For one of our current clients, we have provided a completely decentralized gaming platform built onto of the ethereum blockchain integrating tokens and smart contracts using the ERC20 standard.
ERC20 is an ethereum token standard that would allow smart contracts to operate as tradable tokens similar. These tokens are fungible which means they are interchangeable. They can represent assets and/ or tradable good such as IOUS, loyalty points or in-app currency (in this case gaming coins).
A protocol used to digitally verify and enforce a contract, these allow transactions of data without the need for a middleman. Smart contracts are executed autonomously when certain conditions are met.
We provide solution and advisory to turn traditional streaming network into decentralized streaming network,
which can reduce network costs by using blockchain technology,
leverage unused resources around the globe through a network of computers to host video content,
therefore, we do not need a centralized server anymore.
It is a fully autonomous streaming network. Streamers can earn tokens by hosting videos on their nodes* while users can pay tokens to streamers as a gift.
*Nodes are connected computers what receive a copy of the blockchain which has all the historical data of all events that has happened on the network.
Cryptocurrency will be recognized as a far better payment method than the traditional one.
This solution provided to one of our clients included an APP and online API connection for merchants to make real-time exchange transactions from global exchanges with real-time ask and bid prices.
Gas is a small amount to spend on using the computation power on Ethererum blockchain. It is also known as the execution fee. Its price is expressed in ether and decided by the miners.