You are absolutely right. I also have not seen a single casino based on the blockchain.
However, I saw holding various raffles where various souvenirs, silver and gold coins were played.
I saw how participants make a fixed bet and choose one digit out of 16 (in hex format).
When all the numbers are occupied and the contributions are paid, the presenter calls the number of the bitcoin block that will be mined in a short time. The last digit of the hash of this block determines the winner. This method of conducting draws can be adopted by the casino.
Topic: Do the Bitcoin casinos are based on blockchain? - page 2. (Read 909 times)
No bitcoin casinos are not based on blockchain. Bitcoin as normal as others casino it's not depends on blockchain. Blockchain is the technology of cryptocurrency, it's basically work for crypto not casino. Blockchain is a technology of cryptocurrency it's not work for casino so bitcoin casinos are not based on blockchain.
There are games in which the number determines the blockchain, for example, chain-bet,com or winningbet,io it is an absolutely provable solution.
Yes, sundaylottery..org also uses only smart contract from A to Z though it is more a lottery at the moment.
But many casino games are difficult or impossible to implement completely on blockchain due to its limitations.
There are games in which the number determines the blockchain, for example, chain-bet,com or winningbet,io it is an absolutely provable solution.
I think you are misunderstanding the concept of gambling at crypto casinos. They are not on the blockchain but the bets which happen on them are.
They are verified by seeds given for each bet. I learned this is how they validate each and every bet to be fair to the players.
They are verified by seeds given for each bet. I learned this is how they validate each and every bet to be fair to the players.
So most people in this topic write that they don’t need blockchain to make bets. It is only needed to make payments to gambling sites and back.
I think you are misunderstanding the concept of gambling at crypto casinos. They are not on the blockchain but the bets which happen on them are.
They are verified by seeds given for each bet. I learned this is how they validate each and every bet to be fair to the players.
They are verified by seeds given for each bet. I learned this is how they validate each and every bet to be fair to the players.
Hello everyone!
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
Not all of them, but i think there is a crypto casino that based on blockchain, i forgot the name.Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
Most crypto gambling site/casino is same like the fiat one and mostly not based on blockchain. I think only the payment/currency that they use, cryptocurrency which is based on blockchain.
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I think that cryptography exists only as a payment. The same thing happens on the stock exchanges. You bring your bitcoins to the stock exchange, perform dozens of trading operations, but your stock wallet remains motionless.
I think that ordinary player gambling sites do not care if the casino works on the blockchain or not. For players, it is important that they can add bitcoins to the site and easily wisdray them. Also it is important to them that the game was fair and interesting.
Hello everyone!
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
You can play gambling with bitcoin but i do not think that the casino are blockchain based. All the casino are centralized and they only use bitcoin as money to gamble, deposit and withdraw.
We are yet to see block chain based casinos which will be decentralize ofcourse.
Hello everyone!
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
Not all of them, but i think there is a crypto casino that based on blockchain, i forgot the name.Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
Most crypto gambling site/casino is same like the fiat one and mostly not based on blockchain. I think only the payment/currency that they use, cryptocurrency which is based on blockchain.
Quote
~snip~
I think that cryptography exists only as a payment. The same thing happens on the stock exchanges. You bring your bitcoins to the stock exchange, perform dozens of trading operations, but your stock wallet remains motionless.
Quote
Hello everyone!
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
I think that cryptography exists only as a payment. The same thing happens on the stock exchanges. You bring your bitcoins to the stock exchange, perform dozens of trading operations, but your stock wallet remains motionless.
Yes bitcoin casinos are based on Blockchain. Blockchain is a technology of bitcoin, it's helps to run bitcoin smoothly not only bitcoin it's a technology of all cryptocurrency. Blockchain obviously a important part of bitcoin casinos, it's a technology which maintain cryptocurrency properly.
Hello everyone!
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
I think bitcoin casinos are not based on blockchain, it is simply created outside the blockchain. It works same as how real life casinos work, the only difference is that the form of payment is via cryprocurrency.
Most casinos are only regularly based but there are also those that provide blockchain based casinos like Tron. Such casinos are rarely in demand by gamblers because all they need is a payment from the games they follow so the blockchain is only used as a payment in the form of bitcoin or altcoin. Not many people use blockchain-based casinos even though casinos like that make it easier for us to transparency the game so we won't feel cheated by the bookie because we can monitor it transparently.
Hello everyone!
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
I think bitcoin casinos are not based on blockchain, it is simply created outside the blockchain. It works same as how real life casinos work, the only difference is that the form of payment is via cryprocurrency.
Most casinos that offers games like dice are based on provably fair system and it can be verified that the system is accurate.
The blockchain system is very useful for the payment system, we can play it anytime since these casinos are online 24/7 same with out payment processor.
Hello everyone!
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?
I think bitcoin casinos are not based on blockchain, it is simply created outside the blockchain. It works same as how real life casinos work, the only difference is that the form of payment is via cryprocurrency.
Bitcoin casinos are run on the blockchain because they use contract address for all transactions and that is only made possible using the blockchain. Each play is associated with a unique bitcoin address which will be used for all deposits from the player.
Crypto casino and traditional currency casino are the same cause the players are all treated with the probably fair deal and run on off chain which always result in house edge base on the centralized mode of operations, cosino deposits are either done in faint and some time with cryptocurrencies that is for the cosino that have the feature to accept crypto deposits.
EOSBet is on on-chain :-) First ever with account system bitcoin.
That's good to know the first on-chain EOSBet casino platform with system bitcoin. Could you kindly share us your link to the game? or your game ann thread for participation?. Interesting to know that this has taken place on Blockchain. Jump to: