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A new gaming blockchain has entered the lobby in 2024: Xai.“Xai is built to enable open trade in the next generation of video games,” the official site says. In its quest to do so, the network aims to reduce fees, offer account abstraction to hide some of those pesky blockchain elements, and empower game creators in the process.The layer-3 blockchain is developed in part by Offchain Labs, the original creator and primary developer behind the Ethereum layer-2 Arbitrum network that Xai is built on top of. And Xai is getting help from game developer Ex Populus, which will deploy the first games planned to launch on the network in collaboration with the Xai Foundation.But what does this really mean? We’ve rounded up all you need to know.Many crypto users are familiar with the concept of layer-1 blockchains and layer-2 scaling networks built on top of them, but Xai brands itself as a layer-3 network. This is because it’s built atop Ethereum layer-2 scaling network Arbitrum.In practicality, this means that Xai keeps Arbitrum’s core functionalities the same while tweaking certain aspects of the network for a more targeted experience intended for a specific use case. While Arbitrum is a general layer-2 scaling solution that can be tapped for all kinds of apps, Xai specifically caters to the needs of gamers and game developers alike.For example, Xai offers account abstraction—meaning it’ll hide confusing parts from users—when it comes to the blockchain wallet and account experience. The network also provides developers with increased gas and contract limits.Most notably, the Xai site says that it “introduces parallel processing and advancements for enhanced scalability, efficiency, and cost reduction.” That’s on top of Arbitrum’s existing layer-2 approach, which handles transactions away from the Ethereum mainnet to do so at a lower cost and greater volume via its optimistic rollup tech.By reducing fees and increasing transaction times, Xai aims to create a smoother gaming experience while embracing the unique elements that make blockchain gaming what it is—such as true ownership of unique, in-game items, as well as tokenized economies.

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Imagine a world where the money supply is finite, and there’s no dollars left to print. Sounds bizarre, right? But in the realm of Bitcoin, this scenario is not only possible but inevitable.The Bitcoin network, designed with a finite supply of 21 million coins, just hit a significant milestone: the halving just chopped its inflation rate by 50% for the fourth time since its inception. As of now, 19,688,016 Bitcoin has been mined, leaving less than 2 million to be discovered over the next 120 years. This scarcity, coupled with the increasing demand for Bitcoin, is set to reshape the cryptocurrency’s future.The roadmap to the final Bitcoin being mined is a gradual process. By 2026, 95.24% of Bitcoins will have been mined, and by 2039, this figure will reach 99.52%. The mining of the penultimate Bitcoin is projected to occur around 2093.

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