i updadet the anno
Executive Summary
The original Scorecoin, which was a Proof of Work Coin, has been updated to implement Masternode capabilities. The current version is now Proof of Stake (POS). Our vision for Scorecoin is to connect game developers and gamers, enabling them to seamlessly transact and purchase additional functionality within respective games.The main usage envisioned for Scorecoin is to be an in-game Currency for mobile games. We also plan to get Scorecoin accepted within game stores as a payment method.
Scorecoin in its current state offers two distinct advantages over Bitcoin as a traditional payments method:
Scorecoin transactions are confirmed in a much faster fashion, lending themselves more useful for payments processing
The expensive transaction fees for Bitcoin do not lend themselves useful for small transactions. Scorecoin facilitates micro transactions for in-gape purchases
To differentiate from projects that may operate in the gaming sphere, we have clearly narrowed our focus on a specific channel, mobile games. More specifically, we will concentrate on Android games in the initial stages, with a plan to broaden our in-app currency solution offerings to IOS games in the near future.
The Masternode version is POS, meaning that you do not need dedicated machines to mine it. This provides Scorecoin community and miners an energy efficient and simple mining solution. By locking coins, masternode owners are incentivized to continue operating their node to receive a periodic reward in the form of more Scorecoins.
This all seems a bit late to the game overall. What edge do you have over coins like Gamecredits or Enjin? They have highly experienced teams, both on the crypto side and game development side moving their tech forward and correct me if I am wrong but didn't it take about 7 months for SCORE devs to figure out how to get MNs working from initial official release date?
Tnx for your questions.
First , it didnt take 7 months for the masternodes.
We said it would be released in september, we had several things like updating old source, then building an exchange, but finally creating scorecoin with new blockchain.
Secondly i would say, we try to specify to niche sectors, what gamecredits or enjin doesnt do.
We have especially android games in our focus.
Its better to be big in small markets, then small in big markets we believe.
Also we are open for ideas.
