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Blockchain-Based Game Becomes First DApp to Launch on Crypto Platform

A crypto platform has announced that the first DApp on its blockchain will be a game in which players have to obstruct strangers and stop them from stealing treasure.

A crypto platform has announced the launch of the first decentralized application (DApp) on its blockchain.

ILCoin says its debut DApp, created on the SHA-256 blockchain, is a game called AGE of ILC — a tower defense game in which players have to obstruct strangers and stop them from stealing their treasure. The game’s developers say their title has been designed to have an old-school, retro look like in the 1980s and 1990s.

AGE of ILC will initially be made available on Google Play in the middle of July, and work is already under way to bring the game to iOS smartphones and tablets at a later date. ILCoin says real cryptocurrencies can be acquired and spent through playing the game — and micropayments are made using ILC coins.

Upgrades can be purchased to give players an upper hand as they stave off enemies. Upon launch, four tracks with varying degrees of difficulty will be available to choose from — with each track boasting its own special features and distinctive enemies to keep gamers challenged. ILCoin says more levels, in addition to new graphic elements, are going to be released every two months. Each upgrade will also be accompanied by developments in the game’s storyline — with every twist and turn in the tale receiving its own blockbuster trailer to draw gaming enthusiasts in.

A new beginning

ILCoin says that AGE of ILC, which has been developed in conjunction with Specter Gaming and BOT Robotics, will not be its last game. The project’s development team has the ambition to increase the value of its blockchain technology by regularly delivering upgrades and launching brand-new titles.

Overall, the platform believes that blockchain-based games have the opportunity to offer an experience that hasn’t been seen in this industry before. While games that use this technology have begun to emerge in recent years, ILCoin says few of these titles have fully embraced the true potential that blockchain can provide.

More insights from ILCoin here

ILCoin’s decentralized approach also means that anyone can start building their own games on its blockchain. As well as giving aspiring developers a chance to have their big breakthrough, it’s also a chance for more seasoned creatives to reach a wider audience and deliver titles in an exciting new format.

Thinking outside the box

As ILCoin continues efforts to make its blockchain valuable for the entire community, the project has launched contests that invite crypto enthusiasts to think of ideas for DApps that broaden the use cases for its network. The crypto platform says it is keen to hear about new approaches for games, online stores and payment systems — apps that all of us use on a daily basis.

As previously reported by Cointelegraph, ILCoin uses “pioneering technology” known as command chain protocol (C2P) to ensure that its blockchain is as secure as possible. Its developers say C2P, that is certified by an official partner of cybersecurity company Palo Alto Networks, has the potential to prevent 51% attacks, in which hackers acquire the lion’s share of computing power in a network.

ILCoin also has the ambition of becoming the first blockchain to create smart contracts that run using SHA-256 technology — enabling them to perform complex operations in fully fledged programming languages that extend far beyond the “small set of simple operations” that many other networks are capable of.

Recent achievements include a redesign of its web wallet and the introduction of dynamic graphs so that users can see how the price of their cryptocurrency has changed over time. ILCoin has also been listing its coin on a broader number of exchanges — increasing awareness and boosting availability to crypto enthusiasts worldwide.

Learn more about ILCoin

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Web Server Security Firm Cloudflare Announces Launch of Ethereum Gateway

Web server security service firm Cloudflare announced the launch of its Ethereum gateway.

Web server security service firm Cloudflare announced the launch of its Ethereum gateway in a blog post on June 19.

Per the announcement, the gateway — which is part of the company’s broader Distributed Web Gateway toolset — lets users “interact with the Ethereum network without installing any additional software.”

The system purportedly allows one to access the network and interact with smart contracts through a custom hostname. Furthermore, the new tool can be used in combination with the firm’s Interplanetary File System (IPFS) gateway launched in September 2018:

“In conjunction with the IPFS gateway, this allows hosting websites and resources in a decentralized manner.”

Cloudflare also notes that while its gateway is centralized, it makes the number of companies offering such services greater, thus increasing the overall reliability of the ecosystem.

The company noted that it supports technologies that distribute trust, and that it hopes the gateway will facilitate decentralization.

The issue of centralization has previously been raised about Infura, the infrastructure-as-a-service arm of Ethereum-focused development company ConsenSys that allows decentralized app (DApp) developers to deploy their DApps without hosting their own full node. Some have argued that, in using Infura,  developers rely on infrastructure entirely operated by ConsenSys and hosted by Amazon Web Services, which creates a single point of failure.

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Joe Lubin y Jimmy Song Formalize a Bet On the Future of DApps. Who Will Win?

After more than a year of discussions,  ConsenSYS
founder Joe Lubin and BTC evangelist Jimmy Song finally materialized a bet in
which the future of the DApps will determine the winner.

Joe Lubin Believes Dapps will revolutionize the World Wide Web
Joseph Lubin

The two famous crypto influencers talked face to face during Consensus 2019, which takes place from May 12 to 15. Coindesk’s mediator managed to put both of them in agreement on the terms of the bet.

According to the proposed terms, if Ethereum is successful
enough to have at least 15 applications with 10000 active users per day and
100000 active users per month for a period of 6 months and before May 23,
2023, Jimmy Song will send 69.74 BTC to Lubin. If the conditions are not met,
Lubin will pay Jimmy Song 810.8 ETH.

The price gap is large because they used the referential
price of each token during last year. The average amount in fiat was about
500,000 to 600,000 dollars in both cryptos, however, neither Song nor Lubin
wanted to renegotiate these amounts.

In order to guarantee transparency, they proposed an escrow
on which there was also an agreement, however; they did not reveal their name
because at the time of the interview this anonymous person had not yet
consulted on their willingness to fulfill this role.

The bet had been postponed several times because of
communication difficulties. Lubin expressed that this was a higher priority for
Song than for him, but he never refused to bet. The nonconformities arose at
the moment of determining what they could consider as an active user and
what defined a “successful” DApp.

Jimmy Song doesn't believe DApps have a future
Jimmy Song

Song wanted to define an active user as the person who paid for using the DApp, however, Lubin explained that this was unfair since there are many applications (such as Facebook) which are free to use. Finally, they agreed that the user did not have to carry out the transaction, as the DApp administrator could assume it (but there should always be an expense or tx in the blockchain).

The bet happened because Song doesn’t believe that DApps should exist. From his point of view, it is always easier and more efficient to develop a centralized application than a Dapp, and any DApp can achieve the same results using central servers. For this reason, he believes that over time these developments will disappear.

For his part, Lubin defends Ethereum and is sure that Dapps will revolutionize the way the world sees the world wide web. This idea is reinforced by the advances around Ethereum 2.0, a technology that promises to improve the efficiency of this blockchain considerably.

The full video of this agreement is available here

The post Joe Lubin y Jimmy Song Formalize a Bet On the Future of DApps. Who Will Win? appeared first on Ethereum World News.

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World’s Fifth Largest Electric Company Using Ethereum (ETH) DApp

EDF Ethereum DApp Cryptocurrency

The world’s fifth largest electrical company has announced a partnership with Ethereum app iExec that will involve the company utilizing the decentralized application (DApp) in a project test.

EDF, which operates a $33 billion market capitalization, has launched GPUSH on iExec, a visual simulator software that is now available through the DApp operator. EDF reports that launching there program through a DApp gives them access to the Ethereum Mainnet, which, among other things, will allow them to test the software in the context of a blockchain.

GPUSH involves a simulation software for modeling fluid behavior, which EDF plans to use to study and evaluate the effects of hydroelectric dams and other sources of liquid-based energy. In particular, the company is looking to Ethereum’s mainnet and the feature of blockchain to see if it is able to improve upon the simulator, compared to the standard GPU computing platform.

Speaking in an interview with CoinDesk, EDF blockchain engineer Gilles Deleuze explained that Ethereum’s network features has the potential to improve the utility of the simulator,

“In a wider perspective, […] development of distributed computing is a credible scenario for the future, and blockchain may be a nice lever in this scenario. So, let’s explore it.”

Deleuze also hinted that his company has larger plans for using Ethereum and decentralized applications in testing their projects,

“The plan is to continue with other open scientific codes requiring possibly other types of workerpools.”

iExec is one of the oldest applications on Ethereum’s network, first launching in 2016 as a way to explore the potential of cloud computing on blockchains. Cloud computing, in its current iteration, is largely under the control of massive corporations with a large supply of resources to devote to the technology. iExec wondered if cryptocurrency networks, utilizing blockchain, could provide an economical and efficient method for decentralized cloud computing.

iExec’s Head of Innovation and Adoption Jean-Charles Cabelguen told CoinDesk that their DApp was advantageous for GPUSH and other project simulators, as it allows for a more “clear monitoring of the state and computational power of the app and increased ‘resilience,’” by running on a decentralized network.

However, Cabelguen complained that Ethereum’s network has drawbacks in its present form, particularly in terms of scalability–an issue that is being addressed in the massive Ethereum 2.0 overhaul.

According to Cabelguen,

“The heavy computing is done off-chain and does not overwhelm ethereum. Afterward, blockchain is used to reach a consensus on the validity of computation’s results. A hash of this result is stored on the blockchain.”

With Ethereum’s transition to Proof of Stake and the 2.0 update, scalability should become less of an issue for decentralized applications running on the network. In addition, the DApp market is continuing to rise, even if newcomers TRON and EOS are bringing substantial competition to the space that was once entirely controlled by Ethereum. Within the next few years, DApp-based project launches such as EDF’s GPUSH could be a regular occurrence by industry.

The post World’s Fifth Largest Electric Company Using Ethereum (ETH) DApp appeared first on Ethereum World News.

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Tron on the Rise, TRX Full Potential Starting To Show

Tron TRX

There hasn’t been a dull day in the Tron network since its
Super Representatives elections were held back in 2018. Misha Lederman has
since then been elected as an advisor to the platform’s Dapp Evolution
Ecosystem. Misha, a consultant and security expert is deeply respected by the
Tron community but is also a fan of the platform as well.

He has promised significant new upgrades to be released in
2019, which includes one of its largest; BitTorrent’s Project Atlas
by Tron’s founder and Dapp Evolution’s TronChat. As the Tron foundation
and Justin Sun work harder at growing and improving the platform’s ecosystem,
the user base is expanding at lightning speeds.

What its main net lacks in age, it makes up for it with sheer
innovation, enthusiasm, and creativity, with more than 400 live dApps drawing 88,928 users per day. Similarly, Tron addresses are exponentially
growing, shooting past two million barely a year after launching meaning the network
processes more transactions that EOS and Ethereum.

Tron’s Rapid Growth

Tron is quickly molding itself to the position of block chain’s
most popular platform, thanks to its rapid growth. As the market faces
difficult BitFinex – Tether issues, the rather new entrant, Tron is holding
still and showing progressive movement, inching closer towards the top-10. With
the number of dApps growing faster on the platform, it is highly possible that
Tron will surpass EOS soon in sheer dApps innovation and Ethereum too
shortly. 

Tron sits behind EOS, taking third place. However, the rate of innovation at Tron is so high. There is definitely a high chance that Tron’s will surpass EOS’s in a weeks ahead. Ethereum, on the other hand, has 1700 dApps to its name, but Tron is striking deals at a faster rate.

Besides, the Chinese Ministry of Industry and Technology Development (CCID) ranked Tron as the second best crypto after EOS, displacing Ethereum.  The CCID evaluation revolved around creativity, essential tech ability and the applicability of a digital asset. The analysis pointed to Tron’s “high-level reliability and coverage even though it is still young and growing. Its network is compatible with the Ethereum’s VM which makes the processing of chained transaction better.”

Tron–Speed and Scalability

Tron runs on a technological democracy known as delegated proof of stake. Unlike Bitcoin’s Proof of Work consensus algorithm, DPoS, is energy efficient and is the epitome of decentralization. Larimer came to realize that the emergence of large mining pools, would end up centralizing Bitcoin mining leaving it in the hands of a few. The Elected Tron Super Representatives run its entire protocol, producing blocks for compensation. Even so, the community says despite what dPoS brings, there is a degree of centralization.

The post Tron on the Rise, TRX Full Potential Starting To Show appeared first on Ethereum World News.

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Tron (TRX) Announces Accelerator Plan For DApp Creation With $1 Million in Prizes

A few hours ago, Justin Sun announced via twitter that TRON (TRX) would be launching an accelerator plan geared towards encouraging the development of DApps on the network. His tweet went on to state the following:

This industry-leading plan, #TRON accelerator plan will empower developers and start-ups to develop #Dapps based on TRON protocol, one of the most active protocols with a daily transaction volume of over 1 million and more than 600,000 wallets. #TRX $TRX

About the Accelerator Plan

As stated by Justin, the plan will empower developers and start-ups to develop DApps on the Tron protocol. The Tron network has continued to exceed expectations with the amount of daily transactions it can handle as well as the number of total user accounts. In the last 24 hours, Tron has handled 2,393,997 transactions and has 702,111 user accounts. This type of stability and efficiency is what developers look for in a blockchain network when creating a decentralized application.

Submission of Projects is Between December 1st 2018 – January 4th 2019

Developers who wish to participate should submit their projects between the 1st of December and the 4th of January. Participation is via registration through EventBrite.com. More information on the Tron accelerator plan can be found on TronAccelerator.io.

Prizes Worth $1 Million

Key to the accelerator plan, is the availability of rewards worth a total of $1 Million. The breakdown of the $1 Million in rewards is as follows.

  • $200,000 for the 1st Prize Winner
  • $100,000 for the 2nd Prize Winners (2)
  • $50,000 for the 3rd Prize Winners (3)
  • 8 Special Prizes worth $30,000 each. A total of $240,000
  • 42 Finalist Prizes worth $5,000 each. A total of $210,000

The Grand prizes winner – 1st, 2nd and 3rd – will have a chance to travel to San Francisco to attend the niTROn Summit. Travel and accommodation will be catered for by the team at TRON with opportunities to participate in future Tron events and programs.

What are your thoughts on the $1 Million Accelerator plan by Tron to boost DApp development? Please let us know in the comment section below. 

[Image courtesy of TronAccelerator.io]

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

The post Tron (TRX) Announces Accelerator Plan For DApp Creation With $1 Million in Prizes appeared first on Ethereum World News.

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World’s Most Expensive CryptoKitty Sold For 600 ETH ($170,000)

The 896,775th CryptoKitty Sells For 600 ETH

Image Courtesy of Axiom Zen

Even amidst a bearish market, some users still seem to want to pour their hard-earned crypto funds into popular DApps and smart contracts. As reported by CNET, the 896,775th CryptoKitty, named Dragon, has just been sold for 600 Ethereum (ETH) or the equivalent of $172,000 at the time of the sale.

Upon first glance, Dragon may not seem like anything special, as the digital kitty ‘only’ has brown eyes, a scaled tail and no flashy features that are common in the elites of the CryptoKitty world. She is also a ninth generation in the digital kitty world, which is important to point out because higher numbered generations are often unattractive purchases for CryptoKitty collectors.

And Dragon’s description on the CryptoKitties website doesn’t seem to add to the appeal of buying her as well. Dragon’s description reads:

Salutations. I’m Dragon. I bit Rebecca Black when I was younger, but those days are gone. Believe it or not, spying on the neighbours is seriously exhilarating. You should try it some time. Let’s connect on ICQ.

Keeping these characteristics in mind, some asked why the buyer decided to purchase this seemingly mundane digital creation.

Was it a fat-fingered mistake? Did he/she/they buy the wrong cat? Is this some form of blockchain-enabled money laundering? Is there something we don’t know about the characteristics of the cat?

Regardless, on Tuesday night, a mysterious user going by the handle Rabono bought the ERC-721 cat for the aforementioned sum of 600 ETH, making Dragon the most expensive kitty to ever be sold in the DApp-based game. This title was previously held by Founder Cat #18 (Gen 0), which sold for 253 ETH ($110,000 at the time of the sale) at the peak of December’s CryptoKitties mania.

CNET reporters queried Axiom Zen, the organization behind the CryptoKitties project, about the purchase. But to the surprise of some, Axiom revealed that company policies restrict representatives from publicly commenting on interesting purchases.

However, company representatives noted that could be any multitude of reasons why Rabono might have decided to purchase #896,775, adding, “maybe there was a personal connection the buyer had to the cat or the seller… Maybe they really, really, liked how that CryptoKitty looked.”

To give the staggering $170,000 figure a bit of context, the median price of a CryptoKitty is $9, while the average price paid is $60, making the aforementioned purchase of Dragon stick out like a sore thumb, to say the least.

Crazy purchases aside, many hope that the CryptoKitties game will see a revival within the next few months because as reported by Ethereum World News previously, DApps have been in a slump across the board, with the number of active users declining by 56% overall and over 96% for the CryptoKitties game alone. So will Rabano’s purchase of Dragon spark the next CryptoKitties mania? For now, it seems that only time will tell.

Photo by Zakaria Zayane on Unsplash
Girl in a jacket

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Line To Launch “LINK” Cryptocurrency In Expansion Efforts

Although prices throughout the crypto bucket have (somewhat) kicked the bucket, there are still legacy market firms who seem intrigued and excited at the idea of blockchain-backed assets. One such company is Line, a Japan-based internet-centric firm that has become well-known for its messaging app.

As reported by Ethereum World News, the firm announced an in-house crypto-to-crypto exchange, which goes by the name BitBox. Since its release, the exchange has done well, offering its users with low fees, and support for a variety of cryptos via a minimalistic, yet easy-to-use platform.

In a surprising move, the internet giant has shown interest towards expanding its crypto offerings, recently issuing a press release that highlighted its planned “LINK” cryptocurrency. According to The Verge, Line intends to issue the LINK cryptocurrency not via an ICO, but rather, by giving away tokens to users when they use Line services, products or complete specific requests. It wasn’t specified how exactly the payment scheme would work, but one would assume that all users of Line products have a fair chance of receiving this newly-established cryptocurrency.

This may lead you to ask — “What will these tokens be used for?”

Well, Line intends to allow LINK token holders to purchase stickers, “webtoons,” and other services within the firm’s messaging application, in a move to evidently emulate a sort-of premium or loyalty program/service.

Image Courtesy of Line

Although this may be mundane in and of itself, the Japanese firm noted that also intends to offer LINK trading support in the aforementioned Line-owned BitBox crypto exchange. The token has also been likened to Binance Coin, as LINK can be used in the place of the 0.1% fee charged by BitBox’s trading engine.

The firm intends to distribute 800 million LINK tokens over time while keeping 200 million LINK for itself in reserve, which will cap LINK’s circulating volume at a maximum of one billion tokens. It is important to note that for now, that Japan, undoubtedly one of Line’s most important markets, will be unable to access BitBox or LINK, as the Japanese Financial Services Agency (and other regulatory bodies) have not given the go-ahead for these products just yet. As it stands, users in Japan will get virtual points, which can be traded for the firm’s cryptocurrency in the future.

If this LINK venture succeeds, Line intends to eventually use the blockchain behind the LINK token to host decentralized applications (DApps) that will directly connect with the firm’s messaging app.

Speaking with CNET, Youngsu Ko, CEO of Line’s ‘Tech Plus’ subsidiary, explained the social media giant’s aspirations in the cryptosphere, writing:

“The accelerated development of the crypto economy and blockchain technologies has created a wide range of options for new types of businesses. To keep up with these trends, Line has decided to launch our own cryptocurrency and blockchain network. Line intends to be a pioneer in the blockchain/crypto field, using our status as a global mobile platform and a listed company to take the initiative with the first cryptocurrency.”

Photo by Luca Bravo on Unsplash
Girl in a jacket

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