Playing Chess Online & Bitcoin
Online Gaming Platform Targets Chessplayers
Anyone who has ever been a regular to a chess club knows how popular blitz for money can be. Yesterday Koala Studio announced the release of a brand new gaming platform where users can wager bitcoin against other chessplayers.
This novel concept is expected to create a great deal of interest. In a press release today the origin of the idea was revealed:
The idea for Lightning Chess emerged at the Chaincode Lightning Residency in Oct 2018 when Jack Mallers suggested that chess might make a good proof of concept.
During the event, a presentation was given on the possible integration of the Lightning Network on a gaming platform.
Mallers also presented at the Residency. He is the developer of Zap, a Bitcoin exchange that integrates the Lightning Network. Zap currently has released an app for desktop and iOS.
The people behind Koala Studio say that this is just the beginning and many new products are in the pipeline. Depending on how successful they are in attracting players away from other established platforms, this entire concept could represent a major shakeup in the gaming industry.
This is the second such initiative in as many months that I am aware of that are targetting chess players who want to play online for money. Readers might recall in December (2018) I wrote about ChessGold’s innovative website:
The Future has Finally Arrived!
First there was Poker…now we have the ‘poker’ of Chess! A brilliant startup called ChessGold (website: www.chess.gold) now allows the players to make a $-bet , per game , based on an intelligent and negotiable formula. Even players rated 1200 can win $$. Check it out!
I think that these two new platforms might have a major effect on where and how chessplayers interact on the web. The future indeed looks promising!