Play2Live Rolls Out Level Up Chain, Its Own Blockchain System
One of the down sides about the increasing movements in esports—whether it’s playing, playing for viewers, adding commentary or just offering up news—is the difficulty involved in monetizing it. Just getting an audience can be a tough call, especially with all the competition out there. Gains have been made, and fairly significant ones, but there’s still quite a way to go. One of the newest entries on this front features Play2Live, who recently released its own blockchain, Level Up Chain.
Level Up Chain is designed as a way to better connect gamers of all stripes, since it provides effectively unlimited bandwidth to its users. Given that Play2Live users are expected to measure close to five million strong by the first quarter of 2019, that’s no small feat.
The main network will be able to process as many as 500 transactions per second—by way of comparison, bitcoin processes a maximum of around seven transactions per second, which is part of its scalability problem at last report—so it’s clearly ahead of the curve. Moreover, the cost of transactions are expected to be minimal; estimates suggest transaction costs will stay at one penny US per transaction.
Basically, Play2Live is poised to release a system that should improve its own operations and make for a better user experience. This is exactly what platforms need to do in order to maintain their position in the market; those who fail to do so are likely to lose out to competitors in the field. With plenty of such competition out there, the need to improve is present throughout the market.
While Play2Live’s new blockchain capability should be impressive enough, and potentially give it a lead out in the field, it’s likely not going to be an edge for long. Ripple already can process 1,500 transactions per second, at last report, and that’s right now. NEM is handling 4,000 transactions per second, and it’s not even top of the heap. Just to really drive the point home, Visa processes 24,000 transactions per second. Still, any advance is an advance worth pursuing, and Play2Live may have gained at least a temporary edge.