• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
lightnite bitcoin game
Nexo

Bitcoin-Integrated Battle Royale Game Lightnite Lets Players Earn BTC

Christine Vasileva by Christine Vasileva
3 years ago
in Bitcoin Technology, Bitcoin, Bitcoin News, News, News teaser
0

Multi-player battle gaming can now happen on the Bitcoin Lightning Network, courtesy of Satoshis.Games. The platform, introduced during the latest LN conference, allows players to earn and spend BTC directly, during the gaming process.


Game Integrates with Bluewallet and LN Payment Channels

The Lightning Network has opened doors to long-awaited BTC microtransactions, and has found one of its use cases in gaming.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

We are announcing our new game at @LNconf ⚡ Here is the medium article about Lightnite, our #Bitcoin integrated battle royale game 🎮 You'll also find a trailer in the article: https://t.co/dgpzQYo7xn

— Satoshis.Games (@SatoshisGames) October 19, 2019

Leveraging the potential of Lightning Network for micropayments, Lightnite by Satoshis.Games directly debits and credits BTC matched to in-game points, to players.

“Lightnite is an online multiplayer battle royale game where every specific digital interaction between players triggers a monetary reward or penalty. In simple words, players earn bitcoin by shooting other players and lose bitcoin when they get shot,” explained the Satoshi.Games team.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Players will also be able to purchase in-game items directly through their wallet, or through their in-game balance. The Satoshi.Games team has recommended Bluewallet as a tool to access the Lightning Network.

The increasing prominence of Bitcoin LN has created speculation that even a major gaming company could use the technology.

The first major gaming company to add support for lightning network will changing gaming forever, and probably have a massive windfall on their hands.

Is it going to be EA? I doubt it, but it’s a cool thought. https://t.co/Hiy5cC4A46

— Conner Brown (@_ConnerBrown_) September 19, 2019

But so far, only Ethereum offered a way to link gaming with digital coins. This, however, had to be done on the main blockchain, achieving a much slower and expensive interaction. Networks like WAX offer faster transactions but use an asset with a volatile market price.

Lightning Network Offers New Path to BTC Adoption

Satoshi.Games, joins the list of companies using the Lightning Network as the primary interaction medium for new BTC users. Lightnite’s creation arrives at a moment when new startups are arriving to use the LN directly, through compatible wallets. Satoshi.Games requires an upload of a chosen amount of bitcoin onto the Lightning Network, but there are companies that have already tested options for fiat-to-lightning payments.

The Lightning Network still has a great potential to carry transactions, currently having the potential to move above 800 BTC. Bitcoin payment channels keep adding to the network offering safer pathways.

#LightningNetwork https://t.co/Q0CaYRhLWD observed:
10,209 nodes (5,895 with active channels)
35,149 channels
817.064 BTC capacity ($6,512,432)

median node capacity: 0.005 BTC ($39.28)

past 24h:
+24 nodes +150 channels +0.957 BTC ($7,629)#Lightning #LN #bitcoin $BTC

— Lightning Network statistics ⚡ (@LNstats) October 18, 2019

Currently, the Bitcoin network processes above 300,000 transactions per day, but at a higher fee, and is not viable for microtransactions. The Lightning Network is seen as relatively risky, but the small sums sent and received match the risk. Since its launch, the Lightning Network has diversified its payment channels, and the pathways are no longer concentrated with a few players controlling multiple nodes.

What do you think about Lightnite’s in-game bitcoin transaction option? Share your thoughts in the comments below!


Images via Satoshis.Games, Twitter: @SatoshisGames, @LNstats, @_ConnerBrown_

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christine Vasileva

Christine Vasileva

Christine Vasileva is a financial news and business writer, tracking the latest developments in fintech and the effect of blockchain and crypto-assets on global business and finance.

Related Posts

CoinCorner's the Bolt Card, promotional image

The UK Goes Lightning: CoinCorner Offers The Bolt Card, Contactless BTC Payments

3 hours ago
Argentina

Argentina NGO Spearheads Mission To Educate High Schoolers About Crypto

21 hours ago
Shiba Inu

Shiba Inu Extinction: Finder Panel Predicts SHIB To Have Zero Value By 2030

24 hours ago
Russia

Russia To Legalize Cryptocurrency As Form Of Payment, Minister Says

1 day ago
Bitcoin

Bitcoin Open Interest Nosedives, But All Hope Is Not Lost

1 day ago
USDC Exchange Reserves Start Fall, Dry Powder For Bitcoin?

USDC Exchange Reserves Start Fall, Dry Powder For Bitcoin?

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.