Blockchain Use-Case: Gaming

Blockchain technology arrived with numerous blessings and promises for almost every industry on the surface of the earth. In this blogpost, we’ll be looking at its application in the gaming industry and how ambitious players like DAO.Casino are making a mark in the emerging industry.

New decentralized technologies, game developers have found themselves a thriving ecosystem to build upon. Blockchain enables a protocol that allows developers to create decentralized games for users across all industries, particularly in the underserved gambling industry.

Blockchain gaming promises many benefits for the gaming industry, but most of all it benefits the players themselves.

True ownership, decentralized games, provably fair gameplay, acquiring crypto through gameplay (play-to-earn), global leaderboards, censorship resistance, and no infrastructure to manage for the developers, are just a few of the touted advantages.

While all of that is great, the evolution of blockchain gaming hasn’t been so pretty. Several issues that weren’t anticipated have affected the growth of blockchain games, and they threaten to stifle the evolution of this important aspect of the blockchain space as a whole. In short Blockchain Games have just not lived up to their mainstream cousins so far, but there is hope.

Speed

When it comes to blockchain for gaming, perhaps one of the most significant problems so far has been speed. These days, everyone wants a quality, state of the art gaming experience that doesn’t lag or provide any issues with speed and pacing. However, blockchain games that we have today are usually restricted to activities such as trading and creating assets.

Take Crypto Kitties, the most popular blockchain game, for example. The game makes it possible for players to grow and trade virtual cats on the Ethereum blockchain. While it shows a great deal of minimalism, the issue of speed still exists. The Ethereum blockchain is quite fast, but with a block time of 17 seconds, games built on the blockchain are essentially restricted to progressing at least three times per minute and that is assuming the blocks are not full causing even more delay.

User experience (UX)

Onboarding mainstream gamers into a blockchain game and then actually playing the games is certainly not a smooth process.

In the majority of cases players must download the Metamask Chrome extension wallet, generate an address, sign up with an exchange, buy ETH, send ETH to their wallet, and then they are about ready to play, after they have backed up their wallet.

Computational scalability

The advent of smart contracts was revolutionary. Code could be run on the blockchain. This has massive implications for many industries, not the least of which is finance.

However, code complexity is a bigger issue for games. Where financial smart contracts can be relatively small, video games are far more complex. As it turns out, calculating checkmate in a smart contract on the Ethereum blockchain is too complex and impractical. The gas fees would be astronomical just for a simple game of chess, much less MMORPGs.

XcelToken Plus Long Term Price Predictions

Bitcoin has recently hit the $10,000 mark and seems to only be rising, within 24 hours of breaking through the $10,000 mark it hit $11 Grand, with it leading the way, prices of other cryptos are following suit. This blog attempts to predict the price values that XcelToken Plus will be achieving in the years to come.

XcelToken Plus (XLAB) is an ERC20 token on the Ethereum Blockchain Platform that is fashioned to build, involve and foster a large crypto-community within the hospitality, retail and gaming sectors. XcelToken Plus (XLAB) is now be available for trading on 14 Exchange Platforms, so let’s take a look at its price cap and what its capable of in the next few months.

Currently XLAB stands at a value of $0.004629 on the 2019-06-22 according to Coinmarketcap, and seems to be rising, refer to the chart below to understand its movements in the market.

With this as reference lets look at what its market values will be in the coming years.

XLAB is an awesome long-term (1-year) investment. If you are looking for virtual currencies with good return, XLAB can be a profitable investment option. XcelToken Plus price equal to 0.01063USD at 2019-06-23. If you buy XcelToken Plus for 100 dollars today, you will get a total of 6989.241 XLABs. Based on our predictions, a long-term upsurge is expected, the price projection for 2024-06-15 is 0.261 US Dollars. With a 5-year asset investment, the revenue is expected to be around +2359.83%. Your present $100 investment may be up to $2459.83 in 2024.

Invest in XcelToken Plus now to reap its benefits financially and through its adoption in the OTA platform of XcelTrip where you will be able to use your cryptos to book airline tickets and check-in at hotels all over the world.

Powerful Cryptocurrency in Blockchain Voting System

Not many people know how voting takes place in the blockchain. It all starts from a public or a private blockchain. The first concern is related to the user’s privacy. A blockchain should hide the voter’s cast. This process is achievable by using zero-knowledge proofs or encryption methods.

Secondly, each citizen must register and prove their identity. The voter needs to have a unique identification ID. Voters can submit a passport or biometrics like a fingerprint. After that, the identity is recorded on the blockchain associated with that user’s private key and public key.

Instead of a ballot box to cast a vote, a voting token and a smart contract can be used. Each token once sent to the user’s account would have a time limit defined by the smart contract.

All candidates would receive an address. Then citizens can use their token to vote by sending it to the candidate’s address. By following these simple rules, this system can easily count each vote.

The most interesting thing is fact on blockchain everything is immutable and verifiable. None would be able to vote twice or delete votes.

Online voting could be as an alternative to paper ballots or electronic voting machines – has been suggested as a way to not only boost the number of active voters, but possibly even address election security and integrity issues. Might blockchain, a technology that continues to draw attention from technology and business leaders alike, hold the key to making internet voting widespread around the world?

The race for fast delivery of democracy has encouraged numerous countries to turn to internet voting, using secure, scalable, and reliable blockchain voting platform and more countries are testing out blockchain voting.

Switzerland for example recently tested out blockchain voting technology especially because it promised to deliver a faster and easier voting process. Luxoft, Luzern’s Blockchain Lab and the city of Zug recently released a joint report revealing positive results of an e-voting exercise that took place in Zug.

Who knows maybe XcelToken as a blockchain Utility Token based on the ERC20 Ethereum protocol will helps not only hotels, restaurants and marketing partners earn while participating, but could be used in voting system too. Stay tuned for more news!

At the moment you can use XcelToken Plus, a utility token with multiple use-cases, to book your travels on XcelTrip and make sure that the future of cryptocurrencies is bright.

XcelToken now on LATOKEN!

XcelToken Plus is an ERC20 token on the Ethereum Blockchain Platform that is created to build, engage and foster a large crypto-community within the hospitality, retail and gaming sectors. With more than 100,000 token holders, XcelToken Plus, XcelLab is proud to announce that XcelToken Plus will now be available for trading on LATOKEN. To know more about LATOKEN, keep reading on.

LATOKEN

LA (top 100 cryptocurrency by Coinmarketcap) is the main currency on the LATOKEN platform. It is a utility token which has been confirmed in a legal memorandum prepared by White Summers Caffee & James, a premier technology, and international law firm based in San Francisco with 18 years of experience. The memorandum states that “LA Tokens have a distinct utility purpose separate from producing profits”. Some of the features on LATOKEN include: Instant exchange (LA DIRECT) advanced trading feature and crypto/fiat gateway.

XcelToken Plus is adopted into usage on XcelTrip– an online travel booking platform where you can check-in at over 800,000 hotels and book tickets with over 400 airlines, XcelPay– a merchant POS and digital payment wallet through which you can now recharge your phones with 900 different carrier services and in 160 countries, with cryptocurrency. The token will also be adopted into multiple use-cases soon.

Get excited and sign up to the above exchange to start trading the new and improved XcelToken Plus!

XcelTokens now on P2PB2B!

XcelToken is an ERC20 token on the Ethereum Blockchain Platform that is created to build, engage and foster a large crypto-community within the hospitality, retail and gaming sectors. With more than 100,000 token holders, XcelToken is now getting an upgrade. XcelLab is proud to announce that XcelToken will now be available for trading on P2PB2B from the 15^th of May, 2019. To know more about P2PB2B, keep reading on.

P2PB2B

P2PB2B is an advanced cryptocurrency exchange platform that works for the benefit of its users. They make sure that your trading convenient and safe. P2PB2B works on high performance where they support and process trading of 10,000 traders every second. They provide 24/7 support in English, Mandarin, Japanese, Russian, Spanish, German and Indonesian. Aside from these they also support multiple currencies and provide strong safety with a strong firewall that detects and blocks attackers.

XcelToken is adopted into usage on XcelTrip– an online travel booking platform where you can check-in at over 800,000 hotels and book tickets with over 400 airlines, XcelPay– a merchant POS and digital payment wallet through which you can now recharge your phones with 900 different carrier services and in 160 countries, with cryptocurrency. The token will also be adopted into multiple use-cases soon.

Get excited and sign up to the above exchange to start trading the new and improved XcelToken from the 15^th of May, 2019. More information to follow….

Thank you for your patience and Understanding.