Categories: CryptoNews

Peerplays Open Sources Automated Blockchain-based Distribution Model

The Peerplays protocol is quite an interesting one to keep an eye on for any cryptocurrency enthusiast. This gaming platform has been focusing on using blockchain technology by creating an open-source fee sharing module. Any Graphene-based blockchain can distribute profits directly to its token holders. No more need for intermediary services or platforms, the way it should be done.

Peerplays Introduces Automatic fee-Sharing Distribution

With the growing demand and support for cryptocurrency and blockchain-based tokens, automatic fee-sharing distribution becomes even more important. Peerplays has been focusing their attention on creating a solution that works for everyone. Users can distribute dividends, promotions, and even free samples to token holders. Moreover, real-time distribution of stock dividends becomes possible as well.

Peerplays Blockchain Technology Consultant Jonathan Baha’i stated:

“Peerplays is aiming to be the first truly Decentralized Autonomous Cooperative (DAC), and we have just added a major piece to the puzzle. With this new profit sharing module, all the fees that Peerplays charges for smart contract operations and peer-to-peer wagering will be distributed directly to the holders of the core Peerplays blockchain tokens, just like a traditional co-op pays dividends to its shareholders.”

Related Post

Projects such as BitShares are based on the Graphene blockchain concept as well. Albeit this new addition does not mean the solution is suddenly available to BitShares users, the developers could integrate this functionality if they want to. The dividend distribution code has been published under the MIT software license, allowing anyone to use it freely.

The Peerplays platform has been making a name for itself true decentralized wagering and creating a tournament platform on the blockchain. Their API can be used by any gaming and betting website to allow for blockchain-based wagering. All things considered, this concept is something that can help push blockchain adoption in various fields.

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Aptos (APT) and Tron (TRX) Prices Slide, As Volume Soars For Rollblock Suggesting Parabolic Rally

As Aptos and Tron prices take a recent downturn, the spotlight shifts to Rollblock, whose…

3 hours ago

Altcoins to Watch in November: Binance Coin (BNB), Rollblock (RBLK), and Neiro (NEIRO)

As the crypto markets roll into their most bullish time of year, we present three…

3 hours ago

Analysts Forecast $1 for Cardano and Lunex Network As Dogwifhat Plunges To Former Lows

As the crypto market prepares for a major rally, experts believe that two top altcoins,…

3 hours ago

Retail Traders Panic Sell During ‘Fake Dip’; Whales Hold Tight to SOL, DTX, and SHIB for a Millionaire-Maker Bull Run

Solana (SOL): A Strong Ecosystem Despite Volatility Solana (SOL) has been all over the place…

4 hours ago

Llama 3.2 Predicts Price For Dogecoin: $2 Peak By 2025 And $5 Rally For DTX Exchange This Winter

Cryptocurrency trends are keen on the forecast that was recently released by Llama 3.2 model…

4 hours ago

Crypto Whale Sparks 8x Surge In $OPK Price with Massive Buy-in

A mysterious crypto whale, who previously invested 9,600 SOL into tokens $Pnut and $FRED, has…

6 hours ago