Tag: Blockchain

Is fully decentralized blockchain gaming even possible? – Cointelegraph Magazine

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Despite promises of “decentralization” and “trustless ownership,” the vast majority of crypto games today are, at best, partially decentralized. Web3 is the branding, but in reality, most are “Web2+.” Game assets live on-chain, yet the game logic, state and storage remain off-chain on centralized servers. Why? Simply put, it’s not easy to build a fully decentralized game on-chain. Blockchains in 2023 are still far too slow for processing the gargantuan number of transactions that video games require. Lattice CEO Ludens tells Cointelegraph: “Building a fully on-chain game right now is…

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Celo blockchain proposes return to Ethereum ecosystem, transition to L2

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CLabs, the organization responsible for developing the Celo blockchain, is seeking to return to the Ethereum ecosystem by transitioning from an independent EVM-compatible layer-1 blockchain to an Ethereum layer-2 solution.  According to a proposal discussion on Celo’s governance forum, the transition would include leveraging OP Stack as the architecture to become an Ethereum L2 blockchain, eliminating the need to monitor tooling and libraries composability through upgrades, thus “making it easy for Celo developers to utilize the full gambit of Ethereum tooling/libraries.” Other key differentiating factors would include an off-chain data…

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Bug bounties can help secure blockchain networks, but have mixed results

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Bug bounties are programs organizations offer to incentivize security researchers or ethical or white hat hackers to find and report vulnerabilities in their software, websites or systems. Bug bounties aim to improve overall security by identifying and fixing potential weaknesses before malicious actors can exploit them. Organizations that implement bug bounty programs typically establish guidelines and rules outlining the scope of the program, eligible targets, and the types of vulnerabilities they are interested in. Depending on the severity and impact of the discovered vulnerability, they may also define the rewards…

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Axelar partners with Microsoft for hybrid blockchain solutions

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On July 11, cross-chain protocol Axelar and tech giant Microsoft announced a partnership to bridge public and private blockchains. The collaboration will see Axelar joining Microsoft’s Azure marketplace, becoming the first cross-chain protocol listed on the developer’s online store. Galen Moore, Axelar’s spokesperson, told Cointelegraph that the initiative would enable Axelar to reach tens of thousands of companies that use Azure, Microsoft’s cloud service. “This has tremendous potential for products that integrate established internet technology with public blockchains in ways that are meaningful for users,” Moore stated. In the marketplace,…

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Crypto Thief, Sega blockchain game, AI games rights fight — Web3 Gamer – Cointelegraph Magazine

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Valve allows AI content on Steam Game developers can use AI-generated content in games listed on Steam, but only if it isn’t generated using copyright-infringing content. That’s the official line from Valve, the creator of game publishing platform Steam, which it made in response to a June Reddit post that’s been making the rounds about a developer who had his game rejected by Steam for using AI. Developer Artoonu, who specializes in creating NSFW games (think furries and hentai), said the company asked him to “affirmatively confirm that you own…

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Is blockchain technology ready for high-storage applications?

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Web3 — the third generation of the internet — refers to a decentralized and distributed version of the web that uses blockchain technology, and other decentralized technologies, to enable greater user control, privacy and data ownership. It aims to redefine how we interact with digital services, moving from traditional centralized models to decentralized peer-to-peer networks. At its core, Web3 is built on blockchain technology, which is a distributed ledger that maintains a cryptographically-secured, continuously growing list of records called blocks. This decentralized nature enables direct peer-to-peer interactions. Web3 brings several…

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Can blockchain games really offer a sustainable income?

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Blockchain games are mostly played for entertainment, but some developers within the industry think the games could eventually evolve into a form of employment where players can grind out a living wage.  Video games using blockchain tech allow players to earn native crypto or nonfungible tokens (NFTs) by playing and participating in activities within the virtual world. Users can then trade or sell their rewards to others and convert them to fiat currency or other crypto, such as Bitcoin (BTC) and Ether (ETH). Known as GameFi and play-to-earn (P2E), these…

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Can blockchain really improve trust in AI? – Cointelegraph Magazine

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Most technological revolutions come with an unforeseen darker side. When Austrian-born physicists Lise Meitner and Otto Frisch first split the atom in the late 1930s, they probably didn’t anticipate their discovery would lead a few years later to the atomic bomb. The artificial intelligence (AI) revolution is arguably no different.  AI algorithms have been around for decades. The first artificial neural network, the perceptron, was invented in 1958. But the recent pace of development has been breathtaking, and with voice recognition devices like Alexa and chatbots like ChatGPT, AI appears…

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Deloitte integrates blockchain for digital credentials

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Big Four accounting firm Deloitte has integrated blockchain technology to allow customers to store their verification credentials in a single digital wallet, in an effort to streamline the “typically inefficient” verification processes. In a May 4 statement, Deloitte announced it has integrated KILT blockchain technology – a Polkadot (DOT) parachain – to enable the issuance of reusable digital credentials to its customers. The integration aims to improve the efficiency of Deloitte’s Know Your Customer (KYC) and Know Your Business (KYB) verification processes. It was added that the standard and “typically inefficient”…

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