Cutting-edge blockchains for game development and P2E. Part 4: Intro to the P2E world.
Our team is back with a brand new guide on the blockchain gaming industry. As you know, the GameFi and the entire DeFi industry is based on the blockchain technology, which is rapidly gaining popularity.
Choosing a blockchain for the game is a very important step, which has a strong impact on the future success of the project. Everything from development and tokenization to audience integration depends on the blockchain. That’s why we’ve developed a new guide focused on reviewing the most popular blockchains used to create play-to-earn games.
Without any further rating, let’s get started!
What is Blockchain?
Blockchain is a distributed database that contains information about all transactions carried out by the participants of the system. This is literally a chain of blocks, where each of them is a specific digital code, and each subsequent block contains information from the previous one.
Source: Binance Academy
The main advantage of blockchain and one of the reasons for its popularity is security. The blockchain is fully decentralized, since there is no centralized organization over it that verifies and controls on-chain activity. There are no third parties or intermediaries involved and the accuracy of calculations is guaranteed by the mathematical precision of the technology.
Another advantage of blockchain is speed. The transaction process takes a few minutes. However, the technology is used not only for the transfer of cryptocurrencies.
It is widely used in the cybersecurity, banking and gaming industries. The latter one is an object of special interest for us, so we are proposing to get into more details about it.
Blockchain Gaming
Despite the fact that the video game industry is still a very popular and fast-growing one, the introduction of blockchain technology has given it a second life and defined a new leap forward. For the development gaming projects, it is valuable in both the gaming and financial aspects, since it can solve a number of the industry’s long-standing problems.
Source: Hackernoon
For example, blockchain enables development teams to integrate an ownership system of in-game assets in the NFT format. It allows users to exchange or sell them without the participation of intermediaries.
If you used to buy characters, skins and artifacts to just admire them, with blockchain you can become their real owner and get additional income by trading in-game items and NFT characters.
Another opportunity for profit through games came with the development of the Play-to-Earn industry, where users can not only invest in the game, but also get real income in the form of in-game tokens for completing certain tasks or passing missions.
In addition, the security of blockchain has had an impact on the gaming industry. Original solutions are being developed based on this technology, including increased reliability and security, protection against various types of fraud and transparency of gaming processes.
These and other benefits of using blockchain technology in the gaming industry are attracting more and more blockchain games to the market, which bring the industry to a whole new level.
Top Blockchains to Build the Game
We’ve got the basic concepts and benefits figured out, now let’s move on to the main point. The blockchain industry is overflowing with all sorts of game creation platforms. Some of them have already proven themselves in the market and some are relatively new but very promising.
And here we ask the most important question: How to choose blockchain among all the varieties? Let’s analyze in detail the advantages and disadvantages of the most popular blockchains for game creation.
Ethereum
Ethereum blockchain extends the concept of cryptocurrency to the crypto-economy through smart contracts and acts as a platform for creating decentralized applications. The main idea behind Ethereum is an economic system independent of the state.
Source: Forbes
The blockchain database contains all transaction information, which is grouped into blocks along with smart contracts that guarantee data security. Gas is used as additional fees for transactions and the operation of smart contracts.
Ethereum blockchain is the basis for many DeFi applications, including decentralized exchanges and blockchain games. The main advantages include the level of blockchain adoption in the DeFi industry and the number of ETH holders. Ethereum’s popularity and reputation increases trust in the platform and audience loyalty to the game.
Among disadvantages we can distinguish expensive transactions due to high commissions. The cost of gas largely depends on the activity of miners: the more activity, the higher the commission. And the more complex the transaction and contracts, the more gas they request. In addition, Ethereum has some major problems with scaling and speed of transactions.
Binance Smart Chain
Binance Smart Chain is also based on the operation of smart contracts, while supporting many Ethereum tools and decentralized applications. Developers working on the Ethereum blockchain can transfer their projects to BSC without any obstacles.
Source: Binance
Compared to Ethereum, BSC looks much more attractive due to lower fees. In addition, the blockchain stands out for the relative simplicity in creating a game token and the possibility of listing it on Binance.
The cons of Binance Smart Chain include rather expensive implementation, creation of a game token and maintenance of liquidity. In addition, like Ethereum, BSC has some scaling issues.
Polygon
Polygon is an interaction and scaling platform for creating Ethereum-compatible blockchains. It aims to eliminate some of Ethereum’s major limitations, including its bandwidth, transaction delays and high fees.
Source: Forkast
Utilizing Polygon developers can run preset blockchain networks with attributes adapted to their needs. Its long-term goal is to create an open world without borders, in which users can seamlessly interact with decentralized products and services without first having to go through intermediaries.
One of the biggest drawbacks of the network is the presence of competitors from other scaling solutions. In addition, the popularity of the blockchain and the number of users is much lower than in the previous two, which reduces the trust of users.
Tron
Tron blockchain, launched in 2018, became one of the first alternatives to Ethereum. The architecture of Tron resembles Ethereum, but due to the use of consensus algorithms, Tron is several times faster and has almost zero fees.
At the same time, the degree of decentralization of Tron is less compared to the competitors that is undoubtedly a big hitch for game developers.
Source: Coinpedia
The main mission of Tron is to expand the market of decentralized applications in order to simplify their creation and implementation. What’s more, the network can boast of a broad list of investors in the face of blockchain entrepreneurs.
Solana
Solana is a blockchain designed to support scalable, decentralized applications. Unlike Ethereum and other blockchains, Solana is a top-notch blockchain with no sidechains or parachains.
Source: Forbes
Solana is widely-known for its impressive speeds and a growing ecosystem of dApps. The blockchain aims to create a scalable, secure and maximally decentralized platform that can support thousands of nodes without sacrificing bandwidth, helping to avoid some of the main problems faced by competing systems.
When it comes to the weak points of Solana, we have to bring up the high cost of development of various solutions based on this blockchain, which makes this platform less accessible for P2E startups.
WAX
WAX, or Worldwide Asset eXchange, is a blockchain that has been specifically designed for the creation of games and NFT. The key advantage is the optimization of the blockchain for tools that greatly simplify game development and integration of crypto technologies, while providing low fees and high transaction processing speeds.
Source: Forex Academy
Additionally, WAX enables developers with an unsophisticated approach for creating NFTs and implementing them into a game thanks to its patented vIRL NFT technology.
Oddly enough, the drawback of the platform lies in its strong point. Due to the simple and relatively cheap ability to develop games and implement NFT, many non-long-term projects appear on the blockchain. They can’t offer any vision to make the P2E industry a better place for players across the globe, which entails reputational losses for WAX.
Bottom Line
In summary, all above mentioned blockchains have both major pros and cons. It is rather complicated to single out a blockchain that combines all the advantages and significantly stands out from the others. Anyways, the competition in this area is quite high, which gives an incentive for platforms to improve and work on their weaknesses.
Choosing a blockchain to create a game, you should first of all rely on your own experience, goals and resources. Hopefully, our guide will help you decide what to pay attention to and build a gaming project that will stun the whole GameFi space!
https://twitter.com/P2E_SecretHub/ https://discord.com/invite/N8WMRpRgG7
https://t.me/P2E_SecretHub
https://tiktok.com/@p2e_secrethub
