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How Blockchain Can Help Restore Confidence in Online Gambling

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Blockchain technology has transformed much of the online gambling industry formerly into trouble a much clearer environment.

Blockchain introduced a kind of transparency until then unknown in this case. It allowed faster and safer transactions between players and the platform. More importantly, the blockchain has become an effective remedy against the mistrust inherent in online gambling.

This technology also allowed players to see the logbook of a gambling project guaranteeing that the project has enough funds to cover the winnings. With the decentralized financial transactions related to gambling, the industry has gained confidence and attracted more players .

However, slim options have continued for those who prefer the adrenaline rush of roulette. For a fair game, you must either go to a gambling or casino establishment or go home.

The problem with online roulette is its algorithm. Specifically, what should have been a relatively simple random number generator has turned into a complex tool designed to maximize the profits of a betting project. Once stalled, the wheel generated the winning number based on the number of bets. His calculations were slightly inclined for the "high rollers" to lose more often than those who bet small quantities

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A random number, the very essence of the game, was no longer a guaranteed option. Data on bets, players, and gambling habits ultimately determined where the ball landed. Those who spent a few dollars simply left the platform. Governments have quickly seized this opportunity to ban gambling online. The secret and centralized version of the "random" algorithm became a dealbreaker.

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Platforms online: fair game?

Roulette lovers flock to brick and mortar casinos where the settlement tables guaranteed a fair game, without manipulated results based on the player's gambling habits and the amount of money involved. This was Trust and adrenaline of pure chance that online roulette seemed unable to provide.For online roulette, an estimated $ 500 million market, became a lost profit.

Casinos B & M and Roulette

In brick and mortar casinos Fair gaming is guaranteed by regulation, law enforcement, extreme levels of supervision and physical security. The solution to trust issues between gamers and gambling projects lives in a system with public regulations and enforcement.

At its peak, online roulette accounted for nearly 20% of the online gaming market. Judging by the persistent popularity of the game in B & M casinos, the unique blend of fun and passion and the chance of a huge win have made it very much in demand. The barrier between gambling operators and online roulette players is born from the fear of manipulative results.

It seemed like a dead end. The players demanded guarantees that the bets on the table would not affect the outcome of the match. Any solution proposed by gambling projects easily hits the centralized and controlled walls. A radical change in the way people played roulette was to happen, and it came as a blockchain roulette

A Decentralized Change

In today's encryption market, there are many blockchain companies working on casino solutions. For example, Trueplay develops a decentralized platform for online games redefining the idea of ​​a fair, transparent and secure game, not only in terms of transactions, but in terms of the games themselves. . Another example of the industry is the Bettium project which is developing a decentralized blockchain analytics platform for peer-to-peer bets offering artificial intelligence, analytics tools for big data and algorithmic capabilities . Imagine an online casino that is assembled on blockchain technology and AI. It's a new era of play.

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The industry has long needed roulette to be really random. Finally, the decentralized hash and the decentralized register could now be a basic feature in a reliable system that level the playing field between big spenders and small spenders. This would be a guarantee for the fairness of the game to recover their customers.

Nowadays, the blockchain may well be able to break the barrier of confidence and bring players back to the roulette table. Over the next five years, we could see the market capitalization of the online gambling industry increase dramatically.

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