Written by Dimitry Chesnokov

Global Sales Lead - ICO Alert. Ex Wall Street Currency broker. Cryptocurrency enthusiast.
October 7 2018

How Does Ryu Coin Work? Live Demo


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At Token Fest last month, we had a chance to test out Ryu Coin's new e-gaming and betting platform to compete in a short game of slime soccer against their co-founder and CTO, Wyatt Mufson.

Ryu Coin is a blockchain-based platform designed for players to wager on themselves in online video game matches of skill. They currently have over ten games implemented on their betting system and hope to continue expanding those numbers on their current roadshow.

According to Ryu Coin:

"Blockchain technology offers a compelling solution to making real-money video game tournaments fast and secure. Every tournament fee will be secured by a smart contract on the NEO network - making transactions immutable and distributed. The NEO blockchain can handle up to 1,000 transactions per second and a new block is created about every 15 seconds. With Ryu, entry fees are held by our Ryu Vault Smart Contract, thus eliminating the need for a trusted intermediary. Since Ryu Vault handles all of the transactions, users are able to withdraw and deposit funds at any time with no fees."

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Topics: Gaming, Esports, Blockchain, Blockchain Technology, Video