Greetings Friends;
We cannot deny that the blockchain has become an essential element in people's lives and their daily lives where these networks are accepted and beneficial for various applications in different segments in the virtual world and even in the conventional world. We can bring this conception to the segment of: games, shopping and entertainment, where the security found in blockchain favors provides a better and fluid interaction where it proves that it's possible to break limits and seek something new without having to maintain the current financial standards. So it's with this reflection that in this article I will write about Satoxcoin(SATOX) a cryptocurrency project that aims to deliver security and privacy for instant transactions, payments and reserves of values, serving as a source of practical and daily use where its main objective is to deliver a hybrid consensus with adherence to POW(Proof-of-Work) and POG(Proof-of-Game).
On the other hand, delivering an ecosystem that works is the primary basis of this project because there is no point in having a structure or idea without practical purposes. Therefore, implementing Play2Earn(P2E) features in game servers like Minecraft, and others is already in progress that will consequently help in the dissemination and adhesion of the project in various servers and the like. However forging an absolute consensus of POW/POG is the ultimate goal where it's in beta and still in testing phase.
What is Satoxcoin(SATOX)?
In connection with the introduction and being a 100% community governed project Satoxcoin(SATOX) is the representation of excellence for its transactions where it believes GPU based blockchains POW are decentralized, free and secure from hash attacks, and centralized governance. The implementations feature P2E and POG provisioning where through coin distribution, Satoxcoin(SATOX) will become a useful and popular source to attract players and bounty hunters to projects and to use your ecosystem as a source of connectivity.
Its application in practical, everyday use can be summed up as:
- Accounting unit
- Store of Value
- Value transfer
- Assets minting on the blockchain
- Transfer of assets on the blockchain
- In Game Purchase
- Game purchase
- Donation
- Tipping
These applications will reach their apex when the testing and analysis phase is completed to deliver as a final goal a decentralized Proof-of-Work(POW) and Proof-of-Gaming(POG) cryptocurrency, i.e. a P2P digital asset that allows immediate use, anonymous and secure.
What is Proof-of-Game(POG)? Why did Satoxcoin(Satox) join this idea to forner a hybrid POW/POG consensus?
POG(Proof-of-Game) is a green and sustainable consensus that provides in-game cryptocurrency mining using a blockchain where players create blocks and are part of the validation process of the blockchain putting those players on the same level as the miners. This consensus is much more energy efficient than the common proof-of-work(POW) because of the way it can be used without powerful graphics processing units. Therefore, the Satoxcoin(SATOX) developers together with the community have found the opportunity needed to establish their goals in this untapped segment. The big limitation in most projects is the provision of Play2Earn(P2E) and this is not bad because Satoxcoin(SATOX) is also implementing this incentive mechanism, but players only receive coins from established and separate funds showing that there is a certain limitation. By using the POG consensus, Satoxcoin(SATOX) is moving towards the decentralization of the network by providing the participation of the players directly in the network, helping it to solify and turning the players into a kind of miners by helping in the validation process of its blockchain.
The Differential...
By using Satoxcoin(SATOX) wallet it will become the only miner where the software that interacts with OpenCL or Vulcan and other video modes on the GPU will activate the miner mode on your PC and you as a player will receive coins directly in your wallet. Interesting isn't it? What does that mean? It means that there is unlimited integration potential because there is no need for any game to be deployed directly with SATOX, ie the user performs the entire process on the client side. So all gamers will be able to earn coins by playing anything that uses GPU video mode, without consuming GPU resources.
However as mentioned above these features and other possibilities POG is in beta and under development where it will take some time for these features to be fully developed. Not to mention implementing protection to ensure that no multiboot abuse can be forced. The general idea for developers is to ensure that the Satoxcoin(SATOX) project is a pioneer and seeks to bring practical solutions for these benefits.
Influence of POW/POG for the Game Industry and Crypto
In addition to providing the decentralization of the network, this hybrid consensus will attract millions of users to cryptocurrencies even those who have never heard of it. Therefore, when using the project's main wallet, and in this case Satoxcoin(Satox) players will interact directly with the network, benefiting from this, directly influenced by the number of hours and the individual skill level of the player, that is, the consumption of games will increase absurd with this freely deployable technology. On the other hand, there will still be the possibility of mining in a normal way according to the conventional way, again attracting large miners to the project, increasingly enriching the power of its blockchain.
In practical terms, this mix of mining and gaming will bring many levels of enjoyment to any game, bringing the necessary satisfaction that the gaming industry is looking for, not forgetting that it can entice ordinary consumers to find out more about how cryptocurrencies work and also the functioning of the blockchain(SATOX).
Assets and their interactions...
This option of the Satoxcoin(SATOX) ecosystem seems simple but it allows anything, idea, to be transformed into an asset, bringing even more new connection options with its ecosystem, such as:
- Representation of a part of a project(Titles, )
- Representation of virtual goods(Event tickets, NFT's, gift card, Cards
- Jewel
- Money
- Designs
- Photos
- Marvel comics
- Energy credits(Electricity, Wood, Gas, Oil, Wind)
- Unique features(Message channel, qualifier, restricted and others)
A point of interest at the apex of this interaction is that with the use of PoW/PoG there is the possibility of creating assets in game events such as: gifts, rewards and other incentive options for tournaments and meetings of the communities of these games, making the practice use of the SATOX ecosystem a efficient and option on a daily basis. Another interesting point of this option is that every time a member issues an asset on the blockchain, a certain amount of SATOX is burned, where assets can be issued on the blockchain by any user who has a wallet with sufficient funds.
Satoxcoin Specifications:
Coin
Name: Satoxcoin
Symbol: SATOX
Algo: KawPow - GPU/POG(in progress)
Total Supply: 8 Billion(Over the course of 100 years)
Exchange
Conclusion
I tried to highlight the main points of the Satoxcoin(SATOX) project where I wrote in a simple, introductory and motivational way for you to know about it and its main objectives. In my opinion this hybrid consensus can be the key point to be a unique project for the benefit of society where it will unite fun, gains and technology interaction. The source of knowledge and experience with this project will allow all people of all ages who play their favorite games to interact and gain from these interactions. From a technical point of view, I didn't emphasize much because I believe it would disturb the objectivity of my intentions, which is to motivate you to know more about the project.
Now if you are looking for technical terms I recommend you the links at the end of the article to learn more and be part of the community and its development.
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