In the Blockchain Game, participants perform as virtual agents and miners on a virtual network for collectively storing academic grades in a school. Students submit coursework and later build the final block by computing a unique identifying code (a hash value) to secure the entire grade book. The blocks are added to this communal ledger, which is controlled and secured by the entire school network. If a block is removed from the ledger, the participant who removed it loses a portion of their score.
This simplified explanation of the workings of the Blockchain Game provides the general concept of how the system of works. The Blockchain can be described as a distributed ledger that stores data and information instead of conventional log files. This ledger is controlled by its users, with each participant having authority to update or delete the ledger data themselves according to a pre-established protocol.
This brief description of the Blockchain Game provides a good basis for understanding the core capabilities of the game. The primary focus of players in the game is to contribute to the overall ledger by validating and recording course work using their own private keys. Because of the way that the system of works is designed to allow multiple people to simultaneously control and manage their virtual portfolio and funds, the game has a number of complex and sophisticated mechanisms for handling and transferring wealth. As the game progresses, more real estate is added to the repertoire of assets owned by players. These real estate assets include apartment buildings, townhouses, condos, tax liens, businesses, vacant land, bank owned properties, franchises, intellectual property, art and patents.
The developers of the decentralized application platform for educators, students and other interested parties believe that there is tremendous potential for the Ethereum blockchain to transform the way we do a lot of things. The potential is especially great when it comes to applications that involve gaming, digital content sharing, financial services and online social networking. There are endless possibilities. The proof of this is how rapidly developers are working to create new versions of the decentralized application platform for a variety of these uses. In fact, developers are already well into development of new prototypes that will allow these uses as well as others to be fully utilized by gamers, teachers, students and anyone else who might want to participate. This is because the potential use of the platform for these types of uses is so vast that there is no reason why it cannot fulfill the needs of everyone.
Unlike the traditional Internet where people use one of its many intermediaries to conduct monetary transfers, using the protocol for decentralized blockchain games makes complete sense. It is true that traditional web browsers, chat programs and email systems do make transactions possible. However, the nature of Internet transaction protocol is such that it is often inefficient when used in distributed systems such as the backbone of the Internet. This efficiency issue is solved through the use of the Ethereum SuperNET which is a customized form of network programming interfaces that are optimized for making certain types of Internet transaction possible. When a player makes a transaction, it will not go through one intermediary after another but will go straight to the next player directly.
Another benefit of using the platform for decentralized action is that it can free up the authors of the smart contracts from the necessity of paying out gas fees to their intermediaries. With eToro’s planned integration of the Ethereum network into the backbone of the Internet, users will no longer need to pay for the transfer of their assets, as is the case currently. All transactions are made instantaneously and the protocol guarantees instant confirmation. As a result, there will be dramatically less downtime and less bugs associated with the system, making it far easier for eToro and other projects to become mainstream.
Using the e Hemp network for this reason will give the best chance for the best developers to make the most use of the system. With Vitalik’s announcement that he will be working with the makers of the Blockchain Game, this gives investors a direct route to the top players in the field. Investors don’t have to wait for the company to emerge on the scene or for it to find an executive to take the lead on marketing. They can invest right now, while the company is still only in the planning stages, by using the Stratis platform. With Vitalik and other investors involved, the future of the decentralized economy is bright and developers are taking steps to ensure that it will continue to grow.