Why Avalanche Is the Optimal Blockchain For GameFi
Introduction
Blockchain technology has grown and changed over the years and archaic are the days when we only used blockchain simply for transfers of value. Although chains like Bitcoin and Ethereum are likely here to stay, being the first movers is a large ecosystem that changed the way we think about finance, there are also other chains that are trekking new frontier. Almost every large chain today has made some monumental contribution to the crypto ecosystem and for a chain like Avalanche, gaming and GameFi seem to be its cornerstone feature.
Almost every month, new acquisitions for GameFi and gaming projects are being built on Avalanche. But why is AVAX the chain that everyone is flocking to for gaming and P2E mechanics? Let’s take a look at how Avalanche actually works, its major benefits, and how GameFi is perfect for this massively growing chain.
How Avalanche Works And Its Benefits
The creation of Avalanche was established in 2018 by Ava labs and it was designed from the ground up to be fast, scalable, and easy to use with the intention of being used as a go-to platform for almost any transaction that someone could think of. By this time, Ethereum had already been created but AVAX wanted to learn from some of the mistakes that Ethereum was already making by creating a system that can scale. There have been several attempts by other chains at scaling, but Avalanche solves these issues by deploying multiple chain networks and subnets for its network participants.
Here are some of the benefits of the Avalanche network:
- Incredibly Fast to Cost Ratio: Avalanche has one of best ratios for being super fast while still having very low costs of operation, especially for a chain of this size already. Other chains have claimed to be low cost and fast, but have not been able to scale.
- Launching Solidity and EVM Compatable dApps: Avalanche recognizes the importance that Solidity has in the market and the arrival of things like dApps from EVMs. Avalanche is about performance and not competition; they are building a chain that lets users create and scale dApps that are compatible with current technologies on the market.
- Customized Mini-Blockchains: with the arrival of subnets, Avalanche is also to let users make their own localized chains that work independently from other chains, letting users sandbox their own insights and technology for the benefit of their own projects. Everyone is happy and there is no risk of a subnet or project overloading the whole ecosystem.
- Three Chain Architecture: Avalanche uses three chains to help dictate the flow of transactions and optimize the chain. The C-Chain helps govern DeFi and NFTs on the network, while the X-Chain does the actual swapping and transactions of digital assets. The third chain, called the P-Chain, is where people can host validators and create subnets.
Compared to other chains, Avalanche has thousands of validators supporting the chain and is over 80% parameterized for its safety threshold, making it more secure than even the most popular chains today while also keeping gas fees low and almost zero congestion.
But what does this have to do with gaming and GameFi? Quite a bit actually.
Using Avalanche For GameFi Optimization
As the blockchain world grows, blockchain based gaming is becoming part of the forefront attention of the space. Things like NFTs, Play2Earn models (P2E), and metaverse are all becoming the newest creations and also attracting real users. Historically one of the biggest setbacks of using gaming in blockchain is its difficulty to integrate it. Blockchains are not really optimized for gameplay, require lots of time to build (or at least have an engine to build it), and can be very resource heavy. Many chains have tried to use gaming but AVAX seems the only one to handle it well.
Avalanche is an optimal chain to take on gaming and GameFi.
The major benefit of using Avalanche for GameFi is the result of having the three pronged system, primarily with the use of the P-Chain for validators and subnets. Subnets allow for projects to create their own EVM compatible dApps that don’t interfere with the rest of the chain, so one game isn’t taking up all the bandwidth of the network.
Additionally, Avalanche is useful for the creation of NFTs, making digital assets like NFTs instantly available for P2E style games or for the metaverse. Games don’t need to connect to multiple chains to integrate their gameplay into the blockchain. With AVAX, everything is together under one chain for all the needs that GameFi requires. GameFi and NFTs are already part of why projects are seeking Avalanche.
Why GameFI on AVAX Makes the Most Sense
GameFi on Avalanche gives the biggest opportunity for blockchain games to thrive in the way they are intended to be played. GameFi games have both regular entertainment elements with all the benefits of things like P2E. Avalanche gives games the ability to build as they would through the process of subnets. These subnets let game projects develop as they would normally while P2E elements can be taken advantage of through the use of AVAX X and C Chains.
Additionally, the high throughput and low cost transactions make for GameFi to have a good environment on the Avalanche chain. It seems that games have an extra life in the blockchain world and Avalanche is the best place for almost any project.
Disclaimer: All content shared on this website is for informational purposes only and is not professional or financial advice. Always consult a qualified financial advisor and do you own research before investing.
