Account Abstraction: Ethereum Upgrade Makes Crypto Safer To Use

Account Abstraction: Ethereum Upgrade Makes Crypto Safer To Use

The adoption of the concept of “account abstraction” by Visa has the potential to greatly improve the user experience of Ethereum wallets.

One of the drawbacks of cryptocurrency is the high cost of mistakes. 

For example, if a user loses their account keys, they may permanently lose access to their funds. This and other potential problems make it easier to lose money in cryptocurrency than in traditional banking. To address this, blockchain developers are working on solutions such as “Account Abstraction” to make it safer and easier to use crypto.

Account Abstraction (AA) uses smart contracts to execute transactions by implementing certain validation rules. With AA, users won’t need to sign each transaction with their private keys. The goal of AA is to make using Ethereum as easy as using a traditional bank account, allowing for easy transactions, automatic bill payments, and more.

It is important to note that AA can change the way people use crypto. That’s why it is important to understand how Ethereum transactions work today.

Types of accounts on Ethereum

On Ethereum, there are two types of accounts. These are the External Owned Accounts (EOA) and Contract Accounts (CA). EOAs, commonly used by Ethereum users, are accessed through wallet providers such as MetaMask and Coinbase Wallet. They have a pair of keys: a public key, through which anyone can send funds, and a private key, used to initiate transactions by the account owner. CAs, also known as “smart contracts,” are code-controlled accounts that live on the Ethereum network. These accounts cannot initiate transactions on their own, they need an EOA to send a transaction to them.

Losing access to an EOA (Externally Owned Account) on the Ethereum blockchain can be a serious problem as it is linked to a private key that has complete control over the account. If the private key is lost, then there is no way to regain access to the funds, as there is no key recovery process or help desk to assist. 

This vulnerability is primarily caused by human error, which can be the biggest security flaw in Ethereum account management. According to a report by Chainalysis, it is estimated that up to 23% of all bitcoins in circulation (around 3.79 million BTC), could be lost forever due to forgotten keys. 

Additionally, if a private key falls into the hands of hackers, they would have complete control over the corresponding funds.

How does Account Abstraction work?

Account Abstraction (AA) considers the limitations of Externally Owned Accounts (EOAs) by combining them with Contract Accounts (CAs). This allows for the creation of user accounts with built-in fail-safe mechanisms. Accounts could also have some other special features for verifying transactions. Ethereum co-founder Vitalik Buterin explains in a 2021 blog post that under AA, smart contract code would not only be used to implement the logic of applications but also the verification logic (nonces or signatures) of individual user wallets.

By utilizing AA, user accounts could be programmed to include social recovery systems where multiple individuals with their own keys have the ability to return an account to its owner if the owner loses access to the private key. It also allows for the creation of “multisig wallets” that transfer account ownership to a group. These wallets require multiple different parties to sign off on transactions as an additional security measure.

Moreover, accounts under AA could avoid hard-coded limitations of EOAs, such as gas fee payment in a single cryptocurrency like Ether (ETH). They could choose to use a different cryptocurrency (like DOGE) or assign someone else (like a friend) to pay gas fees.

Currently, it is possible to implement these systems using CAs, but it would require a significant degree of complexity and high gas costs as all transactions need to be initiated by an EOA.

Can Account Abstraction be implemented on Ethereum?

There are several proposals for adding Account Abstraction (AA) to Ethereum, with the most notable being EIP-4337. According to Gazso, the co-author of the EIP, this proposal is the first one that can achieve AA without requiring a hard fork.

The main advantage of EIP-4337 is that it does not necessitate any modifications to Ethereum’s core protocol. Instead, it would introduce a new account abstraction layer on top of the core protocol, allowing wallet providers to create user-owned accounts that utilize smart contracts to establish the rules for initiating transactions.

Despite the availability of these tools, AA is not yet widely adopted. The main reason is the lack of momentum in creating and distributing new wallets. Convincing users to try new technology and wallets is a difficult task, said Gazso. 

As a result, many users opt for more established and well-tested options such as MetaMask. However, it seems that this trend is changing, and there is an increasing interest in implementing these new technologies.

Is Account Abstraction happening already?

Some layer-2 solutions on Ethereum are exploring the integration of Account Abstraction (AA) as a feature. StarkWare, the company behind the StarkNet blockchain, has already implemented AA. 

The Co-founder and president of StarkWare, Eli Ben-Sasson, has stated that AA could be used in the future to authorize payments using facial recognition or biometrics, similar to how FaceID is used to authorize credit card payments for iPhone users. He also said that infrastructure for this is already present on StarkNet.

In recent times, Visa also announced its proposal to utilize Account Abstraction to deploy automatic payments using StarkNet infrastructure, which would be similar to automatic payments in a bank account, but on the blockchain.

Other companies, such as Gnosis Chain, are also exploring the integration of AA in their infrastructure. Gnosis Chain co-founder Stefan George stated that interest in AA is increasing as more developers and users become aware of its potential. Gazso also stated that 2023 would be the “year of Account Abstraction” and the topic widely discussed s in the crypto and blockchain space.

Ethereum Centralization: Who Is Censoring ETH Transactions?

Ethereum Centralization: Who Is Censoring ETH Transactions?

The Ethereum Merge was completed one month ago. Since then, Ethereum centralization has been on the rise. More and more Ethereum nodes have been censoring the network. As of October 2022, 51% of Ethereum blocks were compliant with OFAC standards, which are meant to censor Ethereum’s blockchain. 

What is OFAC?

OFAC, or Office of Foreign Assets Control, is a U.S. Treasury Department financial intelligence and enforcement agency. It enforces trade and economic sanctions to support U.S. foreign policy and national security objectives.

In August 2022, the crypto community was first acquainted with this agency when they issued a statement to sanction blockchain activities. It effectively sanctioned Tornado Cash as well as several Ethereum addresses that were associated with it.

Today, the number of nodes that are validating OFAC-compliant blocks is on the rise, and this represents a significant step towards censorship as more blocks are being monitored. 

The current state of compliant MEV-boost relays can be verified on mevwatch.info, a free tool built by Labrys. 

MEV-Boost relays are centralized entities that act as trusted mediators between block builders and block producers. This allows all Ethereum proof of stake (PoS) validators to outsource their block productions to other builders.​​​​​

This metric shows how many blocks have been built since the Merge by OFAC-compliant MEVBoost relays. MEV-Boost was able to provide a more representative distribution for block proposers than a small number of miners who are proof-of-work (PoW) after Ethereum upgraded to a PoS consensus.

How is the OFAC involved with the Ethereum blockchain?

After “The Merge” upgrade was completed, the Ethereum blockchain started using the proof-of-stake (PoS) consensus mechanism. This made the blockchain more secure and energy efficient. Mining data shows that Ethereum heavily relies on Flashbots, a single server, to build blocks. This raises concerns about a single point of failure for the blockchain.

What is Flashbots? Flashbots is a network that connects mining pools and searchers. It’s not a closed system that uses private contracts or arrangements. Instead, anyone can join. Because it allows for competition, this open system is thought to be more beneficial than having a few dominant private entities. It acts as a relay to deliver Ethereum blocks. Data from mevboost.org indicates there are seven active relays currently delivering at most one block in Ethereum. These include Flashbots, BloXroute Max Profit, BloXroute Ethical, Blocknative, Manifold, Eden and BloXroute Regulated. 80% of MEV-Boost blocks are relayed by Flashbots.

Ethereum Centralization: Who Is Supporting Centralization on ETH Transactions?

What is Ethereum centralization? How can ETH transactions be censored?

Hard censorship would mean that no matter how long or how expensive you pay, sanctioned transactions will never be included in the blockchain. In a strict censorship scenario, compliant nodes would be required by regulation to discard all blocks with any of these transactions.

However, even with soft censorship, when approved transactions are eventually validated, it would likely lead to long waits, high-priority charges, and a substandard user experience.

Out of the seven major MEV-boost relays currently in operation (Flashbots, BloXroute Max Profit, BloXroute Ethical, Blocknative, Manifold, Eden, BloXroute Regulated), only three do not censor in accordance with OFAC compliance requirements. For instance, OFAC-compliant relays won’t include transactions that interacted with Tornado Cash smart contracts or other sanctioned wallet addresses, as defined by OFAC.

Validators that wish to include all network transactions can do so by not including any censoring relays in their MEV-boost configuration. Current major MEV-boost relays that don’t censor include – BloXroute Max Profit, BloxRoute Ethical, and Manifold.

What Will Happen to Miners After the Ethereum Merge Is Complete

What Will Happen to Miners After the Ethereum Merge Is Complete

Ethereum miners will need to switch course as soon as September, when the network will no longer require miners to validate transactions and create new blocks. They might consider mining other cryptocurrencies or even give up completely. 

After The Merge, the Ethereum miners will no longer be part of the network participants, and they will have to shift their use of the network. The roles of Ethereum miners will now be obsolete, and they are forced to find alternative income streams. 

The sudden change took, in fact, years of research and development, but after The Merge, Ethereum will finally be described as a safer, energy-efficient, and scalable blockchain network. 

After the Ethereum network moved to a Proof-of-Stake consensus mechanism (PoS), it is now that Ethereum miners face a sudden change. Their role effectively ends, and they are forced to look for alternative income streams.

This historical moment for the Ethereum community, known as the “The Merge,” is expected to take place on September 15th, 2022, but might take place even sooner. 

What’s the Ethereum Merge?

The Ethereum Merge is the switch from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism. In plain English, a PoS blockchain doesn’t require miners (aka energy-intensive computers) to validate transactions and create new blocks but replies on stakers and validators.  

This will have many benefits, including the elimination of energy-intensive mining. To secure the network, the network will instead use staking.

Over the years, as more applications have been deployed on Ethereum, users have been hit with high transaction fees, low scalability, and even network congestion. But all of these are expected to change in the near future. 

When complete, the Merge will eliminate Ethereum’s high gas fees, improve scalability and security, and provide greater sustainability.

What will happen to Ethereum miners?

Since its creation, Ethereum has relied on GPU (graphics processing unit) rigs to perform the process of Ethereum mining. They are more flexible than the ones used for bitcoin mining, and can be reconfigured to mine other coins more easily. GPUs are used by gamers but can also be used to mine other cryptos such as Ergo, Ravencoin, and Ethereum Classic.

But as Ethereum is being upgraded, all these miners will have to either start mining other coins or give up crypto mining entirely. It’s worth noting that a profitable mining rig costs more than $1,000, and the operation’s success relies on the cost of electricity, which has also gone up dramatically since the beginning of 2022. 

In the past, Ethereum mining was very popular due to its profitability. However, miners will have to switch course and employ their GPUs on other blockchains. While a shift to mining other cryptocurrencies could result in a decrease in profits in the short term, it still represents income for owners of these expensive mining rigs. 

One of the biggest beneficiaries of the switch could be Ethereum Classic (ETC), as some expect many of the Ethereum miners to turn to Ethereum Classic. It’s worth noting that the ETC hashrate has started to rise since July. Some investors might even view Ethereum Classic as a hedge against potential disruptions in Ethereum’s blockchain during the transition from PoW-to-PoS. 

Can Ethereum miners switch to Bitcoin mining? Not really, because the two networks use different mining algorithms. Bitcoin requires ASIC-compatible hardware, which has a higher performance, but it’s also more energy intensive. ETH, on the other hand,  uses a mining algorithm called “Ethash,” which was designed to be ASIC-resistant.

After Ethereum moves to PoS, the most likely outcome is that miners will distribute their rigs among different networks that support GPU mining.

Ethereum Foundation donated to UNICEF to Embrace Blockchain

Ethereum Foundation donated to UNICEF to Embrace Blockchain

The Ethereum Foundation made a donation to the United Nations Children’s Fund (UNICEF) worth $150,000 in Bitcoin and Ethereum, into their experimental crypto fund in October 2019.

Aya Miyaguchi, the Ethereum Foundation Director stated:

“We are still discussing the details on what we can do together, but we have decided to continue support for the next couple of years,”
“I believe a partnership with a group like UNICEF can maximize our impact without shifting our focus from what we still need to do to improve Ethereum as a technology.”

The Kazakhstan branch of UNICEF developed an Ethereum-based internal payment system. The system is used for transferring funds between the UNICEF headquarters and local programs.

UNICEF’s partnership specialist, Oleksandra Gaskevych, stated:

“We can see now clearly it’s operational and it’s great for the organization. So we will continue to work on that,”
“We only have used ethereum so far, for smart contracts. We’re thinking maybe we could test bitcoin as well for digital currency transfers, so we’ll see.”

The system is not fully set yet, as the UNICEF budgets need multiple signatures. But the last touches are being made by the Kazakhstan team. Up to this day, the amount of paperwork required by its operations is overwhelming. A digital process will come much more in hand, and everything will be more transparent and easy to track and follow.

The Ethereum-based system is expected to be fully functional in 2021.

“We can easily adapt it to other Russian-speaking countries in the region,”

Tunisian pilots

UNICEF has also become a partner of SoftBank Investment Advisers (SBIA) and wants to create a system for distributing cryptocurrency.

The co-lead of UNICEF Ventures, Chris Fabian, stated that the crypto fund is starting to fund startups. One such crypto startup is Coinsence, a Tunisian token project which used ERC-20 tokens.

The pilot program for Coinsence has more than 200 participants, in the town of Hammamet, according to its founder, Karim Chabrak.

“There are communities that have no money and a lot of unemployed youth,”
“Communities need to be able to address that without waiting for governments to act.”

The residents of the city, who participated in the pilot program, used the token to pay for services or to offer discounts. The goal is to reduce the unemployment rate and to create productive spending habits. The founder of Coinsence, Karim Chabrak want to create a national association, with a legal framework, to help and support other communities to issue their local token.

Chabrak also stated:

“We heard about bitcoin in 2010,”
“But we are trying to build currencies that aren’t speculative, that are part of the commons.”

These experiments and programs were founded by the Ethereum Foundation. Coinsence received 50 ETH for their pilot program.

The Ehereum Foundation also founded Atix Labs, an Argentinian startup. The funds were used to develop software for the Kazakhstan program.

The Ethereum Foundation approach

With this agreement with UNICEF, the Ethereum Foundation and community is now investing in global outreach, and not necessarily in implementing blockchain solution.

“They’ve made the community available to us for a variety of things,” Fabian said.

UNICEF hopes to find external partners willing to accept cryptocurrency and their teams are now focused on training youth to develop solutions for custom needs of the communities they live in.

Football and blockchain: The new trend of fantasy football blockchain games

Football and blockchain: The new trend of fantasy football blockchain games

Let’s talk about blockchain and football. These two don’t seem to work together, at first, but actually there are more than a few ways we can use the two concepts in the same sentence. This rather new technology has quickly started to be used in a wide array of domains, including football. Today, there is a special branch of gaming called fantasy football blockchain games.  Blockchain is a radical invention that has disrupted the finance industry. In addition, it has great potential in several different businesses, too. And football, or soccer, is the newest among a series of businesses taking steps to embrace blockchain technology.

Apart from offering different methods to play sports, blockchain engineering can also be providing new options to guarantee data integrity (such as scoring) is transparent and secure. The possibilities are quite diverse in using this technology. To sum up some of the situations in which blockchain can help the football industry, we would say tracking of tickets sale, easing the compliance with the GDPR law in Europe, an alternative to fiat/cash in football-related events, public record-keeping.

For individuals searching for new or even more secure approaches to play fantasy football, blockchain tech provides some interesting options. Some are functional, others are just announcing their development, while others are constantly postponing the launch. So what are the most sought after fantasy football blockchain games? After some internet digging, we came up with this list. Let us know what we should add, as we are always trying to keep fresh all data we present on digitaltokens.io.

Let’s take a look at the companies what we found so far to be uniting the two industries.

Bitcademy

What is Bitcademy? Bitcademy is a decentralized platform, which promises to offer tech solutions to the current football industry.

They aim to become an industry standard, by turning to tokenization of gamers and decentralization of the marketplace.

Football and blockchain: The new trend of fantasy football games bitcademy

The  services available at the marketplace are:

  • Talent management
  • Football players stats
  • Trading player tokens
  • Predictions

Bitcademy is a strong believer of the blockchain technology and the impact it can have in football. They recently stated in a medium article:

We will continue to push the market towards modern football solutions because we believe that player tokenization and market decentralization is the only way to go for the future.

Blockchain Football

Blockchain Football is a work in progress project, with non-fungible Ethereum tokens, which represent collectable football player cards.

The scope is to create a new ecosystem, in which the player can decide what role to have: Manager, Agent, Sponsor, Punter. This is the game in which virtual teams play using real stats from the players. Since this is using an Ethereum ERC-721 Non-Fungible Token (NFT), you will need to install  MetaMask on Chrome, and it will not work on mobile devices.

CashBet

A next generation solution designed to improve the gaming experience for players

This is the first phrase Cashbet uses to describe themselves.

CashBet is a new generation of monetization platform for social and mobile gambling.

It is a modular game system, comprehensive, and fiat-and-cryptocurrency prepared. They offer everything from back-of-house solutions to customized apps.

Last year, Arsenal signed a sponsorship deal with CashBet, with the aim to promote CashBet’s Initial Coin Offering (ICO) at the 60,000-seat Emirates stadium. This deal was regarded as the first time a major global sporting team has officially partnered with a cryptocurrency company.

CashBet said it is “actively targeting a global, multibillion-dollar marketplace of i-gaming content providers, operators and players”.

CoinDeal

CoinDeal is a cryptocurrency exchange, launched in 2018. They brag to be one of the best exchanges in the world, considering their daily volume, which is stated on CoinMarketCap. CoinDeal offers over 40 trading pair and users have the possibility to vote for their favourite crypto to be added to the platform.

Football and blockchain: The new trend of fantasy football games bitcademy

CoinDeal has just entered into their 2nd year of partnership with a Premier League team. After a successful 12 months with Wolverhampton, CoinDeal has now become the first permanent sleeve sponsor upon the club’s promotion into the Premier League.

The company will be the first in their country to host a Premier League club and also have seen a rapid increase in interest and habit since connecting with Wolves.

Crown League

Crown League is a US-based fantasy football project, in development, which strives to bring a decentralized American football platform for fans who lack ownership. Basically, this platform will somehow add the missing link between fans and football teams and players. It is advertised to be the “world’s first professional fantasy football league”, built entirely on blockchain.

The platform was due to launch this season. However, they have postponed it for next season. To add some sarcasm to the situation, how can this be the first platform of its kind, when it wasn’t even launched? Sounds more like a PR agency than an actual blockchain project.

eToro

eToro was founded in 2007 and is a global multi-asset investment platform, easy to use, with a database of over 6 million users. The platforms provide tools to invest in and create a portfolio with cryptocurrencies, stocks, commodities, ETFs and more.

The eToro system has two unique instruments, which ease the trade of cryptocurrency: CopyTrader and CopyFund. CopyTrader is an advisable tool for crypto newbies, who aren’t certain what crypto to select for investing. It unlocks access to best dealers’ strategies an assists beginners to analyze and gain their private trading experience. CopyFund, allows more experienced users to diversify their portfolio instantly, leveraging the ability of artificial intelligence.

etoro premier league clubs

Recently, eToro announced its second year as their biggest sponsor of six Premier League teams: Southampton, Tottenham, Crystal Palace, Leicester City, Aston Villa and Everton.

Fantastec SWAP

Remember those collectable albums we had as kids? Now, it’s all digital and on the blockchain. the aim of the game is to complete all the clubs’ albums. This is done by buying collectable packs and swapping them with others, hence the name of the game, Fantastec SWAP.

“Collect your favourites” is the headline of this digital collectable blockchain platform. Every new football season, new collectables are added, “featuring player autographs and exclusive content.” The game is available exclusively on mobile platforms, iOS and Android.

This seems to be a game for football team fans, players and collectors. They developers promise they will sign more partnerships in the 2019 season, and users of the platform will have the rare chance to collect new football player cards, autographs and more.

The game lists the logos of 3 prestigious football clubs from European leagues on their homepage: Arsenal, Borussia Dortmund and Real Madrid.

The blockchain on which the entire platform is built upon will ensure that transparent and secure trades are made, while the available pack are drawn fair.

Fantasy Manager Football 2019

Fantasy Manager is a mobile football simulator.

The users are the managers and you can choose your team, using real-life players. The stats of the players are based on real-life players. The game is available only on mobile platforms, iOS and Android.

Fantasy Manager Football 2019 is developed by From The Bench, who claims to be the biggers sports game developer in the world, “with the biggest official franchise of football clubs as well as official licenses of the NBS, NFLPA and MLBPA.”

PRO Football Supervisor 2019 Cup brings you the very best experience of true performance with the greatest soccer player rosters by engaging a leading manager and battles coming from all football fans globally. Contain Cristiano Ronaldo, Diego Costa, Bacca, Higuain, Griezmann, Bale or even Neymar in OFFICIAL CLUBS like Juventus, Chelsea, Real Madrid, Barcelona, etc on your roster. Start developing your livelihood of football manager and reach the best in this sport game by winning matches.

Download PRO Football Supervisor 2019 Cup, trainer in the true league at no cost and direct a formal group in this soccer game! Handle your favourite clubs utilizing the very best approach and be the ultimate winner! Are you going to visit Russia to score a winning goal?

FootballCoin

FootballCoin is a daily fantasy football blockchain game, that includes 11 of the top leagues. Players are judged on their real performances and winners are awarded XFC cryptocurrency for their knowledge.

FootballCoin is not just another fantasy game, but it’s the first game built entirely on blockchain. There is a major difference between blockchain games and crypto games and FooballCoin proudly represents the first category. DigitalTokens team considers this to be an important milestone in the blockchain adoption process by the mass, as FootballCoin is clearly one of the top fantasy football blockchain games.

footballcoin Football and blockchain: The new trend of fantasy football games bitcademy

FootballCoin promises real winnings, real-life stats, collectables and manager experiences. The game uses crypto to run its own economy, and they used their own blockchain, where anyone can check the transactions of the game’s cryptocurrency. All the major European leagues are featured in the game, as well as the Chinese and American ones.

FootballCoin is a rather complex game, that uses collectable cards for each footballer, and depending on their real-life stats, some are ranked higher and are in limited number on the blockchain. These collectable cards are regarded as assets, which can be traded or sold inside the game. The cryptocurrency used within the game is also available for trading on different cryptocurrency exchanges, such as CoinDeal.

The key points FootballCoin takes pride in these 3 key points: free to play, positions itself as a blockchain game and it has a reality-based scoring system. And by using your football knowledge to create football teams using real-life footballers, you will earn real crypto which you can use to buy collectables or exchange for other cryptos or sell from fiat.

FottballCoin is playing big and acts in real-life too, and earlier in the 2019 football season, FootballCoin has become one of the sponsors of a top team from the Romanian football league.

FootballStars

FootballStars is a free football manager game, with 2 different play modes, which take football fans to a new level.

Divided into two fully functional modes – Challenge-Mode and Manager-Mode – Football-Stars offers whatever football fan hearts desire. While the Challenge-Mode lets users face new challenges with their self-assembled teams on a daily basis, Manager-Mode users manage their individual teams to fight for the title over the course of an entire season. Both modes are based on the football players’ real-life performance data, which are being tracked through our data provider, “Opta”.

FootballStars Football and blockchain: The new trend of fantasy football games

FootballStars brags to have the rights for using the official photos and logos of the Bundesliga but also featured the top 5 leagues in Europe. The game is free to play, and the coins won in the game can be ultimately exchanged for amazing gift cards or other products.

Football-Stars is incorporating blockchain technologies to deliver token-based interactions, through the STRYKZ token (the token of the founding company), to its own platform.

Soccer Manager

Since 2018, Chimaera, the self-proclaimed first blockchain gaming platform, has entered a partnership with Soccer Manager to build a blockchain football management game.

The Chimaera blockchain functions as a decentralised gaming backend that’s scalable, secure, and trustworthy. They stated:

Play-to-Earn gaming will make freemium gaming as we know it obsolete. Players are no longer burdened to keep shelling out money the further they progress in a game. The opposite is true- the more they play, the bigger the earnings.

Football and blockchain: The new trend of fantasy football games

The game features League and friendly matches as well as tournaments. Players can also challenge themselves directly and compete against each other, in the quest of SMCs (Soccer Manager Coins).

Socios

Becoming more than just a fan of your favourite football club or player, is what Socios is all about. The app aims to give a voice to the true fans of football and let them vote and decide on club matters. Socios doesn’t look like one of the fantasy football blockchain games you’d expect, but it promises to involve football and blockchain, and hence, its appearance on our list.

Socios calls it making an impact:

When you own Fan Tokens, you join a pool of supporters whose collective decision-making power is absolute. Our partner teams will seek your input on club matters by running binding and non-binding polls – binding poll results are an instruction which clubs agree to follow.

Football and blockchain: The new trend of fantasy football games

Other milestones are highlighted on their homepage, such as rewards, leaderboard, games, market place, and a fan shop. So far, Socios has become partner with some prestigious European clubs: Paris-Saint Germain, Juventus, West Ham United, AS Roma and Atletico Madrid. They have also partnered with an e-sport team, OG.

 

SportyCo

SportyCo is a decentralized sports investment platform, who has recently become an official sponsor of RCD Espanyol. The investment platform is supported by footballers like Roberto Carlos and Ronaldinho.

SportyCo believes that each and every promising athlete deserves the chance to pursue their professional career and each little investor hass to have the ability to back an athlete they believe in. Why is this shift necessary?

The up-and-coming athletes at the beginning of the pro careers face a good deal of issues associated with financing their training and involvement in events throughout the world. Additionally, many sports clubs and other sports businesses cope with acute financial and liquidity problems. That is why SportyCo makes a direct appeal towards investors and athletes

SPF Token is at the base of SportyCo’s ecosystem. The blockchain-based system is supplying the best, most secure, and transparent crowdfunding mechanism.

Football and blockchain: The new trend of fantasy football games

Each crowdfunding effort on SportyCo’s system is going to be recorded in SPF Tokens. SPF Tokens are also used to buy extra services which SportyCo provides to athletes, sports clubs, investors, and other participants at the ecosystem.

From a technical standpoint, SPF Token is an ERC20 compatible utility token and it is currently listed on several cryptocurrency exchanges.

 

SUPERBLOKE

SuperBloke is a Korean start-up, build on blockchain, that collects and grows football players.

How Blockchain technology can bring new kind of fun for football fans?

According to SuperBloke, a user can grow a footballer from rising star to superstar level, which is based on real-life match stats and can also compete with other users. Basically, users can train and build their own digital version of real-life footballers by collecting digital player cards using real-life match stats and in-game training.

This is all done via the blockchain-powered collectable dApp “FC SUPERSTARS” where users can hold these player cards as digital assets. After a footballer’s growth is completed, “it can be registered on Ethereum Blockchain and become a digital asset.”

Football and blockchain: The new trend of fantasy football games

Earlier this year, Superbloke announce that it will be Manchester City’s official blockchain-based Gacha partner in Korea, Japan, and Southeast Asia.

There are many online games related to popular sports like football have been concentrating on virtual players which the user trains and builds his team. But this is different because it is based on real-life stats and events. Is SuperBloke one of the fantasy football blockchain games? We would put it in the collectable assets category, but it’s pretty close to what we were looking for.


The list of fantasy football blockchain games is meant to bring together today’s top applications and projects. We are constantly looking for new projects to add to the list, so feel free to email us (contact@digitaltokens.io) if you know of any suitable project which is not yet listed here.

33 Cryptocurrencies Described in Four Words or Less

33 Cryptocurrencies Described in Four Words or Less

Bitcoin, Ethereum, Ripple and Litecoin which are the major cryptocurrencies have been good and bad investments. It has been a good investment for all those who have purchased them early and sold them in their high times, at the end of 2017. It has been bad for all those who have purchased in the all-time high and sold it in the recent week when the prices dropped down. The investors who have taken the risk during the dip can be richly awarded for their bravery and patience.

But this the past about these currencies, what can the future be? Are they good or bad investments?

Few economists see cryptos as a more technological invention than a quick to get rich scheme, if someone plans to invest in crypto then they should invest in the technology behind it because it is a technological revolution which has the potential to disrupt the fundamental aspects of the global financial systems.

Bitcoin, Ethereum, Ripple and Litecoin are the major cryptocurrencies right now.

Bitcoin is one of the most battle-hardened networks at present. It is one such cryptocurrency that can be relied upon and with its lightning network in the early stages, great things are coming. Bitcoins correction at present is due to many extraordinary market pressures and can hold value for now.

Ethereum is considered as the general purpose scripted blockchain which is found by the greatest minds of the present generation. It has the potential to one day rival Bitcoin. Ethereum took a large correction after the major market moves with high profile ICOs and is facing pressures from Bitcoin.

Ripple though is not truly decentralized but is lightning fast, it has the power to improve on the legacy banking systems and also help the streamline money transfer internationally.

Litecoin which is Bitcoins younger brother is the first true Altcoin that does not offer any technological developments over the protocol of Bitcoin. But it is likely a permanent fixture in the crypto world for many years yet to come.

33 Cryptocurrencies Described in Four Words or Less

In the meanwhile, the value of some lesser known tokens and altcoins can get the potential to fizzle out and certainly, the big players can see a surge in value before it’s too long. So it always doubtful about investing in cryptocurrencies because, if the investment is the speculative gamble for the user then it has the potential for short term gains or losses. But on the contrary, if the investment is a well-disciplined, strategy, academics and diversification for maximum returns, then it is closer to a game of roulette than to investment.

Investing with the major cryptocurrencies can be a risky game for the speculators than the investors, who can afford to lose a part or all the invested funds. If these cryptocurrencies can bring you huge profits, they also carry one more thing and that is to lose money. The predictions won’t always be right. None of them truly knows what is going to happen with the price of cryptos. It is always important to know which strategy works the best and also a good understanding of what makes a good investment.

33 Cryptocurrencies Described in Four Words or Less

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