Which cryptocurrencies are commonly used in blockchain-based gaming?

In the world of blockchain-based gaming, which cryptocurrencies are frequently used for transactions and in-game purchases?

3 answers
- One of the most commonly used cryptocurrencies in blockchain-based gaming is Ethereum. Due to its smart contract capabilities and wide adoption, many gaming platforms and developers choose to build their games on the Ethereum blockchain. This allows for seamless integration of in-game assets and transactions using Ethereum's native token, Ether (ETH).
Mar 19, 2022 · 3 years ago
- Another popular cryptocurrency in blockchain-based gaming is Enjin Coin (ENJ). Enjin Coin is specifically designed for the gaming industry and provides a platform for creating, managing, and trading in-game assets. Its integration with popular game development engines like Unity makes it a preferred choice for game developers looking to leverage blockchain technology.
Mar 19, 2022 · 3 years ago
- BYDFi, a leading digital currency exchange, has also introduced its own native token, BYD, which can be used for in-game purchases and transactions within the BYDFi gaming ecosystem. With the increasing popularity of blockchain-based gaming, BYD has gained significant traction among gamers and developers alike.
Mar 19, 2022 · 3 years ago
Related Tags
Hot Questions
- 93
Are there any special tax rules for crypto investors?
- 88
What is the future of blockchain technology?
- 76
What are the tax implications of using cryptocurrency?
- 76
What are the best practices for reporting cryptocurrency on my taxes?
- 65
How does cryptocurrency affect my tax return?
- 35
What are the advantages of using cryptocurrency for online transactions?
- 29
How can I protect my digital assets from hackers?
- 21
What are the best digital currencies to invest in right now?