First of all this should be at Gambling Discussion (reported).
It is basically the main advantage of blockchain based casino compared to traditional casinos. The use of provably fair system for the result gives players more confidence to play because it is verifiable so it will be easy to know whether the site is cheating or not. On other side, traditional casino(land based casino) or even fiat gambling site with no provably fair system is still being used many many people in this world. Smart gamblers needs to leave those casinos with no provably fair system imho. Once the traditional casinos noticed why most gamblers are moving to blockchain based casinos then I believe that traditional casinos will start to adopt the blockchain technology to be implemented on their games.
Topic: How Blockchain Ecosystems May Change the Face of Online Gambling - page 2. (Read 313 times)
It is true that real life gambling and online gambling can be different in terms of fairness. However, each has different positive and negative traits. Real life gambking can easily be implicated by either rigging the games so that players has lower chance to win. In online gambling they use provably fair system and use algorythm to let the players now it was fair. Good article to read. Thanks for sharing.
Every system has pro (advantages) and cons (disadvantages) and it is difficult to assume that since online system cannot be fair, so it is not good. There are many online gambling site which have thousands of users who play there and trust their system too.
The next step for Blockchain Ecosystem is to introduce decentralized gambling.
It is true that real life gambling and online gambling can be different in terms of fairness. However, each has different positive and negative traits. Real life gambking can easily be implicated by either rigging the games so that players has lower chance to win. In online gambling they use provably fair system and use algorythm to let the players now it was fair. Good article to read. Thanks for sharing.
Gambling has always been a very profitable venture, provided you are the casino owner, not the gambler. Numerous problems found in traditional gambling businesses vary from causing addiction to trespassing the fine line delimiting grey area from crime. However, with the advent of the internet things have changed.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-online-gambling/
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/blockchain-online-gambling/
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