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Private blockchains are typically permissioned, with some form of authorization that limits access to the platform.</p>\n<p>Private blockchain networks are usually <strong>custom-developed for enterprise use</strong> in accordance with the internal networking system. Private networks rely on trust, and employees, as well as some whitelisted parties, are the sole entities with the access.</p>\n<p><strong>Private blockchains are not wholly decentralized like</strong> <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-public-blockchain/">public blockchains</strong></a>. However, some system aspects may be structurally decentralized. Private blockchain platforms usually follow regulations that do not apply to public platforms. All network <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-node/">nodes on the private blockchain follow a set of rules that ensure a steady workflow.</p>\n<p><strong>Private blockchains are highly efficient</strong>, particularly compared to public blockchains. Since public blockchains have a large user base, it can lead to network congestion and slow traffic as resources are stretched out to provide services. Private blockchain solutions are stable and experience fewer delays.</p>\n<p>Furthermore, <strong>private blockchains offer a high level of privacy</strong> as they can be accessed by a limited number of users.</p>\n<p>Private blockchains allow enterprises to manage their workflow with ease and back up all necessary processes.</p>","level":"easy","meta_title":"What is Private Blockchain? 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By playing a particular game regularly, each player has the possibility to earn more items or tokens to sell and generate income.</p>\n<p>The method of each game may change, but the benefits are typically derived through <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-staking/">staking, <strong>cultivating in-game currency</strong>, or creating tradeable <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">NFT products. Users in previous blockchain games relied purely on mere luck to benefit. Play-to-earn has given rise to in-game economies and business concepts in which gamers may make an income.</p>\n<p>Video game business models have evolved to a whole new level as technology has become more available to the general population. Formerly, arcade machines in designated gaming arenas were the only places where you could play games. With a sack full of quarters, players would compete for the highest score.&nbsp;</p>\n<p>Things changed dramatically, though, when the technological revolution introduced games to our cellphones, home computers, and gaming consoles such as the PS5, Xbox, and so on.</p>\n<p>Currently, the world was introduced to a new gaming model known as play2earn, particularly from the blockchain perspective. It successfully provides players with the possibility to generate revenue by partaking in games.</p>\n<p><strong>Gamers generate value</strong> for other gamers as well as developers by interacting within the in-game environment and gaining assets for their participation. These digital assets can be anything from coins to accessories that have been <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-tokenize/">tokenized on the blockchain.</p>\n<p>As a consequence, the play-to-earn business model complements blockchain gaming well.</p>\n<p>Moreover, the NFT industry has already topped $2.5 billion in sales in 2021, and this figure is expected to rise dramatically as new NFT games hit the market. The rise of NFT is spawning a new era of revenue streams within the blockchain world. It may not be long until it outpaces just about every major business.</p>\n<p>A fitting illustration of P2E is <strong>Axie Infinity (AXS).</strong> In this particular game, Axis are cute animals that players get, breed, and then use to battle and obtain rewards. Every Axie is, in fact, a non-fungible token, so it is a one-of-a-kind virtual collectible.</p>\n<p>Besides, there is a world called <strong>Lunacia</strong>, which is a whole new economy within the game. In there, users can get land and breed Axies utilizing their in-game tokens, Axie Infinity Shard (AXS), and Smooth Love Potion (SLP).</p>\n<p>The advantages are also transferred to the physical world.</p>\n<p>Play-to-earn games such as Axie Infinity, are already assisting individuals around the globe in earning a good amount of capital. For instance, people in the Philipines are earning $1,500-$2,000 a month just by playing Axie Infinity as a hobby.</p>","level":"medium","meta_title":"What is Play-to-Earn (Play2Earn)? 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Handbook Cover Page
Crypto Terms: Letter P

What is Pre-Sale?

Pre-Sale MEANING:
Pre-Sale - the sale of a cryptocurrency before its official public launch.
Easy
1 minute

Let's find out Pre-Sale meaning, definition in crypto, what is Pre-Sale, and all other detailed facts.

Pre-sale is the practice of putting a cryptocurrency up for sale ahead of the initial coin offering (ICO). During the pre-sale, the tokens are sold to interested investors and other relevant parties.

A pre-sale strategy can be beneficial to both the developers of the cryptocurrency and the investors and it helps ensure the success of the currency ahead of its launch.

The developers can receive the funds needed to complete the project. The investors taking part in the pre-sale obtain altcoins that they can add to their portfolio with the expectation that their value will increase over time.

A pre-sale can also be organized as a PR campaign to boost the marketing for the ICO. This is a strategy done with the intent to increase the asset price soon after its public launch.

There are some risks to holding a pre-sale. If the project fails after its launch or the developers fail to deliver the final product, investors may lose their money on worthless assets. Furthermore, the altcoin scene is highly competitive so it can be hard to ensure that the value of the new coin will stand out in the market.

Developers also have to be mindful of the investors purchasing the asset during the pre-sale as their goal may be solely to sell it soon after the launch at favorable prices and make a significant personal profit. If investors massively dump new cryptocurrency coins soon after the ICO, it can negatively impact the market reputation of the assets and its developers.
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