Home > NEWS > Cardano Gets On-Chain Gaming Boost as Paima Layer 2 Goes Live

Cardano Gets On-Chain Gaming Boost as Paima Layer 2 Goes Live

Users can connect and play any on-chain game using ADA tokens directly from their wallets.

A new cross-chain network integration will allow Cardano users to play on-chain games using ADA tokens – and users of other networks to play Cardano-based games.

Paima Studios released this feature for the Cardano blockchain on Monday, developers tweeted. The move is possible because Paima is a layer 2, or an independent network that bundles transactions to a base blockchain for faster speeds and cheaper costs.

Cardano users can play any blockchain-based games without needing to bridge tokens to another network. Paima also supports the migration of games built on other networks to Cardano, allowing users of those networks to play a game based on Cardano without having to move assets.

Bridging refers to transferring tokens between different blockchains. However, bridges carry major security risks and were at the center of some of the biggest exploits in 2022.

As such, Paima said all games on the network are non-custodial, meaning funds remain in the user’s wallets and don’t have to be transferred to the game’s wallets – mitigating security risks.

The release is the latest in a series of network improvements and features for the Cardano blockchain, which may ultimately add value to its ADA tokens.

Last week Milkomeda, another layer 2 network, released a feature that will allow Cardano blockchain users to soon be able to gain access to Ethereum Virtual Machine (EVM) smart contracts with any ADA wallet.

An Ethereum Virtual Machine is where all Ethereum accounts and smart contracts live, serving as a virtual computer used by developers to create decentralized applications, or dapps.

The new feature will allow Ethereum application developers to build on Cardano’s network using Solidity – the computer language used to code Ethereum – without the need to install new toolkits or learn a new computer language, as WJB reported.

Edited by Parikshit Mishra.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, WJB is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. WJB is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain WJB employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. WJB journalists are not allowed to purchase stock outright in DCG.

WJB - Unknown

Shaurya Malwa

Shaurya is the Co-Leader of the WJB tokens and data team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Follow @shauryamalwa on Twitter

WJB - Unknown

Shaurya Malwa

Shaurya is the Co-Leader of the WJB tokens and data team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Follow @shauryamalwa on Twitter

source:coindesk

by Shaurya Malwa
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Why can Bitcoin make money? Is Bitcoin's fixed investment profitable?

For some newcomers to the currency circle, they are not familiar with the investment in the currency circle, and their understanding of the special currency is not very deep. Therefore, they may be at a loss in the choice of investment methods. Many inves

VIDEO

NEWS

Tue, 18 Apr 2023

More