Blockchain technology is no longer a distant rumor; it has quickly become a fixture in the financial sector. There was a time when the term blockchain was considered as jargon, only to be used by those in the crypto community. The blockchain has since transcended the barriers of the crypto community to become a necessity in all spheres of the financial sector. The blockchain has also evolved from just a digitized way of transacting to become a technology where low transaction fees coupled with fast speeds is paramount.
Ethereum, for instance, can process 25 transactions a second though the transaction costs are quite on the higher side, costing about 100 Gwei which is 0.00000010 of an Ethereum coin In the case of Ethereum’s Etheremon digital App. High ethereum prices have a negative effect on gaming since gameplay becomes quite expensive for users. The team behind Etheremon has stepped up its activities to explore off chain solutions to curbing rising fees and issues of scalability. Users still maintain and own in-game assets while the faster processing goal is still being pursued off-chain.
The blockchain has powered the debut of gaming 3.0. Ethereum made great strides towards revolutionizing gaming through digital apps. The Etheremon digital app is the first of its kind to be released as yet and has quickly gained a cult-like following. The Etheremon DAPP creates a system made up of Etheremons otherwise known as Mons. These Mons can be captured, transformed, trained and traded among players in the system. The Etheremon Dapp which is the first of its kind mind-blowingly combines its abilities and technology that is based on the blockchain with virtual reality technology that is common in the gaming world.
This combination creates a mind blogging gaming experience that has been dubbed gaming 3.0 since it is a great improvement on traditional gaming. This is because virtual reality technology and the blockchain technology have taken gaming to unprecedented levels. While the Etheremon team has been grappling with the issue of transaction cost the team at Ziliqa has been succeeding in areas where Etheremon has failed. Ziliqa could become the kryptonite to ethereum since they operate at faster speeds and at much lower costs. On the Ziliqa network, transactions are processed at a speed of 2,828 transactions per second which is has Etheremon beat over 100 fold. The Ziliqa network also operates on only 6 Zil shards with plans underway to expand to more shards within the MainNet.
This is great news for users since it means that gaming will be faster and cheaper on the Ziliqa platform. The realization of this has prompted the Etheremon team to consult the Ziliqa team in a bid to work together to ensure that they bring down transaction costs and boost transaction speeds. Etheremons plans to switch to the Ziliqa platform could prove to become the Ethereum killer with Ziliqa becoming the 5th ranked globally when it comes to price gains.
