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Topic: Is Block Chain going to be the only option for the Gaming industry ? (Read 601 times)

hero member
Activity: 1078
Merit: 501
All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?
Yes gambling online is increasing but I dont think those have casinos will close their casinos because they are already established and they are already known with that casino, they just need to add their own site for gambling for those who wanted to play online but I don't think that physical gambling places will be gone soon.
member
Activity: 350
Merit: 45
I don't think blockchain gaming will be the only option to finally end scams in the gambling industry.

There will always be people who will prefer gambling with fiat money. Unless fiat money turns decentralized, blockchain gaming will just be among the options (though this really is the better option).
Ucy
sr. member
Activity: 2674
Merit: 403
Compare rates on different exchanges & swap.
It definitely will not.  Centralized gaming platforms will still exist for taxes and regulations in some cases. The centralized gaming platforms could  take advantage of blockchain cryptocurrency and smart contract while still remaining centralized.
hero member
Activity: 1190
Merit: 541
There's already many provably fair smart contract-based casinos out there on blockchains like Ethereum's and TRON's, but that really does not mean much if you don't happen to go through the code and verify things are as they should be. I suspect very few people take the time to do this. A lot of those casinos also make it pretty difficult to view the actual smart contracts as well, disappointingly. There's definitely potential in smart contract casinos, but more centralized ones will likely stay on top for a while more. 
Well that is not the case. Regardless of how many casinos start operating using the Eth blockchain, there would still be casinos that would work in the traditional channel and people would enjoy it. In countries like China, where there is no good signs for cryptocurrency to thrive, traditional casinos in places like Macao would still enjoy the monopoly and would work in their usual way.

At the same time, for online gamblers, there are other lots of developments are going on which are finding big success when adopting provably fair and blockchain based smart contracts for verification purposes. Still, blockchain cannot dominate 100% as per OP is foreseeing only option, that may not happen for ever Roll Eyes.
full member
Activity: 1498
Merit: 146
Gambling industry successfully implemented the blockchain technology but it can be implemented anywhere so there needs to be someone who need to beleive on bloackchain and the real life usage on their industry.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
There's already many provably fair smart contract-based casinos out there on blockchains like Ethereum's and TRON's, but that really does not mean much if you don't happen to go through the code and verify things are as they should be. I suspect very few people take the time to do this. A lot of those casinos also make it pretty difficult to view the actual smart contracts as well, disappointingly. There's definitely potential in smart contract casinos, but more centralized ones will likely stay on top for a while more. 
hero member
Activity: 3038
Merit: 634
Integration of blockchain technology in the gambling industry might really help in fighting the rigged systems that are common in casinos. This will ensure higher chances of winning from the gamers' side. And with this enhancement of the gambling system, non gamblers might be attracted to try this industry. Thus, increasing the number of users and so the gambling industry will be a hit. Time will tell how far we are now in achieving this kind of environment in the gambling world. There are already few projects offering the utilization of blockchain technology in their betting platforms. We will know how efficient this system would be.
I don't think that the chances of winning for gamblers will increase just because of this. Integration with blockchain can make the gambling experience more secure as it will show transparency for all.

But I don't see that it will add some chance of winning for most gamblers.
sr. member
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
Blockchain will be used not only in gambling and a payment gateway, but also it will be used on every branch of life. We have to wait to see what happen finally.
Well, the OP was not asking about blockchain uses but he was asking if blockchain could the only best option gambling gaming industries which I will say yes because in the situation where trust is needed while cheat is totally not acceptable it will get if blockchain was used.

Right now, I admitted that blockchain still the best option for gambling gaming industries but if in the future, there is a new technology besides of blockchain and that technology offers the better technology than blockchain then the position will be change. Or maybe there will be a new technology which will be used for gambling industries but still have relation with the blockchain itself.
At present blockchain is making a big change everywhere with its efficient functioning over the traditional system. Gambling industry at present hasn't adopted the blockchain technology completely, because very few gambling websites have begun to make the the entire function on the blockchain platform. Some top blockchain platforms have come forward to start their own gaming and gambling access through blockchain.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Blockchain will be used not only in gambling and a payment gateway, but also it will be used on every branch of life. We have to wait to see what happen finally.
Well, the OP was not asking about blockchain uses but he was asking if blockchain could the only best option gambling gaming industries which I will say yes because in the situation where trust is needed while cheat is totally not acceptable it will get if blockchain was used.

Right now, I admitted that blockchain still the best option for gambling gaming industries but if in the future, there is a new technology besides of blockchain and that technology offers the better technology than blockchain then the position will be change. Or maybe there will be a new technology which will be used for gambling industries but still have relation with the blockchain itself.
hero member
Activity: 714
Merit: 611
All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?

I never thought about it this way - I always thought that blockchain and cryptocurrencies are just a supplement to gambling sites thanks to the possibility of easy (anonymous) transfer of currencies. But the entire casino (maybe not a casino but a table for poker) as a smart contract - in fact it's possible in the near future. And I totally agree that it could significantly reduce the scams we face today ...

Or maybe there are such casinos today? Has anyone heard of this?

sr. member
Activity: 1988
Merit: 275
Blockchain will be used not only in gambling and a payment gateway, but also it will be used on every branch of life. We have to wait to see what happen finally.
Well, the OP was not asking about blockchain uses but he was asking if blockchain could the only best option gambling gaming industries which I will say yes because in the situation where trust is needed while cheat is totally not acceptable it will get if blockchain was used.
It's already applied to some online crypto casino's and if you will hear out 'crypto casino' there will be a thinking that it's built through blockchain. I'm not against that blockchain will be used in every aspect of our lives.

But yeah, it's different and data inside the blockchain network can't be changed so it's really going to help who will adopt it. Abusers can easily caught out if the technology they run is blockchain. More improvements will be done and it's just getting better.


Integration of blockchain technology in the gambling industry might really help in fighting the rigged systems that are common in casinos. This will ensure higher chances of winning from the gamers' side. And with this enhancement of the gambling system, non gamblers might be attracted to try this industry. Thus, increasing the number of users and so the gambling industry will be a hit. Time will tell how far we are now in achieving this kind of environment in the gambling world. There are already few projects offering the utilization of blockchain technology in their betting platforms. We will know how efficient this system would be.
hero member
Activity: 3038
Merit: 634
Blockchain will be used not only in gambling and a payment gateway, but also it will be used on every branch of life. We have to wait to see what happen finally.
Well, the OP was not asking about blockchain uses but he was asking if blockchain could the only best option gambling gaming industries which I will say yes because in the situation where trust is needed while cheat is totally not acceptable it will get if blockchain was used.
It's already applied to some online crypto casino's and if you will hear out 'crypto casino' there will be a thinking that it's built through blockchain. I'm not against that blockchain will be used in every aspect of our lives.

But yeah, it's different and data inside the blockchain network can't be changed so it's really going to help who will adopt it. Abusers can easily caught out if the technology they run is blockchain. More improvements will be done and it's just getting better.
hero member
Activity: 2268
Merit: 579
Vave.com - Crypto Casino
Blockchain will be used not only in gambling and a payment gateway, but also it will be used on every branch of life. We have to wait to see what happen finally.
Well, the OP was not asking about blockchain uses but he was asking if blockchain could the only best option gambling gaming industries which I will say yes because in the situation where trust is needed while cheat is totally not acceptable it will get if blockchain was used.
sr. member
Activity: 924
Merit: 260
All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?
The decentralized system is the only system that can keep scam and manipulation out of the gambling and gaming industry.  We have seeing that happening already and I see a lot of improvement in future.  I three to four years to come we would see all this in full operation.
full member
Activity: 518
Merit: 106
WWW.BLOCKCHAIN021.COM
Blockchain will be used not only in gambling and a payment gateway, but also it will be used on every branch of life. We have to wait to see what happen finally.
hero member
Activity: 798
Merit: 500
All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly that I was just wondering will it become the only option for the scam-free gaming industry?If so when would that happen?

Well, it just shows and proves how useful block chain technology is nowadays that as time passes by, such innovations regarding money remittance in terms of fast transactions is one of the first purpose of it but now, it has already entered the gaming industry providing a convenient gaming experience with regards to online payments that must be done before consuming such gaming experience from service providers. Well, it does not certainly make gaming experience decentralized because there are games that just makes sense of using its conveniency in terms of payment processes. Talking about gambling, especially online, block chain technology has been adapted to suit players needs of fast transactions of deposit but it does not mean that block chain technology can only be the option for gaming experience because there is still make use of fiat depending on the resources you have. Well, in my gaming experience, I have already got into using block chain technology for my online games especially when it comes to online gambling into an online casino I am currently into that accepts Bitcoin deposits for me to be able to enjoy playing their variety games as well as their welcome bonus for doing my first deposit.
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
Such manipulations do occur in so many occassions. But having that decentralized gaming industry, how would that be? blockchain can't only be applied for payment but that's what we can see with the gambling industry, it's sole purpose is for the payment.

That’s only the purpose of blockchain, to receive payment and to be more liquid aside from this there is none since most of the gambling site have their own system to use for. Manipulation is always there, but the technology is growing and we can’t be comfortable about the usage of blockchain.
There has a lot of other usages of blockchain than the only payment system. People are also utilizing it. China court said they will accept proved from blockchain based platform from copyright issue.
full member
Activity: 686
Merit: 108
Such manipulations do occur in so many occassions. But having that decentralized gaming industry, how would that be? blockchain can't only be applied for payment but that's what we can see with the gambling industry, it's sole purpose is for the payment.

That’s only the purpose of blockchain, to receive payment and to be more liquid aside from this there is none since most of the gambling site have their own system to use for. Manipulation is always there, but the technology is growing and we can’t be comfortable about the usage of blockchain.
STT
legendary
Activity: 4088
Merit: 1452
The use of DAPPS for proper decentralised gaming is only just beginning really, most websites are really centralised without only the payment methods having a connection to crypto.     I'd say we have a long way to go to advance the proper distribution of risk away from so many websites which are singular points of failure and risk for a consumer.     The best thing to do until that point is to reduce size to not hold too much in one place
legendary
Activity: 1386
Merit: 1058
All the gamers round the world are these days ending up in playing games like Casino,Poker on the centralized platforms because of the manipulation happening around and so the craze of decentralised gaming is incresing day by day,it's been increasing rapidly
If decentralized casinos are the future then crypto may remain as only option to gamble with. Scams or hacking are happening as a common event everywhere hence only due to that reason, I am not seeing decentralized platforms to be more famous. I mean unless otherwise decentralized platforms are having their own attractive features and facilities to provide the maximum comfort and convinces, they cannot be the future way of gambling.

I foresee the co-existing of both types of casinos in coming years as none of them will be fulfilling all the expectations of a gambler and gamblers will choose either of them according to their need. Probably when more popularity and need of decentralized systems will be happening, we may see decline of centralized casinos.

Regardless of booming of decentralized casinos, I do see cryptos to be future of casinos. Yes, cryptos have already proved its worth for gambling hence cryptos will be the future of gambling and blockchain technology may follow cryptos slowly.
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