PLAYCHIP ECOSYSTEM DESIGN

The PlayChip Ecosystem is comprised of a number of functional elements that interoperate in a manner that bring the elements of online gaming and blockchain technology together. Players interact with the ecosystem via PlayChips and a number of different wallet options. They can also optionally interact via an online web interface for carrying out transactions if they prefer. The operation of the ecosystem will be described at a high level by describing the movement of PlayChips between the functional elements shown in the diagram above.

PLAYCHIP

Players will receive their PlayChips into PlayWallets supported by the PlayXchange, or third party user wallets supported by third party partner exchanges that support PlayChip.

As an example, PlayChips located in a third party user wallet can be transferred to the Players’ PlayChip Gaming Wallet via an Ethereum transaction. This will involve sending the token via the PlayChip Foundation Merchant Wallet supported by the PlayXchange, which will then allocate the tokens to the corresponding user gaming wallets in the PlayChain. Due to the business rules in the gaming environment there will be two ledgers in the gaming wallets for differentiating tokens in the pay-to-play and free-to-play gaming environments.

Alternatively, PlayChips located in third party user wallets can be transferred to equivalent wallets supported by the PlayXchange (User Hot Wallets). These wallets can transact directly to the Ethereum chain, and must also support payment of gas fees via a nominal Ethereum balance as well.

Players who have PlayChips in their user hot wallet can transfer PlayChips via the PlayXchange to their corresponding PlayChip gaming wallets in the PlayChain to engage in online gaming within the PlayChip ecosystem.

Players can convert their PlayChips to fiat currency or other cryptocurrencies directly from their third party wallet via a third party exchange, or from their PlayWallet via the PlayXchange. PlayChips located in the gaming wallets will have a number of mechanisms to transfer out to other wallets with different timing and cost implications. 

PLAYWALLET

The PlayWallet is the term given to the interface to view and transact users’ PlayChips in their possession. A PlayWallet is comprised of a PlayChip wallet (used for gaming) and an optional user ‘hot wallet’, which allows users to transact directly with the Ethereum network via the PlayXchange.

The PlayWallet functionality will be integrated with the PlayXchange and PlayChain and will be able to be used on a number of platforms including IoS and Android. In all wallets, the users’ PlayChip balances, transactions and deposit addresses are standard features. As the user hot wallet is more transactionally focussed it will contain more details around currency conversion rates like a conventional exchange-based wallet.

The PlayWallet will be more focused around integration into the gaming environment and the rules involved in moving chips in and out of the game interfaces. As PlayChips are placed into a game, they will move into an escrow ledger until the results of the game are known. PlayChips are then moved out of escrow into their new location. The actual movement of PlayChips between wallets is carried out by the PlayXchange and PlayChain.

PLAYXCHANGE

The PlayXchange is the core function in the PlayChip Ecosystem as it will support the following key functions:

• Supports the PlayWallet via customisable APIs to allow the PlayChip foundation to increase the sophistication of the PlayWallet over time.
• Interfaces to the PlayChain to support the movement of PlayChips within the PlayChip ecosystem.
• Interfaces with 3rd party exchanges and wallets via the Ethereum Blockchain.
• Supports the movement of PlayChips from the global Ethereum network into the PlayChain for gaming use.
• Support the PlayChip movement business rules to support the regional gaming and cryptocurrency legislation.
• The PlayXchange will be supported on PlayChain foundation infrastructure and be designed to have levels of integrity and resiliency that will support the level of availability that is required by the PlayChip ecosystem.

PLAYCHAIN AND GAMING INTERFACE

Gaming events will be carried via REST APIs to the gaming platforms in a similar manner to the operation of the existing platforms. The existing game graphical user interfaces (GUI) will be integrated into the PlayWallet as part of joining the PlayChip ecosystem. Additionally, our operational partners will interface with the PlayChain to allow for the movement of PlayChips between user wallets and gaming platforms.

This PlayChain will provide the mechanism for supporting the PlayChip wallet ledgers and transaction logs, and will eventually become an integral part of the PlayChip ecosystem business logic for the gaming process and compliance regimes. For this to occur seamlessly the chosen technology must support high transaction speeds to be efficient enough for the PlayChip ecosystem. The aim is to develop the architecture to allow the morphing of the PlayChain so that it is seamless to the users.

The PlayChain contains the transaction ledgers of the PlayChip ecosystem, and so allows PlayChip Foundation administrators the ability to query transactions in order to resolve technical issues and possible customer disputes. The users’ PlayWallet will also have the facility to show individual users transaction logs as well so that Players are equally well informed on the status of past and inflight games.

PLAYCHIP FUTURE TARGET ARCHITECTURE

The next generation of blockchain technology is evolving to support higher transaction speeds and lower transaction costs. The PlayChip Foundation will continually assess these technology options in order to keep the PlayChip at the leading edge of blockchain functionality, whilst preserving the ease of use and integrity of the overall solution. When the correct technology exists, the PlayChip and PlayChain will be migrated at the appropriate time based on maturity of the solution. At this early stage we expect the solution could either be based on a next generation Ethereum or the ERC20 token could be migrated to an entirely new chain technology suitable for high volume gaming transactions. The migration would be similar to what EOS and TRON have just completed.

This approach will allow the benefits of consensus and smart contracts to be introduced into the PlayChain where it makes sense and allow the PlayChip and PlayChain to remain at the forefront of the industry.