29th May 2024 Digital Bytes

40% of the world’s population are gamers, so what role do blockchains play? - the gaming industry boasts a vast global audience with over 3.1 billion players worldwide, encompassing nearly 40% of the population. Blockchain technology is revolutionizing gaming by enhancing security and offering novel monetisation avenues through play-to-earn mechanics. Blockchain's decentralized nature ensures transparency and efficiency in event management, optimising logistics and equitable reward distribution. Despite challenges such as scalability and regulatory uncertainties, yet the use of blockchain heralds a transformative era of gaming innovation and economic opportunity.

The challenges of quantum computing for blockchain technology - quantum computing (utilising qubits) offers immense computational power but poses serious risks to blockchain technology. It can potentially break traditional cryptographic methods such as RSA and elliptic curve signatures, threatening blockchain security. With ab…