MyDream Interactive, a video game development studio in virtual reality and gaming technology, has announce that it has developed a new cryptocurrency ‘Jewelz’ based on a Serial Proof of Work algorithm. Jewelz will be released in Q3 2018, alongside the studio’s first video game mining companion application, AllMine. AllMine is a free-to-play puzzle game, initially developed for PC, with an in-game economy based on Jewelz coins. Players earn Jewelz through gameplay and using the JewelzMiner client on their device.
The team at MyDream Interactive is composed of veterans of the cryptocurrency and video game industries. The Jewelz cryptocurrency is powered by a Serial Proof of Work algorithm that makes cryptocurrency mining more energy efficient than Bitcoin mining. AllMine runs alongside the lightweight JewelzMiner, which can be run in the background on any standard desktop or laptop computer. With Jewelz and AllMine, users can mine cryptocurrency without their hardware overheating or producing excessive noise. The Serial Proof of Work algorithm and its design limits miners to one public key to help Jewelz become more stable and more evenly distributed than other Proof of Work systems.
Allison Huynh, CEO and founder of MyDream Interactive, stated: “We created Jewelz to enable anyone, regardless of their access to computing power, to participate in cryptocurrency mining. We are building a stable foundation for the Jewelz cryptocurrency through gamification, with the goal of democratizing cryptocurrency mining. As the Jewelz platform grows we will continue to release new games as well as educational applications to teach children basic economics, mathematics, and cryptographic principles,”
MyDream Interactive will be exhibiting its latest technology, including Jewelz and AllMine, at the Game Developers Conference in San Francisco at The Moscone Center, North Hall Booth # PL4014, between the 21st of March to the 23rd of March, 2018. Jewelz and AllMine are scheduled for release on PC in Q3 2018 and for other platforms later this year.