GameXCoin: The Decentralized Gaming Ecosystem

in #cryptomarket6 years ago

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The Ecosystem
GameXCoin ecosystem consists of several parties. Every parties below, act to fulfill or achieve their own purpose (gain profits, and etc) but as a whole ecosystem, they’re the one who makes sure that the ecosystem keeps running as intended. These are the parties in GameXCoin ecosystem.

Block Producers: As the name suggests, this is the one who’s responsible to create and verify block and provide the required network resources (nodes, blockchain copy and etc). For their participation and contribution (as long as they’re following the consensus rules) they’ll be rewarded with GXC coins.

dGame: dGame is like a dApps on Ethereum blockchain. dGame or decentralized game is a game built and run on top of GameXCoin blockchain. This is what is developed by developers and played by players. dGame will utilize tokens that are minted or produced by the developers (the name, details or properties is designed by the developers just like any other tokens). They’ll do that by collateralizing GXC coins first which can be purchased from company reserve or exchange. This is why currency in dGame can be exchanged with each other because they’re built on top of the same blockchain.

Players: Players are the one who plays dGame, or to put it simply, gamers. They’ll get rewards (depends on the game that they played) and they’ll be able to use tokens to buy or interact with the gaming ecosystem as a whole. There are a lot of options for gamers actually. For example, just enjoy playing a game or make profits from it by getting an item and then sell it to other players.

GXC Holder: In its simplest sense, GXC holder is anybody who has GXC in their wallets. It can be a player, developer or block producer, or simply a GXC holder. They can vote for block producers, just like in any other dPoS based blockchain.

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SOURCE: https://medium.com/@nostradamus078/gamexcoin-the-decentralized-gaming-ecosystem-a064226c449b

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