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How the actor model could enable better blockchain gaming apps

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Can developments in computing help fix blockchain gaming’s quality problem? Decentralized applications (DApps), including apps for gaming, have gained traction for their transparency, security and user asset ownership. However, delivering high-quality AAA gaming experiences through DApps presents challenges. Existing 2D gaming DApps operate on blockchain networks using smart contracts for asset management. While they’re favored for their simple mechanics and resource efficiency, their limitations become evident as the complexity of the gaming experience increases. Scalability is a primary hurdle for traditional blockchains like Ethereum, impacting real-time interactive gaming due to constraints surrounding transaction throughput and latency. Performance is also an issue. AAA games require high-performance computing and superior graphics rendering. Yet, existing DApps struggle to meet these demands, resulting in subpar visual experiences. Moreover, developing AAA gaming DApps is costl...

Block Books $50 Million in Bitcoin Gross Profit in Q1 2023

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Jack Dorsey ’s Block released its quarterly results on Thursday, May 4. The fintech company generated a gross profit of $1.71 billion in Q1 2023, up 32% year over year. The company’s Cash App , on the other hand, reported a gross profit of $931 million, up 49% year over year, while Square generated a gross profit of $770 million, up 16% year over year. Source: Shareholders’ Letter Also Read: MicroStrategy Posts Q1 Profit With Bitcoin: MSTR Up 120% Bitcoin-related profit numbers As far as Bitcoin-related profits are concerned, the letter to shareholders revealed, “Bitcoin gross profit was $50 million in the first quarter of 2023. The total sale amount of Bitcoin sold to customers, which we recognize as bitcoin revenue, was $2.16 billion. Bitcoin gross profit was 2% of bitcoin revenue.” The latest $50 million marked a 43% incline from Q4 last year. From the year-over-year perspective, it was up 16%. Owing to the rise in Bitcoin’s price, the company did not b...