In the days when crypto currencies started to rise again, everyone started to look at this area once again.
The most important point here is the promises made by Donald Trump, who was re-elected as the President of the United States, about Bitcoin. After these words and the announcement that Trump won the election, cryptocurrencies entered a new bull season.
With the rise of cryptocurrencies, blockchain technology, companies accepting cryptocurrencies and gaming companies have come to the fore. The most known crypto casino www.roobet.comApart from the sites that sell some computer game items with crypto, it is also among the topics discussed whether games can be purchased with crypto via Stream.
In fact, since 2017, many large companies have been trying to sell with cryptocurrencies, especially Bitcoin. It was reported that companies such as McDonald’s, Tesla and Adidas had prepared the infrastructure for shopping with cryptocurrencies for a while.
Among these companies, only Tesla allows shopping with Dogecoin. Buyers with enough Dogecoin can buy a Tesla after transferring the money to the specified wallet. Elon Musk had previously announced that they would sell cars with Bitcoin, but later stated that he gave up this idea, citing the impact on the environment.
Cryptocurrencies in the gaming industry
Looking at the times when Bitcoin was first released, it seems that it was used to buy products sold on the Silk Road. Afterwards, it was discussed for a long time whether Bitcoin helped outlaws, money launderers and drug dealers.
Despite all this, Bitcoin continued to exist and rose even more with each bull season. Due to its relationship with technology, cryptocurrencies have always been closely watched by the gaming industry. In fact, it has sometimes been seen that some items of games such as Counter Strike and World of Warcraft are sold with crypto currencies on the internet.
In the bull season of 2021, game projects on blockchain emerged, especially as NFTs came to the fore and Metaverse created hype.
In the early days, the main logic of these games was that they could be played when wearing VR glasses and would create the feeling of being in a real environment in a short time. However, it quickly became clear that this was not so easy. While many projects were canceled for this reason, many articles continued. They can also be played on the computer.
The difference brought by blockchain
Security comes to the fore in everything related to technology. One of the most important innovations brought by blockchain technology is security. Internet pages, now called web2, are connected to a server. If there was a problem with this server, it was possible for all information to be lost. Hackers can get all the information when they infiltrate the server.
This is not possible in blockchain technology called Web3. In order for information to be lost or hacked, more than half of the computers in the chain must be accessed at the same time. Once all these computers are infiltrated, the information can be changed or stolen. This shows how secure blockchain technology is.
It is true that today’s gaming technology needs such security. As a result, it is possible to steal the highest ranked accounts in known games. Such a situation puts professional players in a very difficult situation.
Even though he is not a professional, no one wants to lose the game for which he has devoted time and even made some purchases. A security problem in any game will affect not only that game, but also the entire reputation of the company that produces the game.
The problem with crypto is price movements
The main problem in the use of crypto money, both in the gaming world and in other areas, is the volatility of prices. It is a known fact that in the cryptocurrency world, where all kinds of manipulation is open, prices drift to very different extremes.
It is seen that a crypto currency increases its prices by 5 times in the bull season. Sometimes this can be 2 times, in some cases it can be 100 times. It is almost impossible to predict such changes. Even if changes are foreseen, it is very difficult to adjust prices accordingly.
A problem that may arise for the buyer is to see that the money he paid for a product worth 1000 TL a year ago is worth 5000 TL the next year. For this reason, some crypto investors wait for the bull season by buying during the low period.
Although it seems that the use of cryptocurrencies will become easier in the near future, the situation will be a little difficult unless the prices are fixed!
Could stablecoins be the solution?
It is a fact that not all cryptocurrencies experience major ups and downs. Cryptocurrencies, called stablecoins and pegged to one US Dollar or one Euro, can be easily used in some businesses. These coins, where buyers and sellers are not affected by the changes in crypto prices, also provide a good custody service.
It is also possible for users who convert their crypto money from stable coins to buy what they want easily. In the sale of Tesla with Dogecoin, the company’s loss may be great in the bull season, and the buyer’s loss may be great in the bear season. However, shopping with stable coins is quite normal at any time.
Donald TrumpIf ‘s promise to instruct the US Federal Reserve (Fed) to hang a digital dollar comes true, stable coins will be seen entering every aspect of life in the not too distant period.
After the US Presidential elections at the end of 2024, the beginning of a new bull season is seen. It is believed that the rise that started with Bitcoin pushing the 100 thousand dollar limit will soon pass to alt coins.
As such, crypto sales and blockchain technology have started to be talked about again in almost all sectors. Recently, news of those who became rich with crypto money and those who lost all their assets began to appear in the newspapers.
The important thing is to take advantage of the innovations brought by technology and turn them into points where users will get better efficiency. Although it is early for shopping with cryptocurrencies, it is a fact that many areas will be safer thanks to blockchain technology. Especially in the gaming world, many things are possible after ensuring the security of new games in this way and increasing the volume of blocks a little.
While we can buy games with stable coins in the near future, we can play some games produced on blockchain technology. The important thing here is to take advantage of the most environmentally friendly, most user-friendly technologies and make them even better.