With the advent of 2019 and digital currencies, blockchains and other cryptographic technologies have gradually become a global discussion That applies to many areas, including economics, sociology, and politics. Blockchains and digital currencies are of utmost concern to the public, due to their potential impact on social development. Given the backdrop of technological constraints, increasing resource consumption, an aging population, and geopolitical tensions, government-driven approaches to productivity will likely change in some industries. Accordingly, monetary systems could also change from “government-fiat currency” to “non-governmental productivity organizers – multiple consensus currencies”.
Cocos-BCX (Cocos) believes decentralized social forms and economic systems based on blockchain technology would emerge in response to changes in production processes, populations, and industries in certain parts of the world. In the future, blockchain is the foundation for digital currencies and blockchain economics. It is one of the Cocos-BCX (Cocos) project’s goals to research and develop solutions for existing problems in blockchain games.
Cocos-BCX, short for Cocos BlockChain Expedition.
Cocos-BCX expects to solve the following problems:
A key objective of Cocos-BCX is to provide game developers with easier-to-use, blockchain-enabled gaming infrastructures, such as a graphical guided development kit and blockchain-based ecosystem. A blockchain game can be easily designed as a graphical application without requiring developers to learn a lot of technical details, making the process far more efficient.
To provide gamers with a just, fair, and open gaming environment that contains data transparency and clearly defined rules, free from items dropping as a result of behind-the-scenes manipulations and consumerism, enabling players to save their assets permanently, securely, and decentralized.
Using blockchain technology and an economic model based on digital assets, we hope to ensure developers and gamers can receive a consistent benefit.
To provide convenient, decentralized channels for the distribution of games, and to help game developers Assetize the content they produce for sustainable earnings.
Players will be able to transform the data generated by their time and energy, as well as the items they consume, into assets that can be stored, managed, and circulated. This will give the players the right to monetize those assets.
Four Stages Of Blockchain Gaming On Cocos-Bcx List
Using Fungible Tokens to Measure In-Game Economy
The ERC20 homogeneous asset standard of the Ethereum system was originally used to settle the in-game currencies in blockchain games. Several blockchain projects have adopted the standard. Several projects deploy Ethereum’s ERC 20 tokens, which are easily exchangeable and more suited to DApps’ key functionality. Through a blockchain explorer, for example, the holder of the asset can track how it moves through multiple platforms, including the address and amount of each asset.
Access To Free Asset and Game Exchange
A fungible token can only be released using ERC20, which represents various fungible items. During circulation or use, this identifies whether items or quantities are interchangeable. Due to this, the project’s asset can only be used to convey a single value, such as a digital asset, digital security, or a score. However, a person, thing, or item with unique features cannot be quantified by a fungible token, despite the fact that their value can be substituted by any digital asset.
ERC-721 is the standard for non-fungible tokens in Ethereum’s improvement proposal (EIP).
COCOS applications are based on the BCX-NHAS-1808 standard, a non-homogeneous digital asset standard, and are based around decentralized ledger technology. Non-homogeneous digital assets can be circulated on any platform, determining the value of the asset by its scarcity and uniqueness, such as equipment, props, and high-level user accounts.
Blockchain-Based Game Algorithms
During the development of on-chain games, the basic setup and required algorithms will be made available through blocks seen as a contract or an easy-to-create data structure that is easy to convey so that everyone can see the results and ensure fairness. It will include value logic such as the probability of Gashapon, the setting of the enemies in the role-playing game, loot box drops, and card dealing rules, which will all be recorded into the blockchain, thus ensuring a fair game and openness, transparency, and immutability. Through this feature, players are effectively relieved of the fear of game fraud, allowing them to play with more confidence and be more actively involved, thereby helping develop a strong community.
Running The Entire Game On a Blockchain
It is a great achievement for the industry when the entire content of a game runs on blockchain. The game logic is implemented on the blockchain, while data is transmitted and stored on a decentralized network, rendering the game itself to be a contract. In order to operate the game effectively, an integrated operating environment with the lowest latency paired with light blockchain nodes is imperative, although technical solutions for the future are not yet available.
During the next phase, Cocos-BCX plans to provide a full range of products and services, including:
Taking a light approach to full node environments for gamers
A blockchain-enabled service stack
Game engines as node infrastructures
Development and debugging tool with a blockchain interoperable engine, visual IDE, and visualization.
A trusty virtual machine executed by the engine by means of a game code (contract)
Cocos-BCX will be a complete runtime environment that supports multisystem gaming, offering developers an improved ecosystem and a more convenient experience for building blockchain games, as well as presenting a new gaming experience and forms completely different from those found in the past. A fair and open gaming environment will be available to users, allowing them to dispose of game assets to their hearts’ content.