Bitquest: The Bitcoin Based Minecraft Server Essay Example
Bitquest is a Minecraft Server that uses bitcoin as its foundation, which raises concerns among many people regarding cryptocurrencies in video games.
Both the gaming community and the Bitcoin community have been actively discussing and expressing excitement about integrating bitcoin into video game economies.
The anticipated partnership between Bitcoin and the gaming sector has not materialized, despite multiple factors influencing it.
Founded in December 2014, Bitquest is a pioneering force in the gaming sector. Its aim is to revolutionize the gaming industry worldwide by being the only Minecraft server powered by Bitcoin.
Minecraft, a game that is both widely popular and addictive, has the potential to enhance the bond between the Bitcoin community and the Gaming community.
Some consider the game to be iconic.
The server's in-game economy revolves around emeralds. Players have multiple ways to acquire emeralds, including defeati
...ng mobs, searching dungeon chests, and engaging in player-to-player trading.
One emerald is equal to one Bit, and a Bit is equivalent to 1/1,000,000 of a Bitcoin.
Within Minecraft, players have the ability to choose an exclusive deposit address. This address allows them to send bitcoins and in return receive emeralds.
In order to convert their emeralds back into bitcoin, players are required to place them in the enderchest.
The enderchest functions as a server bank, where emeralds are converted into Bitcoin and subsequently sent to players' individual addresses.
At present, three approaches exist for creating and allocating Bitcoin to players: mining, sponsorship, and donation. The server's hardware primarily handles the acquisition of the majority of emeralds in the game.
Mobs are a means of distributing emeralds as they frequently drop them when defeated, making it easy to gather emeralds in the game.
This server is supported
by Xapo, an online wallet that speeds up and simplifies your microtransactions.
Xapo can be used for both withdrawals and deposits. In return for providing a large number of users, Xapo funds the hardware and emerald circulation within the network.
The online wallet features serverwide gaming competitions that offer substantial prizes in Bitcoins to the winners.
Bitquest has a helpful and hospitable community that sets it apart from other servers, making it popular among gamers. As Bitquest continues to grow, it will bring improvements to the Bitcoin community.
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