Rejecting Bitshares, game streaming outfit Play2Live decides to roll its own blockchain
Needs more scale
Decentralized game streaming platform Play2Live has announced it’s going to develop its own blockchain.
Labelled Level Up Chain, the Russian outfit says the move will “potentially provide unlimited bandwidth for its users”.
The Level Up Chain main net will be able to process up to 500 transactions per second, with additional functionality modules running on their own sub-chains.
The peak power of Bitshares is not enough to cover all the activities of Play2Live
The result, it hopes, will provide the overall capacity to handle 100,000 transactions per second, with fees of around $0.01 per transaction.
Play2Live plans to launch its testnet in July and to have 5 million users by the end of 2018.
We need a bigger blockchain
Play2Live had previously been developing its technology using the open source Bitshares technology but CTO Vladislav Arbatov commented it faced ‘complex scaling and risks of bottlenecks as the functionality of the platform expanded, and the amount of transactions increased’.
“The peak power of Bitshares is not enough to cover all the activities of Play2Live,” he said.
“That is why we are realizing product architecture that will allow us to scale the project without putting it to risk of depending on the capacity of the third-party blockchain,” he said.
Founded in 2017, Play2Live raised $30 million though the ICO for its Level Up Coin ($LUC) in early 2018.