crypto

crypto

Evolution is a must for survival

Looking at global trends in entertainment over the past five years, one thing is clear: traditional pastimes need to change if they’re to keep appealing to younger generations.

 

In the brutal fight for eyeballs and engagement from the key 18-35 demographic, traditional pastimes such as watching or taking part in sports, or gambling in a brick-and-mortar casino are losing out, struggling to keep pace with the surging popularity of Esports and iGaming. These new industries are threatening to re-shape the entertainment landscape for good.

 

Last year, the Esport Free Fire World series 2021 Singapore recorded a peak viewership of 5.41 million. These figures, crucially, do not include the event’s largest market, China, where viewing data is not available but where almost a billion people have access to the internet. If you don’t already know, Free Fire is a battle royale game which sees 50 players fight it out on a huge island map.

 

These figures are no surprise to anyone who pays attention to entertainment trends. Free Fire was the most downloaded game worldwide in both 2019 and 2020, surpassing over 1 billion downloads on Google by mid-2021. The company stated that they saw a peak of 150 million active users in 2021.

 

That a gaming tournament would generate these audiences might seem staggering to the older generations, who can’t comprehend why people would be interested in watching people shooting animated characters with fantastical weapons. However, for young people, they see no difference between this and, say, ‘America’s pastime’ baseball.

 

Interest in traditional sports such as baseball remains strong, yet fairly static. 14.3 million viewers tuned into Game 6 of the 2021 World Series – and comparable figures can be seen for the past few years. When you consider that Free Fire was only released in 2017 (whereas the first official baseball game was played in 1846) and take into account that the average age of the viewer is significantly younger than baseball, the indicators are that Esports will become a real rival in the coming years, and may well become a dominant force in the future.

 

Increasingly, ‘brick and mortar’ casinos and their traditional online counterparts are being shunned for the exciting word of crypto igaming. Prior to 2021, the mean age of visitors to Las Vegas was progressively getting older (19% of visitors in 2019 were over the age of 65, this was up from 12% just 3 years prior). Older generations hold a romantic affinity to Vegas, remaining loyal to their entertainment and gaming venues. This historic loyalty is not being passed down to the younger generations who are turning to online igaming, and specifically crypto casinos as their gaming providers of choice.

 

Because of this, venues such as the Golden Gate Hotel and Casino – Vegas’ oldest casino (founded in 1906) – are resorting to new initiatives such as ‘dancing dealers’ which they say will ‘turn up the heat on your table’ to bring in more customers. This echoes the ‘Party Pits’ seen in other established casinos, where scantily clad women dance on podiums while the customers play Blackjack where the pay-outs are even worse than on the traditional tables.

 

These gimmicks fundamentally misunderstand what younger generations increasingly want – an experience which not only provides them with fun, but the security, transparency and choice that they demand.

 

The fresh new visions of crypto casinos like Roobet, which has become the fastest growing site of its kind, are taking the industry by storm. They are thriving exactly because they understand what drives these younger consumers, and it delivers it in a bright, bold and immersive world. With hundreds of innovative igames, Roobet offers the type of gaming variety that traditional, physical casinos cannot.

 

An example of where crypto casinos offer an experience beyond what physical casinos can only dream of is in the field of “live betting” which is taking the industry by storm. Live betting on Esports matches (and even baseball games) where the lines are so fluid and constantly moving is near-on impossible in a physical casino. Customers would lose out because they simply would not be able to follow the fast-moving games, while watching every bet being made and responding quick enough.

 

Platforms like Roobet were born from the gamer community and so truly understand this. Along with others in the igaming space, Roobet have created a platform which delivers on the promise of genuine live betting by enabling countless bets to be passed back and forth and entered/closed out in real-time throughout a match. This makes for a far more fun and entertaining experience, and it’s also more secure for the customer.

 

Blockchain innovations also allow these crypto casinos to offer a superior customer service which aligns with the wants and needs of a new generation of igaming and Esports.

 

The decentralisation and open-source transparency of the blockchain means that sites like Roobet can provide odds which are totally transparent – all users know what they’re going to win, and that they’re not subject to the tricks that some conventional sites are guilty of.

 

They also provide the reassurance of not holding credit card details, a key selling point to the 18-35 bracket who better understand the risks posed online and are more cautious because of it.

 

If Vegas and traditional online gaming sites want to turn the tide and appeal to younger generations then they need to innovate and change, just as sports need to adapt to compete with Esports. If they don’t, consumers will shift away from the likes of Major League Baseball and the MGM Casino, instead opting for games like Free Fire and shifting to crypto casino sites like Roobet where technology meets their needs for fun, novelty, and security.

Crypto Casinos: A Change in the Landscape

Our human and technical landscape is in a constant state of flux.  Ideas that are generated by the human brain and increasingly through artificial intelligence, revolve, metamorphose, and adapt.  In the mist of this dynamic landscape is the ever-changing world of cryptocurrencies. Cryptocurrency and blockchain technologies are developing at an incredible speed. Every day, more and more options for their practical application emerge onto this changing landscape. 

Cryptocurrencies, which include Bitcoin, Ethereum, Tezos, and Litecoin, “only exist digitally” and use a “decentralized system to record transactions and manage the issuance of new units”. Since their emergence in 2009, they’ve been a boon to entrepreneurs, investors, and small business owners, facilitating more streamlined, secure, and flexible transactions. According to Fundera, more than 2,300 US businesses, including Paypal, Sotherbys and Starbucks accept bitcoin. Some of the most reputable charities in the world including the Salvation Army and Save the Children encourage donations in bitcoin and other cryptocurrencies, in the firm belief that crypto can be a force for good. 

In the same way, one of the most important industries this innovative technology has penetrated is gaming. Creative and new opportunities harnessing this agile space have led various companies in the estimated $1bn esports industry to sign lucrative deals with crypto-focused platforms like Bybit and Crypto.com. There are a number of inventive and forward-thinking businesses, such as Roobet, that have worked to create new and accessible online crypto gambling spaces. They’re called Crypto Casinos. 

Based solely online, these spaces allow members to privately play for entertainment. Everything is transacted seamlessly using cryptocurrencies, which is one of the reasons why people like myself see these as an extension or evolution of physical casinos. The use of cryptocurrency and blockchain technology allows users to see that games are safe and fair. Cryptocurrency transactions are registered within the framework of blockchain technology, increasing the levels of trust in operators and there is less room for foul play. 

Now players, like the OASIS gamers in Steven Spielberg’s futuristic blockbuster Ready Player One, can beam themselves into a virtual chamber from the safety and comfort of their homes. Crypto casinos can also be seen as another step towards the metaverse – a fascinating but somewhat nebulous destination that has widely been described as the future of the internet.

Of course, everyone doesn’t think this way. Radical change – in any context – is hardly (if ever) embraced by those who are invested in the status quo. Accordingly, crypto casinos, much like cryptocurrencies, have mostly been criticised for pushing the envelope too quickly. Indeed, there’s a tendency for some to portray all crypto innovators as daredevils flying too close to the sun. The reality, I would suggest though, is quite the opposite. Everything on this crypto geared landscape is in flux and it’s in our interest to experiment, explore – and in doing so – advance. 

BitcoinPoS will launch Cold Staking – A Safer Way to Generate Passive Income

Bitcoin Proof of Stake, an exciting new Peer-to-Peer Electronic Cash System, is launching one of the safest ways to generate passive income in cryptocurrency, Cold Staking! The company aims to develop a Bitcoin Proof of Stake consensus that will improve the original Proof of Work system.

What is Cold Staking?

Cold Staking is known as the newest method of staking coins without being under threat of attack, and that’s because it mostly uses an offline wallet to keep your coins. At the microeconomic level, it guarantees your money is protected from hackers most of the time, but it also protects the planet by using less energy.

What BitcoinPoS offers?

Bitcoin Proof of Stake – BitcoinPoS entered the cryptocurrency world in the beginning of May 2020. In just a few months, it already conquered the crypto enthusiasts, by focusing on two of the biggest technologies nowadays – Bitcoin Core and Proof of Stake.

With a team of dedicated employees who continuously develops solutions for improved safety, BitcoinPoS aims to migrate Bitcoin to a Proof of Stake consensus. This serves as proof that cryptocurrencies are gradually evolving.

And now they are ready to allow users to delegate the staking to third parties in a more secure way. The version of Cold Staking developed by BitcoinPoS will require two wallets:

  • The first one will hold the funds and receive the rewards, preferably by using a hardware technology, and the wallet does not need to be online all the time;
  • The second one will be the hot-node, which needs to be online 24/7

This will involve a hard fork of the blockchain and will be a mandatory update for all clients. With this feature, hot wallets will serve just to perform the staking operation, improving the safety of your income.

The advantages of Cold Staking

The idea of staking in general was extremely well received by the cryptocurrency community, being a way of generating extra income without using much energy, in opposition to mining.

The fact that you can earn transaction fees by participating in Staking Pools and get rewarded for it increased the popularity of cryptocurrencies. But with great income come great hackers, so the Cold Staking feature became a must in order to improve security and minimize risk.

Now you can safely store your coins in offline hardware wallets or air-gapped software wallets. It was about time for some gold armor!

Conclusion

Cryptocurrency began with the idea of giving people independence, and in just a decade it evolved according to their needs. Little by little, Bitcoin and altcoins are going to get the same power as the actual main currencies, and this process is happening right now. The new Cold Staking feature is proof that history books are still being written.

If you want to keep up with the BitcoinPoS updates, be sure to follow them on social media platforms!

Website: https://www.bitcoinpos.net/

Twitter: https://twitter.com/Bitcoin_PoS_

Blog: https://medium.com/@bitcoin_pos

Facebook: https://www.facebook.com/BitcoinPos-101794411541931

Something’s Big’s Happening: Typerium’s 100 Day Countdown

London – Something exciting is happening at Typerium, the blockchain company that wants to change the lives of creators. On Tuesday morning (GMT), Typerium’s main website (typerium.io) began redirecting to Typerium.com. At the new location, gone are the ethereal blues and futuristic graphics. In their place is a screen split between black and red, with a mysterious counter, ticking down from 100 days.

There’s a play button you can click on to hear an ominous drone, below it, the words “The #SECONDCOMING” in bold and underlined. The clock trickles down, second by second. Below it, another short blurb “When the clock hits zero, it’s time…” and a field where you can enter your email.

It’s all very eerie, leaving everyone wondering: What’s the countdown for?

At this stage, no one knows.

The Telegram, Instagram and Twitter feeds have also been posting about the cryptic countdown, but keeping quiet on the details. Since Typerium has always been known for its big ideas, we can only assume that it’s something huge.

What more could we expect from a company that’s building a multi-pronged platform that aims to revolutionise the creative world? With its intuitive design app, intellectual property protection, coin, marketplace and social media platform, Typerium has always thought on a grand scale.

As for the countdown? All we can do is speculate about what the company has in store for us.

The only way to find out is by waiting. So enter your email address for the notification, mark it on your calendar and set your alarms, because something exciting is happening.

If we got the maths right, then it’s the 29th of August, Thursday morning GMT, when everything will be revealed. Change is coming, but don’t hold your breath for the whole countdown — great things take time, and three months is a little too long to go without oxygen.

The clock is ticking… for the #SECONDCOMING.