It’s challenging to select the ideal blockchain for your NFT game, but it’s a crucial choice you should consider to make the best choice possible. This is because it is challenging to change your mind once you have chosen your blockchain and begun building.
But before we get started, let’s step back and examine a few definitions.
Blockchains are essentially immutable ledgers that can be used to store various types of decentralized data, making it impossible for a single entity to lose or corrupt them. They’re employed for everything from keeping track of cryptocurrency transactions to housing and medical data.
Non-fungible tokens, or NFTs, are primarily recognize at the moment as the means of storing the provenance of digital art. They do, however, have a variety of other valuable applications, chief among them in the gaming field, which is what we’ll be looking at today.
The Things to Think About
One of the biggest challenges when developing a game that uses blockchain integration is initially picking a suitable NFT gaming platform development company. You should take into account several different things in this situation, including:
Transaction Processing Speed: The processing times of various blockchains vary. Generally speaking, a blockchain will perform better the faster the transaction speed, but this isn’t always the case.
Transaction Cost: Transaction costs on slower-performing blockchains are typically higher. The transaction cost will impact your profit margins, which will also determine the NFT game’s financial model.
The functionality of Smart Contracts: Smart contracts can be use to automate many blockchain processes, so the more functionality they provide, the less work you’ll have to do manually.
Consensus Mechanism: To prevent data discrepancies, blockchains employ various consensus mechanisms. Generally speaking, choosing a blockchain that uses proof-of-stake consensus is the best choice.
Selecting the appropriate blockchain
It’s time for us to look at our options right now. The various blockchains that you may want to take into account for your game integration are list below:
Ethereum: Ethereum is a decent default option, even if only because it dominates the market. It wasn’t just a coincidence that it rose to the top of the market. A sizable developer community is update frequently, has a tonne of technical documentation, and is helpful if you need to hire some outside assistance.
Flow: Although this blockchain was only introduce a few years ago, it has already significantly impact the market and is frequently recommend as Ethereum’s top rival.
Cadence: It features upgradeable intelligent contracts powered by Cadence, the programming language developed by the blockchain’s developers, and is highly scalable, compatible with various integrations, and secure.
Binance Smart Chain (BSC): Binance Smart Chain (BSC) is a blockchain that coexists with the Binance chain but stands out for having much more sophisticated smart contracts. It uses a system of 21 validators and offers a lot of developer customization. Additionally, it can process 60 transactions per second, costing $3 to create an NFT, making it significantly less expensive than Ethereum.
Cardano: Charles Hoskinson, an Ethereum co-founder, created this blockchain intending to make it simple and convenient for developers to build scalable and reliable applications. There are two distinct layers include. The Cardano Computation Layer powers its smart contracts, while the Cardano Settlement Layer is intend to transfer and record transactions involving its native cryptocurrency.
Solana: Solana is already in charge of a market capitalization of more than $65 billion and is one of the quickest blockchains. Additionally, it has a transaction fee that is hardly noticeable given its low level. For it to cost you a dollar, you must complete 4,000 transactions. Currently processing 65,000 transactions per second, the developers predict that as the network expands, this number will reach 700,000.
EOS: This blockchain was create to simplify and allow users to build decentralized applications. Its initial coin offering (ICO), which raised about $4 billion, made it the most well-known ICO ever. It can process 4,000 transactions per second with an average confirmation time of 0.5 seconds and supports any language that compiles into WebAssembly.
WAX: Worldwide Asset eXchange, or WAX, is a blockchain whose USP is carbon-neutral, making it a wise choice if you’re concerned about your environmental impact. WAX is an acronym for Worldwide Asset eXchange. With more than 500,000 users and 14.6 million transactions, it has an average transaction rate of 8,000 per second.
Algorand: The Algorand team has gone above and beyond to provide NFT functionality to its users, making this blockchain extremely secure and ideal for launching NFTs. They are also working with ClimateTrade to become a carbon-negative blockchain, and because they don’t use mining, they are safe from 51 percent attacks. The network is working to reach 46,000 transactions per second from its current capacity of 1,000 transactions per second.
Tezos: This blockchain can be use to deploy sophisticated smart contracts and is intend to make peer-to-peer transactions simple. Tezos can handle 40 transactions per second with a ten-cent transaction fee, though they’ve stated intentions to reduce that by as much as seventy-five percent.
Tron: Originally an Ethereum-based token, Tron has evolved into a fully independent, decentralized blockchain published under an open-source license. Everything is support, including the creation of applications, smart contracts, and tokens. It costs less than a cent per transaction and can process 2,000 transactions per second.
Choosing the best Blockchain Technology Companies in USA for you ultimately involves determining which of the factors we discussed is most significant and then identifying a Blockchain Company that can provide you with the required functionality.
After reading this article, it is hope that you will know exactly what you’re looking for and understand what makes one blockchain different from another. The following step is for you to focus on the one blockchain that you’ll want to use before conducting more research.
Still, need assistance integrating a blockchain and NFTs into your game? You are fortunate. To learn more about how RisingMax Inc. can assist you, get in touch with us right away. We are eager to collaborate with you!