Ethereum Blockchain Changed The Gaming Industry In 2019! Here’s How
By: Helix Cloud
Tags: Ethereum Blockchain, Blockchain Technology, Btc, Blockchain, Ethereum Wallet

Blockchain is currently a widely trending topic. Several industries are moving towards adopting blockchain for their businesses like the banking industry, ride-sharing, business, academic, healthcare industry, etc. The Ethereum blockchain platform, especially, has been undergoing significant growth over the past year. Ethereum blockchain is a decentralized platform with global access that allows users to program smart contracts and Dapps that can be executed autonomously when the favorable conditions are met. This blockchain can be accessed anywhere in the world. Here’s a glance of the above mentioned massive growth of Ethereum in the past year,

In 2019, there were more than 20 million Ethereum accounts created.

History says there were about 4 million new active users of Ethereum in the year 2019.

The Ethereum developer community multiplied 4x more than for any other cryptocurrency.

There were 8, 516 live Ethereum nodes over the year, and 520 new Ethereum Dapps created.

The decentralized Ethereum platform has influenced the finance industry bigtime over the past year

Ethereum is predicted to continue growing and evolve much more in the year 2020, in fields like DeFi, DAOs, supply chains, and more.

The stats mentioned above are some of the significant magnifications Ethereum went through in the past year. Ethereum with blockchain collectively, have influenced and benefitted various industries. In this article, we are going to focus on the gaming industry and how an Ethereum blockchain platform serves the gaming sector. Let’s dive in and find out.

The gaming industry and how Ethereum blockchain benefits gaming:

The gaming industry is a significant on-demand sector. It has made tremendous progress over the years. The demand and growth for this industry are never-ending, and the e-gaming industry is gradually becoming the future for gamers around the world. Ethereum blockchain offers a decentralized gaming platform that will highly benefit both gamers and developers. Let’s have a quick look at the benefits of Ethereum game development.

The smart contracts integration feature on the ethereum blockchain game platform, enables fundraising and lets users sell their tokens for financing any game that they want to create.

The Ethereum platform allows developers to connect to the liquidity network directly.

Ethereum platform guarantees a secure payment process, thereby eliminating any fraud/ risk factors.

Games on the Ethereum platform are comparatively cheaper than other platforms like Apple, Google, Microsoft, etc.

This platform helps to build and provide access to a broader community of gamers and crypto users all around the world.

The Gamers get 100% anonymity benefits.

Gamers can purchase anything within the game without any extra fees.

Gamers can get in touch with the developers directly for any queries.

Speaking of this, if you are a gamer or a developer looking to build your game on the Ethereum platform, you should be well aware of what is currently happening in the market with the excessive competition to sustain and stand out from it. Want to find out how the blockchain era has been influencing the gaming industry? Let’s look at some impressive numbers!

How Blockchain Transformed gaming industry: