XAYA : TAKING GAMING TO A NEW LEVEL

prinsj (51)in #contest • 6 years ago (edited)

Introduction

Online gaming has been a growing trend for eighteen years and will keep improving because of new innovations like Xaya that has brought better benefits for both gamers and game developers alike.

So what exactly is XAYA (pronounced as Zaya)?

Xaya is a blockchain platform that manages increasingly complex and appealing game worlds as well as securing and simplifying the ownership, sharing, and trade of virtual assets, through the democratization and deployment of game development by allowing developers to bring their vision to life with ease and at reduced costs. As a gamer, with Xaya you have the ability to exchange in-game virtual items for real-world value or virtual items available in another game. It is like have 60,000 gold coins and life level of about 78% on a game like Combat Mission, while on another game like Clash of clans, you need about 5,000 gold coins to purchase some items that would take you to the next level, and imagine that these two games are both hosted on Xaya blockchain. With Xaya, you could transfer your gold coins from Combat Mission to Clash of clans in order to continue playing. It sure does sound like a great deal, but this has been an issue because to carry out this transaction, you would need a scalable and real or near real-time asset storage ledger and the means of managing ownership and sharing of assets is quite complex in some game universes. While as a game developer you get the ability to bring your game ideas to life because the time and cost to push your game concept to the market is reduced drastically. This is made possible on Xaya with the blockchain platform that gives you the ability to build a decentralized autonomous game universe, which eliminates the costs and setup time associated with most servers and cloud-based services.

Huntercoin 2013 makes Xaya credible enough to pull off the ease in online gaming…

As an African proverb goes, "walk with people who know the way"; Xaya has proven this through the launch of Huntercoin in 2013 by the founders of Xaya. After a few months of being launched, it achieved about 35,000 controlled characters despite a low profile launch and requiring a specialist hardware (SSDs) which was uncommon at that time and a reasonable level of technical know-how from the gamer. Within a few weeks of launch, it achieved a market capitalization of about $1 million and peaked to about $6.3 million in 2017. As they say, testimonies and stories sell faster than theories. The Xaya platform with experience gained from Huntercoin experiment will provide a vast array of tools and infrastructure for game developers to build their personalized game worlds to their taste.

To solidify the authenticity of Xaya as a trusted platform, security and fairness are an integral aspect of the decentralized gaming …

Worldwide, for every legitimate In-App purchase there are about 7.49 fraudulent ones. To curb such an experience in the virtual gaming world, Xaya has achieved this through proven technology from Namecoin/Huntercoin; which means as a gamer, the Xaya blockchain platform provides game accounts and tradable in-game items which ensure that your ownership is securely tracked on the blockchain in a decentralized way. Security and fairness are achieved by transferring both the sold item and CHI (the reserve currency
and "fuel" in the XAYA ecosystem) between the two individuals involved in a single transaction (which is called atomic.). The transaction needs to be signed by both parties so that both transfers happen or none at all. This puts an end to situations where the payment is made and item not transferred.

In spite of these awesome benefits on Xaya, it is yet to go mainstream…

On the cryptocurrency ecosystem, a crypto coin gains value from the number of users they have and how much is in circulation, which is why the higher, a currency velocity, the higher the value. Therefore, if a game like Soccer Manager and Treat fighter should use the Xaya servers. This will go a long way in taking Xaya mainstream because Soccer Manager, for instance, has over 20 million downloads and her CEO has over 15 years of game developer on his records. This becomes a source of leverage for Xaya because if hosted on the Xaya blockchain, due to its popularity, all users of Soccer Manager will have to purchase assets using Xaya tokens which would increase its velocity and push it out mainstream.

Scaling is one feature Xaya possesses and this will help scale VR technology…

Massive game worlds on the blockchain network have this major issue with scaling of virtual asset inventories. This problem has been tacked by Xaya through the use of Trustless off-chain scaling for games and Ephemeral Timestamps. Through Xaya, there would be trustless trading of game items, game-specific currencies and who game accounts for CHI to enable a thriving economy and ensure its demand. This is termed as Atomic transactions. These transactions are then carried out through an extension of payment channels in bitcoin between multiple players thereby scaling VR technology to its global target size- this is the Game channels. Should disputes arise in any game channel during transactions, by mixing time-stamping property of a blockchain, Merkle-ized hash commitments, amortized mining incentives, and fraud proofs, a new protocol has been devised to ensure that occurring transaction fees cannot be a loss for any honest participant- this is termed Ephemeral timestamps.

Other features and benefits of Xaya include…

With all the benefits of Xaya as a blockchain on which games are hosted an developed, Xaya further promises reliability and stability, security of virtual assets, ease of trade or sharing of virtual assets which can be converted to real-world value, a secure social networking site, an easy to use game app launcher, human-readable wallet accounts and addresses, virtual currency and asset creation, broad game engine compatibility, game engine templates that are easily exportable, cryptocurrency with high utility value, platform for untapped gaming markets, and the creation of new game genres or types.

Conclusion

Xaya is the future of gaming, creating a decentralized ecosystem where different game dapps can be developed, taking the gaming industry to the next level. a level where mere hobby can tokenize and gamers are incentivize for doing what they love(playing games). Achievements can be sold to other players and players can virtually compete for a contest, with winner getting paid along side with the glory of winning.