Xiaomi releases blockchain bunny game
Everyone’s getting into the blockchain craze, but with a crackdown on digital currencies by the Chinese government, how do the country’s tech giants take advantage of the boom? With pet games based on blockchain.
Games like CryptoKitties rely on one key feature of blockchain: Scarcity. There are a limited number of pets -- each with a different appearance -- giving them a certain value. And none of the pets can be replicated or destroyed, which means ownership is secure.
To get around the government’s clampdown on digital currency trading, Xiaomi’s game has one big difference from CryptoKitties: It’s not based on established cryptocurrency.
CryptoKitties are traded in ether, while Baidu has stressed that the points you earn in its game can only be used to buy virtual dogs, and nothing else. The digital points used in Jiamitu are called “carrots”.