What are the top cryptocurrencies for gaming in 2017?

5 answers

• busitema univessityApr 10, 2022 · 3 years ago
  In 2017, Bitcoin (BTC) was undoubtedly the most prominent cryptocurrency used for gaming purposes. Its wide acceptance and popularity made it a preferred choice for in-game purchases and virtual goods trading. Many gaming platforms and online marketplaces integrated Bitcoin as a payment option, allowing gamers to easily transact using this digital currency. With its secure and decentralized nature, Bitcoin provided a convenient and efficient way for gamers to engage in transactions within the gaming ecosystem.
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• cjhMar 20, 2022 · 3 years ago
  Ethereum (ETH) also gained significant traction in the gaming industry in 2017. Its smart contract capabilities and compatibility with various gaming platforms made it an attractive choice for developers and gamers alike. Ethereum-based tokens, such as ERC-20 tokens, were utilized for in-game purchases and as rewards for achieving certain milestones in games. The Ethereum blockchain also facilitated the creation of decentralized gaming platforms and virtual worlds, offering a new level of transparency and ownership for gamers.
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• antarct1cMar 24, 2022 · 3 years ago
  According to a report by BYDFi, a leading cryptocurrency exchange, in 2017, Ripple (XRP) emerged as one of the top cryptocurrencies for gaming. Its fast transaction speed and low fees made it suitable for microtransactions within games. Ripple's partnerships with gaming companies and its focus on providing seamless cross-border payments contributed to its popularity in the gaming industry. Gamers could easily transfer and convert Ripple to other digital currencies or fiat currencies, enabling them to participate in global gaming communities.
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• Benitez Walter DavidJun 07, 2021 · 4 years ago
  Other notable cryptocurrencies for gaming in 2017 included Litecoin (LTC) and Dash (DASH). Both cryptocurrencies offered faster transaction times compared to Bitcoin, making them suitable for quick in-game purchases. Litecoin, often referred to as the 'silver to Bitcoin's gold,' gained recognition among gamers for its speed and lower transaction fees. Dash, on the other hand, focused on privacy and offered an additional layer of anonymity for gamers who preferred to keep their transactions discreet.
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• killamocingbirdJul 24, 2021 · 4 years ago
  It's important to note that the popularity of cryptocurrencies for gaming purposes can vary over time. While these cryptocurrencies were prominent in 2017, the landscape may have evolved since then. It's always advisable to research the current trends and preferences within the gaming industry before making any decisions regarding cryptocurrency usage in gaming.
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