making mechanics, but a full-scale AAA game. The company Directive Games is developing a unique city-building NFT strategy, which will first of all attract players with interesting and exciting gameplay, and then with Play To Earn component.

About Civitas

Civitas is a community-driven economic Play To Earn strategy game. It is the first blockchain game in the 4X City Building genre. The 4X City Building genre is based on four mechanics: exploration, application, expansion and destruction. Users will develop and manage cities and lands. Interaction with other players through conflicts and alliances will bring a social component to the game. Players will be able to own lands, extract resources, farm, create banking systems and markets.

The main feature of Civitas is the subDAO system, which will allow players to make important government decisions by voting using CITI tokens. For example, to approve laws or influence the economy. Thousands of players will have to cooperate with each other in the world of Civitas to create and control a large state.

The game will also integrate augmented reality mechanics. Users will be able to immerse themselves in the world of Civitas through an AR portal on AR-enabled mobile devices. The portal will feature a variety of mini-games and other fun activities to earn CITI tokens. This model makes Civitas one of the first blockchain games with IRL elements.

What is DAO and subDAO

A DAO is a decentralized autonomous organization, it is the main governance model in the Civitas ecosystem. Users of the project can use the CITI token to participate in votes that determine important changes or innovations in the game.

Within cities, a subDAO system is used to allow residents to participate in important city votes and influence city development using CITI.

Cities and Towers

Each city in the NFT game Civitas is a separate subDAO made up of citizens. All cities function as states with independent government and politics. They are located on the real world map, but have no connection other than names.

Cities are formed on the principle of a hexagonal pyramid with a central tower. The leaders of the cities own large NFT slabs with small ones inside. The small slabs can be purchased by new residents entering the city.

The other type of large slabs are for corporate sponsors. Construction is also available on corporate slabs, and they also contain small slabs that can be purchased by residents. Unlike standard slabs, however, they allow owners to create unique NFTs not available elsewhere.

Towers

At the center of each town is a tower. The tower has a unique appearance for each state. Visually, it is the center point of the city, as all construction begins from it. In practice, the tower serves as the headquarters of the government and as a gathering place for residents to vote and discuss public issues.

The tower is also used to distribute rewards, organize citizens’ tasks, and store the city treasury. Each tower must be activated and a 5-member city council appointed to keep the citizens informed and represent the city’s interests in negotiations with other nations.

Residents and lands

A civic land is a type of NFT land set aside by a city for those wishing to settle there and subsequently become citizens. Such land is located within large plats. To acquire the land, one will have to bid or buy it for a fixed price. But to gain citizenship, they will have to be active in city life and city events.

Civitas civic lands are unique in location and resources. As a result, land prices vary greatly. Some lands may have rivers, lakes, mountains, and other natural factors. These factors affect the types of resources that can be mined and determine the number and type of buildings that can be placed on the land.

Players who purchase a resident slab receive a unique NFT that confirms citizenship and land ownership, as well as an exclusive town form.

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Immutable X protocol overview https://gamefaucet.com/immutable-x-protocol-overview/ Tue, 11 Oct 2022 07:58:00 +0000 https://gamefaucet.com/?p=50 Since the first NFT was released in 2014, non-mutualizable digital assets have started to gradually gain popularity among artists, crypto investors, celebrities, and other blockchain market users.

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Since the first NFT was released in 2014, non-mutualizable digital assets have started to gradually gain popularity among artists, crypto investors, celebrities, and other blockchain market users.

In 8 years, NFT technology has gained incredible popularity around the world, which has led to many challenges. One of the main problems is the scaling of blockchains and the high cost of transactions. This especially affected the Ethereum network, which is currently considered the most iconic and popular in the NFT industry. The Layer2 model came to the rescue of users, which solved the scaling problem and was also able to provide instantaneous transaction speeds.

What is Immutable X?

Immutable X is a Layer2 scaling solution created for NFT projects on Ethereum. The main functionality and benefits are available on the platform, convenient and fast launch of projects, as well as transaction speed and zero fees.

Immutable X helps solve many problems, the main one being the cost of Ethereum blockchain commissions. Layer 2 technology is essentially an additional protocol based on top of the blockchain. It increases blockchain throughput without compromising security or decentralization.

The platform also has its own ERC-20 token, IMX. Its purpose is to improve the NFT verification process, which is very useful for both developers and NFT creators.

How does Immutable X work?

The protocol ecosystem contains many different cryptocurrency technologies, the main one being the accumulation bundle, which is a standard layer 2 protocol. It is used to verify transactions on the Ethereum network. This technology eliminates the need to add all transaction data directly to the blockchain.

Instead, it combines many individual transactions into a single zero-disclosure confirmation called ZK-STARK. The ZK-STARK validation method confirms that the information in the blockchain is available without revealing the content. This means that the confirmation of transactions is done with enhanced security.

After the transactions are bundled together, the confirmation is sent to the blockchain and further verified by the smart contract. The smart contract already keeps track of all the transaction details stored in the second layer of the blockchain.

Because of this arrangement of the technology, fewer resources are required for both storage and computation to verify the entire transaction block. Immutable X can verify more than 9,000 transactions per second, which can significantly reduce gas fees.

In addition, all NFTs traded or created through Immutable X are 100% green. The data compression required for the creation process consumes significantly less energy.

Immutable X now supports all non-custodial EVM format wallets. Users can easily trade NFTs without having to transfer their assets via cross-bridges.

ZK-Rollup mechanism

Immutable X is one of the first protocols to utilize ZK-Rollup technology while focusing only on NFT projects. The platform combines a checkout model with exchanges specifically for NFT. The accumulation packages provide users with a user-friendly and highly scalable experience while maintaining high security. With ZK-Rollup technology, thousands of transactions can be aggregated for fast verification.

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Immortal Game – a review of the first chess on blockchain https://gamefaucet.com/immortal-game/ Thu, 07 Jul 2022 07:52:00 +0000 https://gamefaucet.com/?p=44 During the development of civilization different nations interpreted the game in their own way, until in the 16th century they came to one well-known version of the rules.

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We are sure that the game of chess needs no introduction for anyone. According to historical data, the first chess was invented more than 1500 years ago. During the development of civilization different nations interpreted the game in their own way, until in the 16th century they came to one well-known version of the rules. According to statistics, more than 70% of the world’s population has played chess at least once, and about 605 million people actively play it on a regular basis. Of course, with the development of the Web3 industry and crypto-gaming, sooner or later we had to see the legendary game on the blockchain. We didn’t have to wait long. Meet the review of the first crypto chess – Immortal Game Chess.

About Immortal Game

Immortal Game is the first ever chess game with Play To Earn mechanics. The project is built on the Ethereum network and uses the Immutable X protocol to minimize the cost of blockchain commissions for players. The main goal of the project is to provide chess players with a diverse experience of their favorite game combined with earnings and to attract a whole new audience of crypto gamers, GameFi investors and Play To Earn fans to the game.

The main advantage of Immortal Game is its compatibility with any device and free access. In addition, a unique feature of the project is the introduction of new modes that help to entertain players, form previously unseen strategies and increase the potential income. Although the game and earning opportunities do not require investment, the main benefits and features of the project are designed for NFT owners

How to earn in Immortal Game?

The main mechanics of earning in the game are based on participation in tournaments. At the moment the team holds three types of tournaments every week, two of which do not require any investment from the player. The prize pool of tournaments contains CMT, ETH and NFT Immortal tokens. The higher the player’s position in the tournament ranking table, the higher his rewards.

In the future, the developers plan to implement even more earning opportunities. For example, organize daily challenges, recruit teachers to the academy for newcomers and so on.

Although access to the main tournament with huge ETH rewards requires owning NFT Immortal, players can easily participate in free tournaments for CMT token rewards and even win the coveted NFT. Plus, a player can join a guild and participate in the main tournament under its sponsorship.

Immortal Chess NFT pieces

Immortal Chess are stylish NFT chess pieces that open up access to a whole new game variant. In this variant, players can strategically place up to 4 pieces on the chess board as desired before the match begins. Additionally, NFT Immortal owners have access to a variety of quests, the completion of which earns Immortal Points (IP) that affect the player’s position in the game’s main tournament ranking table.

All NFT Immortals have different aesthetic appearance elements and rarity. There are currently 7 elements and 4 types of rarity. While elements only affect appearance, rarity affects the number of IP points you get for completing quests. The higher the rarity of an NFT, the more expensive its cost. All Immortal NFTs are available for purchase on the project’s marketplace or the Immutable X platform.

NFT Immortal Chess rarity types

The rarity rate affects the rewards you receive for completing quests and the number of points you get for winning matches. Below are the rarity types and reward ratios.

  • Rough: 1
  • Polished: 2
  • Piece Of Art: 4
  • Masterpiece: 8

For example, if the quest reward is 90 IP for Rough rarity, it will be 180 IP for the owner of NFT Polished rarity and so on.

It is worth adding that there is a way to get NFT Immortal without investing. With proper persistence, a player can occupy a high position in the weekly free tournaments and get the coveted NFT as a reward. This opportunity is available to everyone, so the battles for leadership in free tournaments are going on around the clock.

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WinGoal – a review of a football manager on the blockchain https://gamefaucet.com/wingoal/ Fri, 19 Nov 2021 07:55:00 +0000 https://gamefaucet.com/?p=47 WinGoal is the second game in the MetaLand meta universe. The developers and partners are such well-known companies in the cryptocurrency world as Kucoin, Gate.io, Polygon and other large companies.

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WinGoal is the second game in the MetaLand meta universe. The developers and partners are such well-known companies in the cryptocurrency world as Kucoin, Gate.io, Polygon and other large companies.

The game was launched on the day of the start of the FIFA World Cup in Qatar and is very closely tied to it. The main point of the Wingoal game is to recruit a team of 11 soccer players, pump them up, participate in various tournaments, defeat AI opponents and other real players. Matches are played in automatic mode, i.e. you can watch the game, but you can influence the outcome only by pre-match preparation (formation, training, injury treatment, food for players, etc.).

The game is available on Android and iOS mobile devices, works through an emulator on desktop computers. Only the NFT Marketplace is available through the browser.

Next let’s take a closer look at the game modes in Win Goal, team recruitment options, ways to pump up the team, as well as the economic component.

At the start of the game you are given 10 free cards and one NFT, which do not bring income and one green card (if you enter the code during registration: 38MSF6), which brings profit from the first day. Go to the Match tab, choose one of the modes: League, Tournament, Cup, Rank. All of these modes bring income to Wingoal in one way or another and become more difficult as you progress through them.

Team recruitment and methods of pumping

When a team reaches its ceiling in the game, it needs to be strengthened. First, you can buy paid NFTs that will generate real income in WT and SWT tokens. This is done in the card set or marketplace tab. Second, when NFT cards are bought, you can train them in the Gym (analogous to reinvesting them into the game). In the Nutrition Center, we buy food for players, temporarily increasing their parameters.

In the menu with a blue heart we perform real physical exercises (walking, running, jumping rope). These exercises are profitable and give up to +6% to the players’ strength.

Each player card in Wingoal has a real prototype. The better he plays in his real match, the more boost the card gets.

Also during the World Cup we vote for the team that will win today and get up to +5% to the strength of the team.

Daily tasks

Complete daily tasks in “Path of Legends” and “Quest” modes and get rewards. See your daily earnings in the Earnings Summary.

Tokenomics
The Win Goal game economy is built on two main tokens WT and SWT, which are traded on the Polygon network on the Quickswap exchange. These are used to purchase packs of soccer players. From the market, the cards are sold for USDC on the Polygon network.

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