EON (Entertainment Open Network) Makes a Collision Impact on the Gaming Industry

akhat (29)in #cryptocurrency • 6 years ago

EON(Entertainment Open Network) Protocol deals with the idea of using the production of Dgames ( Decentralized games) to expand the awareness of blockchain technology and cryptocurrency.

The production of games is one of the fastest growing industry globally. Recently the total number of gamers in the world rose to about 2.2 billion and about a billion spend money while playing games. The EON protocol was then incorporated to help games to run smoothly, with ease , while also provide some in –game features like supporting of Cryptocurrency payment and the exchange of other digital assets.

EON protocol make use of the 2 layer solution. The 2 layer solution is a Dgame framework with off and on chain that can perform tremendous payments and transfers of digital assets with very high speed at very low cost. This is also similar to Bitcoin Lighting Network and Ethereum ’s Raiden Network, but way faster.
In the EON Protocol payments can be made to different people with the help of the payment channel which is one of the payment technologies designed to help participants make multiple token transactions. This works by ensuring that participants pays their debts in order by having token locked up as security in a smart contract for the lifetime of the payment channel. This deposit ensures that token can only be used to send or receive from the channel partner unless the channel is eventually settled by either of the participants. This also prevent either of them from double spending their funds to others peers. This payment Protocol is called the EON Payment Channel. Safe, Secure and Effective.
The EON Protocol also have checks freedom that is given to both participants in order to keep track of what is going on in the channel, however each participant only keeps a copy of the latest one. The EON protocol also have the balance proofs Ledger which contains all transactions based on deposits, withdrawals and transfers.

The design of the EON protocol is centered around the notion of Universal hubs which helps the EON payments significantly, less routing, while still benefitting from a decentralized network. As such, when joining a hub, a user can transact his funds with any other member of the hub. This makes the hub unique. The hub architecture is novel because funds are no longer locked between only 2 users, but accessible to thousands of other users on the same hub.

The EON Protocol has a very delicate core Cryptocurrency called the EOT token. The EOT Token is designed and developed to help gamers and developer in the usage of the EON protocol and also to improve the growth and management of the community.
EON Protocol and holder of EOT Token which are also early supporters, will receive a lot of rewards when the network grows. The EOT Tokens also has a range of services to spend them on which moves demands and mostly fundamental value and gain for the cryptocurrency.
The EOT token Distribution is as follows: Early Supporters, advisors and initial partners gain 18%, EON Foundation, Reserved for future, marketing about 28%, team Incentives 18%, Token sales to the community 38% , incentives for gamers and developers about 38%.

Eventually, the EON Protocol and EOT Token proves to be a very useful tool to the gamers and developers in the gaming industry at large.