GAIMIN : The platform to earn when gaming
Introduction
Blockchain Technology is as community-oriented open source initiatives that allows each members of the decentralized network have free will over their decisions, unlike authority as in the case of centralized exchange where a governing body give rules and autorities. The working of a centralized exchange is in direct contradiction to the community driven ideas of the Blockchain Technology.
My understanding of blockchain technology enlightened me to know that it's entirely trust worthy, ensure security, improved trace-ability of transactions, is more efficiency and fast. crypto currency is build to allow instant, secure, anonymous and peer-peer payments all over the world and helps to prevent corruption and other money laundering related activities. This helped in my conclusion in following the path of this new innovative fiscal method.
2019 marked 10years since introduction of Bitcoin—the first ever decentralized cryptocurrency and the first used case of Blockchain, was unveiled. technically, Blockchain solved the decades-long double spending issues faced that had stopped cryptocurrencies from being created and deployed. Many people, doubted its potentials when it was initially lunched.
Its interesting to know that the basic features of cryptocurrency is that it can’t be controlled by any middlemen or authorities. block chain makes digital identity and record keeping better and so people can create an encrypted digital hub where they can store their personal digital information, being completely in control and giving or revoking access to it.
As a gamer using my PC to play my favorite games requires high processing power, it is always a challenge in the earlier years, hence i know how frustrating it can be. Then i came across the idea of Gaimin. Gaimin first identified a problem facing gamer in the aspect of high graphic games GPU, Gaimin identified that the demand for computing power is growing even faster than the progress in processor performance. New technologies are accelerating global demand. Data centers cannot keep up where GPUs, ultra-fast graphics processors, can provide a solution.
Gaimin then founded a solution to this gaming issue that I think was brilliant and will individually solve the processor performance global demand, on and individual level. Gamers are to be rewarded by connecting their GPU to Gaimin.io “processor power supply network” with the Gaimin.io GMRX crypto token which they can spend on their gaming purchases directly on our digital asset exchange. I this this is an exciting introduction to the block chain industries that targets gamer.
How Gaimin work
As a user (gamer), I will be rewarded for connecting my PC’s processing power to the “Gaimin.io Processing Power Supply Network” via the GMRX native Gaimin.io blockchain token which I can then use in the Gaimin.io community for “user-to-user” transactions (buy, sell, rent) on the Gaimin.io marketplace to purchase digital gaming assets.
In order to develop the software to its current Alpha phase and test the platform with real-world data, the development team focussed fully on blockchain mining for monetization. This allowed Gaimin.io to fully test the concept via a 100 user Alpha test which provided sufficient real-world data to verify the project concept.
The rest of this product section is dedicated to how the Gaimin.io platform will monetize users processing resources via blockchain mining.
The Gaimin.io platform offers a solution to one of the gamers’ biggest problems; that of how they can fund their gaming experience. It is free to download, install and use. The user never has to enter any payment information. There is a payment subscription, however it is only applied to users who ”earn” rewards, it is only ever a fraction of their earned rewards, and it is paid automatically in GMRX tokens from the gamer’s wallet. Therefore, the software is effectively free to use.
The Gaimin.io project connects the world’s largest supply of distributed GPU processing power, which belongs to the 1.3 billion gaming PCs in the global gaming community, with the rapidly growing, worldwide demand for massive processing power.
WHY I WILL CHOOSE GAIMIN ( ADVANTAGES IN BLOCKCHAIN TECHNOLOGY )
The Gaimin.io software has been built from the ground up for large scale adoption due to the sheer size and demographics of the globally distributed gaming community. With this in mind, the key factors are reliability, speed, scalability, security, efficiency in storage and throughput, and future adaptability for uses beyond “stage one” of blockchain mining (future uses include CGI rendering and other GPU heavy processes). Because different hardware has different effectiveness for different mining algorithms it is important to find the best algorithm (coin for mining) for specific PC.
The gaimin runs on the EOS blockchain and hence, the EOS bring along with it a certain advantage.
EOS is different from Ethereum in the way that you do not actually spend anything to run a dApp, you only have to stake it. And you'll get it back when you are done with your dApp. It is an attractive model for sure. Regardless you have to purchase coins to stake them.
Very Highly Suited to Gaming
Future Gaimin.io plans include the creation of digital gaming assets which makes EOS highly suited to current and future needs
High Transaction Speeds and Scalability
Transaction Costs (Almost) Free.
Unlike Ethereum, on the EOS blockchain users do not need to pay in order to use your smart contract, instead, you have to stake your EOS tokens in order to receive Bandwidth, CPU, and Storage for your smart contract.
Huge Community
EOS has global communities, they are building huge developers’ centers globally with passionate young skilled developers.
Flexibility
One of the most genius aspects of EOS is its flexibility and ability to evolve.
Financially Very Strong
Block.one is good for $12 billion and EOS is the most funded project in Blockchain.
The decision will be pushed to the desktop app. About digital game assets. (DGA) An integration with gaming distribution companies and DGA marketplaces will allowusers to use GMRX tokens to buy, sell, and rent DGA. The assets will be stored in Gaimin GMRX wallet.
All transactions in GMRX, full integration with community and marketplace
Deployment on EOS
Huge Community
EOS has global communities, they are building huge developers’ centers globally with
passionate young skilled developers.
Flexibility
One of the most genius aspects of EOS is its flexibility and ability to evolve.
Financially Very Strong
Block.one is good for $12 billion and EOS is the most funded project in Blockchain
Easy Account Recovery (Seed Words)
The general concept is that every account will have three special permissions: owner, active, and recovery. You will be able to choose recovery partners you trust (friends/family) who will be able to update the active authority and grant you access back into your account.
As long as you specify some friends and family you trust to return your account to you if you lose your keys, then you never have to worry about getting locked out forever. This is made possible through Authorization delays and Deferred Transactions on the EOSIO blockchain. I find this is ideal for gamers as users.
Finally this a great opportunity for a gamers to take advantage of blockchain technology to make life easier and more fun with gaimin experience. for more in dept understanding of the platform please visit the gaimin website or reed the white paper.
website: https://gaimin.io/
white paper : https://gaimin.io/wp-content/uploads/2019/07/Gaimin.io-Project-Whitepaper.pdf
bounty0x profile : sobaint1
eth address : 0xd1E7Ff1cf68b9935C7e1aF2a3936bB5e487B0FF6