Surely, many have heard about the algorithms for achieving consensus PoW (Proof-of-Work), which is used in Bitcoin, PoS (Proof-of-Stake), but few have heard of Proof-of-Play. Since the theme of our site belongs to cryptogaming, I’ll tell you a little about this new algorithm.
Proof game
The basic concept of the proof-of-play algorithm is that players spend their personal time and computing power when they play a particular game. Thus, creating and testing blocks.
A cryptocurrency called Motocoin appeared in 2014, now it is trading in my opinion only on yobit and cryptopia, but of.site is not working now. This is a bitcoin fork. Its main difference is that it is minted by its people, not computers.
To receive a reward, you need to pass a level generated in a pseudo-random manner based on the transactions in the next block. As soon as someone passes the level, the next block is generated.
Video as it looked before:
In 2014, a great future was predicted for this algorithm, but then somehow everything calmed down, because ethereum was not yet there. But now, when there is a trend to create decentralized applications, the emergence of cryptocurrency with PoP, perhaps it would be just, by the way. Mining such a currency would not require powerful devices as it maynite people. I have noticed the emergence of several platforms that want to use PoP. One of them is SGamepro.
Recently, they recorded a short promotional video for their ICO in collaboration with the famous YouTube PewDiePie.
There is another game called Laserchain on the Waves blockchain. Proof-of-Play is also used there, but unfortunately I haven't played it so I can't tell you about it in detail. If you are interested, you can check out their website https://laserchain.io or whitepaper https://laserchain.io/LaserChain_WhitePaper.pdf.
I think that any gamer would have liked to receive a crypt for the game and spend it there to get the opportunity to earn more. And in general, one could use more Monetization Systems and ways to distribute games on the blockchain.
There is certainly a risk that you can write a bot that will simulate the actions of the player, but I hope that this can be solved.
Is it interesting to revive this idea?
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