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 favorite RPGs.
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 tournament winners.
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 independent website.
Players love PeerPlays for the opportunity to compete against their peers, win huge prizes, and organize their own tournaments.
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