Author: Ivan MostovoyUpdated
Blockchain was acknowledged as one of the 6 global trends of the coming decade at the World Economic Forum in 2021. The technology is now widely used in many areas of the economy, including insurance, medicine, IT, education and gambling.
The solution is a global database consisting of billions of digital blocks. They keep information about completed and planned operations (according to the smart contract system).
All blocks are connected in a continuous chain. It is a digital logbook with billions of records of any activity and value. Each subsequent entry in the log contains information about the previous operation (a unique hash number), so the data cannot be forged or deleted.
Blockchain was introduced in 2008 as an important component of the innovative electronic currency Bitcoin. Then, the algorithm of continuous and distributed records was used to create other crypto-units such as Altcoin, Ether, Litecoin and other promising tokens.
In the wagering sphere, Blockchain is used for:
The launch of a Bitcoin casino is anyway associated with calculations in digital units.
BTC is most commonly used, as the most famous currency in the world. But many punters replenish game accounts with Ethers, Litecoins, Thrones and other tokens too. Much depends on the capitalisation of a specific unit and the current exchange rate.
It is convenient to exchange digital money, considering the loyal exchange rate and the absence of a commission.
Let us review the key advantages of translations in cryptocurrency:
Blockchain operates on an international P2P network. It is a decentralised structure consisting of nodes scattered around the world. A knot in this case is a dedicated personal device (computer, laptop, or tablet) with a stable internet connection.
There are no intermediaries in the form of banks and government organisations in the P2P network, which ensures:
The basis of any cryptographic environment is the hash function. The program automatically assigns each operation a unique hash number, which partially contains information about the previous block.
This function is also used for:
Multilevel hashing ensures the complete security of crypto transfers. The web currency is resistant to hacking, counterfeiting and other cyber crimes.
During the 13 years of Blockchain's existence, the system has never failed.
To top up a game account or withdraw earned money, a gambler just needs to have a BTC wallet. No additional settings and complex verification modules are provided.
Cryptographic funds prevent an illegal takeover of an account or money. The user does not need to provide personal data or go through the biometric identification procedure. It is enough to confirm transactions with the encryption key.
Entrepreneurs can build direct translations between a gamer and a gambling website or use a useful tool — a financial aggregator.
The solution performs a wide range of tasks related to:
At Win Win Casino, businessmen can buy Bitcoin software with built-in payment services from such providers:
The solution provides 4 types of accounts: cold paper, hardware, local, and mobile. The payment service is suitable for installation both in mobile casino applications and desktop sites.
The system is easy to operate.
There are 2 types of wallets available to entrepreneurs: public and private.
The features of the Zcash system include:
A financial aggregator is a distribution zone for the XRP intrasystem crypto unit. In addition, the service supports transactions in Bitcoins, Litecoins and other tokens.
The advantages of the solution include:
The product supports secure trading processes in digital and fiat money.
The facilities of the ADVCash system are:
To run a Bitcoin casino, entrepreneurs will need entertainment content with this technology. Operators can either buy Blockchain-based games from well-known manufacturers such as Microgaming and NetEnt, or order individual development from Win Win Casino.
Here is a list of benefits of creating solutions in the Blockchain environment:
All Blockchain gambling projects comply with Provably Fair principles.
The provable fairness system is based on smart contracts. These are encrypted electronic contracts that are activated when the pre-conditions are met. In other words, the online casino is obliged to automatically pay the winnings to the client, since this option is specified in the smart contract.
Blockchain casino users have such options:
The cross-browser platform by Win Win Casino is available for installation on PCs, land-based terminals, and mobile phones. It is possible to connect the Homeplay distribution for continuous play without leaving home.
The Win Win casino system contains a multitasking CRM service and a catalogue of dynamic slot machines.
Contact the firm’s manager to download the free demo version of a reliable Win Win Casino system.
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