Ground-breaking Innovation! 5G Commercial Revolution Energizes Blockchain Gaming Industry
The arrival of a new era is always driven by new technologies. Many people regard 5G simply as an updated version of 4G with faster data speeds. However, the arrival of 5G will actually impact various industries dramatically.
In addition to the emerging 5G revolution, the appearance and development of blockchain technologies enable data decentralization of gaming and decentralized storage of virtual assets from a technical perspective. It is the convenience of taking virtual assets on chain that makes blockchain technology easier to launch in gaming industry. Therefore, what kinds of possibilities and opportunities are hidden behind the combination of blockchain technology, 5G network and gaming industry?
5G+ Gaming: Faster speeds, Better experience, Increased capacity
Low latency is why 5G will be radically different from today’s mobile network. 5G network will be able to solve the huge pain points of gamers including delay, disconnection and dropped call, and allow users to have a better gaming experience. Those gamers, who suffer from delay, disconnection with teammates and loss of connection to servers, will find their gaming experience much improved with 5G network.
5G network enables cloud gaming with its ultra-high frequency and critically low latency communication. Cloud Games offer ultimate access for users, without the limitation of facilities and platforms. All companies in gaming industry are now willing to play major roles in the emerging market. Ubisoft’s CEO believes that cloud gaming is the future: There will be one more console generation and then after that, we will be streaming, all of us.” OnLive, nVidia GameStream and PlayStation now from various vendors are all the prototypes of cloud games. And now with the advent of 5G network, could gaming is developing more rapidly.
In an ideal 5G era, gaming manufacturers do not have to delete contents to compress the games, and they also will not be concerned about larger game installation packages due to increased image quality. With the introduction of 5G, game developers will have the ability to create high-quality mobile games, and provide incredible gaming experiences for tomorrow’s gamers.
5G + Blockchain: a win-win situation
5G network greatly enhances speed and coverage, and reduces latency. Governments, operators and vendors all over the world are currently working on 5G deployment. With higher data rate, better coverage and lower latency, 5G will facilitate the explosive growth of mobile data and be massively adopted. However, 5G is still faced with big challenges, such as the lack of information security, trust of transaction, and intellectual property rights protection online.
Thoughts Before the 5G Commercial Revolution
Lgame was founded by a group of blockchain enthusiasts and geeks who are proficient in blockchain technology. The founders are thinking about how to take advantage of the upcoming 5G bonus period to better develop their career.
Lgame recognizes the current problems encountered by game platforms and players clearly, and makes efforts to solve them. For example, game platforms nowadays charge developers high fees. At the same time, untransferable player’s assets and personal information leakage also need to be solved. Lgame believes that game is the fastest field for mass adoption and important tipping point in blockchain, and dApp games will also be the most important part of the future dApp ecosystem. Lgame pioneered user-centered design “Gaming as Investment”, in which all token holders share the benefits in ecosystem by getting LGC tokens.
In addition, Lgame’s project plan also includes partnerships with wallet and exchange, which will form a complete transaction cycle. Lgame will create modules such as OTC trading and wealth management products to lay the foundation for the entry of external funds. Considering the situation that cryptocurrency exchange is necessity for users, Lgame will launch spot and futures trading on exchange in Lgame ecosystem to meet users’ diversified trading needs. All in all, Lgame has two layers of services using blockchain technology, connecting online and offline, on-chain and off-chain assets. In its game layer, it can be likened to Steam; in its transaction and payment layer, it’s like Alipay in blockchain. Ultimately, Lgame combines on chain industry and offline entity industry, and makes the two be converted more freely.
5G technology can accelerate the mass adoption of blockchain applications. At the same time, blockchain technology will bring new ideas to 5G applications. The arrival of 5G can free Lgame from the limitation of game’s data size. No matter it’s H5 or large-scale dApps, 5G’s low latency makes developers no longer worried about latency when developing competitive games.
The transaction or communication between blockchain nodes has always been an intractable technical problem. Due to the limitation of the network transmission rate, the transaction speed on blockchain is relatively low, which hinders the development of blockchain in finance and supply chain. Also, in order to determine the authenticity of transactions on chain, there are large delays which further reduce the transaction speed.
5G allows Lgame to better launch the “Interstellar Payment System,” the open “Alipay-esque” payment system, and the creation of Lgame OTC Market. 5G helps to make great progress on transaction speed and trading experience, and also makes the core “payment” of the Lgame project even more powerful.
No matter it is the arrival of blockchain or 5G, all new technologies must keep up with the times, and seize opportunities to form advantages. Those will always be the first rules to quickly seize emerging industries.
