Raiki is a fighting game in which two players commit some bitcoin and the winner takes it all. The game also has a way to make viewers interact with the game, as they can spend fractions of bitcoin to add challenges or aesthetics. The developers showed the game earlier this month during the Advancing Bitcoin Conference in London.
On that day Nopara73 from Wasabi Wallet and Nicolas Dorier from BTCPay fought each other on stage. The game is developed by Mandelduck Studios, and it uses an software development kit from micro-transactions made by Bitcoin development studio Zebedee.
Thanks to the SDK by Zebedee it’s easier to add Bitcoin payments over the Lightning Network to any game out there. A studio called THNDR Games is using it so that players can earn a bitcoin payments for collecting points. This incentive results in an increased user retention and higher ad revenue, according to a statement on Zebedee.io.
At the same time several game studio’s are already using Lightning payments in their games. Take Bitcoin Bounty Hunter and Lightnite for example.
10 million to push development
Developers are still working on the Lightning Network. Recently Lightning Labs acquired 10 million dollars in funding to make things happen. This could potentially mean a lot to Bitcoin. This financial injection is needed to continue development and make bitcoin payments relevant and easy for users from all ages and all around the globe. Ultimately the payment system for Bitcoin needs to compete with traditional payment providers like Visa and Mastercard.
What is the Lightning Network?
The Lightning Network is a second layer on top of the Bitcoin blockchain. What the Lightning Network does, is creating a temporarily communication channel between two parties. Here these two parties can make as many transactions as they want. Only after closing the channel, the nodes can communicate the outcome of these transactions to the Bitcoin network. As a result a transaction on the Lightning Network only needs to cost a fraction of a cent.
All these developments could bring more utility and therefore adoption to bitcoin. Ultimately the developments on the Lightning Network could have a positive effect on the value of bitcoin.
Also published on Medium.