29 November 2023
This is Wemix's goal to offer the foundation necessary for blockchain-based games as well as Decentralized applications to operate smoothly and efficiently, with no need for high gas costs or lengthy transaction times. According to Wemix's assertions, these problems have been solved by mixing private blockchain activities with intermediate networks in a hybrid model. As a consequence, on-chain gaming's adaptability is improved by constructing private blockchains to handle an expanded amount of games. For conventional game developers, Wemix promises to lower the technical bar by delivering middleware which powers over blockchain-related components of games whilst minimizing modifications to current games.
Also Read: What Is VeChain?
Fundraising from the crowd is also used to lessen the monetary obstacles to access for games by cutting development expenses as well as streamlining the on-boarding process for fresh players. Blockchain gaming's final objective is to get 1 billion players on board by focusing on the conventional gaming market. They intend to give alternatives for players rather than the unnecessarily sophisticated decentralized apps now accessible in the industry.
Also Read: What Is Ethereum Classic?
How Does Wemix Work?
This platform was established by Wemade Tree, WEMADE's primary branch for blockchain gaming services and Wemix. A virtual property marketplace as well as wallet service for gaming decentralized applications are provided by Wemix. Instead of focusing simply on virtual property exchange, Wemix offers a blockchain gaming environment that prioritizes the "experiential value" of players. WEMIX currency is the platform's currency. To build an unique benchmark in the blockchain gameplay sector, Wemix's capabilities are: “Resilience” Wemade, ChuanQi and "Assist" Wemade have been servicing the worldwide gaming industry for more than 20 years. For Wemix, "Adaptability" means having 10 branches and much more than 10 stakes in gaming companies. The Wemix platform employs a "multi-chain" approach in order to handle inner sustainability as well as transaction costs.
What Makes Wemix Unique?
Various components make up the Wemix environment, which is tasked with delivering blockchain gameplay to the people. Wemix is still a multi-chain initiative comparable to Avalanche's public blockchain in its primary design. Service chains, a gateway chain, as well as the public chains are all part of the system. Wemix is running private blockchains called service chains, which are designed to prevent the high gas prices that are prevalent in public blockchains. A delightful gameplay experience must take precedence over documenting every in-game transaction on a public blockchain, according to Wemix. Wemix can modify the amount of service chains required to tackle the scalability issue in games as well as Decentralized applications. It is expected that the Wemix environment's wealth management chain will be handled by the public chain. Service chains will ultimately connect to the blockchain system, which is where commerce will take place.
Current Circulation of Wemix Coins?
All transactions on the site are carried out using WEMIX. As a result of this, gamers may use their credentials from other games to purchase in-game items, and likewise. Programmers who are close to finishing their games will also be able to use this platform to raise funds. Pre-sale of fungible as well as NFTs for WEMIX will let them to finance the final creation of their games. Customer engagement will not necessitate a WEMIX stake for involvement in WEMIX-based games. As of this writing, there are a total of 1 billion WEMIX Coins in circulation. There are 74% in the atmosphere's economy, 10% in private transactions, 9% in teammates over a 3 year period, and just 7% in advertisements. So at a rate of 60 coins each minute, WEMIX tokens are now being given out.
How is the Wemix Network Secured?
The public blockchain that Wemix utilizes was developed by the Klaytn initiative, which is situated in South Korea. As its consensus protocol, Klaytn uses an enhanced variant of the Istanbul Byzantine Fault Tolerance. Additionally, Klaytn implements a Practical Byzantine Fault Tolerance (PBFT) with changes to accomplish the essential blockchain network properties. In addition to this, Klaytn implements proof-of-contribution (PoC), a system in which users in its reward system are required to make payments of significant value in order to qualify as verifiers.
How to Get Wemix Coins?
The following paragraphs include a listing of Cryptocurrency exchanges where one may acquire WEMIX currency. Nevertheless, this is of the utmost importance to check if the transaction can be relied upon. As of July 2022, the cost of 1 WEMIX coin is about $2.54 at the current market rate. There are a total of 1,018,187,200 WEMIX coins available, with a continuous circulation of 123,233,682 of those pieces. It has been announced that there will be a total maximum supply of 1,015,055,200 WEMIX tokens.
The lengthy viability of the initiative as well as the P2E gaming industry as a whole determines if WEMIX is the ideal place to put your money. Consider the platform's foundations and scientific documents before making a decision about investing in it as an entrepreneur. In the immediate term, the virtual analysts foresee moderate to poor returns, which will improve in the future. As a result of market instability as well as the P2E industry's unpredictable appeal, WEMIX's worth might fall in the long run. Don't ever risk anymore than you could ever manage to give up when it comes to your investments.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.