With the appearance of Bitcoin in 2009 a whole new era began in the world. The impact that the world’s first cryptocurrency brought, was not visible initially, but with time everything changed. Right now Bitcoin is the largest cryptocurrency and it is gradually becoming a preferred method in almost every industry. 

In recent years Bitcoin has strongly gained a foothold in the gaming world. Not only Bitcoin but also the blockchain system is widely used for various video games. And the thing is that we have not seen the maximum potential yet. In this article, we will have a look at Bitcoin’s role in gaming.

Cryptocurrencies as a means of payment

You can join the community of crypto-anarchists, abandoning partially or completely the use of fiat currencies in their game. At the moment there are a number of games and services implementing this idea. You can purchase items or skins in the game with Bitcoin. 

The question remains: how such innovations will be viewed by the platforms. So far, none of them have the opportunity to realize in-game payments for bitcoin.

Bitcoin in gaming has been actively adopted in Asia. Because of the technological advancement this region went through, it is no longer a surprising fact that crypto is used there. Most notably the Philippines eSports industry benefited from Bitcoin. 

The gambling industry in the country was also a winner. A lot of people do not understand how esports betting Philippines works and incorporating Bitcoin into this industry was a very helpful step.

At the moment it is quite realistic to create a game in which there will be the withdrawal of assets in the form of cryptocurrency and it will be quite legal.

New types of monetization

It is also worth a close look at the new technology of investing. ICO — initial coin offering. This tool is now more often used to attract investment in projects, but why not consider on a par with the "classic" purpose and the opportunity to monetize finished projects. Let's say you've released a project that, as usual, has a "hard currency".

Imagine that your "hard currency" is a cryptocurrency that you have issued in limited quantities and sell for use in the game. The more popular your game, the more liquid your currency gets. Plus, in this case, you create your own currency trading market, which has a significant impact. The possibilities of this kind of monetization are still difficult for me to imagine in full, although very interesting. Players get the opportunity to earn real money in the game without disturbing the interests of each other and the developer, without spoiling the balance of the game.

Implementation of game servers on blockchain technology

And at least it is worth looking at the blockchain technology itself from the optimization of the costs of the game servers.

Now the cost of backend successful projects is significant. Some own or rent entire data centers to service their games.

Now imagine that you managed to make your game with a server on a distributed registry. Then, as the game's audience expands, the project's server infrastructure is automatically expanded.

So a million new installations will no longer be a goo-drop headache, there will be no risk of servers falling. Vice versa. The new installations will expand the project's network capacity by a million devices.

However, it should be understood that in such a scenario, the design of the game should allow for technical implementation using blockchain. So far, as far as I know, none of the current blockchain technologies will allow implementing something more complex and global than trivial bets or lottery.

Conclusion 

Bitcoin has made a major leap in the gaming industry and it shows no signs of slowing down. It should be understood that the world’s largest cryptocurrency’s role will only increase in the near future.