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What is cryptocurrency?

Just a few days after the release of Cryptocurrencies, users traded just over $ 1 million in the game. CryptoKitties is a collectible breeding game that allows users to collect funny cartoon cats in a Chinese blockchain and buy and sell them on a special platform. The game became so popular among the Chinese blockchain community that at the beginning of its release, Ethereum Network He encountered a slow speed.

Working with such cartoon characters is fun and lively, but the main purpose behind making this game can be to prove the potential effects and applications. Blockchain He said it was easier to raise the level of security and trade digital assets.

In the report of the work of this game, or other words in its white paper, it is stated that this project has a special focus on the discussion of payments. Finally, the game’s creators hope that by expanding their vision, users will be able to better understand what the Chinese block can do.

Cryptocurrencies are not a currency but an asset

Most blockchain-based projects are published with a digital currency. These currencies are tradable tokens that have practical value and can even be exchanged as shares of the company. The supply of tokens has become one of the most successful tools for financing startups, to the point that in many cases, even the budget has exceeded millions of dollars.

Cryptocurrencies, on the other hand, are not digital currencies, but Chinese blockchain assets that have many structural similarities to other tokens; At the same time, there are many differences between them. Each cryptocurrency is unique and no similar cryptocurrency can be found. This is one of the most important principles in the discussion of digital currencies. This means that every dollar is a dollar, regardless of where it was received, what year it was printed, or how easily it was obtained. The dollar is worth it because we have accepted that value.

The value of unique tokens stems from their rarity. Each cryptocurrency is an ERC-721 token with its characteristics. These special features are written in its code and determine whether it is a “phenotype” or a “genotype” of a cryptocurrency. In other words, these codes are the genetics of the cryptocurrencies that determine the characteristics of each and are written directly in the ERC-721 tokens.

The combination of phenotype and genotype allows four million possible states to be defined for cryptocurrencies, each of which is unique.

Etherum based platform

Instead of creating its blockchain, the game uses the Ethereum network. Smart contracts also control everything that leads to the creation and exchange of these cryptocurrencies. As a result, no central oversight body can control your assets. Anyone who owns the tokens has kits for them and can keep them or exchange them.

Because cryptocurrencies use the Etherum network, payback and all transactions are done through Ether. It is not yet possible to buy cryptocurrencies with traditional currencies. But the game developers plan to add this feature to the game soon.

Storing and exchanging cryptocurrencies requires a copy of walled Etherum runs on web browsers. One of the easiest solutions to make exchanges on this platform is to use “Meta Mask”. It is also possible to work directly with cryptocurrency smart contracts by coding. However, you will need the Metamask plugin to use and work with your cryptocurrencies.

What do we need to play cryptocurrencies?

• PC or laptop connected to the Internet with Google Chrome or Mozilla Firefox installed.
• Install Metamask Wallet, which can be downloaded and installed as a browser add-on from the following links.

• Where did these kits come from?

  

  The first cat in this game was born on December 2, 2017. From then on, a cat is born every fifteen minutes. This trend will continue until November 2018 until there are no zero generation cats left. According to the game’s main report, there will be only 50,000 zero-generation cats.

  Once this number is reached, all zero generation cats can give birth. Each cat can play the role of a parent. The owner of the mother cat also receives the result of this birth. This newborn cat, in addition to characteristics similar to its parents, can also have unique characteristics. In a special kind of mutation that rarely happens, a fancy cat will be born that has a high value.

  Theoretically, there is no limit to the number of cats, and you can have new cats as long as you can afford the birth transaction fee.

  There is also a market for breeding with other cats; So that you can have a child by paying a sum to the mother cat owner. There is another market for cats that have not yet given birth.

  China Block Art?

  

  The noise that these unique assets have made in the world of digital currencies raises the question of whether this is art.

  Cryptocurrencies are both funny and beautiful. However, their value is due to their uniqueness and rarity. Now imagine the value of a luxury cat with special details.

  The art of blockchain, on the one hand, and the scarcity of these assets, on the other, have led to a trend toward cryptocurrencies. Imagine that an artist can protect the originality of his product by blockchain. Although cryptocurrencies operate in the context of the Chinese blockchain, this does not mean that art is not found within them.

  Finally, the creators of this game consider cryptocurrencies to be just a game and show no interest in expanding their artistic dimensions. On the other hand, the company behind this project believes that it is possible to make people more familiar with the Chinese bloc through this funny method; Just like the famous Minesweeper game that made people familiar with computers. Or flash-based games that got people hooked on the internet. Or Farmville, which drew people to the social network and, of course, the “angry birds,” which brought people and smartphones closer together.

  Technical issues: Smart cryptocurrencies contracts

  The game uses a modular structure of smart contracts and their other libraries. The core contract, by tracking the ownership of each kit, determines its identity and transfer. On the other hand, the same contract is responsible for the production of new cryptocurrencies. Beyond all this, all the functions arise from the main contract, which leads to the execution of other contracts.

  Other contracts are the same functions that cause the offspring and genetic determination of cats. As mentioned earlier, Atrium Blockchain smart contracts can be coded directly by coding. But the easiest way would be to use a metamask.

  What is the price of cats and how to buy them?

  

  The easiest way to buy cryptocurrency is to use the store section (Marketplace) Is on the website. Because each cryptocurrency is unique, the price of each will vary. The cats on this site are priced from 0.003 to 100,000 atriums.

  You must have Atrium in your account before purchasing cryptocurrencies. You can get this Etherum through foreign exchange offices such as “Bit Phoenix”, “Kevin Base”, “Kriken”, or domestic exchange offices.

  After purchasing Atrium, transfer it to your Metamask wallet, which you have already installed in the browser. From now on, your work will be easy and all you have to do is register and buy your cryptocurrencies through the relevant section on the game website.

  How to store cryptocurrencies?

  To do this, you can use the official Atrium wallet on the browser, namely Metamask. Allows you to hold and trade your assets. If you want to use hardware wallets to store your kits, you can also use “Ledger Nano S”. This hardware wallet supports ERC-721 tokens.

  Development team

  Axiom Gene is the team that made this fun game. The team’s portfolio includes a variety of projects, from virtual reality glasses to blockchain technologies. But cryptocurrencies can be considered one of the strengths of their record.

  Their revenue is also unique through the Chinese blockchain and this game. The company makes a good profit by selling zero generation cats. On the other hand, for each transaction that takes place in the game platform, it receives an amount equal to 3.75% of the total transaction. By the end of this year and with the end of the zero generation cats, the only source of income for the developer will be the location of these transactions.

  Of course, this does not mean that you have to buy your kits from the official market of this game. It allows you to trade your cats in informal markets as well so that you do not make any money on the Axiom Gene. Smart contracts in the game auction can not be considered so useful and reliable for transactions.

  Time frames and roadmap

  

  In the first week of December 2017, when the game was released, the platform had about sixty thousand users, one hundred thousand cats, and five million dollars in circulation at auction. In the same week, game officials announced that about 25% of Atrium network traffic was due to the game.

  The following week, the numbers multiplied to 150 million users and the working capital at auction was $ 15 million.

  According to the roadmap published by this company, the game’s mobile software with full features of the web version will be released in 2018. Acceptance of illicit currencies will also be added to the game soon. By the end of 2018, all zero-generation cats will be born.