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Stalinabad, Tajikistan.
1 Level
152 Review
24 Karma

Review on eBoost by Jesmin Akter

Revainrating 3 out of 5

In-depth overview and analysis of eBoost.

Following its introduction as the world's first in-game software token, eBoost has established itself as one of the most dynamic cryptocurrencies to which investors are rushing. Aside from that, the currency is seeing a little uptick in popularity among experienced eSports players, which can be attributed to the currency's fast and secure blockchain, in addition to the way it handles game transactions, which we'll go over in more depth later in the article Instead of using a Proof-of-Work (PoW) consensus mechanism, eBoost has selected Scrypt as the hash algorithm for its blockchain. It gives participants the opportunity to exchange money while also ensuring the security of the global currency in circulation.

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The custom blockchain created by eBoost is tailor-made to keep up with the eSports gaming industry. It helps in checking outcomes in eSports tournaments and helps speed up transmission processes. In order for the universal digital ledger to register the new device, authenticate the distant users, set up the contract to exchange power with other devices, and finally store EBST coins for value, the universal digital ledger must do all of the above. Since this ledger is distributed, it cannot be tampered with, and this is why it provides secure payment options. In-built staking is available on the platform. Customers will have the ability to stake tokens in the eBoost wallet and receive interest payments that cannot be restricted.

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No matter where you live, you may use eBoost coins for gaming apps that are really worldwide competition. By introducing a single currency, the implementation provides for a smooth game experience. Finally, eBoost allows player-versus-player matches and multiplayer fights to be wagered in-game. When you wager proportionally on these combats or on your own personal battles in skill-based competitive games, you're rewarded for your abilities. Several gaming currencies have their own blockchains, but eBoost has the most coherent and flexible blockchain. This is because the eBoost uses smart contracts and a distributed ledger to provide end-to-end solutions. The eBoost blockchain is quicker than the Ethereum blockchain. Ethereum tokens have to be mined before utilizing which slows down the network. The Decentralized Ledger uses blockchain technology to monitor tournament outcomes and process money contributions and withdrawals instead of Ethereum and Bitcoin, which both suffer from heavy traffic due of an abundance of activity.

Pros
  • Online betting is easy to use.
  • This provides for an accelerated transfer of tokens.
Cons
  • Losing its popularity.
  • Low trade volume in exchanges.