Cryptogame is a concept that combines games and cryptocurrencies and relies on blockchains and cryptocurrencies for their work. There are several kinds of cryptogames on tower.bet, such as peer-to-peer, karma, tipping, and others. The first cryptogam SatoshiDice appeared online in 2012. Since then, developers have started adding more and more innovation to the concept. Now, crypto games not only bring real profit but also educate people about cryptocurrencies and gambling.
How to play crypto games
The cryptogames on tower.bet with two levels. The first level is the game itself, some activity that’s enjoyable or at least interesting in its own right. The second level is doing it as part of a cryptogam, to impress an audience and win their esteem and maybe prizes. Anyone can play crypto games with a computer and an internet connection. They require no special equipment or skills.
They use tools we already have: our computers and our social networks. Their rules are simple enough that a five-year-old can understand them but complex enough to allow for endless variety and depth. So far, the most popular crypto games are based on Scrabble and poker, but there’s no reason the format has to be limited to word games and card games. One should expect to see crypto games based on solitaire, mah-jong, chess, and even non-digital games like soccer and tennis.
There are different types of crypto games.
There are two broad categories of Crypto games:-
Collectible games: in this type of game, there is a finite set of collectible objects. Importantly, there is no way to create new objects from existing ones. Each object is associated with a unique identifier, which allows the object to be traded or exchanged over the internet. In some cases, the objects represent things from the real world, such as digital pets or cards from a sports team. In other cases, they are purely fictional and have no intrinsic value outside of the game. The most famous example of a collectible game is Bitcoin.
Crypto-commodities: in this type of game, there is a finite set of valuable objects. Importantly, there is a way to create new objects from existing ones. The creator of this kind of object does not know who will own any particular copy; rather, each object has an associated public key that can be used to transfer ownership at any time. This represents an important difference from traditional commodities like gold or oil because it allows for digital scarcity (i.e., functionally infinite can be made scarce while remaining unlimited). The most famous example of a crypto-commodity is Ethereum.
Crypto games are a profitable business.
A business that allows one to make money without doing anything is attractive. A few people have run such businesses by inventing patentable products, but the patent system is not the only way. Cryptography provides another way. One can use cryptography to design a game that has many players and then sell them right to play the game. The strategy for designing such a game is quite simple. Since all of their potential players are trying to win the prize, they will all be thinking about how to win. One has to make sure that they are each thinking of something different.
The most direct way of doing this is by using technology that prevents anyone from understanding his opponents’ strategies. The best technology for this purpose is called “public-key cryptography.” In 1976, Whitfield Diffie and Martin Hellman invented it, two scientists at Stanford University who also designed the first cryptographic protocols for e-commerce.