Light⚡️nite is a video game based on the Bitcoin Lightening Network.
The games has a single person shooter mode where you shoot Covid Spores and a Multiplayer mode where you shoot other players. You earn Bitcoin by defeating the Spores or other players in five minute matches. Additional Bitcoin can be earned by removing weapons and special clothing from defeated players, which can be sold for more Bitcoin.
There are two very interesting cryptocurrency concepts underlying this game economy.
First is Micro-transactions.
The Bitcoin Lightening Network is a side chain of the Bitcoin blockchain. Micro-transactions are not possible on the regular Bitcoin blockchain. The players win Bitcoin measured in 500 Satoshi amounts, which are transferred between players by micro-transaction. The game also features an in game store where players can sell weapons and clothing game rewards for Bitcoin. These are also micro transactions.
Second is non-fungible tokens.
The in game rewards, the weapons and clothing are non-fungible tokens, which are thus each unique and produced in varying numbers. There are four rarity classes which determines an items total supply:
- Legendary - 1 unit;
- Rare - max supply of 100 units;
- Premium - max supply of 500 units;
- Normal - unlimited supply.
So the guns and clothing are removed by the winner of in game battles by the victor. So in addition to 500 Satoshi of Bitcoin per battle, the players can sell items they removed from opponents in the in game store for Bitcoin.
Satoshis Games Studio and Blockstream Partnership
The game is a partnership project between Satoshi Game Studio and Blockstream, a company which worked on the Bitcoin Lightening Network project.
Satoshis Games Studio
While Satoshis Games Studio specializes in creating a software platform to adapt video game software to the blockchain. Satoshi Gaming Studio is on a mission to change gaming and blockchain gaming forever.
Their vision is to change blockchain based video games into a new financial ecosystem or commercial market. This new financial ecosystem will have many new financial characteristics.
Satoshis Games Studio Vision for new video game ecosystem.
First, it will allow players to earn and spend BTC directly, during the gaming activities.
Second it will allow allow players to own their in game reward items, and hold them in special wallets as nonfungible tokens, which can then be traded or sold at an in game store.
Third, it will have in game stores where players can use Bitcoin to buy game items, but perhaps more importantly sell game items for Bitcoin.
Fourth these games will feature new wallets for game items which have been tokenized, as non-fungible cryptocurrency tokens.
Fifth these blockchain games will be based on the Bitcoin sidechain, called Bitcoin Lightening Network.
Satoshi Faming Studio believes Bitcoin is the perfect Cryptocurrency to use for video games rewards revolution.
Bitcoin is the oldest and most favored cryptocurrency. Satoshi Studios believes the strong name recognition of Bitcoin and its world wide respect as a store of value make it the perfect vehicle to convince the world that Blockchain Gaming is a viable business model.
But the Bitcoin blockchain is characterized by transaction fees and transaction speed, which make the micro transaction needed fir a video game impossible, as well as the need for micro- transaction fees.
However, the Bitcoin Lightening Network is a side chain of the original Bitcoin blockchain, so it’s native token is Bitcoin. And the Bitcoin Lightning Network allows micro transactions and micro transaction fees in Satoshis and thus makes Bitcoin Video Game Rewards a viable business model.
Blockstream
Non-Fungible Tokens and wallets
Blockstream Software Company specializes in monetizing video game assets via tokenization, as in non-fungible tokens. Plus they build specialized cryptocurrency wallets for storage of both Bitcoin and Bitcoin non-fungible tokens which represent video game reward items like weapons and clothing. Thus these wallets are specialized for storage of rewards won in the game.
Blockstream was one of the major developers working Bitcoin Lightening Network.
This company specializes in side chain development and deployment. It was a major contributor to the creation of the Bitcoin sidechain Bitcoin Lightning Network. This network specifications of a transaction volume potential of one million transactions per minute. Which makes it the fastest blockchain in existence and faster the World Leading Credit Card transaction processor VISA!
Blockstream Satellite
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Blockstream has taken Bitcoin into space. The Blockstream Satellite network broadcasts the Bitcoin blockchain around the world 24/7 for free, protecting against network interruptions and providing anyone in the world with the opportunity to use Bitcoin.
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Lightening Network Micro-transactions are revolutionary.
As you can see this is a revolutionary concept utilizing the Bitcoin Side chain Lightening Networks revolutionary micro- transaction capability and its speed of up to one million transactions per minute. A speed previously only possible in the Visa Credit Card transaction network.
Before the Lightening Network micro transactions in Bitcoin were not economically feasible. The success of games and other software constructs like this game will potentially open the door for other non-video game based economies, which want to deal in Bitcoin.
I have played the game in Beta and I am earning Bitcoin
Yes, I bought the game for 20 Euros and although it’s still in pre-production mode, I play single player in the Covid Minigame where I have one about 50,000 Satoshi and about eight unique weapons or items. See pictures below:
I have won about eight items in this pre-production game and about 56,000 Satoshis of Bitcoin.
Where to buy it
The makers of LIGHT⚡NITE — Satoshi Gaming is selling it for 20 Euros as a Pre-Order.
But... Use my referral code for a 20% discount off the price! Save five Euros!
Plus get free in game accessories and 500 Satoshi of Bitcoin when you use this code!
My Referral code: https://lightnite.io/ref=shortsegments
Download Instructions: tips/ tricks
Once you download the game there are a few tips and tricks that I would like to provide you to make it easier. clickable link to download tips
Final Thoughts
I hope you can now see why this is a revolutionary concept from both a gaming perspective and a decentralized economy perspective and how making it possible for gamers all the world to earn Bitcoin is a great use case for the adoption of both Bitcoin specifically and cryptocurrencies in general through increased awareness.
Written by @shortsegments
Shortsegments is a writer on financial and cryptocurrency topics for three years. He has written articles on blockchain, cryptocurrency, decentralized finance like MakerDAO and Uniswap. Plus the different types of cryptocurrency tokens like non-fungible tokens, the elements of DeFi like Tokenization, securitization, custodians, oracles and fractional Tokenization of assets. He has been on Leofinance since it’s beginning as Steemleo and followed the community across blockchains.
You can read more of his articles below.
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