updated details Peerplays
Peerplays is the World's First Decentralized Tournament Management and Wagering Platform Built Entirely on the Blockchain
Guaranteed Provably Fair Gaming
Peerplays' provably fair gaming system is 100% open source and built
directly onto the blockchain. You never have to worry about cheaters or unfair
house odds, because all games take place between real players and are matched
with each other through a series of on-chain smart contracts.
The core tokens of Peerplays are integrated into a fee-sharing program
called Fee Backed Assets or
"FBA". This means the blockchain automatically distributes a
percentage of the fees from every jackpot for every game on the entire network
to the holders of Peerplays core tokens.
Lightning Fast Speed
& Network Capacity
Peerplays is built on Graphene, the
fastest decentralized blockchain technology in the world. Graphene has been
successfully tested to handle over 100,000 transactions per second with average
block times of under 3 seconds.
Digital Asset Exchange
You can create your own tokens, buy and sell gateway tokens for popular
cryptocurrencies like BTC and ETH, wager with price-stable SmartCoins from the BitShares platform from a
growing number of reputable gateway services. You also have the opportunity to
provide your own profitable gateway services for in-game assets from all your
Casino card games are adjudicated by smart contracts as part of the native
blockchain code, and Peerplays' player matching algorithm creates a trustless
on-chain gaming environment. Since Graphene is incredibly fast, it allows for
the broadcast and revealing of blinded proofs at the frequency necessary to
facilitate real-time gameplay.
The Peerplays blockchain automatically
pays you a percentage of the revenue earned by each new account you refer for
the lifetime of that account. This means you earn "kickbacks" from
everyone you refer. Gaming partners can earn even more by getting all their
users to sign up for a Peerplays account.
The Peerplays blockchain can sponsor large tournament jackpots by
allocating a small percentage of every network fee into a smart
contract-secured virtual account called the Mega-Jackpot
Fund. Mega-Jackpot tournament events are automatically scheduled, and
then funds are unlocked by the smart contract and instantly transferred to the
You can earn PowerUp tokens every time you play in a Peerplays tournament.
They are the player rewards points of the Peerplays network, and are
distributed according to win-loss records and amounts wagered, among other
factors. PowerUp is the only token accepted as the buy-in fee for Mega-Jackpot
tournaments, so they will be in high demand during Mega-Jackpot sign up
periods. They are tradeable on the digital asset exchange.
Peerplays leverages the power of stakeholder voting to resolve consensus
issues in a fair and democratic way. All network parameters, from fee schedules
to block intervals and transaction sizes, can be fine tuned by elected
delegates chosen by you and fellow stakeholders.
Gaming Partner Support
As a gaming partner, you can connect your server through the Peerplays API
and take advantage of the decentralized network for processing wagers and
jackpots. You can also customize tournament structures, fee schedules, and fund
collection & distribution methods in order to maximize your profit
potential. Whether you are a game publisher, advertiser, tournament host or
vendor, if you plug into Peerplays you will gain shared access to the entire
network of users while still enjoying the freedom of operating your own
Players love PeerPlays for the opportunity
to compete against their peers, win huge prizes, and organize their own
Gaming companies love PeerPlays for the
opportunity to gain the network effect of a shared user base and to outsource
the liability for wagering, betting and payment processin
Contributors love PeerPlays for its unique
profit sharing capabilities, its one share, one vote blockchain consensus
model, and its innovative & trustless business model.
Announcement – BTS Snapshot Date
THE PEERPLAYS TEAM IS HAPPY TO ANNOUNCE THE DATE FOR THE BITSHARES (BTS) TOKEN SNAPSHOT.
What is a Snapshot?
Snapshots are a way of distributing ownership of tokens in a blockchain, and share-dropping is the vehicle through which shares in the new chain are proportionally issued. The token allocations for the Peerplays blockchain can be found here.
When the Peerplays chain is launched, the genesis block or “first record” contains shares that can only be unlocked using the private keys that correspond to each public key that was recorded in the snapshot. Since the rights to crypto-currency ownership are contained within the private keys, token holders must simply input their private key from the chain the sharedrop was based on into the new chain, and their new shares become unlocked.
The state-of-the-art blockchain infrastructure behind Peerplays (called the Graphene toolkit) is the end result of 2 ½ years of research, hard work and dedication from a large number of individuals and teams, many of whom are holders and/or participants in the BitShares (BTS) project.
Peerplays has chosen to sharedrop 5% of its tokens onto BTS as a tribute for the work already achieved, and also as an incentive to promote future support from those who have participated in building this amazing open-source technology.
Because a “hard date” could potentially cause unnecessary BTS market volatility, the snapshot will instead take place on a random block that falls between the date range of:
SEPTEMBER 1, 2016 (0:00 UTC) – SEPTEMBER 16, 2016 (0:00 UTC)
All BTS held in collateral for SmartCoins as well as BTS held in open market orders will be included and honored in the snapshot.
Please be advised: Peerplays will not sharedrop onto any publically known exchange or 3rd party escrow account addresses. To guarantee that you receive your entire sharedrop, you must hold BTS in your BitShares wallet ( ie. “Freedom Ledger” or “Open Ledger”) during the entire date range specified.
The security of the Peerplays blockchain is dependent on shareholder participation. In the past, certain exchanges have promised to distribute share-dropped tokens onto their users, only to rescind that promise at a later date. Furthermore, other exchanges have chosen to exercise the voting rights of their users’ tokens without obtaining express permission from their users to do so.
We believe that most cryptocurrency exchanges are reputable, honest and professional. However, since we cannot fully guarantee the trust of our users will not be violated by the methods outlined above, we have determined that the potential security risks in allowing any exchange to participate in the sharedrop process outweighs the convenience that might be afforded by supporting them.
Lucky for everyone, BitShares happens to contain its own fully functional on-chain exchange with gateway tokens available to trade in dozens of popular cryptocurrencies. We are hopeful that these existing features will offset any trading inconvenience experienced during the snapshot process.
If you have any questions about the snapshot, please visit the announcement thread on the bitshares forum, or email us at powerup @ peerplays.com.
TECHNICAL NOTES: To determine the exact block of the snapshot, the
block id of the last block produced after 0:00 UTC September 16 will be
divided by the number of blocks produced from 0:00 UTC September 1st
through 0:00 UTC September 16th, and the remainder (mod) of that
division will represent the block number (from this date range) that the
snapshot will be taken.
For more on Peerplays and latest news follow @peerplays
The Game is Ready to Play!
The first Peerplays on-chain game has arrived!
Join the Peerplays testnet right now and be a part of blockchain history
Peerplays is about replacing the need
for for centrally controlled and restricted online gambling platforms
with a provably-fair and open wagering system. Hold on to your
joysticks folks…we are about to crash the party. Today, the world’s first real-time interactive game built entirely on the blockchain is ready for you to play!Since all games on Peerplays take place
peer-to-peer, you must have a partner or group of people to play
against. Here are some suggestions for finding partners:
Invite a friend or family member to create an account and join you.
Head over to the Peerplays RocketChat channel and find a community member to play with.
Create a tournament with a future start
time, and specify the number open seats for players, and then wait for
people to join. The video below explains more about how to create and
The Peerplays test net uses the exact same blockchain technology that
will soon be launched on the main net, and thus it stands as a true
working prototype. We want to thank the Peerplays community – we
wouldn’t have gotten this far without all your support. Please stay
tuned – some major announcements are coming shortly!*There may be periodic down time on the test net, as fixing bugs is a
part of testing. If you experience any glitches or odd behavior, please
share your feedback at https://peerplays.chat/channel/testnet-feedback.
**Important Announcement** PEERPLAYS Snapshot Date
PEERPLAYS Snapshot Date
The Peerplays team would like to announce the snapshot date for the PEERPLAYS token.
If you are holding or trading PEERPLAYS tokens right now, please read this announcement carefully!
Why is a PEERPLAYS snapshot needed?
From May to June of 2016, $500,000 USD in Bitcoin was donated to the Peerplays blockchain project by contributors in a public pre-ICO crowdfund. These contributors received receipts for their donations in the form of digital tokens called “PEERPLAYS”, which later became tradeable on the BitShares decentralized exchange. If you currently hold or trade PEERPLAYS tokens on Bitshares, you are holding one of these donation receipts.In the original pre-ICO announcement, the Peerplays team proposed to raise funds to achieve the following development goals:“Completion and delivery of the on-chain tournament management platform, the on-chain wagering system, the automatic profit sharing distribution system, and the world’s first game built directly onto the blockchain itself.”As of last Friday, December 2, 2016, the Peerplays team has successfully completed all of these development goals with the release of Rock, Paper, Scissors, a real-time interactive on-chain game prototype on the Peerplays public test net. The next phase of the project will involve the official Peerplays ICO, followed by the launch of the blockchain.
What is a “snapshot” and how will it work?
A “snapshot” is a way of creating a record of who holds a particular asset or token as of a specific date and time, so that holders of such asset or token can be allocated a proportional stake in a new blockchain. When the new blockchain is launched, the genesis block or “first record” contains new tokens that can only be unlocked using the private keys that correspond to each public key (from the old tokens) that was recorded in the snapshot. In other words, if you hold PEERPLAYS tokens at the time of this snapshot, you can then unlock the corresponding Peerplays blockchain (PPY) tokens when the official blockchain launches by importing the private key (owner key) backup from your BitShares account into the new Peerplays blockchain wallet.
When does the snapshot happen?
Currently PEERPLAYS tokens can be traded on the Bitshares decentralized exchange but cannot be transferred between Bitshares accounts. All trading of PEERPLAYS tokens will be halted and will no longer permitted as of December 23, 2016 at 12:00am EST . If you would like to buy or sell PEERPLAYS tokens, please be advised that you must complete all of your trades on the BitShares decentralized exchange (Freedom Ledger / Open Ledger) before 12:00am EST on December 23, 2016. For the subsequent 3 days after December 23, 2016 (ending at 12:00am EST on December 26, 2016), transferring of PEERPLAYS tokens will be permitted, which means you can transfer your PEERPLAYS tokens to any BitShares account you wish. This will be useful, for example, if you want to consolidate your PEERPLAYS token balances into a single account, or if you currently hold your PEERPLAYS tokens in group Bitshares account and now the members of your group wish to hold their tokens in separate Bitshares accounts. After this 3 day period is over, on December 26, 2016 at 12:00am EST, all PEERPLAYS token transferring activity will no longer be permitted, and a snapshot of PEERPLAYS tokens will be taken.
When is the next Crowdsale, and when does the Peerplays Blockchain go live?
The date and format of the Peerplays ICO, along with the milestones for phase 2 of the project will be released in a few weeks. For now, stay tuned to the Beyond Bitcoin Hangout every Friday morning at 10am EST for updates and Q&A with Jonathan Baha’i and Michael Maloney, and be sure to head over to the test net to try out the world’s first real-time interactive on-chain game!– The Peerplays Team
Beyond Bitcoin Hangout – Peerplays Update