According to Olga Skorobogatova, First Deputy Governor of the Bank of Russia, initiating pilot operations using genuine digital rubles represents a pivotal phase within the project.
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Is fully decentralized blockchain gaming even possible?
A ragtag group of communists and ZK-rollup fans are working tirelessly to make blockchain games composable and fully on-chain. It’s not easy.
Is fully decentralized blockchain gaming even possible?
Despite promises of “decentralization” and “trustless ownership,” the vast majority of crypto games today are, at best, partially decentralized. Web3 is the branding, but in reality, most are “Web2+.” Game assets live on-chain, yet the game logic, state and storage remain off-chain on centralized servers.
Why? Simply put, it’s not easy to build a fully decentralized game on-chain. Blockchains in 2023 are still far too slow for processing the gargantuan number of transactions that video games require. Lattice CEO Ludens tells Cointelegraph:
“Building a fully on-chain game right now is a little bit like building video games on a computer from the 1980s. We don’t yet have complex on-chain games yet because the blockchains – even Layer 2s – are not powerful enough right now.”
Furthermore, developers have to make important tradeoffs when using blockchain technology to make the game widely accessible to non-crypto audiences.
For instance, Aurory’s developers created a hybrid inventory system called Syncspace, which allows players to leave their assets in Aurory’s custody, but move them into their Solana wallets if they wish.
Is fully decentralized blockchain gaming even possible?
Despite promises of “decentralization” and “trustless ownership,” the vast majority of crypto games today are, at best, partially decentralized. Web3 is the branding, but in reality, most are “Web2+.” Game assets live on-chain, yet the game logic, state and storage remain off-chain on centralized servers.
Why? Simply put, it’s not easy to build a fully decentralized game on-chain. Blockchains in 2023 are still far too slow for processing the gargantuan number of transactions that video games require. Lattice CEO Ludens tells Cointelegraph:
“Building a fully on-chain game right now is a little bit like building video games on a computer from the 1980s. We don’t yet have complex on-chain games yet because the blockchains – even Layer 2s – are not powerful enough right now.”
Furthermore, developers have to make important tradeoffs when using blockchain technology to make the game widely accessible to non-crypto audiences.
For instance, Aurory’s developers created a hybrid inventory system called Syncspace, which allows players to leave their assets in Aurory’s custody, but move them into their Solana wallets if they wish.
Is fully decentralized blockchain gaming even possible?
A ragtag group of communists and ZK-rollup fans are working tirelessly to make blockchain games composable and fully on-chain. It’s not easy.
Is fully decentralized blockchain gaming even possible?
A ragtag group of communists and ZK-rollup fans are working tirelessly to make blockchain games composable and fully on-chain. It’s not easy.
Is fully decentralized blockchain gaming even possible?
A ragtag group of communists and ZK-rollup fans are working tirelessly to make blockchain games composable and fully on-chain. It’s not easy.
Is fully decentralized blockchain gaming even possible?
Despite promises of “decentralization” and “trustless ownership,” the vast majority of crypto games today are, at best, partially decentralized. Web3 is the branding, but in reality, most are “Web2+.” Game assets live on-chain, yet the game logic, state and storage remain off-chain on centralized servers.
Why? Simply put, it’s not easy to build a fully decentralized game on-chain. Blockchains in 2023 are still far too slow for processing the gargantuan number of transactions that video games require. Lattice CEO Ludens tells Cointelegraph:
“Building a fully on-chain game right now is a little bit like building video games on a computer from the 1980s. We don’t yet have complex on-chain games yet because the blockchains – even Layer 2s – are not powerful enough right now.”
Furthermore, developers have to make important tradeoffs when using blockchain technology to make the game widely accessible to non-crypto audiences.
For instance, Aurory’s developers created a hybrid inventory system called Syncspace, which allows players to leave their assets in Aurory’s custody, but move them into their Solana wallets if they wish.
EOS Foundation urges creditors to reject $22M Block.one settlement
Amid the approaching deadline for opting out of the current $22 million settlement with Block.one (B1), EOS Network Foundation (ENF) has called on plaintiffs to drop the lawsuit.
The ENF took to Twitter on Aug. 8 to encourage plaintiffs to reject the $22 million settlement Block.one, the firm that was the original seller of EOS (EOS) in a $4 billion initial coin offering (ICO) in 2018.
The EOS foundation argued that the existing settlement “does not adequately compensate” community members for losses caused by Block.one’s “misrepresentations and bad acts.” The ENF emphasized that the settlement amount is a tiny fraction of the amount raised by Block.one as well as $1 billion that it falsely promised to invest in the EOS network and community.
“$22 million is too small a price for Block.one to pay to avoid having to be held to account for their bad acts in the future,” the announcement reads.
Additionally, the settlement bars class action participants’ rights to file new complaints against Block.one and its founders in the future, the ENF stressed, adding:
EOS Foundation urges creditors to reject $22M Block.one settlement
The EOS Network Foundation has called on plaintiffs to drop the $22-million settlement with Block.one weeks after initiating a new class action.
Why is Shiba Inu price up today?
The price of Shiba Inu (SHIB) is up today amid a broader crypto market upswing and a supportive fundamental factor.
What's driving SHIB's price upward?
On Aug. 9, the SHIB price jumped nearly 5.75% to $0.00001005, continuing a rebound trend that started two days ago. Overall, the price has reversed approximately 15% from its recent low of $0.0000947.
SHIB/USD daily price chart. Source: TradingViewA huge chunk of these gains came on Aug. 8, when BitPay, a crypto payment processing company, announced "Bill Pay," a new service that enables cryptocurrency users to pay bills directly from their wallet.
Shiba Inu is one of the many listed tokens in the service, which may have boosted its upside prospects among traders on Aug. 9. In addition, the token may have rallied under the influence of the cryptocurrency market's overall gains, led by hopes about a spot Bitcoin ETF approval in the U.S.
Bitcoin (BTC) has jumped nearly 4.25% from its recent market low of around $28,650, driving altcoins higher alongside.
How to become a ‘Blockchain Radical,’ according to podcaster Joshua Dávila
Despite its libertarian reputation, author and podcaster Joshua Dávila, aka The Blockchain Socialist, believes crypto is for everyone — including the Left.
Binance faces calls for ban by Nigerian Bureau De Change association
Gwadebe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market.
Binance faces calls for ban by Nigerian Bureau De Change association
Gwadebe reportedly emphasized that Binance trading has increasingly established itself as a central point for both the Investor and Exporters window as well as the parallel market.
Canadian police reported using Chainalysis Reactor to trace crypto crimes
Police now have the ability to trace blockchain transactions, identify suspects and determine where funds have been deposited.
Identity checks on crypto exchanges at risk as AI deepfakes evolve
Once HeyGen’s AI-generated digital avatar is available to the public, users will be able to create a video with a real life-like digital avatar in just two minutes.
Bitcoin hits $30.2K August high amid warning longs 'chasing' BTC price
Bitcoin traders ramp up bullish prognoses as BTC price faces down key resistance — can bulls stay the course?
South Korea arrests Bitsonic CEO for allegedly stealing $7.5M of users’ money
The vice president of the crypto exchange will also be put on trial but without preliminary detention.
Temasek, Sequoia Capital, Softbank and 15 VCs face lawsuit for “abating” FTX fraud
The lawsuit alleged that these VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain.
Temasek, Sequoia Capital, Softbank and 15 VCs face lawsuit for “abating” FTX fraud
The lawsuit alleged that these VC firms made many deceptive and misleading statements about FTX while encouraging customers to invest in the exchange for their personal gain.