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Is Battle Infinity IBAT token the next Polygon?

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As the crypto sphere continues to boast of expansion and increasing inclusion, more projects arise to improve the experience. There now exists a Multiverse that facilitates cross-chain gaming, a web3.0 version.

That is the summary of what IBAT and Battle Infinity are all about.

What is Battle Infinity?

Battle Infinity aims to be the ultimate crypto project. As cryptocurrency develops and provides additional services beyond transactions and decentralized record keeping, some areas that are receiving due attention include the DeFi gaming and fashion sectors.

Ten years ago, there was no way to trade fashionable, exclusive, or unique pieces online, in a marketplace designed especially for it, but now you can. You can also buy skins and gaming items that are exclusively in your control.

Fashion and gaming are incorporated into the blockchain to improve the experience of users and cryptocurrency enthusiasts.

Let’s start with what NFTs are and how they come into play. With time, you will understand what Battle Infinity stands for and what it offers.

But first, here is a brief explanation of the blockchain.

It is a decentralized system where information about transactions is stored. Initially, that was why it existed.

Now, the blockchain has a couple of desirable features that you may be unable to duplicate in real-life situations.

For instance, it is an incorruptible ledger, which means it cannot be altered or engineered to suit a person’s self-serving interests. Once an interaction has been recorded, there is no taking it back. It cannot be undone.

The blockchain must be this way to ensure true decentralization. Zero remains zero, and there is nothing like a lost cent. Every transaction that every wallet engages with is recorded and cannot be altered fifty years from now.

There is undeniable transparency on the blockchain, and it is through this ability that concepts like Web3.0 and NFTs can come to life.

Remember how transparent the ecosystem is?

All information recorded on it is available to all. This is because it is a public blockchain.

Now, you need to understand NFTs to a certain extent. The most straightforward description is that they are tokens that are exclusively yours. You get a digital signature that indicates you are the sole owner. Well, you and a group of others who also buy the NFT.

It works like the principle of tokens or cryptocurrencies. A transaction cannot be recorded twice. If you have three bitcoins, you have exactly that; no other person can spend the ones in your wallet, which makes it uniquely traceable.

This is through the use of digital signatures and public and private keys.

NFTs thrive on that system, but they take things a step further. With the Multiverse and Metaverse, you can put your NFT to use.

A little bit more on NFTs – there are different types. There are music data, sports, collectibles, fashion, and artwork. Of course, there are gaming NFTs, which brings us to how Battle Infinity comes in. This is a brief introduction; there’s more to learn later!

With all these different sectors arising from the Metaverse and NFTs in the gaming world, decentralization is slowly fading. It was becoming a paradox that a community of technology experts had not yet found a solution.

That is, until recently. On July 11, 2022, a new crypto project was launched. It was to be unlike any other, a savior of a kind.

It was to be a gaming platform that unified every other system needed to host and truly run a decentralized gaming world. This is called the Multiverse.

Battle Infinity likely has a literal meaning – a platform where you can play NFT games infinitely, with all the resources you will need at your disposal. You can hop from one gaming world to another hitch-free and use your resources anywhere you like.

Note that these gaming resources, like swords, axes, pots of gold, characters, and what have you, are NFTs. They are limited, just like cryptocurrencies should be. They are also worth something, so you can look to the blockchain when you want an upgrade or change of any kind.

The reason it is so easy, but also more complex than normal, for you to have this sort of fun on the blockchain is because of projects like Battle Infinity.

Battle Infinity is a crypto developer’s hub. It is the place you sign up for if you want to develop your own game and make money from the NFT arena. Every software you need to build an epic battle is available, and you will be surprised at how affordable it is.

You can also sign up to play to earn cryptocurrencies.

Because of the overarching data available on the blockchain, NFT games can boast interoperability.

Gaming on the blockchain may be one of man’s greatest inventions. It opens you to a realm of possibilities you did not know.

You can hop from one game to another with the same tools and resources. You can use your earnings from one game to purchase items in another game since they are all NFTs and an array of limitless possibilities.

Gaming on the blockchain is limitless because of overarching data. An NFT developer can mint an NFT steel axe series, sell them to users, and make money.

These steel axes are data but pricey data. They are also transactions that are recorded on the blockchain.

Since blockchain information is accessible to everyone, game developers can look at the trending NFTs and create games around them. In other words, the developer creates games where the NFT purchased can be used.

All of this can be hosted by a single blockchain, and this is where Battle Infinity comes in.

There are thousands of cryptocurrencies and hundreds of blockchains, but the most popular and reliable ones are the Ethereum and Bitcoin blockchains. As a result of this credibility, many new projects are built on the blockchain; parallel blockchains can also be developed.

You see, Ethereum is renowned for its smart contract capability. This is why games, NFTs, transactions, and other basic services on the blockchain can be made possible. However, when Ethereum was built, it aimed to offer a smart contract service, provide ERC-20 guidelines, and facilitate transactions.

But most notably, Ethereum was built for its smart contracts. With smart contracts, you can genuinely carry out transactions without any third-party involvement. It is why NFT games, sales or exchanges, and any other decentralized finance activity that uses the blockchain can be executed.

With the safety and popularity of Ethereum, instead of building a separate blockchain for a decentralized finance project, you can develop an Ethereum parallel blockchain. It is what Suresh Josh and Jagjeet Jena aimed to achieve.

Now, the network is host to play-to-earn or P2E games and is labeled the Battle Arena.

You need to buy some tokens and own NFTs to participate.

What is IBAT?

Every cryptocurrency protocol needs its token for business. Funds must be raised to pursue and facilitate the concept of decentralized finance. And what better way to do so than to create a digital asset that will run and be distributed solely based on data?

IBAT is that cryptocurrency for the Battle Infinity project. You need IBAT to play games on the universal gaming platform. You also need it to stake for more money, engage in fantasy sports games, or shop from the NFT marketplace.

And if you are buying and trading on the platform, you must convert your funds to IBAT.

The Battle Infinity ecosystem thrives on IBAT and vice versa.

As the project continues to make do with its plans, the value of one IBAT token will increase alongside. IBAT is not listed on major exchange platforms yet, so you must use a decentralized exchange platform to participate.

On September 2022 one IBAT is trading at 0.0038, a floor price.

What is Polygon?

Polygon is another very important cryptocurrency project. With Polygon, developers have all the resources they need to build decentralized applications on the Ethereum blockchain.

Again, the Ethereum blockchain is gaining recognition because of its reliability. It isn’t the fastest, or the cheapest, which are two areas Polygon strives to improve.

In terms of speed, Ethereum can record 15 transactions per second. This is a low transfer per second speed compared to many emerging solutions like Ada and Solana. The reason for this slow speed is the consensus mechanism used by the network; it aims to conserve energy and was one of the first few to develop in the sustainability direction.

This is called the Proof-of-Stake consensus model; validators must stake their nodes and agree on the validity of a transaction to be added to the blockchain. Because you cannot alter data already validated and included in the blocks, a dishonest validator can be found ten to fifteen years from now.

There is no way to cover those tracks.

Ethereum’s Proof-of-Stake mechanism is slow, even though it is reliable, honest, and transparent. In contrast, Polygon offers a transaction-per-second-speed of 65,000. You pay less gas fees because the service relies on a simpler validating algorithm.

Instead of keeping that strength or advantage to itself, the Polygon project creates a parallel blockchain, a bridge for other cryptocurrencies to take advantage of its fast speed and low fees.

DEXs or decentralized exchanges are the services that make what was just described possible. You buy the token in question and exchange it for your desired one through the Polygon blockchain.

Again, all this is possible because of the overarching data found on the blockchain.

Polygon was created in India, just like Battle Infinity.

What is Matic?

Matic is the native token for the Polygon project. Like every native cryptocurrency, you must own some to take advantage of the services offered. Whether investing or buying to trade or develop DApps, you need some Matic for the ecosystem.

One Matic is currently trading at $0.79.

What are the similarities between Polygon and Battle Infinity?

Polygon and Battle Infinity are often mentioned in the crypto marketplace. There are several similarities – Polygon and Battle Infinity are parallel blockchains built as a part of the Ethereum ecosystem.

Suresh Joshi and Jagjeet Jena founded Battle Infinity, so it is an Indian-based company. The same applies to Polygon – Jaynti Kanani in India founded it.

The other similarities are no other than the services rendered – they both make transactions easier; they also provide an accessible platform for developers to bring their ideas to life.

What’s more, they are both hosted on the Ethereum blockchain, but that is where the similarities end. One area focuses on the gaming sector, while the other offers a solution to DApp developers. They are not the same.

Therefore, it is impossible to say one is replacing another.

Because of a platform like Polygon, the Ethereum blockchain is significantly improved and more valuable. The faster transfer-per-second speed makes it easier and, of course, faster to send and receive tokens as well as perform other decentralized finance tasks.

In the same vein, the services offered by the Battle Infinity project are aimed at the gaming community; developers of games, NFT minters, Web3.0 fashion experts, and gamers.

What are the differences between Polygon and Battle Infinity?

Polygon and Battle Infinity are designed for different communities. One is for a community of gamers and game developers, while the other is aimed at decentralized application programmers.

Can Battle Infinity replace Polygon?

No, Battle Infinity cannot replace Polygon because the two projects are not the same. They exist in different categories and can co-exist.

They are not in competition because they offer different services; one is for transactional speed improvement, while the other aims to develop the future of gaming.

Battle Infinity is not the same as Polygon, nor will it replace it. And no, it is not the new Polygon either.

They have several similarities. For one, they are parallel blockchains that simultaneously exist on the Ethereum blockchain.

Battle Infinity and Matic also exist to improve the services of the blockchain. The former provides a platform that encourages and makes it easier for game developers to create enhanced gaming experiences. Meanwhile, the latter aims to improve transactions for crypto users.

Battle Infinity cannot replace Polygon because they are not the same. They are designed for different services and can indeed co-exist.

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