Topic: Do the Bitcoin casinos are based on blockchain? - page 5. (Read 895 times)
That is why bitcoin casinos are different some would use a platform base on blockchain while the other casinos use different platform. I agree with adaseb that most casino use hash seed that is why most casino games winning percentage is base on luck and provably fair.
Bitcoin casinos are the same as fiat casinos. They are centralized and your wagers happen off-chain. There are a few blockchain based casinos on EOS and Tron where all your wagers are verified on the blockchain.
Thank you for your answer.
So what mean that some gambling site is "provably fair", is it possible to check that somehow, if is not based on blockchain?
I know that a few blockchain based casinos have been developed based on my research, but off-chain seems to be the better route here.
I think what you are asking is if all the Crypto casinos are based on cryptography which is used to determine your roll result to prove you are not being cheated correct?
In a regular casino you go to the table and whatever result comes out of the Roulette wheel you just need to trust it wasn't manipulated. No way to check 100% you weren't cheated. Just need to rely on casino regulations.
With bitcoin online casinos, and games like dice its very easy to prove you are not being cheated because of the provably fair method.
You are given a hashed seed before you start your rolls and your rolls afterwards will all use the same unhashed seed to determine the roll result. After you are done betting, you are given the unhashed seed and can prove you weren't cheated.
Hopefully this is what you are asking for.
In a regular casino you go to the table and whatever result comes out of the Roulette wheel you just need to trust it wasn't manipulated. No way to check 100% you weren't cheated. Just need to rely on casino regulations.
With bitcoin online casinos, and games like dice its very easy to prove you are not being cheated because of the provably fair method.
You are given a hashed seed before you start your rolls and your rolls afterwards will all use the same unhashed seed to determine the roll result. After you are done betting, you are given the unhashed seed and can prove you weren't cheated.
Hopefully this is what you are asking for.
So what mean that some gambling site is "provably fair", is it possible to check that somehow, if is not based on blockchain?
Provably fair doesn't always have to be based on blockchain that's only one of the many ways to make it more random. Most gambling sites have their own verifier to check each bets if you don't trust them you can also use a 3rd party verifier like this one
Bitcoin casino has not yet been developed on the blockchain technology system yet.
But just like every normal casino it is very transparent and I don't think there is a need for the blockchain technology
I know there are a lot of bitcoin gambling sites that have done it but most gambling sites have moved to off chain to reduce the spam. But just like every normal casino it is very transparent and I don't think there is a need for the blockchain technology
Bitcoin casinos are the same as fiat casinos. They are centralized and your wagers happen off-chain. There are a few blockchain based casinos on EOS and Tron where all your wagers are verified on the blockchain.
Thank you for your answer.
So what mean that some gambling site is "provably fair", is it possible to check that somehow, if is not based on blockchain?
Bitcoin casino has not yet been developed on the blockchain technology system yet.
But just like every normal casino it is very transparent and I don't think there is a need for the blockchain technology
But just like every normal casino it is very transparent and I don't think there is a need for the blockchain technology
Bitcoin casinos are the same as fiat casinos. They are centralized and your wagers happen off-chain. There are a few blockchain based casinos on EOS and Tron where all your wagers are verified on the blockchain.
Thank you for your answer.
So what mean that some gambling site is "provably fair", is it possible to check that somehow, if is not based on blockchain?
Bitcoin casinos are the same as fiat casinos. They are centralized and your wagers happen off-chain. There are a few blockchain based casinos on EOS and Tron where all your wagers are verified on the blockchain.
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?
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