LIX will fuel the game economy by providing a platform to create and manage game assets which will be registered on a decentralized blockchain. Once registered on the block-chain, users of participating games can trade assets both in-game and through wallet exchange. The global gaming market will reach USD 108.9 billion globally in 2017, with an increasing share being made up of independent and hobbyist developers. Examples of in-game assets that would be traded in the real economy would be gold coins, land & property, weapons, collectibles, and other such items.
Operating on a Leased Proof-Of-Stake (LPOS) algorithm, the LIX network will be secured by a distributed network of nodes, as well as user wallets. Due to the unique nature of the network, it will be possible for game developers to
issue tokens or assets that also operate on a Proof-of-Stake (POS) basis, to allow for inflationary policies which may be necessary in larger game ecosystems, such as those on the scale of Eve Online or Second Life.
Coin name: LIX Coin
Ticker: LIX
Algo: LPOS
Supply: 100,000,000
Full Nodes: 10,000
Using Bitcoin’s block-chain to time stamp data has evolved far past single-file uploads that require users to pay a Bitcoin network fee. Fully-featured APIsand platforms like LIX are developer friendly, allowing developers to integrate
block-chain time stamps into a wide range of applications to be built on top of them. However, with pay-to-play games, there is a persistent risk that users will find a way to “double spend” tokens or exploit the system to increase the
value of their own account. This is only possible because in many situations, the account value is simply a hard-coded variable subject to manipulation.
However, by storing and registering game assets within the block-chain, resources will exist in a finite and unalterable quantity on all nodes, making it impossible for a user to exploit the system.
For more information, visit;
Website: https://lixcoin.org/
Telegram: https://t.me/lixcoin
Twitter: https://twitter.com/Elixir_Platform
Facebook: https://fb.me/lixtoken
Authored by Lelvin: https://bitcointalk.org/index.php?action=profile;u=1275173