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BCG chose Blockchain
This article explains what a Blockchain is and why BCG chose the Web3 gaming segment
Blockchain Games uses Web3 and blockchain technology to give players ownership of in-game items as well as their utility NFT. Knowing what this technology is can help a person better understand how they are able to own part of a game.
An NFT is a unique item that exists on a blockchain in limited supply. In the Gala Games ecosystem, NFTs are in-game items that can be collected, traded, or sold. NFTs are part of what will allow players to take control over ownership of their in-game items. Items, land, buildings, and just about anything you can think of that normally only retains value within one game will have the potential to add value to other games within the Gala Games ecosystem.
An example of a current NFT is Genesis, which is the avatar used in the game MAFAGAFO
NFTs are based on ERC 1155, ERC 721 or other ERC standards.
A blockchain is a system of recorded transactions that are kept on multiple computers connected in a peer-to-peer network. A peer-to-peer network is made up of individual computers that communicate with each other rather than a single entity.
A network controlled by a single entity would be similar to the grocery shopping process. After placing all the items in the shopping cart, the customer walks to the cash register and scans the items into the computer. All items purchased are cataloged in the invoice. The existing record contains information such as the time and date of purchase, what the price of each item is, and any other information the store wants to include. This information is stored in a database, but is private to the company.
TRANSPARENCY WILL BRING US TOGETHER BY BUILDING TRUST
A retailer keeps its information stored on its own centrally controlled private servers. This means that the public cannot audit any of the transactions, which means that fraud is possible.
Blockchain projects like Bitcoin fix these problems by handling transactions in a decentralized and public way. Computers all over the world process transactions in different decentralized projects. These transactions are accepted by your network and typically need to be approved by a 51% majority of devices on the network. This prevents a single entity from changing or deleting transactions on the network.
Public transactions allow anyone to review and audit a transaction and determine whether it is legitimate or not. They are the source of truth in this decentralized network.
Ethereum is another example of a blockchain. This blockchain handles the processing of the GALA token including any NFT items in the Gala Games ecosystem. There are Ethereum nodes all over the world that run on computers and secure the Ethereum blockchain. Owners running these nodes are paid a "gas rate", which is determined by the complexity of running a contract program. A gas fee is set by the Ethereum network and is separate from Gala Games.
OUR COMPANY ARISES WITH THE NEED TO ADJUST THE EXISTING TOKENOMY IN THE MAFAGAFO GAME AND CONTINUE THE GAME'S PRODUCTION
We will use Web3 technology to launch new games and high capitalization power of the company and appreciation of the $BCG governance currency, using the transparency of the blockchain.