5 Ways Cryptocurrency is Disrupting Online Gaming

The digital age has seen the world evolve at a phenomenal rate and cryptocurrency is right at the forefront of that technological revolution.

There are still plenty of people out there who don’t fully understand cryptocurrency and, if you’re one of them, it might be worth checking out our guide on the subject for a better understanding.

Cryptocurrency has benefits and implications across a wide range of services and areas, one of which is online gaming. So, let’s take a look at five ways cryptocurrency is disrupting online gaming.

Incentives for Gamers

More often than not, online gamers have expensive pieces of kit which they use for their hobby, but they’re not being used all of the time. With the popularity of mining for bitcoin, that processing power is often harnessed in exchange for in-game incentives, such as skins or loot.

An article by Forbes outlines how gamers playing Overwatch have been able to take advantage of such strategies in order to enhance their own in-game experience.

Crypto Poker

Online poker has never been so popular, with players able to compete in tournaments from the comfort of their own home. One of the major issues that have plagued online casinos is the security of their transactions, something cryptocurrency is set to revolutionise.

Players will feel much safer and secure knowing they’re using a safe method to accumulate their winnings, making them more likely to get involved in tournaments. And this has often been a problem, as taking that first step is half the battle for players new to the game. partypoker’s guides on how to play the card game allow players to learn different variations of poker and then directs them to those online tournaments where they can use their knowledge.

Thanks to cryptocurrency, they’re now much safer and able to transfer money quicker than some traditional methods.

Better security for games

Microtransactions have been a part of online gaming for a while now, but they present their own risks and problems. The issue of loot boxes has been described by Tom’s Guide as a rising problem too, with the industry unsure of how to tackle the issue arising from these transactions.

Virtual goods ownership and trading have presented problems for game developers. In some games, rare or expensive items bought or won by players have been copied by fraudsters, stolen or even replicated. Slash Gear outline how this was one of the many problems plaguing Bethesda’s Fallout 76.

Blockchain can help to prevent the market for illegal virtual assets, as well as work to combat the hacking and stealing of keys. That’s achieved by creating a ledger of that item, with information such as who it belongs to, ensuring they cannot be duplicated.

Game Testing

GTCoin (Game Tester Coin) is a really exciting advance that’s going to bring game developers closer together to improve quality. It’s a unique cryptocurrency that can be earned by testing games, pretty much exactly what the name suggests. Users earn coin by playing beta versions of games in order to reveal different bugs.

It’s a mutually beneficial development that is set to change the way developers playtest games. They will find a widespread of gamers who offer different perspectives and playing styles to robustly check the latest releases. For the gamers, it’s a great method by which to not only earn cryptocurrency but also get their hands-on games before they come out, experiencing exciting content, long before the general public.

Behaviour

One reason many gamers shy away from the online gaming world is abuse, both whilst playing and through messages. Bad behaviour is prevalent with hackers taking advantage to rack up big wins and generally polluting the online gaming world.

Cryptocurrency can play a huge part in combatting that. Blockchain is an absolute ledger, which records all transactions, which also allows gamers to use their account across multiple platforms. That means an irrefutable record used across not just a game’s services, but also bringing in gamers’ interactions, player history, and their history of in-game purchases

These records can be made publicly available, which will ensure a player is tied to their actions. If they’re displaying bad behaviour, there’s no way to change their ID and simply move on; a player’s reputation is tied to the blockchain.

That means encouraging positive behaviour and cutting out the sort of interactions, which have spoiled online gaming for so many.

DISCLAIMER: Be aware that the activity of cryptoassets mentioned in this article is unregulated. This article must not be construed as investment advice. Always do your own research.

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