Skip to main content

TangoChain Debuts The World's First Gaming-Only Blockchain Platform

It has been announced that TangoChain will launch the world's first blockchain that is entirely comprised of gaming applications, play-to-earn games, and non-fungible tokens (NFTs). The initiative's goal is to allow gamers to profit handsomely while also creating non-fungible tokens as a byproduct of the initiative (NFTs).

TangoChain has the potential to shape the future of blockchain technology, which is known as the third generation of the technology. The distinguishing feature of this generation is a blockchain that has been fully specialized for its purpose, with infrastructure and services that are tailored to its needs. TangoChain mainly focuses on gaming and NFTs features, instead of incorporating them as optional extras like other blockchain platforms.

Through the use of TangoChain's proof of game protocol, users can help secure the network and validate transactions simply by participating in their favorite game on the TangoChain blockchain. Through this process, they are rewarded for their gaming efforts, resulting in an environment where everyone benefits. In order to verify transactions on the TangoChain network, TangoChain users must stake their cryptocurrency holdings. It is possible to divide the proof-of-game protocol into four distinct parts. Short, simple, easy to verify, non-interactive, argumentative, and filled with knowledge. Tango's protocol can be implemented more quickly and efficiently with Zk SNARKs, which reduces the amount of energy consumed.

When it comes to gaming, Tango wants to make sure that the experience is complete and faultless. It comes with a built-in wallet that eliminates the need to use any off-chain services. Tango will begin raising funds through venture capitalists with the goal of raising a total of 50 million BUSD.

 

Comments

Post a Comment

Popular posts from this blog

To boost trade, Africa is simplifying international payment systems

It's hard to transfer money between African countries. The Ghanaian king settled a bill with a Nigerian attorney. His experience highlights a systemic problem impeding Africa's economic growth: high transaction costs and inconvenience. 15% of all imports and exports occur between 55 African countries. 60% of Asian trade is within Asia. 70% in EU. The difficulty of international payments hinders African trade. There are also high tariffs, long border procedures, and congested roads. Proponents of AfCFTA say easing trade restrictions will boost trade, FDI, and economic growth. 50 million people will be lifted out of extreme poverty by 2035 due to the accord's positive impact on real income, which is projected to rise 9.1%.  Another issue: In Africa, currency values fluctuate. From July 2021 to 2022, Ghana's currency fell from 6 to 8. Volatile currencies make financial transactions more costly and risky. To overcome these problems, PAPSS facilitates financial transactions ...
Post a Comment
Read more

This summer, the Fed will take another step toward creating a digital money

  This summer, the Federal Reserve will publish a research paper that examines the possibility of a central bank digital currency. Multiple countries' initiatives in the central bank digital currency arena, most notably China's, have heightened debate about how aggressively the Fed should act. The Federal Reserve is pushing ahead with its plans to create its own digital currency, stating that a study paper will be released this summer that will go deeper into the topic. Despite the fact that the central bank did not announce any particular plans for the currency, Chairman Jerome Powell acknowledged advancements in payments technology and stated that the Fed has been "actively monitoring and responding" to those developments. In the statement, The proper operation of our economy requires that consumers have faith and confidence not only in the dollar, but also in the payment networks, banks, and other payment service providers that allow money to flow on a regular basi...
Post a Comment
Read more

Blockchain holds the key to a globally trusted coronavirus vaccine passport

"The idea of a vaccine passport was the reason I first got into the blockchain space back in 2014. The initial vision of how it could utilize blockchain technology was a pipe dream at a time when there was no need for it," says Andrew Weil.  More than 4 billion vaccine doses have been administered worldwide. Some governments have opted to implement novel technologies to support contact tracing and keeping immunization records. Some governments have implemented new technologies such as blockchain technology to keep track of people's contact information while others have chosen to use the traditional method of paper records. Amid a growing market of fake vaccine certificates, Travel Pass, Digital Covid Certificate, increasingly aggressive variants, underpinning blockchain. Singapore's Digital Health Passport initiative stores Covid-19 discharge memos, swab test results and vaccination records in a single, secure digital wallet. Smart contracts, pre-encoded with specific...
Post a Comment
Read more