The world of the game is developing. New technologies appear, the types and methods of payment for services and payments are improved. Below are some interesting news about the above changes in this area.
Content:
- Gambling and blockchain technology
- Trends and prospects
- Features of technology
- The work of the institutions in the blockchain. Basic moments
- Advantages and disadvantages
- First blockchain institutions
- Attraction of customers, specificity of promotion
- Aspects of legislation in different countries
- RESULTS
Gambling and blockchain technology
Blockchalter technology shows high error resistance. For 13 years, from the moment of the appearance of Bitcoin, failures, meaning essential, there was no. There were, of course, the attacks of hackers, hacking the system, which is due, most often, with weak control. Actually, all the problems arose because of a person, and not systemic protocol errors.
Blockchain, on the idea of developers, is a software that guarantees reliable accounting, as well as identification. And at the highest level, and their aggregate makes it possible to avoid mistakes associated with a person, as well as to register transactions, eliminating unaccounted, prevent the changes not agreed by the parties.
And how the blockchain is associated with gembling? With this question, refer to the specialists Gambling Craft.
Blockchain is information that is stored in the network in the form of blocks. They are built according to the established rules and are associated with a continuous sequence, some chain of blocks. It is possible to program it on transactions with money, and to store everything that is value. The location of the user placing information or using it does not matter. He can be anywhere, in any country, anywhere in the globe.
Since various values are transmitted to the blockchain, including financial, unauthorized access to the transmitted information. You can get it only after the client will issue a confidential key. It is created with the help of a special cryptographic algorithm. Transferring him to someone, the owner, in fact, let’s say, opens the door to its repository, where it is stored, for example, money. Other name of such storage – Vlaks.
Trends and prospects
Noting the relevance of blockchain technology in the field of financial services, it must be said that this technology is rapidly conquering others, one way or another related to the finance of the sphere, as well as the economy sectors that use digital identification. Technology while testing is tested, check it on the subject of how it will work in the most significant areas, both economics and public life. But now it is already evident that in the near future the number of projects using it will increase, and at times. New, and equally, the old platforms will switch to the blockchain, because it is sided with two fundamental principles:
- security;
- Accessibility information.
This means that fraudulent projects, services, where data may be lost or stolen, a good alternative appeared.
The path from simple innovation to active use in a variety of structures, including government, the blockchain has passed, you can say so, rapidly. And this means that its potential will grow even more, and in the near future.
By the end of 2023, gembling, his world market will show growth significantly exceeding 500 billion. dollars. This opinion was expressed by analysts who studied the issue of developing gambling business.
The regulation of gambling business from the state is difficult, even licensed gambling institutions 100% transparency do not guarantee. With the help of the blockchard this problem can be resolved. And this means gambling will be able to achieve new heights.
Since the basis of the blockchain – the protection of the highest level, as well as transparency, then all the operations with money in gambling establishments working with cryptogenies, are strictly tracked. The system provides the ability to distribute all data and store on various devices, without any changes without the consent of the owner. And the owners themselves can always be reworked for them, because all the data is in open access. In other words, the use of this technology guarantees the honesty of the game.
Blockchain is used by operators in different ways. Someone uses game slots working on this technology, someone just pays players winnings in cryptocurrency. Both are attractive and interesting to visitors. Thus, trust in the institution is growing. In addition, the client remains completely anonymous using cryptocoelek. Therefore, the number of institutions working with cryptocurrency increased, and at times, in recent years.
Features of technology
Gambling, as well as the so-called betting sites, are experiencing the same difficulties. Their problems are as follows:
- transparency is absent;
- Payments are limited to the player’s location;
- Disadvantage of operators.
And indeed in Gambling, many fraudulent resources divorced. Cheating flourishes. Blockchain will help solve this solar problem. It will contribute to a reduction in fraud and other negative moments in gembling, to which bona fide operators are very countable, integrating cryptocurrency in the payment system.
Operations in cryptocurrency usually remain unnoticed. Financial institutions and their safety services almost do not pay attention to them. And this means you can hide money from control and avoid blocking.
When using the blockchain, the specifics of payments and rates changed. Money turnover became open, the doubts of the players are that they will gain their winnings and it will reach the recipient, disappeared. For cryptocurrency, after all, borders do not exist, where the client is not important. This is fundamentally different from fate money and traditional payments systems. In addition, payments in cryptogenges are held without intermediaries, directly, which speeds up the process. And this is another plus, besides very significant.
New addition to the existing functionality – Smart contract. It will allow customers to check how monetary operational algorithms are valid. As a result, one of the most significant problems will disappear – client distrust of the institution, more precisely to the programs used in the game process. The owner of software, as you know, has the opportunity at any time, by pressing the button, change the results of the game in your favor. Many operators just work. But the player has to test them for honesty and conscientiousness, there is no possibility. And cryptotechnology will give customers such an opportunity, which means that distrust disappears. And on new services it will not be initially.
The work of the institutions in the blockchain. Basic moments
The basis of the work of such establishments – Smart Contracts. They are deterministic programs, t. E. These, subject to certain conditions, perform the specified actions. Simply put, everything happens automatically:
- Counting a win;
- Translation of money on a wallet (crypto).
And there are no intermediaries during payments, it means that the speed of their implementation increases.
Information when the blockchain is used is stored on one device, but is distributed and contained on devices of different users. It is not subject to change, it means to deceive the client almost impossible, therefore, the honesty of the system increases. Access to information is open to users, they can view it when they consider it necessary. The advantages of this technology:
- Anonymity. That is, playing on the blockchain, personal data can not specify. This is one of the main differences from establishments without blockcha. Sometimes in establishments on the blockchain not even required.
- Commissions are minimal, monetary transactions are practically instant, since the mediators in this case are missing.
- Information in such institutions free access. As a result, customer loyalty increases, the level of confidence in the institution is growing.
Advantages and disadvantages
The use of the blockchain gives establishments that use it in the work, a number of advantages. List some of them:
- There is no main server for the collected information. Data is dispersed and stored in users participating in the chain.
- Transparency almost absolute. Any of the participants has access to information and can view it, including tranced transactions.
- Privacy supported. Information encrypted (all). You can track transactions, but to determine the sender or the recipient is not. To do this, you need to know at least the wallet number. Operations are performed only if there is a confidential key.
- System reliable. You can adjust information only when there is a unique key. It is provided and confirmed by the system.
- Compromise system. All added information is checked by other participants.
Digital data in the system blockchain distributed freely, but not in any way duplicated. The use of such technology led to the emergence of the Internet of a new type.
As mentioned above, the blockchain appeared as a technology for working with cryptocurrency, first of all with Bitcoin, and there are already over ten years.
During this time, the system has grown and began to master new areas of economics and public life. Cryptovaya control ceased to be the only task of this technology, since its scope expanded.
The introduction of this technology is not a simple thing. The technical side is quite complicated, but as for the very idea of the blockchain, it is simple. Blockchain, as such, is a database. They are stored distributed, on different devices, in different parts of the world, but are started simultaneously on this set, as they are called, nodes. Any of these users, keepers, let’s say, can post information, data, any information on the network. It has access to any user who has a special key. And the location of the user does not matter, you can log in to the system from anywhere in the world.
But in addition to undoubted advantages, the system has disadvantages. Skeptics include them:
- States practically do not control the blockchain. Legislative acts regulating status and system activity can not be said practically no.
- Fix errors impossible. The only way to adjust the data is Hardford.
- The lost privacy key cannot be restored. The user loses access to the system, to its assets, if it is stored only from him. And irretrievably.
- Energy consumption is very high. Only mining spends electricity more than some European countries consume.
- There is a possibility that the system will expand in the near future, and significantly. As a result, the chains will reduce, the number of blocks will decrease at times.
There is another system flaw. The disadvantage is very serious, able to lead to a complete drop of blockcha. This is the so-called “Attack of Goldfinger”. In theory, it is possible, but in practice it is unlikely. The fact is that cash investments are huge for her implementation. Few people will go to the actual destruction of the network. It is not necessary for anyone, even a hacker registered in the system, because as a result of the fall of the blockchain, prices will collapse, moreover, the assets will be destroyed. And this is not profitable for anyone.
Small remark about system expansion. Yes, the problem with this is connected, exists. But the volume of the blockchain today is a little more than 300 gigabytes, and hard drives on 1 or more terabytes have already appeared on sale. Technologies are developing and even more compatible media will soon appear. So the problem is solved.
First blockchain institutions
In the gambling-industry today, many institutions switched to blockchain. The use of this technology in the world of games is no longer surprised. We give a brief list of gambling institutions working with blockchain.
Bitcasino is the institution first to start working with Bitcoin and received the appropriate license. Payment Tools – Bitcoin. Deposit and the withdrawal of funds is made instantly. In the asset of this institution about one and a half thousand games. Among them and poker, and blackjack, there is a roulette, a lot of board games. In addition, the casino in stock and slot machines.
In this institution, for the first time, access to players for gaming software was opened (from Microgaming). There is another advantage of the institution – loyal limits, in particular on a deposit. You can replenish it, starting with a small (according to the standards of a casino) amount – 0.001 BTC.
Booi Casino on the gambling market since 2019. Payments are made by both fiat money and cryptocurrency. Total types of payments 15. CryptoDengi is accepted both when deposit and money output. Take not only Bitcoin, but also other crypotoengi, for example, ripple.
FairPlay – the license resource, works with cryptocurrency. Probably one of the first resources that has established control over the honesty game using the blockchain.
The games are presented lotteries, desktop, card games, there are video gallets. Monetary operations are made instantly. From cryptocurrency on this resource, the air and Bitcoin take.
Play Fortuna – a licensed online institution working mainly with users, residents of the CIS countries. For calculations used cryptocurrency. You can replenish your account and remove, starting with Bitcoin and finishing Doge.
Attraction of customers, specificity of promotion
In order to attract players and promote your resource, the company’s gambling use various ways. There are many of them, not all count. One of the most famous and popular ways is to use affiliate programs. In this case, the institution is an advertiser. And its partners are popular bloggers, account owners in social networks or popular, often visited sites. They promote a resource on the Internet, redirecting traffic on the playground. Affiliate programs can be own or owned by an intermediary. In the first case, the work goes directly with the webmaster.
The most interesting partners who work with the blockchain below.
- Trueplay is one of the first partner programs that is built on blockchain technology. Principles of it:
- reality of the statistical data provided by the webmaster;
- Information is publicly available.
- Work is registered and issued by smart contracts. Payments to webmasters make up 60% of income. RevShare is used in operation.
“Gambling Kraft” presented his affiliate. In the Russian-language Internet, it entered the top five. Partners receive up to 75% in RevShare calculus. A partner is supported by both fate money and cryptocurrency.
Aspects of legislation in different countries
Most states have established legislative rules regarding online gambling, but countries that regulate and control the treatment of cryptocurrency in gembling little. It is completely legalized by 111 countries, at a minimum. Among them, the USA, as well as Mexico, a number of European countries, for example, England and Germany, oddly enough, Belarus. However, there are states where cryptocurrency is actually out of law. It is not worth using it, for example, in Egypt, Qatar. However, in almost all Asia, the cryptocurrency is not recommended to apply. In a number of countries, it is possible to use cryptoena with restriction. This status is assigned to them in these jurisdictions. These include India, as well as China.
With a blockcharous situation is more difficult. He is not regulated by any state, nor in one state. Provides, however, there is. There are prospects for changes in legislation and, possibly, in the near future, work with the blockchain will be permitted in most jurisdictions. With digital assets of the transaction will receive legal status.
However, according to the analysts “Gambling Kraft”, the legislation on the blockchain will be tough. And in this case, its popularity in online institutions will significantly decrease.
RESULTS
The main, in our opinion, the dignity of the blockchain is as follows: it helps to solve one solar, but very serious problem. And it is connected with the confidence of players to gembling in general and to separate institutions, in particular. With this and her such technologies, the user can always check the honesty of the institution, and operators can provide doubting evidence of their integrity and conscientiousness, and irrefutable confirmed by mathematical calculations.
Appeared at the institutions and the opportunity to save on intermediaries. Payments are carried out in cryptocurrency, decentralized systems are used. That excludes from the chain of intermediaries. Commissions are eventually declining, and at the same time casinos are less dependent on banks and bank restrictions.
To date, there are many establishments that are used to calculate cryptocurrency in the gaming industry. But they, most often, apply outdated technologies, both for payments and game sessions. Players, however, will be happy to go to such institutions, but the potential of the blockchain is not used here. Overboard the latest achievements remain – full protection against hackers and fraudsters, absolute openness.
The distribution of the latest technology blockchain in gembling will help increase the transparency of the game, and significantly. And as a result, the benefits, and equally, gemblings will become much loyal to gambling institutions and the profit of the latter will grow.
Today, more attractive are those resources that do not hide information on monetary operations, including rates and replenish accounts, remnants of their own funds, publishing it on the site.
What and how will be with the gembling-industry in the future? Time will show. But one can argue exactly – the institutions where it is safe and comfortable, where the conditions are transparent, already popular, and in the future they will be even more popular.