Cryptonews: YAMZU eSports tournaments on the Blockchain

Yamzu is designed as a fully operational, browser-based eSports tournament platform. The Yamzu platform makes eSports competitions available to any gamer in any location on Earth. The platform is the only one of its kind, being entirely browser-based. Rival companies face constant struggles due to users’ privacy concerns, and several other entry barriers such as the need to download a user interface. Meanwhile, our internal user research shows that a browser-based platform does indeed show more growth potential. These factors instill confidence, especially considering Yamzu’s preexisting user base (10,000) and irrefutable track record of 300% annual growth in just two years of activity

History of Yamuzu

Company based in Sweden, which has more than ten thousand active users, nearly two years ago, so the income increased by 300% last year. The platform is currently active. The goal is to finance mass marketing campaigns to build a global brand and increase the number of players with the ICO campaign. In addition, the infrastructure of the platform block will be integrated and, in particular, the allocation and payment transactions will be immediate and smooth

Exports ICO market

Following the recent boom of the cryptocurrencies market, several start-ups operating in the eSports sector have raised funds through ICO (Initial Coin Offerings).

Yamzu on Blockchain

As a one-stop shop for eSports tournaments, Yamzu follows in the footsteps of platforms of the like of Twitch and Steam, places situated at the crossroads of multiple revenue streams. In addition, we plan to offer advanced tools (e.g. tokens) which will greatly simplify monetization for our users. To achieve this ambitious objective, Yamzu has structured a series of processes that were deemed necessary to ensure speed, efficiency and ease of use of the platform. The following section highlights these processes that are empowered and upgraded thanks to the introduction of Blockchain technology

Vitalik Buterin managed to take an important first step in a world which in just a short time ago recognized Bitcoin as the sole relevant benchmark for the market. To gain a better understanding of what makes Ethereum so innovative and disruptive, we should take a step back and remember that one of the major benefits of Blockchain technology is indeed the possibility of eliminating, from any given transaction, the third “trusted” party and therefore allowing two “trustless” individuals to exchange value in complete confidence and security.

This level of confidence is justifiable since Blockchain is the technology that supports the complete decentralization of all operations that run through its system which are consequently registered on its virtual ledger. Every person in possession of this technology acts as a user as well as a guarantor of what has happened in the past and what is happening in the immediate present.

The potential of this technology is expressed by what is commonly referred to as “decentralized ledger”. It has been defined as “decentralized” because every user of the technology can access the entire ledger, containing all transactions that have occurred from the creation of the Blockchain up to that specific moment. The ledger is in fact updated in real time as new transactions are added to the chain. Bitcoin’s ledger and relative registered transactions date back to 2009, whereas the ones captured by Ethereum date back to 2015.

The security of this technology resides in its decentralizations properties: the more the level of adoption of the Blockchain increases, the more the ledgers are shared, exactly duplicated and made available, the more the ledger will be airtight and “trustless”. It is defined as “trustless” because the verification of the truthfulness of a transaction is obtained based on the number of consensus that are confirmed by the system as the transaction is read by more nodes of the network. (A node is the

hardware system, usually a PC, that holds the entire Blockchain ledger).

Ethereum indeed shares the same features as its predecessor Bitcoin, which is to say the decentralized ledger, but moreover introduces in 2015 an entirely new concept: The Smart Contracts. Up until that moment the only operations executable on the Blockchain were very similar to bank transactions of debit/credit: simple transactions that registered the change in ownership of the value of the relative cryptocurrency.

The Smart Contract (for simplicity SC) has made possible and continues to makes possible even today the execution of more complex actions, achievable at the materialization of certain conditions, without any need for human intervention apart from its creation and deployment on the Blockchain.

Token