Leveling Up the Gaming Industry with Blockchain

Luis Diego Rojas

Luis Diego Rojas

Content Strategist

Leveling Up the Gaming Industry with Blockchain

Intro to the Gaming Industry

Do you remember what was the first video game you played in your life? Was it Space Invaders, Super Mario Bros. on a NES, or The Sims? Either way, most likely you’ve played video games more than once, be it on a console, PC, or a mobile phone between meetings or while queueing at the bank. Video games have kept us busy during leisure times and, most importantly, they’ve become part of our lives.

According to Business Insider, “video games are more than just a booming entertainment business — they're reshaping the way we interact with the world.” Experts forecast that by 2022, the gaming industry will produce $196 billion in revenue. Currently, there are 2.5 billion gamers in the world, which suggests that 1 in 3 people play video games, and it might reach 3.5 million by 2024–more than half of the total population.

One of the cornerstones of the gaming industry is how revolutionary it has become, welcoming the most advanced technologies and innovations that include virtual reality (VR), augmented reality (AR), artificial intelligence (AI), and now, blockchain.

A Rating System for EOS

Luis Diego Rojas

Luis Diego Rojas

Content Strategist

Why Get Involved in Open Source

What is the EOS Mainnet?

If you belong to the EOSIO community – or have read something about the EOSIO blockchain – you might have heard of the EOS Mainnet. The EOS Mainnet is the main network of the EOSIO blockchain’s platform where transactions take place. Also, if you’re reading this, it’s highly probable that you know the terminology of blockchain. Otherwise, check this article out in the first place!

Further, the EOSIO protocol uses a consensus mechanism known as “Delegated Proof-of-Stake” (DPoS), developed by Daniel Larimer. DPoS in EOSIO uses an election process where EOS token holders vote for the Block Producers (BPs) they think are the most qualified to be the custodians of the network. The EOS Mainnet runs with the twenty-one BPs that obtain the most votes.

So, the DPoS mechanism requires these twenty-one elected nodes to produce the blocks, and, in exchange, they can receive rewards. One of the underlying opportunities of EOSIO by using DPoS is the ability to scale. Hence, DPoS allows Block Producers to reach consensus faster than traditional PoW (Proof-of-Work) or PoS (Proof-of-Stake) mechanisms. For instance, this enables EOS nodes to validate up to 4,000 transactions per second, in comparison to Ethereum that can reach 15.

What Is Blockchain? A Quick Guide

Luis Diego Rojas

Luis Diego Rojas

Content Strategist

What Is Blockchain

What is Blockchain?

Blockchain technology is becoming a game-changer for many industries, in part, for its security and transparency features. But first… what is blockchain? 

A blockchain is a registry of data that acts as a decentralized ledger shared among various computers or “nodes” to reliably and securely record transactions. So, the information of the transactions will register into a blockchain as “blocks” of data. Then, these blocks will connect chronologically, forming some kind of “chain.” 

The security and trustworthiness of this technology lean mostly on its decentralization attributes. Each one of the nodes in a network contains a copy of this ledger. The nodes must verify and validate each transaction before it appends to the chain. 

Also, a user can’t erase or alter any record in a blockchain. In other words, a blockchain will only grow in size. So, to amend a record, a new transaction must be validated and added to the chain.

Each block must include the following information:

  • Information about the transactions. For example, date, time, and an amount.
  • Information about who is participating in the transaction. For instance, users or digital identities. 
  • Distinctive information about the block, known as “hash,” which cannot be altered. A “hash” is a code created by a mathematical function that transforms data with variable lengths into a line of code with a specific length. 

(TL;DR at the end of the article).

Blockchain in Logistics - Transforming an Industry

Luis Diego Rojas

Luis Diego Rojas

Content Strategist

Blockchain in Logistics

Understanding Blockchain in Logistics

Blockchain in logistics: Right now, blockchain is changing the rules of the game for logistics and supply chain. By its nature, companies that produce or sell goods must manage large networks of individuals and organizations to supply their operations and run logistics processes. Blockchain – a technology part of industry 4.0 – may transform these daily activities. So, before going more in-depth on how to deploy blockchain in logistics, let’s take a look at this industry.

Logistics is the management of the flow of material things such as inventory or finished goods from one point to another. It involves a very complex operation that requires multiple people and entities to play a part in its handling, production, packaging, transportation, tax management, warehousing, insurance, security, and delivery to customers. 

Overall, the complexity of logistics represents a very fertile ground of opportunities for blockchain. Blockchain is a technology with a list of capabilities that could solve many issues along the process. These include traceability and automatization of transactions. But, what exactly is blockchain?

(TL;DR at the end of the article).

Why Get Involved in an Open-Source Project?

Luis Diego Rojas

Luis Diego Rojas

Content Strategist

Why Get Involved in Open Source

What Is An Open-Source Project?

Participating in an open-source project may bring you several perks, and it won’t necessarily mean immediate compensation. An open-source project is built by the community and for the community. There is an implicit agreement to use the source code, design documents, and original content of the product freely. So, why get involved in an open-source project?

People from many backgrounds can participate in open-source projects, including software devs, UX and visual designers, communications professionals, among others. There are countless reasons why people choose to cooperate in an open-source project, and those include: