Updated: May 2, 2020
“Historic day for Crypto in India. We can now innovate. The entire country can participate in the Blockchain revolution,” said Nischal Shetty, founder, and chief executive of Bitcoin exchange platform WazirX, during the Supreme court’s hearing last month of April 2020.
Yes, cryptocurrencies are back in trade post government lifts the ban entirely on the use-and-trade of these digital assets. Though you still can’t feel them physically, I think that’s why these are in abundance. Cryptocurrency is digital money that can be transferred over the internet. You can simply add your credit card or debit card to the exchanges and voila!
Since their first bang in the form of Bitcoin in 2008, amidst all the resentment of the great recession, things have only happened in favour of cryptocurrencies. It introduced people with a new form of digital learning as blockchain which has now become the lifeblood of multiple industrial domains. Following the principles of a distributed ledger technology, blockchain is a perfect companion for any business operation which requires the highest level of security, transparency, and immutability.
Now corruption exists where the money impedes, people clone themselves to get the work completed in the system or manage to evade tax by showing it off the books. Though there are many positive usages including to nullify counterfeit, centralize digital identity to eliminate crime, and possibly track down patients through a single click of a button in any health hazard. Instead, the excellence of blockchain technology has played an important role in revolutionizing the arena of online gaming. ;)
Anyone who has an affinity towards online gaming and cryptocurrencies is well aware of cryptocurrencies. The game has earned millions of fans hailing from different parts of the world by providing one of the world’s most innovative, interactive, and interesting gaming interfaces which allow gamers to immerse themselves in the amazing world of blockchain-supported games. CryptoKitties is one of that intriguing game that allows users to breed, collect, and HODL cute kitten creatures that belong to the users uniquely and cannot be replicated, taken away, or destroyed. The game offers a one-of-a-kind experience to the users.
These crypto-collectibles are also gender-fluid, able to play the role of either the "dame" or the "sire" when bred together. The kitties' unique DNA can lead to four billion possible genetic variations. Some of the varieties created so far look lifelike, with grey striped fur and bulging green eyes. Others are speckled with neon-blue spots or purple highlights.
The cryptokitties serve as a new form of collectibles known as cryptocollectibles and are oh-so-adorable to keep the interest of the gamers hooked to the game. The interactive gaming portal works immensely well in popularizing blockchain technology with people in general. Each cat is one-of-a-kind and 100% owned by you; it cannot be replicated, taken away, or destroyed. The gamers buy, own, and trade their unique cat creatures on the Ethereum blockchain. CryptoKitties!
The Generation 0 CryptoKitties were sold to gamers through an auction at the rate of one every fifteen minutes for a year-long period. Apart from the generation 0 cats, CryptoKitties can breed with each other by becoming sire or dame to create a breeding pair. The one who owns the dame gets the newly born CryptoKitty which will have features similar to its parents. Though, some variations will be visible too.
The gaming portal allows its users to earn profits by creating unique kitties through breeding and selling them in the marketplace in lieu of the desired price. One can also purchase the Generation 0 kitty and HODL them for some time to trade them off in the future.
CryptoKitties’ official blog announced that a total of 36 new Gale Kitties unveiled through random breeding as part of the race to the 2,000,000th Kitty.
by WEBinklined Gamedits