Blockchain games are becoming increasingly popular, and for many players they offer a unique experience in terms of decentralization, interoperability and increased security.
Knowing the pros and cons before starting blockchain-based gaming will help you make an informed decision. There are potential risks, such as security issues, slow transaction times, and high transaction costs, so be sure to do your research before diving into the world of blockchain gaming.
Let’s look at the advantages and disadvantages of blockchain-based games:
Benefits
1. Real ownership of assets
One of the significant benefits of blockchain games is that they give users actual ownership of virtual assets. In a traditional game, all your purchases are stored on the host’s server and you own nothing.
Blockchain-based games allow you to store your assets on a secure and immutable ledger, so they cannot be taken from you or manipulated by anyone else.
2. Probably fair gameplay
Another advantage of blockchain games is that they offer fair play, meaning that the outcome of a game is verifiable and cannot be rigged.
Fairness is built into the blockchain code, and users can trust that their gaming experience will be safe and reliable. The fact that these games are built on a decentralized network further adds to this element of trust, as players know that their data will not be compromised or misused.
3. Censor resistance
Blockchain games also offer more censorship resistance than traditional games. This is because blockchain technology is decentralized, and the data is immutable, meaning it cannot be disabled or changed by any single entity (such as a government or company).
This level of decentralization ensures that players have unlimited access to the games they want to play and allows them to contribute to the development of the blockchain without fear of any kind of control or unwarranted censorship.
4. No infrastructure to manage
Blockchain gaming offers a major advantage over traditional online gaming; they don’t require you to manage any kind of infrastructure. Setting up and maintaining a server for traditional online gaming is extremely time consuming and expensive.
With blockchain games, the entire system is managed by the blockchain, so there is no need to worry about servers or other hardware. This simplifies the process of getting started and allows players to access their favorite titles from anywhere with an Internet connection.
5. Ability to obtain crypto through gameplay
One of the biggest benefits of playing blockchain games is earning cryptocurrency while playing. Since the game is based on a blockchain, players have access to a digital wallet that can store in-game tokens or other virtual assets.
This allows players to earn and spend cryptocurrency without buying it directly. In addition, there are many ways for players to monetize their gaming experience through blockchain gaming, such as by participating in tournaments or completing special tasks or achievements.
Disadvantages
1. High fees and poor uptime
As with all digital transactions, blockchain gambling can incur high fees and poor uptime. This can be caused by network traffic or fluctuations in cryptocurrency values. The higher the fee associated with a transaction, the longer it may take for the transaction to go through, resulting in delays and unresponsive gaming experiences.
Additionally, some game developers have not taken the time to implement proper backup protocols to ensure timely access to their games. Therefore, remember that you may experience downtime when playing blockchain games.
2. Low playability levels and limited games
Another potential disadvantage of blockchain gaming is the low level of gaming ability of some players and the limited number of games available. Since crypto games are still relatively new, there is a smaller pool of experienced players to compete with, as well as fewer games in development.
This can lead to unsatisfactory gaming experiences among newer players who may be unsure of how to play the game correctly. In addition, varying levels of developer activity can make it difficult for players to access the latest version of the game.
3. Lack of liquidity in the game due to lack of active players
One of the more common pros of blockchain games is their ability to give players real in-game assets. Despite this, the lack of active players can also be a disadvantage.
With fewer active players, there is less chance of them needing to buy items from each other. This can result in fewer trading opportunities and environmental instability as not enough players participate in the game.
4. Limited audience appeal with blockchain games playing a niche market so far
Despite the impressive potential of blockchain games, many players either do not understand the technology behind them or simply do not believe that they are worth the effort. As a result, blockchain games may have limited appeal and attract only certain players. This lack of widespread acceptance can seriously dampen adoption and limit use in the long term.
5. High security risk as hackers target blockchain games for assets like crypto tokens
While blockchain technology is highly secure, any platform that stores personal crypto tokens or Ethereum addresses is vulnerable to hackers and malicious attacks. The anonymity of blockchain also makes it difficult to track back these users after security breaches or theft of digital items.
There have already been several incidents where hackers have stolen millions of dollars worth of cryptocurrency from blockchain games. Because of this, players of blockchain games should be aware of possible risks.
Conclusion
It is important to consider the pros and cons of blockchain gaming before starting. The pros and cons of blockchain gaming should be carefully weighed before deciding whether to invest.
The true value of NFT games relies on the community. The larger the community, the better it is likely to succeed. Players can decide whether to participate in blockchain games based on their knowledge of their benefits and considerations.
