Algorand blockchain network will host online chess player rating data in order to boost the result verification so let’s learn more about in the latest blockchain news.
The world chess data will not be recorded on the Algorand Blockchain network. The platform is open to players across the world and as a result of the lockdowns, the gamers around the world are now streaming digital chess matches on different platforms. Algorand is now trying to keep the player’s game honest. FIDE online Arena will record the official chess ratings and all of the titles data on Algorand’s decentralized blockchain network which will bring reliability and transparency to the rating system of digital chess. The data will also be accessible to all other chess platforms and media sites.
Shoutout to the big streamers who've discovered chess. Some do it once or twice, some every single stream. Some are casual visitors to our game, some are becoming obsessed. Streamers like @xQc @BoxBox @voyboy @Papaplatte @Yassuo @nymnion Chess thanks you for all the new fans.
— Hikaru Nakamura (@GMHikaru) May 21, 2020
With the latest Algorand protocol, there will be removing the friction from existing models as million of global chess players will have access to transparent reporting as one of the world’s most popular games. The COO of Algorand Sean Ford explained:
“We are beyond thrilled to partner with FIDE Online Arena and World Chess to bring digital chess ratings onto the Algorand blockchain for the first time. This historic moment brings the blockchain community one step closer to mainstream adoption, as a widely popular competitive game like chess leverages distributed ledger technology to serve as the official record for trust of millions of online chess players and fans.”
Six months after the World Chess, the official tournaments that determine the world champion announced a new IPO on Algorand which will leverage the blockchain further to develop a new gaming opportunity for millions of players. The integration of the Algorand blockchain network will include rewards and incentives for the entire community. The CEO of World Chess Ilya Merenzon said:
“It’s exciting to continue bringing innovation to chess. The advent of digital games on the internet made chess more popular than before, and now we can’t wait to further explore blockchain innovation for digital chess.”
Hikaru Nakamura, the top-ranked chess player in the world and five-time US Chess champion agrees. During the pandemic, Nakamura turned to novel ideas to popularize the sport and to use different streaming services such as Twitch. World Chess hosted a virtual game on June 17th where the youngest player Sergey Karkajin and Cryptographed Algroand Founder Silvio Micali, faced off in a match.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]