PH Alto.io Blockchain Game Platform to Support Hedera Hashgraph

Please share and grow the BitPinas community.

At one point, the popular blockchain game Cryptokitties suffered from high gas fees as demand for the collectible item surged early this year. The demand had also crippled the entire ethereum blockchain. Speed and cost are particularly important in blockchain-based games. How can this be mitigated?

The Filipino-founded company, Alto.io has announced its support for Hedera Hasgraph public distributed ledger for Alto.io’s game ecosystem platform that is set to launch later this 2018.

As a blockchain game platform, Alto enables developers to create their own cryptoitems, which can also be traded and integrated into their games. The items are non-fungible, unique and can be truly owned by the person who create it or the person who buys it. Through storefronts, developers can sell their items or raise funding for such items (called “initial item offering”.)

Read More: Alto.io’s CTO Discusses How Blockchain Can Disrupt the Gaming Industry

Now, the uniqueness of the items enable them to have value, and by extension, demand. If these items can be bought, sold, and traded from one game to another within the blockchain, there is a chance that the activity will increase gas fees and slow down the network.

This is where Alto.io’s support for Hedera Hashgraph comes in. Hashgraph is an alternative to the blockchain that is said to be much faster when it comes to transaction speed and cheaper when it comes to costs. Its underlying protocol allows each node to “gossip” with each other until all nodes have the same versions of the transactions and order of events.

“We’ve chosen to support Hedera Hashgraph because its technology allows for lightning-fast transaction speeds with very minimal gas costs, two the biggest problems blockchain developers are facing today,” Gabby Dizon, Chairman of Alto.io

With this, “game developers can choose between Ethereum and Hedera Hashgraph to create their cryptoitems while developers who deployed their games on Ethereum using Solidity can port their code over easily to Hashgraph as well,” said Mr. Dizon in a statement to BitPinas.com.

The offering of Hedera Hashgaph support is just a start. Alto.io’s platform allows game developers to tokenize their game assets. The Hashgraph support and ethereum blockchain support on Alto.io will mean cryptoitems created on either of the two can operate and will be “valid” on both. Alto.io plans to add support for more blockchains in the future.

For more on Alto.io, check out: Alto.io Wants to Connect Games to the Blockchain. (Official Website)

Please share and grow the BitPinas community.

Join and subscribe to stay up to date

Michael Mislos

A business ad graduate from the Pamantasan ng Lungsod ng Maynila, Mike is the website manager of Bitpinas.com. He is responsible for almost every content you see on the site, from topic/news selection to editing of articles. Mike believes correct information about blockchain and cryptocurrency can empower people to make accurate decisions about the industry, which, in turn, should deter bad actors from taking advantage of crypto & blockchain. [Telegram @mikemislos]

Michael Mislos
shares