Bitcoin Marches to Conquer Virtual Worlds

Bitcoin Marches to Conquer Virtual Worlds

A few years ago the virtual world Second Life, created by Philip Rosedale and his team at Linden Lab, was a media darling that made headlines every day. One of the most widely covered aspects of Second Life was its in-world economy based on a virtual currency, the Linden dollar. Thousands of Second Life developers were able to earn a living, and in some cases become rich, by selling virtual objects (avatars, clothing, gadgets) and virtual land for Linden dollars. Second Life has fallen from media grace, but other virtual worlds and virtual reality massively multiuser videogames are....


Related News

NeuCoin – Not Just Another Blockchain, But A Complete Virtual Currency Ecosystem

NeuCoin is a virtual currency that has been in development for quite some time. Originally announced by the launch of the whitepaper in February of 2015, the NeuCoin team unveiled their plan of battle for the future. Core values include convenience, not requiring upfront investments to get acquainted with the currency, and a large focus on microtransactions. The long wait is finally over, as NeuCoin has officially launched today. Over the course of most recent years, virtual currencies such as Bitcoin have become synonymous with certain aspects of finance, including online gambling,....

'YouTube for virtual reality' Vizor Launches Bitcoin Crowdsale

When Wendell Davis started building Vizor.io three years ago it was merely a tool for creating high-end web graphics. Then, three months ago on a trip to Helsinki with friends, he got his hands on an Oculus Rift headset for the first time. He had an epiphany, Upstart Business Journal reports. Also read: 2015 - Virtual Reality Gets Real. Vizor, "YouTube for virtual reality," isn't just a place for viewing augmented reality videos in a Chrome or Mozilla browser; it's a place to create those videos. More than that even, click "Remix" on an existing video and tweak it to your own....

Should corporations develop their own virtual currencies like bitcoin?

Companies have an interest in virtual currencies for many reasons. It develops a store of value inside of an ecosystem; it ensures that goods will be purchased inside of their own worlds. Generally speaking, it keeps more value inside their own fiefdom once a virtual currency has been exchanged for cash money. In the end, it appears to be a major value proposition. This is especially true for technology companies that do most of their business in the digital realm. With that being said, the recent history of corporate-backed virtual currencies is spotty at best. Let's take a look at some....

CoinOffering Links Virtual and Legal Worlds with Shares on the Ethereum Blockchain

CoinOffering has become the very first registered company to offer legal cryptographic shares in the form of tokens on the Ethereum blockchain linking the virtual and legal worlds. In a press release, CoinOffering explained that it is a unique project that incorporates the Ethereum blockchain and regulated economy. CoinOffering states that legally registered companies now have the opportunity to perform many of their functions such as shares distribution, dividends payment, and voting, with the help of the smart contract in Ethereum. Previously, there have been numerous attempts to....

Bitcoin-Xt Pushing Ahead With Bigger Blocks

Each transaction that occurs on the block chain takes up a little bit of space, and these transactions all get squished into a virtual box (a block). Bitcoin currently operates with a 1MB limit. What this means is that only so much information it can process in each block, this currently comes to roughly seven transactions per second. The discussion recently in the Bitcoin ecosphere has been to increase the block size to 20MB, thereby allowing more transactions in each block, increasing the transactions per second. As some postulate, bitcoin is unlikely to acquire mainstream adoption if it....