Month: August 2018

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MOBILEGO

WHAT IS MOBILEGO?

MobileGo is a product of the Game Credit Mobile and Gaming Store. It was specifically created for the purpose of marketing, branding and development of applications on the Game Credit Mobile Store.

MobileGo is a digital coin that prevails game players the opportunity to buy game content and features. It is a smart token that aims to facilitate matches and tournaments between players through a decentralized platform. It is also for the purpose of gamifying the mobile platform, to encourage game players to partake through the use of rewards and for loyalty.

The centerpiece of the creation of MobileGo is the creation of a virtual marketplace for the selling and buying of game content and features between players, gamers are given the opportunity to play against one and the other and also to decentralize competitions and tournaments.

All these would be created on the Game Credit platform.

The Game Credit platform is one that provides varieties of games for users to chose from. The Game Credit platform has its own currency, used for payment and transactions. However, this coin is limited to an extent. This gave rise to the need for a smart token which would allow for decentralization which would provide solutions to the numerous problems facing the gaming sector. This is where the MobileGo token comes in. The token is an ERC-20 token created for the implementation of the Ethereum smart contract technology on the Game Credit Platform.

MobileGo is built on two blockchains namely

  • Waves Blockchain

The wave blockchain is a very attractive blockchain. It provides the users with a universal chrome wallet and user interface that is very easy to use. It also allows users the ability to make use of fiat currency and the simple token issuance.

  • Ethereum Blockchain

The Ethereum smart contract is what would be used to decentralized the gaming sector. The major aim is to assist in the branding and marketing of Game Credit and also to develop the use of the smart contract on the Game Credit platform by employing the Ethereum blockchain. With this, players are given full control, rewards are incorporated into tournaments.

 

WHAT PROBLEM DOES IT SOLVE?

The gaming industry is plagued with varieties of challenges which the MobileGo aims to solve.

These challenges revolve around the revenue gotten from the game ranging from allocation to payment methods to time frame. Being a subsidiary of the game credit platform, the MobileGo aims to provide the solution for the following participants in the platform. They include:

 

  • Game Players

Game players are always victims of insecurity, information loss, anonymity, slow transaction speed and many others in traditional platforms. This is because these traditional platforms have always operated a centralized system. Most times, there are cases of hack where the system is affected and money is lost. This leads to the inability of the platform to make refunds to the participants of their platforms. The difficulty that comes with transferring of credits and money from a game to the other scares most of them away as they would always have to make payment through their banks to make a purchase on the game.

  • Game Developers

Developers go through rigorous issues with publishing sites like the play store or app store. These platforms take a huge percentage of the total purchase of game application sold. These platforms receive about 30% money earned. Aside from the huge chunk of money allocated to the publishing firms, the developers have to wait for about two months before any of their earnings can be allocated to them. Developers also face challenges as regards fake payment made by some customers reducing the expected income of these developers.

Also, the MobileGo platform aims to bring esports to every nook and cranny of the world rather than just the elites. Gamers would be able to participate to make a living for themselves through the reward system and betting platform. Everyone would have the privilege and the opportunity to showcase their abilities and skills.

 

HOW DOES MOBILEGO SOLVE THE PROBLEM?

The main objective of the MobileGo is to decentralize the gaming industry through the use of the blockchain smart contract. MobileGo is a smart token created to help in funding the game credit mobile store and to decentralize the game market. Smart contracts are the automated machine that executes agreements.

This eliminates the presence of an unreliable third party to bring players in contact with one and the other and developers together with their customers. Now, a gamer can join a competition using the smart contract.

The smart contract technology provides a virtual exchange system, player-player wager competition, and player run wager competition. For the game players, the smart contract provides security and protects their anonymity.

There is no possible chance through which the platform can be hacked because of the blockchain technology. Information is immutable and cannot be tampered with. Payment is also done easier and faster as the MobileGo platform givers users varieties of payment options to choose from. More so, the MobileGo gives room for unlimited deposits.

For Game developers, the MobileGo platform implements a model of which just 10% of the total revenue would be collected from the developers, unlike other stores that get 30%. Much more, through the smart contract, pay-outs would be done in less than 60 minutes.

This is possible based on the amount of speed through which the smart contract process transactions. All the developer has to do is connect his wallet to the smart contract and every purchase made goes into the wallet.

Also, in terms of updates and new releases, there is no need to wait for any third party to add the update for you as all that is needed is that you upload it yourself through the smart contract.

Majorly, every challenge that is faced by the game industry carefully catered for by the smart contract through the decentralization of the platform.

 

WHAT MAKES MOBILEGO BETTER THAN ITS COMPETITORS?

One major difference of MobileGo against its competition is the fact that MobileGo was created by the same team that created Game Credit. The MobileGo token and GAME token are for the same platform but for different purposes.

Through the implementation of the MobileGo smart token, the Game Credit platform is gamified. This gamification brings about competition between players and in the course of this competition, users are rewarded based on performance, referrals and ranking.

The MobileGo is better than its competitors because it takes into consideration the outlook of the platform and also the decentralization of the platform through the implementation of two different blockchains. The waves blockchain is implemented to provide an intuitive and easy to use UI and also a chrome wallet. The Ethereum blockchain, on the other hand, was employed to create a decentralized market place and competition.

This way, security is guaranteed and the presence of a third party is needless.

The platform demands just 10% of the revenue from the game developers as compared to other platforms that demand 30% of the total revenue. This way, game developers are encouraged to provide their games for public consumption and still get the best from it. Also, the smart contract provides speedy transaction such that developers do not have to wait for 60 days for payment as witnessed in other platforms rather, MobileGo offers developers barely less than 60 minutes.

The decentralization of the Game Credit platform enhances the security level of the platform. There is no possibility of a hack neither is it possible to forge a transaction or to get the game illegally as seen in traditional platforms.

 

HOW CAN MOBILEGO BE CATEGORIZED?

MobileGo can be categorized into the following:

  • Market Place

A marketplace is where buying and selling take place. On the platform, there is the buying and selling of games and its features. Also, there is an interaction between developers and game players and that is what a market entails. Through MobileGo, there is the shift from a centralized marketplace to a decentralized marketplace i.e. there is the elimination of a middleman to handle any transaction as every transaction is automated through the smart contract. As a result, there is a low possibility of a hack or theft. The MobileGo token is the most important thing in the decentralized marketplace. With the token, gamers/users can exchange digital items between one another from games. Every trade is carried out on the Ethereum blockchain.

  • Gambling

One major feature of the MobileGo is that it facilitates peer-to-peer gambling between users. The aim of the platform is that game players come together to compete against the other. At times, it could be a face-off between two contending champions or a match could just be organized to determine who is better than the other. In the course of this, the two players could make a stake of which the winner would go home with or the audiences can stake their cash on the best person to win. In centralized gambling, there is usually the case of money loss, late payment, no payment, system hack, fraud and a couple other vices. With the MobileGo smart token, decentralization prevents all of these vices, bringing security and a faster payment method to the platform.

  • Gaming

The MobileGo platform is developed to support the gaming industry. One of the major function of the token is for the gamification of the mobile platform. By gamification, we mean giving players the opportunity to create or start competitions and in the course of this competition, players are rewarded based on performance, referrals and ranking. The platform aims to solve the numerous problems facing gamers and game developers through the use of the smart contract.

 

WHAT IS MOBILEGO VISION ON SECURITY

MobileGo vision towards security is seen in their employment of a dual blockchain. They are the first token to employ the use of the Ethereum and waves blockchain simultaneously. They both provide the platform with a locked wallet, web interface and the smart contract. Tokens bought on the Ether is released to the users on the Ethereum side while tokens purchased with BTC, WAVES or GAME would be released on wave’s wallet. This ensures that there is no room for double-spending neither is there a possibility of loss of fund.

The use of the blockchain brings about a decentralization of the gaming platform and as such, excludes the presence of third party. The third party has always been the cause of the issue in the game industry as it gave room for fraud, loss of funds, hack, etc. The blockchain brings about automation in payment as there is no possibility of a fraud or hack.

Also, the dual blockchain gives room for redundancy which is another security advantage. This means that if there is ever an occurrence of a technical issue on any of the blockchain, the MobileGo token can fully adopt the functional blockchain. In such situation, users would just need to provide a proof of ownership which would be verified on the blockchain and token would be issued back to the users.

 

EXAMPLE OF MOBILEGO USE CASES/ APPLICATIONS

The MobileGo platform has two major use cases and they are:

  • Gaming Industry

Through the use of the MobileGo smart token, the gaming industry is decentralized eliminating the presence of any third party using the Ethereum blockchain. The MobileGo platform is employed to gamify the game credit store. This way, gamers have the ability to create and enter competitions, for reward and also for loyalty sake. Also, the implementation of the token would help increase the popularity of the game credit platform through branding and marketing.

  • Currency

The MobileGo token is also a currency. It is used by the platform for the purchase of in game features. It can also be used for the sake of investment as there is no way a person can become a participant except through the use of the token. The higher the demand of the token based on the prospect of the platform, the higher the value of the token.

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Lisk

What is Lisk?

Lisk is an open source blockchain platform where users can build decentralized apps in JavaScript.  Developers on Lisk can build their own sidechains, which are connected to the main network. In fact, the sidechains can also have their own unique tokens.

The platform is easy to use, and it is one of the most well-rounded blockchain ecosystems. Other than building apps, developers on Lisk can also distribute, publish and monetize their work, taking advantage of the best cloud storage, blockchain smart contracts, and computing nodes, all brought together under one roof.

The Lisk backend is written in Node.js, while the frontend is in HTML5 and CSS3. It is built to work asynchronously, processing functions very fast, including network transactions. Lisk is all about innovation. It was the first decentralized blockchain platform that was completely written in Node.js. The idea behind this was to make this a safe place for developers without requiring additional skills. A web developer who is skilled in JavaScript and Node.js can come on board and start building apps right away.

The goal behind making Lisk easily accessible to developers is to build a plug and play system which becomes a platform where they can do everything in one place. From design and development, developers have all the tools to publicize and monetize their work. They are also able to deploy apps faster; all the while backed and supported by the security and integrity of this blockchain.

All the cloud functions that are performed on Lisk are undertaken by Lisk delegates and users. For their resources, they are paid through an invoice system that is built into Lisk, either in BTC or LSK. Lisk, therefore, is a complete, one-stop platform for app development which provides users with efficient solutions.

What is the problem that Lisk Solves?

Lisk is all about accessibility. This has always been a problem in so many of the blockchain platforms we have in the industry. Bitcoin, for example, runs on C++. Therefore, for you to use and enjoy the full threshold of Bitcoin, you would need to learn C++. The same applies to Ethereum, which runs on Solidity. This makes such platforms a preserve of the few who can master these languages.

The issue of scalability also arises in Lisk. Most blockchain platforms are not fully scalable. Lisk uses sidechains. The sidechains are built independently of the main chain. Therefore, if there is any problem that affects any of the sidechains, this would not be replicated to the main chain. In retrospect, this is also a security feature that protects the Lisk ecosystem if one of the sidechains in the network is under siege.

How does Lisk Solve the problem?

Users on Lisk who have the Lisk wallets and use the LSK token often receive regular updates on improvements and upgrades in the ecosystem. In fact, the team behind Lisk works hard, pushing their limits to make Lisk one of the most successful and competitive blockchain platforms.

Lisk also has a wide community of users, spread across different social networks, including Facebook, Reddit, and Twitter. Here, users can engage one another, learn more about the platform, changes, upgrades, risks and anything else that might affect their experience on Lisk. By keeping people informed, Lisk has a solid backing in the crypto community, which is a good way of keeping it alive, and a boost to the future outlook of the blockchain.

Lisk has been highly decentralized, and this serves different purposes. The most important of all is that it is virtually impossible, even theoretically, to overload Lisk with too many transactions. It is fully scalable and can handle as many transactions as possible.

What makes Lisk better than the competitors?

There are lots of cryptocurrencies out there. The choice of which one to choose depends on the unique features it has, and what you are looking for as an investor. The following are some of the advantages that Lisk has over the competition:

Anonymous Transactions

Anonymity on the internet has been termed a myth by so many people in the past. However, with Lisk, and blockchain technology, in particular, this has come to pass. When using Lisk, you can make your transactions completely anonymous, free from the risk of unmasking.

Whatever you are doing on the network, whether you are trading in the exchanges or sending and receiving money, all this is anonymous, and your details cannot be discovered. The principle of anonymity on Lisk has also been praised by traders because buyers are now able to avoid chargebacks.

With anonymity comes the freedom to go about your life and business online without worrying about third-party seizure. In traditional environments like the legacy banking system, the whiff of a lawsuit usually has your bank presenting all the records they hold in your name. Besides, someone always knows how much money you have in your account, which makes you a target for swindling, and other types of scams that are run efficiently in the normal banking systems. When you join Lisk, no one will ever know the amount of funds that you have on the network or even your account details.

The Case for JavaScript

The choice of JavaScript is one that has been lauded by developers and critics alike. JavaScript is one of the most widely used and accepted languages all over the world. When you join Lisk, you do not even have to learn a new language. You simply come on board with the knowledge you have and use the resources available at your disposal to keep doing what you do best.

When you join Ethereum, for example, you have to learn Solidity, the language recommended for use in the Ethereum network. For some people, this might be too much work. You might be at that point in your life as a developer where you do not want to learn a new language, but want to keep getting better at the ones you are comfortable with.

Freedom

There is a lot more to investing in cryptocurrency than just buying and hoarding, waiting for the right time to sell and make a kill. When you join Lisk, you are free to build your own blockchain within the network. In fact, you can also create tokens specific to your blockchain. This is ideal for entities and companies that want to maintain their brand, or individuals who are creative and want to build the next big thing.

The traditional banking system has a lot of restrictions. There are a lot of things that you cannot be able to do at your convenience. Take sending and receiving money, for example. You cannot do that once the banks have closed business for the day. You cannot perform transactions at night, during the holidays or on weekends.

However, when you join Lisk, these are things you no longer have to worry about. You are in complete control. The only thing you need is the public address for whomever you are doing business with, sufficient LSK and you can go ahead and send funds irrespective of the calendar date or time of the day.

Using Sidechains

Developers on Lisk can create sidechains for their products. Sidechains are independent blockchains, but they are linked to the main chain in a unique way. The nature of sidechains is that should they be compromised they cannot interfere with the performance of speed of the main chain. Therefore, any problem with a sidechain becomes an isolated case. This is one way of making all the apps that run on Lisk independent and decentralized.

Future Outlook

There are very strong aspects of Lisk that can carry it through into the future. It is properly funded and has a committed team of developers. Lisk also takes care of the utility aspect because it provides an avenue through which other blockchain applications can be built. Therefore, the LSK token serves multiple uses, including the transfer of value into and out of the blockchain, running an ICO and managing delegates.

How can Lisk be categorized?

Lisk is an app development platform that serves the same role that Apple’s App Store and Google Play Store do. It is a blockchain platform where developers can create and distribute apps to the masses. One of the biggest differences between Lisk and the likes of Google and Apple is that while they have complete control over their app stores, Lisk is decentralized, distributed and runs in multiple computers all over the world, on the public blockchain.

What’s Lisk’s vision on Security?

To protect the Lisk ecosystem, this blockchain uses cryptographic hashing and elliptic curve cryptography. In this network, you will have a key pair, which contains a public and private key. Private keys are a string of alphanumerical digits only known to the owner. Public keys, on the other hand, are derived from private keys and are often used for validation, to prove the ownership of the private keys, without accessing the private keys. Cryptographically secure key pairs are generated through elliptic curve cryptography.

Second Paraphrase

The second paraphrase is an additional security layer that is used to bolster the security of the Lisk blockchain. Users can register a second paraphrase that is associated with their account. Upon doing this, any other transaction must be signed through the second paraphrase before it can be validated. The same process is used to generate the second key pair and the initial key pair.

Multisignature Accounts

The use of multisignature accounts is another way to enhance security, which has been used by a lot of blockchain platforms. This is an account where different keys are needed to validate and authorize transactions. It is a feature that can be enabled by any user on their accounts. To do this, you have to issue a special transaction that specifies a group of a number of keys (n) and the minimum number of signatures (m) that must be provided for transactions to be authorized.

Having done this, any transaction that emanates from your account must be signed by at least m out of n of the keys specified before it can be authorized and processed.

In terms of security, Lisk is one of the most secure blockchain platforms you will come across. To protect user wallets, Lisk created their own unique wallet, Lisk Nano. They also use delegated proof of stake algorithm.

Examples of Lisk use cases/applications

Microsoft

Tech giants Microsoft have partnered with Lisk in a bid to bring the Microsoft development platform, Azure into the fold. This means that Microsoft developers are now able to harness the best of two worlds in one place.

Lisk Explorer

This is a tool that was designed to enable users to visualize and present information on the blockchain. Through Lisk Explorer, users are able to access present and historical information, allowing the clients the best view so far, of the data they have been using.

Explorer has components like Delegate Monitor and Network Monitor that show users the current status of the entire Lisk ecosystem. This is useful in gathering information about unique transactions or blocks in the network, and general information about the status of the network and its delegates.

Mainnet

This is the heart of the Lisk economy. It is a network where users can transfer their tokens between accounts. This is also where they register as delegates, register decentralized apps and vote for other delegates.

Testnet

Testnet is a replica of Mainnet. However, it is used as a testing laboratory where upgrades are put on trial before they are pushed to Mainnet. It is a testing module for fixes and new versions of Lisk Core.

Lisk Hub

This is a solution that allows users to manage their Lisk ID, send and access the tokens, and vote for Lisk delegates. It is a combination of a blockchain explorer and a wallet. There are plans in the future, to include a decentralized exchange in Lisk Hub. Other than that, users will also be able to launch their ICOs, and register sidechains through Lisk Hub.

Resources

https://github.com/slasheks/lisk-whitepaper/blob/development/LiskWhitepaper.md

https://lisk.io/documentation

https://blog.lisk.io/

https://lisk.io/

https://coincheckup.com/coins/Lisk