The gaming industry is one area that has not just proved to be successful but also lucrative.
The competitive nature of the industry has brought development in form of advanced technologies.
The video gaming market is highly lucrative and is estimated at $108.9 billion per annum with a 2016-2020 forecast of 6.2% CAGR6 (Compound Annual Growth Rate) or 7.8% YoY7 in 2017.
This is in part a result of mobile gaming, which accounts for $35.3 billion with a 22% YoY growth, and the lowering cost of computing platforms thus increasing their accessibility to larger human populations.
Estimates of the current desktop computer gaming share vary from $24.8 to $33.7 billion Xaya Whitepaper .
The burdens of development have been on the shoulders of developers, musicians and sound engineers as well.
But, great efficiency has been lacking in some areas.
Development of a game is one thing, getting it across to users is also whole new level of accomplishment, games developed do not always have the right publicity and this is one area that has limited the growth of the gaming industry.
Consequently, funds needed to accomplish great tasks have been lacking too.
There have been cases where developers have had ideas of exceptional games, but there are no funds for execution.
This single problem has made many become prey in hands of greedy developers, who would exchange their ideas for small peanuts, claiming ownership and patent law.
PROBLEMS ASSOCIATED WITH THE GAMING WORLD
LOW SPEED AND SERVERS
Many gaming networks have relatively low speed in intractions and use. Some games take over a minute to load properly.
Some researchers attribute the low speed to poor server by developers. The idea of servers have caused enough problems as these servers could crash and shut down any time.
If most of these games take longer time for a single player, how about multi-players? Maybe hours.
UNTRADABLE POINTS AND ASSETS
There is this feeling of excitement that comes on when you are rewarded with points on a gaming network; it is more like a reward system for a job well done.
The sad thing about these gaming networks is that you cannot exchange these points/assets for real value.
This becomes a problem as no real reward for your time and effort on the network.
DELAYED TIME IN RELEASE
Keeping up with your customers, users and gamers is not an easy task.
Many exciting gaming ideas have failed to deliver because of poor time management.
Some games take longer than usual for their release. A huge part of this is seen from the developers who do not have all the tools necessary for efficient execution.
Blockchain existence is wide and to that end, it offers great benefits to every part of human existence.
Among its great features which include security, scalability, interoperability and ease in access, any platform it partners with is sure going to boom.
Its technological advancement cuts across the gaming industry and the synergistic partnership with the gaming industry will go a long way in helping the growth of both parties.
Relatively, there is a blockchain technology carefully addresses all these challenges listed above and offers a lasting solution to many others, I present to XAYA
XAYA is a gaming technology that is built on the blockchain features to provide an ultimate gaming experience to users.
It has been designed to be serverless and gives full control of asses to users.
The assets are not just for show, they can be traded for real value, fiat currencies and also exchanged in other gaming platforms
User rights are relatively protected as well as assets. The security of assets is guaranteed as xaya employs awesome tools that have be proven effective in securing data.
A POW mining method is used alongside with a SHA-256d merged mining secured by bitcoin miners, and to that end an attack is likely not feasible.
Xaya solves the numerous problems of the gaming industry through the game channels, the blueprint for this is in line with that from Bitcoin Lightning Network.
These game channels are private and is peer-peer relative.
XAYA offers developers the opportunity to bring in their own expertise and skill.
Developers would be able to develop their own blockchain based games on the Xaya platform
It is a win-win situation for all participants
THE JOURNEY TO DOMINANCE AND SUCCESS—HUNTERCOIN EXPERIMENT
The huntercoin experiment was a test run done by the xaya platform to ascertain the prospects and challenges of the network.
The experiment became a very successful one as it met market expectations.
Within few months of deployment, the huntercoin received over 35,000 controlled characters which distinguished it as the first gaming blockchain technology.
The concept was largely autonomous and was characteristically serverless.
The market capitalization was close to $1 million within just a few weeks and peaked to around $6.3 million in 2017.
The success of the experiment provided a pathway for others in the blockchain technology.
It ultimately proved prove the human mining model of games.
The XAYA platform builds upon the significant know-how developed across Namecoin and the Huntercoin experiment and will provide a wealth of tools and infrastructure for game developers to build their own game worlds that fit their vision and project Whitepaper).
FEATURES AND ADVANTAGES OF XAYA PLATFORM
SIMPLE TO USE AND ACCESS
This would save developers stress of learning new languages and also improve gamers experience.
One of the biggest problem of every blockchain is scalability issues, xaya has solved this issue by making it possible for many transactions to happen at the same time
Cryptokitties had so many issues with Ethereum as it couldn’t process many transactions.
SECURED AND DURABLE
XAYA is highly secured with a POW miuning method.
Also, with SHA-256d merged mining secured by Bitcoin miners, an attack is likely not feasible.
Servers have been known to contribute to the slow running of games, they are also prone to attacks and destruction also.
Xaya safely runs on no server, this feature has made it unstoppable and efficient in meeting to the needs of developers and gamers
XAYA AND CRYPTOCURRENCY
XAYA as a blockchain based gaming technology has a token system known as CHI.
The CHI token is very valuable when it increases in demand, especially when it is needed by developers who would intend that their games become popoular.
It obeys the principle of demand and supply. The xaya economy grows when this token system is high in demand.
Xaya provides an infrastructure for developers that will make more accessible the development and marketing of decentralized games based on the blockchain, attracting more developers in this way, which in turn will increase number of people on the platform.
XAYA AND THE GAMING INDUSTRY
The video gaming market is highly lucrative and is estimated at $108.9 billion per annum with a 2016-2020 forecast of 6.2% CAGR6 (Compound Annual Growth Rate) or 7.8% YoY7 in 2017. This is in part a result of mobile gaming, which accounts for $35.3 billion with a 22% YoY growth, and the lowering cost of computing platforms thus increasing their accessibility to larger human populations. Estimates of the current desktop computer gaming share vary from $24.8 to $33.7 billionWhitepaper.
PROBLEM SOLVED WITH XAYA
Developers have always been faced with issues like tools, cost and time.
The xaya platform has solved all these issues for developers, giving them the opportunity to focus more on what they know how to do well.
It also offers the opportunity to develop their own games using very easy to use tools on the blockchain
With xaya, gamers would be rewarded for the effort and time they spend on the platform. The assets acquired therein could be traded for real world value.
This is one advantage xaya has over non-autonomous gaming networks. Also the complexity in taste is also been address by the platform as it has incorporated sophisticated tools that would be used to build more exciting games for gamers
This reward for passion will serve as a big boost to gamers and it will obviously increase the publicicty of the xaya platform
MODEL CHARACTERISTICS OF THE PROBLEM SOLVED
Provably fair gameplay. Compete in games with zero cheating.
Reliability and stability (i.e. 24/7 uptime)
No Servers. Gamers can run games entirely on the blockchain without the need for centralized servers.
Secure virtual asset ownership
Rapid, easy and safe trade and/or sharing of virtual assets and conversion to real-world value (e.g. play to earn or >Human Mining)
Secure social networking
Easy to use a game app launcher
Humanly readable wallet accounts and “addresses”
Real Ownership. True asset ownership is more than just buy/sell/trade, you can even loot them in decentralized worlds!
Fully-, partially-, or non-decentralised game development
Supporting scalable massively multiplayer game development
Virtual currencies and asset creation
Ability to build gamer loyalty
Broad game engine compatibility (e.g. Unity, Unreal, etc.)
Exportable game engine templates (e.g. support for Unity assets and Unreal blueprints)
Accepting and managing gamer payments simply, securely, and affordable
THE TECHNOLOGIES OF THE XAYA PLATFORM
The atomic transaction allows for trustless transactions of gaming items and also affords users the opportunity to negotiate with the items and tokens of the game with the token system.
This feature was initially pioneered by NAMECOIN
Game channels aids in scaling xaya to the global world and can also be used for shards of a global world in order to bring unlimited real time gaming experience
This feature resolves scaling problems using two means. It also ensures that transactions are not lost.
Thus, with this technology, transaction fees can never be detrimental to a honest user of the XAYAplatform.
Every blockchain is faced with scalability issues, but Xaya has been able to address these issues.
This is evident and possible through the invented game channels.
The game channels allows players to perform some turn-based game in a way that the moves are not recorded on the main blockchain
These activities instead are being recorded on a private “side chain”. If both players agree on the outcome, they share the prize.
But if there is a disagreement, the data in the sidechain allows the rightful and honest player to prove that the deserve the reward, which is claimed thereafter.
Every raised issue is being solved. But in cases where users repeatedly disrupt the flow of the game and thereby disrupting honest players, a method has been put into place to resolve this.
The solution to this problem are ephemeral timestamps. They have the following useful two properties:
Nodes can send some data D to be timestamped at time T by the public P2P network
and blockchain. Due to a Merkle construction, this does not cost any blockchain space
or transaction fees per timestamp. Miners still have an economic incentive to process
Later, and only if necessary due to a dispute, such a timestamp can be used to prove to the P2P network that another game participant could have known D at time T. This, in turn, can be used to prove that this participant did not act in a game channel according to the rules, and thus claim payout of the prize money. Only this act of actually using the timestamp requires a transaction on the blockchain and transaction fees, which are then offset by the prize money that is guaranteed to be paid out. In other words, the cost incurred by the dispute will always be paid by the defecting player in the end via awarding the game prize to the honest player.
This is a game that allows players to collect and create candies while creating images in form avatars.
There are also battles between treat fighters. Each avatar created is a treat fighter. This game is set to be launched very soon
This is a soccer game, where a player assumes the role of a manager of a football team.
He competes with other managers and owns a team where he can buy, sale and transfer players.
The champion is determined after the end of a period
The token used in XAYA platform is CHI token and it is used for the following :
- Account Creation
- Renting of assets
- CHI powered crowdsales
- Account transactions
- Coin transactions
- Game transactions
USE CASE 1
Maxwell has been a game freak all his life, he decided to be a software developer so as to build games of his taste. he discovered that he did not have the funds to set up things as well as the necessary tools.
Someone introduces him to the xaya platform and he goes all crazily happy about it. He develops his dream game and also made huge rewards from it
USE CASE 2
Larry has always had funds issues as a developer, he has ideas dripping down all over but found himself unable to get funds from it. This made him a prey in the hands of rich developers, who would steal his ideas and claim ownership rights.
After stumbling on the xaya platform he was able to live his dreams and make rewards.
Xaya has proven to be exceptional in their approach to solving gaming issues. The future of the blockchain and gaming industry looks bright with xaya in place
Developers and gamers would be saved of all challenges. This platform will serve as a blueprint for others and would increase the influx of people to the blockchain technology.