Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n

Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n

With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n

The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n

The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n

Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

The Future

The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business

May 13, 2023

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

>

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n

Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n

Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n

In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n

<\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n

What Is Play-To-Earn?<\/h2>\n\n\n\n

Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n

Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n

Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n

How Can You Play Games And Earn Money?<\/h2>\n\n\n\n

Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n

You can play and earn rewards in various ways including;<\/p>\n\n\n\n

Earning Cryptocurrencies<\/h3>\n\n\n\n

Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n

The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n

Earning NFTs<\/h3>\n\n\n\n

Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n

Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n

These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n

Staking Your Earnings<\/h3>\n\n\n\n

Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n

An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n

Participation Requires Value<\/h2>\n\n\n\n

Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n

The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n

The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n

Game<\/th>	Ticker<\/th>	Genre<\/th>	Assets<\/th><\/tr><\/thead>
Sandbox<\/td>	$SAND<\/td>	Metaverse<\/td>	NFTs<\/td><\/tr>
Decentraland<\/td>	$MANA<\/td>	Metaverse<\/td>	NFTs<\/td><\/tr>
Axie Infinity<\/td>	$AXS, $SLP<\/td>	Card Game<\/td>	NFTs<\/td><\/tr>
StepN<\/td>	$GMT<\/td>	Fitness (Move-To-Earn)<\/td>	NFTS<\/td><\/tr>
Gala Games<\/td>	$GALA<\/td>	Collection Of Various P2E Games<\/td>	NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Modern computers would have to complete a computation of 2^128 to decrypt the private key associated with the private key - in turn allowing access to the said wallet. A large quantum computer would be able to decipher the private key from the public key with 128^3, a large amount of time but much less than modern computers. ((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n The danger quantum computing has against Bitcoin is within the public key encryption system. <\/p>\n\n\n\n Modern computers would have to complete a computation of 2^128 to decrypt the private key associated with the private key - in turn allowing access to the said wallet. A large quantum computer would be able to decipher the private key from the public key with 128^3, a large amount of time but much less than modern computers. ((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Bitcoin is built upon a blockchain, which serves to record everything<\/a> that happens on it - in a public and transparent ledger<\/a>.<\/p>\n\n\n\n The danger quantum computing has against Bitcoin is within the public key encryption system. <\/p>\n\n\n\n Modern computers would have to complete a computation of 2^128 to decrypt the private key associated with the private key - in turn allowing access to the said wallet. A large quantum computer would be able to decipher the private key from the public key with 128^3, a large amount of time but much less than modern computers. ((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n How Would Quantum Computing Effect Bitcoin?<\/h2>\n\n\n\n Bitcoin is built upon a blockchain, which serves to record everything<\/a> that happens on it - in a public and transparent ledger<\/a>.<\/p>\n\n\n\n The danger quantum computing has against Bitcoin is within the public key encryption system. <\/p>\n\n\n\n Modern computers would have to complete a computation of 2^128 to decrypt the private key associated with the private key - in turn allowing access to the said wallet. A large quantum computer would be able to decipher the private key from the public key with 128^3, a large amount of time but much less than modern computers. ((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n The cryptography used to secure the Bitcoin network is SHA-256<\/a>. Designed to be impenetrable for modern computers, but not against quantum computers.<\/p>\n\n\n\n How Would Quantum Computing Effect Bitcoin?<\/h2>\n\n\n\n Bitcoin is built upon a blockchain, which serves to record everything<\/a> that happens on it - in a public and transparent ledger<\/a>.<\/p>\n\n\n\n The danger quantum computing has against Bitcoin is within the public key encryption system. <\/p>\n\n\n\n Modern computers would have to complete a computation of 2^128 to decrypt the private key associated with the private key - in turn allowing access to the said wallet. A large quantum computer would be able to decipher the private key from the public key with 128^3, a large amount of time but much less than modern computers. ((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Quantum computers use quantum mechanics to compute much faster than traditional computers. Large quantum computers would cause trouble for Bitcoin, though it would not be the end of it.<\/p>\n\n\n\n The cryptography used to secure the Bitcoin network is SHA-256<\/a>. Designed to be impenetrable for modern computers, but not against quantum computers.<\/p>\n\n\n\n How Would Quantum Computing Effect Bitcoin?<\/h2>\n\n\n\n Bitcoin is built upon a blockchain, which serves to record everything<\/a> that happens on it - in a public and transparent ledger<\/a>.<\/p>\n\n\n\n The danger quantum computing has against Bitcoin is within the public key encryption system. <\/p>\n\n\n\n Modern computers would have to complete a computation of 2^128 to decrypt the private key associated with the private key - in turn allowing access to the said wallet. A large quantum computer would be able to decipher the private key from the public key with 128^3, a large amount of time but much less than modern computers. ((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Name<\/th> Token<\/th> Use Cases<\/th> Network<\/th> Launch<\/th> Status<\/th><\/tr><\/thead> Dash<\/a><\/td> DASH<\/a><\/td> Governance, Fund Allocation <\/td> Dash<\/td> MAY 2015<\/td> Operational<\/td><\/tr> The Dao<\/a><\/td> DAO<\/td> Venture Capital<\/td> Ethereum<\/td> APR 2016<\/td> Defunct ((https:\/\/www.gemini.com\/cryptopedia\/the-dao-hack-makerdao#section-origins-of-the-dao))<\/td><\/tr> MakerDAO<\/a><\/td> MKR<\/a><\/td> Governance, Fund Allocation<\/td> Ethereum<\/td> DEC 2017<\/td> Operational<\/td><\/tr> Steem<\/a><\/td> STEEM<\/a><\/td> Data distribution, Social media, Name services<\/td> Steem<\/td> MAR 2016<\/td> Operational<\/td><\/tr> Uniswap<\/a><\/td> UNI<\/a><\/td> Exchange, Automated Market Making<\/td> Ethereum<\/td> NOV 2018<\/td> Operational<\/td><\/tr> UkraineDAO<\/a><\/td> UD<\/td> Fundraising<\/a>, NFT Sale<\/td> Ethereum<\/td> FEB 2022<\/td> Defunct<\/td><\/tr> ConstitutionDAO<\/a><\/td> PEOPLE<\/a><\/td> Purchasing an original copy of the United States Constitution<\/td> Ethereum<\/td> NOV 2021<\/td> Defunct<\/td><\/tr><\/tbody><\/table><\/figure>\n","post_title":"Decentralized Autonomous Organizations (DAOs)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"dao","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/ukraine-dao-launches-1-1-nft-to-raise-funds-to-help-war-torn-ukrainians\/","post_modified":"2022-06-05 20:17:10","post_modified_gmt":"2022-06-05 10:17:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3992","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3390,"post_author":"1","post_date":"2022-02-06 03:07:40","post_date_gmt":"2022-02-05 16:07:40","post_content":"\n Quantum computers use quantum mechanics to compute much faster than traditional computers. Large quantum computers would cause trouble for Bitcoin, though it would not be the end of it.<\/p>\n\n\n\n The cryptography used to secure the Bitcoin network is SHA-256<\/a>. Designed to be impenetrable for modern computers, but not against quantum computers.<\/p>\n\n\n\n How Would Quantum Computing Effect Bitcoin?<\/h2>\n\n\n\n Bitcoin is built upon a blockchain, which serves to record everything<\/a> that happens on it - in a public and transparent ledger<\/a>.<\/p>\n\n\n\n The danger quantum computing has against Bitcoin is within the public key encryption system. <\/p>\n\n\n\n Modern computers would have to complete a computation of 2^128 to decrypt the private key associated with the private key - in turn allowing access to the said wallet. A large quantum computer would be able to decipher the private key from the public key with 128^3, a large amount of time but much less than modern computers. ((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Here are some of the most popular DAOs since 2016;<\/p>\n\n\n\n Name<\/th> Token<\/th> Use Cases<\/th> Network<\/th> Launch<\/th> Status<\/th><\/tr><\/thead> Dash<\/a><\/td> DASH<\/a><\/td> Governance, Fund Allocation <\/td> Dash<\/td> MAY 2015<\/td> Operational<\/td><\/tr> The Dao<\/a><\/td> DAO<\/td> Venture Capital<\/td> Ethereum<\/td> APR 2016<\/td> Defunct ((https:\/\/www.gemini.com\/cryptopedia\/the-dao-hack-makerdao#section-origins-of-the-dao))<\/td><\/tr> MakerDAO<\/a><\/td> MKR<\/a><\/td> Governance, Fund Allocation<\/td> Ethereum<\/td> DEC 2017<\/td> Operational<\/td><\/tr> Steem<\/a><\/td> STEEM<\/a><\/td> Data distribution, Social media, Name services<\/td> Steem<\/td> MAR 2016<\/td> Operational<\/td><\/tr> Uniswap<\/a><\/td> UNI<\/a><\/td> Exchange, Automated Market Making<\/td> Ethereum<\/td> NOV 2018<\/td> Operational<\/td><\/tr> UkraineDAO<\/a><\/td> UD<\/td> Fundraising<\/a>, NFT Sale<\/td> Ethereum<\/td> FEB 2022<\/td> Defunct<\/td><\/tr> ConstitutionDAO<\/a><\/td> PEOPLE<\/a><\/td> Purchasing an original copy of the United States Constitution<\/td> Ethereum<\/td> NOV 2021<\/td> Defunct<\/td><\/tr><\/tbody><\/table><\/figure>\n","post_title":"Decentralized Autonomous Organizations (DAOs)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"dao","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/ukraine-dao-launches-1-1-nft-to-raise-funds-to-help-war-torn-ukrainians\/","post_modified":"2022-06-05 20:17:10","post_modified_gmt":"2022-06-05 10:17:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3992","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3390,"post_author":"1","post_date":"2022-02-06 03:07:40","post_date_gmt":"2022-02-05 16:07:40","post_content":"\n Quantum computers use quantum mechanics to compute much faster than traditional computers. Large quantum computers would cause trouble for Bitcoin, though it would not be the end of it.<\/p>\n\n\n\n The cryptography used to secure the Bitcoin network is SHA-256<\/a>. Designed to be impenetrable for modern computers, but not against quantum computers.<\/p>\n\n\n\n How Would Quantum Computing Effect Bitcoin?<\/h2>\n\n\n\n Bitcoin is built upon a blockchain, which serves to record everything<\/a> that happens on it - in a public and transparent ledger<\/a>.<\/p>\n\n\n\n The danger quantum computing has against Bitcoin is within the public key encryption system. <\/p>\n\n\n\n Modern computers would have to complete a computation of 2^128 to decrypt the private key associated with the private key - in turn allowing access to the said wallet. A large quantum computer would be able to decipher the private key from the public key with 128^3, a large amount of time but much less than modern computers. ((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n DAOs can function as various different business models. Some DAOs act as a charity, where funds are donated to the DAO and the voting decides where the funds are sent to, or some act as a venture fund, where investments in the DAO are pooled and spent on a larger investment that can then be split to the members of the DAO.<\/p>\n\n\n\n Here are some of the most popular DAOs since 2016;<\/p>\n\n\n\n Name<\/th> Token<\/th> Use Cases<\/th> Network<\/th> Launch<\/th> Status<\/th><\/tr><\/thead> Dash<\/a><\/td> DASH<\/a><\/td> Governance, Fund Allocation <\/td> Dash<\/td> MAY 2015<\/td> Operational<\/td><\/tr> The Dao<\/a><\/td> DAO<\/td> Venture Capital<\/td> Ethereum<\/td> APR 2016<\/td> Defunct ((https:\/\/www.gemini.com\/cryptopedia\/the-dao-hack-makerdao#section-origins-of-the-dao))<\/td><\/tr> MakerDAO<\/a><\/td> MKR<\/a><\/td> Governance, Fund Allocation<\/td> Ethereum<\/td> DEC 2017<\/td> Operational<\/td><\/tr> Steem<\/a><\/td> STEEM<\/a><\/td> Data distribution, Social media, Name services<\/td> Steem<\/td> MAR 2016<\/td> Operational<\/td><\/tr> Uniswap<\/a><\/td> UNI<\/a><\/td> Exchange, Automated Market Making<\/td> Ethereum<\/td> NOV 2018<\/td> Operational<\/td><\/tr> UkraineDAO<\/a><\/td> UD<\/td> Fundraising<\/a>, NFT Sale<\/td> Ethereum<\/td> FEB 2022<\/td> Defunct<\/td><\/tr> ConstitutionDAO<\/a><\/td> PEOPLE<\/a><\/td> Purchasing an original copy of the United States Constitution<\/td> Ethereum<\/td> NOV 2021<\/td> Defunct<\/td><\/tr><\/tbody><\/table><\/figure>\n","post_title":"Decentralized Autonomous Organizations (DAOs)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"dao","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/ukraine-dao-launches-1-1-nft-to-raise-funds-to-help-war-torn-ukrainians\/","post_modified":"2022-06-05 20:17:10","post_modified_gmt":"2022-06-05 10:17:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3992","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3390,"post_author":"1","post_date":"2022-02-06 03:07:40","post_date_gmt":"2022-02-05 16:07:40","post_content":"\n Quantum computers use quantum mechanics to compute much faster than traditional computers. Large quantum computers would cause trouble for Bitcoin, though it would not be the end of it.<\/p>\n\n\n\n The cryptography used to secure the Bitcoin network is SHA-256<\/a>. Designed to be impenetrable for modern computers, but not against quantum computers.<\/p>\n\n\n\n How Would Quantum Computing Effect Bitcoin?<\/h2>\n\n\n\n Bitcoin is built upon a blockchain, which serves to record everything<\/a> that happens on it - in a public and transparent ledger<\/a>.<\/p>\n\n\n\n The danger quantum computing has against Bitcoin is within the public key encryption system. <\/p>\n\n\n\n Modern computers would have to complete a computation of 2^128 to decrypt the private key associated with the private key - in turn allowing access to the said wallet. A large quantum computer would be able to decipher the private key from the public key with 128^3, a large amount of time but much less than modern computers. ((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n Examples Of DAOs<\/h2>\n\n\n\n DAOs can function as various different business models. Some DAOs act as a charity, where funds are donated to the DAO and the voting decides where the funds are sent to, or some act as a venture fund, where investments in the DAO are pooled and spent on a larger investment that can then be split to the members of the DAO.<\/p>\n\n\n\n Here are some of the most popular DAOs since 2016;<\/p>\n\n\n\n Name<\/th> Token<\/th> Use Cases<\/th> Network<\/th> Launch<\/th> Status<\/th><\/tr><\/thead> Dash<\/a><\/td> DASH<\/a><\/td> Governance, Fund Allocation <\/td> Dash<\/td> MAY 2015<\/td> Operational<\/td><\/tr> The Dao<\/a><\/td> DAO<\/td> Venture Capital<\/td> Ethereum<\/td> APR 2016<\/td> Defunct ((https:\/\/www.gemini.com\/cryptopedia\/the-dao-hack-makerdao#section-origins-of-the-dao))<\/td><\/tr> MakerDAO<\/a><\/td> MKR<\/a><\/td> Governance, Fund Allocation<\/td> Ethereum<\/td> DEC 2017<\/td> Operational<\/td><\/tr> Steem<\/a><\/td> STEEM<\/a><\/td> Data distribution, Social media, Name services<\/td> Steem<\/td> MAR 2016<\/td> Operational<\/td><\/tr> Uniswap<\/a><\/td> UNI<\/a><\/td> Exchange, Automated Market Making<\/td> Ethereum<\/td> NOV 2018<\/td> Operational<\/td><\/tr> UkraineDAO<\/a><\/td> UD<\/td> Fundraising<\/a>, NFT Sale<\/td> Ethereum<\/td> FEB 2022<\/td> Defunct<\/td><\/tr> ConstitutionDAO<\/a><\/td> PEOPLE<\/a><\/td> Purchasing an original copy of the United States Constitution<\/td> Ethereum<\/td> NOV 2021<\/td> Defunct<\/td><\/tr><\/tbody><\/table><\/figure>\n","post_title":"Decentralized Autonomous Organizations (DAOs)","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"dao","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/ukraine-dao-launches-1-1-nft-to-raise-funds-to-help-war-torn-ukrainians\/","post_modified":"2022-06-05 20:17:10","post_modified_gmt":"2022-06-05 10:17:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3992","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3390,"post_author":"1","post_date":"2022-02-06 03:07:40","post_date_gmt":"2022-02-05 16:07:40","post_content":"\n Quantum computers use quantum mechanics to compute much faster than traditional computers. Large quantum computers would cause trouble for Bitcoin, though it would not be the end of it.<\/p>\n\n\n\n The cryptography used to secure the Bitcoin network is SHA-256<\/a>. Designed to be impenetrable for modern computers, but not against quantum computers.<\/p>\n\n\n\n How Would Quantum Computing Effect Bitcoin?<\/h2>\n\n\n\n Bitcoin is built upon a blockchain, which serves to record everything<\/a> that happens on it - in a public and transparent ledger<\/a>.<\/p>\n\n\n\n The danger quantum computing has against Bitcoin is within the public key encryption system. <\/p>\n\n\n\n Modern computers would have to complete a computation of 2^128 to decrypt the private key associated with the private key - in turn allowing access to the said wallet. A large quantum computer would be able to decipher the private key from the public key with 128^3, a large amount of time but much less than modern computers. ((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n The larger the quantum computer the simpler these encryption methods become to solve.<\/p>\n\n\n\n The ledger that holds every transaction of bitcoin would also be at risk. If the ledger were to be attacked<\/a>, then it could be altered to accommodate fraudulent transactions or as stated above steal coins from wallets.<\/p>\n\n\n\n Scientists from Sussex University published a paper<\/a>, finding that quantum computing is expected to break the SHA-256 encryption method currently utilized by Bitcoin, within the next decade.((https:\/\/avs.scitation.org\/doi\/10.1116\/5.0073075))<\/p>\n\n\n\n Overcoming The Threat Of Quantum Computing To Bitcoin.<\/h2>\n\n\n\n A new public-key algorithm can be added to Bitcoin as a soft fork<\/a>. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.((https:\/\/en.bitcoin.it\/wiki\/Quantum_computing_and_Bitcoin)) <\/p>\n\n\n\n Encryption methods would develop in unison with computational power. So despite quantum computing breaking down current encryption methods, it would open the door for quantum encryption. The larger the quantum computer, the more powerful the quantum encryption will be.<\/p>\n\n\n\n Accommodating cryptography to secure a network against quantum computing is a problem that is yet to affect anyone, but if it is left for too long it will affect everyone. <\/p>\n\n\n\n In turn, the developments in quantum computing could speed up progress towards securing Bitcoin for the long term, with this Bitcoin will survive quantum computing.<\/p>\n\n\n\n <\/p>\n","post_title":"Could Quantum Computing Decipher Bitcoin Within The Next Decade?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"could-quantum-computing-decipher-bitcoin-within-the-next-decade","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/what-is-the-sha-256-algorithm\/","post_modified":"2022-05-28 00:46:01","post_modified_gmt":"2022-05-27 14:46:01","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3390","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":2280,"post_author":"1","post_date":"2021-11-15 22:00:29","post_date_gmt":"2021-11-15 11:00:29","post_content":"\n What Is Play-To-Earn?<\/h2>\n\n\n\n Play-To-Earn or P2E is an emerging business model, popular on blockchains, that has an economic incentive for users to play a certain game. All players who contribute to the economy of the game are rewarded for their efforts. The more you play the more you earn.<\/p>\n\n\n\n Play-to-earn games are not new, but the adoption of blockchain technologies and cryptocurrencies has made it a popular avenue for users to make extra money.<\/p>\n\n\n\n Play-to-earn games work by providing a financial incentive to players to play the game and level up. In turn, this game model allows for the steady growth of an ecosystem as users are incentivized to play, benefitting both the user and others in the ecosystem. <\/p>\n\n\n\n How Can You Play Games And Earn Money?<\/h2>\n\n\n\n Play-to-earn ecosystems are usually built on a blockchain, this is great for two reasons; cryptocurrencies and non-fungible tokens (NFTs). Blockchains are immutable databases<\/a>, this means data stored on the chain is there for everyone to see, but no one to touch. <\/p>\n\n\n\n You can play and earn rewards in various ways including;<\/p>\n\n\n\n Earning Cryptocurrencies<\/h3>\n\n\n\n Various games will reward certain actions with a reward, sometimes these rewards are cryptocurrencies. These cryptocurrencies would be rewarded to your wallet, which can be cashed out to exchange or reinvested back into the game.<\/p>\n\n\n\n The cryptocurrencies you earn are usually paid out in the native crypto of the game. An example of this is Axie Infinity's Smooth Love Potion ($SLP<\/a>), which is rewarded to users for completing daily quests or for playing against other players or non-player characters.<\/p>\n\n\n\n Earning NFTs<\/h3>\n\n\n\n Another reward users can earn are NFTs. NFTs can represent anything from in-game items, playable characters, or collectibles.((https:\/\/academy.binance.com\/en\/articles\/what-is-play-to-earn-and-how-to-cash-out))<\/p>\n\n\n\n Using Axie Infinity as an example, the characters used to play the game, called Axies are NFTs that can be bought, sold, or traded at any time. Axies can also be earned through playing the game or by breeding other Axies together using the Smooth Love Potion, earned from playing the game. You may be able to see how players are incentivized to play by now.<\/p>\n\n\n\n These NFTs can be usually be minted through playing the game.<\/p>\n\n\n\n Staking Your Earnings<\/h3>\n\n\n\n Although not as popular, some games utilize proof-of-stake<\/a> (PoS) consensus to reward their users. PoS allows users to generate rewards from staking their cryptocurrencies or NFTs which get locked in a smart contract for a specified time.<\/p>\n\n\n\n An example of this would be MOBOX. MOBOX allows players to play mini-games which reward them in the $MBOX token, $MBOX can then be staked on the platform which will reward players with NFT mystery boxes. These mystery boxes can contain in-game items ranging from common to epic rarity, which can be used or sold for a profit.<\/p>\n\n\n\n Participation Requires Value<\/h2>\n\n\n\n Nothing comes free. Developing a game costs money, as does keeping it running. Although a majority of play-to-earn games are free to play, they require certain assets to participate. The idea of these games is that users are able to create value and then sell that on. But to do that they may have to buy a certain character, which would be an NFT. <\/p>\n\n\n\n The difference between these games and traditional games is that your in-game assets can always be sold when you've had enough or want to cash out some earnings, whereas traditional games may require you to spend money to progress, but your rewards can't be sold.<\/p>\n\n\n\n The Best Play-To-Earn Games For 2022<\/h2>\n\n\n\n Game<\/th> Ticker<\/th> Genre<\/th> Assets<\/th><\/tr><\/thead> Sandbox<\/td> $SAND<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Decentraland<\/td> $MANA<\/td> Metaverse<\/td> NFTs<\/td><\/tr> Axie Infinity<\/td> $AXS, $SLP<\/td> Card Game<\/td> NFTs<\/td><\/tr> StepN<\/td> $GMT<\/td> Fitness (Move-To-Earn)<\/td> NFTS<\/td><\/tr> Gala Games<\/td> $GALA<\/td> Collection Of Various P2E Games<\/td> NFTs<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Is The Future Of Gaming On The Blockchain?<\/h2>\n\n\n\n Currently, there are over 3.24 billion gamers worldwide, and of that number over 2.65 billion are mobile gamers. ((https:\/\/www.statista.com\/statistics\/293304\/number-video-gamers\/#:~:text=Number%20of%20video%20gamers%20worldwide%202021%2C%20by%20region&text=In%20total%2C%20there%20were%20an,billion%20gamers%20across%20the%20globe.)) ((https:\/\/www.statista.com\/statistics\/512112\/number-mobile-gamers-world-by-region\/))<\/p>\n\n\n\n With blockchain-based games, they are much more inclusive to the public compared to something like a PC or console. This is due to the fact that as long as you have access to the internet and your cryptocurrency, you can take part in these games.<\/p>\n\n\n\n The fact that you can also be the sole owner of your in-game items makes the adoption of this technology a no-brainer for most gamers. Adding to this, a play-to-earn model could create a profession or even a side hustle for the average gamer.<\/p>\n\n\n\n The top blockchain-based game currently 'Alien Worlds' has around 1.2m mobile active users which is a mere 0.03% of the global gaming market.((https:\/\/finance.yahoo.com\/news\/crypto-future-gaming-says-quantum-115512844.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACzF-Jcpy5jklql6JdqUKKGoe78Xzhmj7bVo-zOdE_5oogJZuMZd21DFEz7EZZnW1Cp7FOQokIbNepeoxSeaY7TgT3FOuYfYObiAM4IHBchS0zy_f5bIvuT1rtvSGHGqVLMGEs0c_hAIIeOS0wBKsU81kYqrn2tGY0uOoly2D25f#:~:text=A%20Quantum%20Economics%20chief%20says,relationship%20between%20gaming%20and%20cryptocurrency.))<\/p>\n\n\n\n Although the future is bright for blockchain-based gaming, including play-to-earn, current games being launched are at a tremendous disadvantage. The lack of knowledge on how these systems work is the biggest problem in its adoption.<\/p>\n","post_title":"Play To Earn - Is The Future Of Gaming On The Blockchain?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"play-to-earn","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/nfts-vs-jpegs\/","post_modified":"2022-05-28 00:07:02","post_modified_gmt":"2022-05-27 14:07:02","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=2280","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"}; Most Read The Future The Most Powerful Generative AI Prompts In 2023 For Investing, Finance, Crypto, Business May 13, 2023 Artificial Intelligence Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry November 24, 2024 Artificial Intelligence Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents December 19, 2024 Artificial Intelligence Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations August 15, 2024 Banking Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology November 24, 2024 Subscribe To Our Newsletter By subscribing, you agree with our privacy and terms. Type your email here > Follow The Distributed Twitter Instagram Youtube LinkedIn Facebook RSS ADVERTISEMENT \n DAO<\/th> Traditional Organization<\/th><\/tr><\/thead> Democratized<\/td> Hierarchical<\/td><\/tr> Voting required for changes<\/td> Voting can be done usually solely by the person\/s running<\/td><\/tr> Votes autonomously tallied by smart contract<\/td> Internal manual voting count and handling<\/td><\/tr> Autonomous services; distribution of funds<\/td> Manual services, or controlled automation<\/td><\/tr> Transparent and public<\/td> More secretive and private<\/td><\/tr><\/tbody><\/table>