The Gaming Industry Has Changed Since Ethereum Blockchain In 2019! This Is How

The topic of blockchain is currently very popular. Many industries, including banking, ride-sharing, business, academia, and healthcare, are leaning toward using blockchain for their operations. In particular, the Ethereum blockchain technology has experienced substantial growth over the previous 12 months. The Ethereum blockchain is a decentralised platform with open access that enables users to create Dapps and smart contracts that can run automatically when the right circumstances arise. You can access this blockchain from any location in the world. Here’s a quick look at Ethereum’s above-mentioned enormous growth over the past year:

• More than 20 million new Ethereum accounts were established in 2019.
• According to history, there were approximately 4 million new active Ethereum users in 2019.
• Compared to other cryptocurrencies, the Ethereum developer community multiplied by a factor of four.
• Over the course of the year, there were 520 new Ethereum Dapps created and 8, 516 live Ethereum nodes.
• Over the past year, the decentralised Ethereum platform has had a significant impact on the financial sector.
• In 2020, Ethereum is expected to grow and develop significantly further in areas like DeFi, DAOs, supply chains, and others.
• Some of the key magnifications Ethereum experienced in the last year are shown by the data stated above. Collectively, Ethereum and blockchain have influenced and benefited many different industries. This paper will concentrate on the gaming business and how an Ethereum blockchain platform benefits it. Let’s get started and find out.

What Is Interesting About Ethereum

So why should you, as a game creator, be concerned with Ethereum? To understand, you must consider the gaming ecosystem. In other words, you should think about how you now play games and how your data is stored.

When you play a game, you generate a variety of data. This data includes game progress, achievements, friend lists, objects, and a variety of other things. With third parties, such as PlayStation Network, Xbox Live, Steam, and many more, you can store this data. The data is not yours even though it pertains to you.

The majority of the time, the only way to obtain this data is in accordance with the rules set forth by the third-party suppliers. Furthermore, you need to have confidence in—or rather, hope in—the ability of these same suppliers to avoid going out of business or being hacked, both of which occur more frequently than you may imagine, particularly after they start to generate income.

On the other hand, the Ethereum network is very secure and does not require management by a third party. By storing your game data in Ethereum, you can reclaim ownership of your data.

But Ethereum isn’t free. In order to store their data without the need for outside funding, gamers will have to pay any fees to the Ethereum network. Once you realise how much Ethereum has to offer, you’ll realise that this isn’t such a bad offer.

Ethereum in Games: Issues

Steve Wozniak, one of the designers of Apple, recently claimed that Ethereum would one day surpass Apple in terms of importance. Remember that this technology is still in its infancy!

The following list summarises the problems Ethereum is currently having with regards to the development of games.

Resistance: It’s understandable that the current providers who store your gameplay data could be apprehensive about competition from new providers.

Scalability: Ethereum is capable of processing ten transactions per second. This needs to be brought up in order for there to be broad acceptance. Casper will introduce proof-of-stake to the Ethereum networking. This could make sharding a possibility, which would address the scaling issue.

How Ethereum Functions

This section explains Ethereum without jargon.

ETH is new. First launched in 2015. Its development stage is like the early internet. Ethereum will confront naysayers and challenges, like the early internet. Since blockchains are open databases, any developer can access Ethereum Game Development’s player records.

Ethereum uses an internet-connected network. Node=computer. These nodes run Solidity programmes. Similar to a subset of JavaScript or C# is Solidity. This lesson doesn’t cover Solidity.

Virtual computer programmes operate on nodes. A virtual machine works inside the node’s primary OS like a separate OS. Virtual machine EVM (Ethereum Virtual Machine). EVM prevents bad software from deleting data from a node’s hard disc. EVM provides a consistent environment for running programmes.

Simple programmes are needed. While they can communicate with one another, they shouldn’t transport or process a lot of data. Asset ownership, voting, auctions, and trade are good examples. A programme can be as complex as a programmed calculator.

The Ethereum network runs a “heartbeat” every 15 seconds to run all qualified programmes and preserve the results.

The benefits of the Ethereum blockchain for the gaming industry:

A sizable on-demand industry is the gaming one. It has advanced a great deal through time. The e-gaming sector is seeing unrelenting demand and expansion, and players all over the world are increasingly transitioning to it as the future of gaming. The decentralised gaming platform provided by the blockchain is very advantageous to both players and developers. Let’s quickly review the advantages of Ethereum Game Development.

• The game platform’s smart contracts integration feature enables fundraising and lets users sell their tokens to fund any game they wish to make.
• Developers can easily connect to the liquidity network using this platform.
• This  platform ensures a secure payment process, removing any danger or opportunity for fraud.
• Compared to other platforms like Apple, Google, Microsoft, etc., games on the platform are less expensive.
• This platform aids in creating and facilitating access to a larger global community of gamers and cryptocurrency users.
• The gamers profit from complete anonymity.
• Anything in the game can be bought by players without paying any additional money.
• For any questions, players can speak with the devs directly.

Speaking of this, whether you’re a player or a developer wanting to create your game on this platform, you should be well informed of what’s going on in the market right now with the intense rivalry to survive and succeed. Do you want to know how the gaming business has been affected by the blockchain era? Let’s have a look at some striking figures!

How Blockchain Changed the Gaming Industry

• According to reports, the blockchain gaming sector grew by over 162% in 2019; more specifically, the decentralised platform made available by the blockchain attracted 162% more users than it did the year before.
• According to reports, more than 436 thousand gamers began playing games powered by blockchain in 2019.
• Gods Unchained and My Crypto Heroes, two blockchain games, managed to garner media attention in 2019.
• According to experts, the blockchain gaming sector will experience great growth in 2020.
• In 2018, the market for blockchain gaming reached $138 billion, and it is anticipated to surpass $180 billion by 2021.

How do I create one on the Ethereum platform? Why Suffescom Solutions Inc?

The competition for developing blockchain games is still very much alive, as was already highlighted in the article. Therefore, it is crucial to pick the correct business that will give you a trustworthy platform so that your clients can enjoy a seamless and secure gaming experience.

Suffescom Solutions Inc. is a well-known, seasoned blockchain game creation business with a team of committed developers who are blockchain pioneers. The company offers an ERC-721 platform with the highest level of security and captivating features that will draw players from all over the world.