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Virtual Currency Games

Every little boy's (and many grown men's) dream of making a living by playing video games is edging closer to reality. The recent release of HunterCoin and the in-development VoidSpace, games which reward players in digital currency rather than virtual princesses or gold stars point towards a future where one's ranking on a scoreboard could be rewarded in dollars, and sterling, euros and yen. The story of the millionaire (virtual) real estate agent... Digital currencies have been slowly gaining in maturity both in terms of their functionality and the financial infrastructure that enables them to be used as a credible alternative to non-virtual fiat currency. Though Bitcoin, the 1st and most well known of the crypto-currencies was created in 2009 there have been forms of virtual currencies used in video games for more than 15 years. 1997's Ultima Online was the first notable attempt to incorporate a large scale virtual economy in a game. Players could collect gold coins

The Basics of Cryptocurrency and the Way It Works

In the times that we're living in, technology has made unbelievable advancement as compared to any time in the past. This evolution has redefined the life of man on almost every aspect. In fact, this evolution is an ongoing process and thus, human life on earth is improving constantly day in and day out. One of the latest inclusions in this aspect is cryptocurrencies. Cryptocurrency is nothing but digital currency, which has been designed to impose security and anonymity in online monetary transactions. It uses cryptographic encryption to both generate currency and verify transactions. The new coins are created by a process called mining, whereas the transactions are recorded in a public ledger, which is called the Transaction Block Chain. Little backtrack Evolution of cryptocurrency is mainly attributed to the virtual world of the web and involves the procedure of transforming legible information into a code, which is almost uncrackable. Thus, it becomes easier to track purchases

8 Computing Solutions at the Forefront of the New Economy

In recent times, the traditional economy and the digital economy has been exposed to new and exciting technologies that promise a more decentralized, secure, and fast network for users. In this article, I have included some of the main players in this developing market. 1. Golem Golem is an open-source, decentralized computer network. How Golem Works The Golem Network is a market for computing power, where users can earn from 'renting' their machines or by developing and selling software. Within the network, users renting computing power are called "providers" and users acquiring power are called "requestors." The requestors utilize Golem for various purposes, including graphics processing, data analysis, microservices, and machine learning. Benefits The work division means that tasks can be completed simultaneously, thus enabling shorter timelines for projects. The cost of doing business is less than cloud-based services. Users can be instantly paid for the