TEDCHAIN: Decentralized Gaming Ecosystem

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Back in the 90s, pursuing a career in game development was considered a non lucrative career path compared to a carrer in mainstream entertainment industry. Most people didn’t consider gaming to ever have a high stake in the entertainment industry. And worse, if you were one of the pioneers in the eSports space, you were condemned for dedicating your future to the pursuit of professional gaming. Even today’s famed YouTube personalities and social media influencers were seen as unserious fellows back then before we started to feel the true effects of the technology boom and its influence in our social life.

Fast forward to 2018, and according to the forecast released by Newzoo, 2.3 billion gamers across the globe will spend $137.9 billion on games in 2018. This represents an increase of +13.3% from the year before, or $16.2 billion. Digital game revenues will take 91% of the global market with $125.3 billion.

Blockchain continues to disrupt every industry and gaming is not an exception, Tedchain aims to create an entire decentralized gaming ecosystem that will ensure more transparency, easy monetization, privacy and maximum security for all gamers and developers globally.

What is Tedchain?

Tedchain is a self-contained high-speed global network dedicated to gaming from the very beginning. This means they have the unique ability to target the gaming industry directly using the best of the emerging cryptocurrency, blockchain, and smart contract technologies.

Tedchain is also working on complete games decentralized ecosystem built around the TED utility token, which is the in-game currency in all the games within gaming ecosystem. You can use one currency across all games and also utilize the TED token. This offers gamers complete new possibilities especially considering the reward system behind the gaming ecosystem.

Source

Tedchain Decentralized Gaming Ecosystem

This is a decentralized platform developed by Tedchain for the global gaming community. The ecosystem is a place where gamers can play a game on their own or participate in a tournaments. At the same time, game developers, publishers and advertisers can get access to a huge gaminmg community from, emerging market.

Components Of The Ecosystem

Game Developers-

Developers could be Tedchain or third party developers who uses the platform to develop their games and publishes on gaming stores as well as apps market for Smartphones and Tablets .

Tedchain Gaming And Community Portal-

This is the main session of Tedchain Gaming Ecosystem. This is a place where gamers can play bonline games, cooperate with other gamers through Gaming Hub and trade in virtual goods at TED Marketplace.

Tedchain Mobile App Store-

Tedchain provide gamers with opportunity to manage all gammes on all platforms (PC, online, browser games and mobile games) through one account.

Tedchain Reward And Immutable Voting System-

Tedchain Ecosystem provide opportunities for gamers to be rewarded for playing games. The reward system ensures that gamers get the best entertainments possible.

Cores Tedchain Innovative Competitive Advantage

Peer-2-Peer Network-

Tedchain runs on a dedicated peer-to-peer network, game-optimized blockchain. The global Ted P2P mesh network is the foundation that all aspects of the Ted ecosystem are built upon. This gives complete control over network consensus speed, coin mining algorithms, and smart contract syntax, allowing Tedchain to optimize the system for gaming.

The Tedchain P2P implementation works behind the scenes to support a growing list of services, including the primary Ted blockchain, direct end-to-end encrypted chat, video streaming, and other services using a single node identifier.

TED Blockchain-

The Ted blockchain (Tedchain) uses a dual-reward system, with primary blocks running at a fast one block per second rate and 20-minute interval superblocks. The Tedchain system keeps track of ownership of any kind of digital asset that exists in a game through the use of tokens as recorded in the blockchain ledger.

Digital game assets such as sword, a stack of gold coins, a container of fuel, or whatever the game presents as a tokenized assets camn be stored and retrievable on the Blockchain.

Consensus Protocol-

TedLab has developed a novel consensus protocol, based on the best of existing Proof-of-Stake and Proof-of-Authority protocols. Tedchain uses PoS based consensus system that is designed to reward long-term participants within the Tedchain ecosystem. Rewards are based on the amount of coins that a user holds, as well as how old those coins are. Larger and older coins are more likely to stake.

Voting System-

Many popular cryptocurrency have difficulty with governance and how to make decisions on changing aspects about the coin. Tedchain seeks to solve this issue with the implementation of an immutable voting system, which is accessible to any gamer that actively stakes. A proposal is made based on an identified issue that a gamer may face and is added to the blockchain to be voted on. Gamers with the most to gain or lose from important decisions about Tedchain will be those with the largest sway on the overall vote.M

Securely Communicate-

Tedchain provides the ability to securely communicate between devices running the Tedcoin wallet. Secure communication between users can occur between single users or between groups. Tedchain provides a platform for users to create channels that broadcast signals and data into Tedchain. It allows for small amounts of immutable data to be added to the blockchain.

In-Platform Utility Token-

Game developers can tokenize practically any in-game asset, from inventory items to achievements, cross-game exclusives, and tournament awards. Players can exchange tokenized assets in-game, across games, or for tradable asset such as the platform's own Tedchain, providing real world value which can be supported on any external exchange. Game publishers can sell their own tokenized assets on the Ted Marketplace directly to gamers, or even create their own fundraising crowdsales by creating a platform token directly on the Tedchain.

ICO Details And Token Specification

TED native utility token is an ERC20 compliance token on the Ethereum Blockchain with a total supply of 1,000,000,000, it will be used for all forms of payment in the ecosystem. Its value will depends on how many gamers, developers, publishers and advertisers are using Tedchain Ecosystem.

Conclusion

Though there are many Blockchain projects working on decentralizing and easy monetizition of the gaming industry, Tedchain is highly unique because of the team behind it and their innovative way of approaching the multibillion dollars gaming industry. I recommend this project for Crypto investors, gamers and developers in the gaming industry.

Useful Links

Project Website

Whitepaper

Github

Telegram Open Chat

Bitcointalk Username: Adebits

Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=1249179