Game Loot: reinvented games
Digital distribution (also known as content distribution, online distribution, or electronic software distribution) is the distribution or distribution of multimedia content such as audio, video, software, and video games. The term is generally used to describe distribution on an online broadcast medium, such as the Internet, bypassing physical distribution methods, such as paper, compact discs, and VHS videocassettes. The term online distribution is generally applied to stand-alone products; Downloadable add-ons for other products are more commonly referred to as downloadable content. With the advancement of network bandwidth capabilities, online distribution has become predominant in the 21st century.
Content distributed online can be broadcast or downloaded, and often includes books, movies and TV shows, music, software and video games. Streaming involves the downloading and use of content at the request of a user, or “on demand”, rather than allowing a user to store it permanently. On the other hand, downloading the entire content to a hard drive or other type of storage medium may allow offline access in the future.
What is Blockchain?
Blockchain is an irrefutably ingenious invention that is practically causing a revolution in the global business market. Its evolution has brought greater benefit, not only to companies but also to its beneficiaries. But since this is the revelation to the world, the vision of its operational activities is still unclear. The main question in everyone’s mind is – What is Blockchain?
For starters, Blockchain technology serves as a platform that allows the transit of digital information without the risk of being copied. It has, in a way, laid the foundation for a solid backbone of a new type of Internet space. Originally designed to treat Bitcoin – by trying to explain to the layman the functions of its algorithms, hash functions and digital signature property, today’s technology enthusiasts find other potential uses of this invention. immaculate that could pave the way for an entirely new business process in the world.
Blockchain, to define in all respects, is a kind of algorithm and data distribution structure for the management of electronic money without the intervention of a centralized administration, programmed to record all financial transactions as well as all who holds value.
The Blockchain can be understood as the Ledger Distributed technology that was originally designed to support Bitcoin cryptocurrency. But after heavy criticism and rejection, the technology has been revised for use in more productive things.
To give a clear picture, imagine a spreadsheet that is virtually boosted to tons at times across a plethora of computer systems. And then imagine that these networks are designed to update this spreadsheet from time to time. That’s exactly what blockchain is.
The information stored on a blockchain is shared sheets whose data are reconciled from time to time. It’s a convenient way of talking about many obvious benefits. To be with, blockchain data does not exist in one place. This means that everything stored there is open to public view and verification. In addition, there is no centralized information storage platform that hackers can corrupt. It is virtually accessible on more than one million computer systems side by side, and its data can be accessed by anyone with an Internet connection.
Durability and authenticity of Blockchain
Blockchain technology is something that minimizes Internet space. It’s chic in nature. Similar to the data offering to the general public via the World Wide Web, authentic blocks of information are stored on a blockchain platform that is identical across all networks.
It is important to note that the blockchain can not be controlled by a single people, entity, or identity, and has no single point of failure. Just as the Internet has proved to be a sustainable space for 30 years, the blockchain will also serve as an authentic and reliable global stage for business transactions that continue to grow.
Transparency and Incorruptible Nature
Industry veterans say the blockchain lives in a state of consciousness. It is practically true from time to time. This is similar to a self-checking technology where its network reconciles every transaction, known as a block, that occurs on board at regular intervals.
This gives rise to two major blockchain properties – it is highly transparent, and at the same time, it can not be corrupted. Every transaction that takes place on this server is integrated into the network, making everyone very visible to the public all the time. In addition, to edit or omit information on blockchain requires a tremendous amount of effort and high computing power. In the middle of this, frauds can be easily identified. Therefore, he is called incorruptible.
There is no rule or regulation defining who should or can use this immaculate technology. Although today’s potential users are banks, commercial giants and global economies, the technology is also open to everyday consumer transactions. The only blockchain obstacle is facing global acceptance.
Booty network overview
A $ 7 million social gaming platform built on the blockchain, with games organized and designed by the community. And supported by game development partners whose creations have attracted more than 100 million downloads
The platform transforms the game publication with an integrated crowdfunding portal. Independent designers submit their game ideas to a catalog in this screen. Their proposal page can include screenshots, demos or gameplay. Users offer loot tokens to sponsor promising projects. In exchange for their cryptocoins, donors receive a revenue generation percentage from the upcoming title. A decentralized collective thus produces games through democratic demand.
Generate a recurring income
When crowdfunded creations are completed, they generate revenue for developers and lenders. Independent artists reduce their expenses and players earn income from the games they helped shape. Imagine owning a percentage of the industry’s next global success.
User-organized games and decentralized publication
Smart Contract Awards
The open registry tracks user interaction with the platform. From design to gameplay, no digital triumph is rewarded.
The competition of frontal sweat typically reserved for the professionals becomes accessible to all. Tournament champions receive Loot prize pools or electronic products on demand.
Recurring revenue for designers and players
A crypto ecosystem
The Loot token acts as a gateway to each reward resource on the platform. With Loot, users can participate in one-on-one tournaments, generate recurring revenue through crowdfunded games, purchase in-game bonuses, bid on online auctions, earn additional revenue, and eventually download games. created exclusively for the platform. The loot will flourish, fed by a vast integrated utility.
LOOT ICO begins May 29, 2018
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