Kryptium - A truly decentralised, community-powered betting platform - page 2.

ykaralis

newbie

Activity: 142

Merit: 0

Quote from: jazmuzika217 on May 08, 2019, 11:53:00 AM

<...> If it is true that it is totally decentralised then who runs the system? <...>

From a server infrastructure point of view, Kryptium uses the Ethereum blockchain network which hosts the smart contracts, i.e. the code that provides events, registers bets and settles them.
So "the system" is actually the blockchain network. Think of Kryptium like the bittorrent protocol for betting - there is no central authority or infrastructure but all clients can communicate with each other to share files (in our case to place bets).
Now coming to the "content", i.e. the data for events and their outcomes, it has to be uploaded to the blockchain by somebody (the owner of what is called the "oracle" smart contract). However, with Kryptium being a decentralised betting platform, anybody can choose to publish and maintain their own events!

gchristidis

newbie

Activity: 6

Merit: 0

Quote from: elabor77 on May 09, 2019, 05:49:05 AM

Sorry but it is impossible to use this platform, yesterday for the champion game there were only 2.5 $ for the victory of Aiax. Finally there is a problem with using these smart contracts, if the bet is not matched, the blockchain fee is still paid.

Indeed there are many new players who start with small amounts in order to “test the waters”. However, you don’t have to bet only on existing “open” bets. Kryptium is not a sportsbook and there is nothing stopping you from opening a new head-to-head bet for the amount and odds that you want.

As far as the blockchain fee is concerned (i.e. Ethereum’s required “gas” for the betting transactions), we’re actually talking about a few cents. The fee is not paid after we get the result of the bet, but at the time that you place the bet and it’s effectively money that goes to miners. We believe that it is a fair and rather low cost for using the blockchain and its advantages (anonymity, transparency, immediate access to funds etc.). Imagine that if you play with a 0% commission betting house, “gas” will be the only “fee” you would need to pay.

Note that, if somebody considers starting his/her own betting house using Kryptium and is concerned about gas costs, s/he could very well choose a network with near zero fees for gas (e.g. Ellaism)

elabor77

jr. member

Activity: 268

Merit: 9

Sorry but it is impossible to use this platform, yesterday for the champion game there were only 2.5 $ for the victory of Aiax. Finally there is a problem with using these smart contracts, if the bet is not matched, the blockchain fee is still paid.

nauane

full member

Activity: 322

Merit: 101

Quote from: ykaralis on April 11, 2019, 06:58:52 PM

We think you'll find this interesting!
The guys at Bestbitcoincasino.com wrote a review about the Kryptium betting platform.

You can find it here: https://www.bestbitcoincasino.com/review/kryptium/

I have read the review where he tell some nice facts about the site and he gave it the rating of 7.9 which is good indeed. The bonus and payout withdrawals feedbacks are also good. The only thing which is lacking is the live chat option. I hope it will be added in near future.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: Ucy on May 08, 2019, 10:45:06 AM

Good to see a decentralized gambling platform. My only problem with them though is the lack of mobile version and the fact they are difficult to use. They could also slow down the blockchain as someone above me mentioned

Mobile versions is likely being offered by those known casinos, the sites needs to work out adding this features as gamblers usually played online, they also loves playing from their mobile devices, developers can check the effects after adding it to their business.

jazmuzika217

member

Activity: 476

Merit: 12

This is a nice concept. Totally innovative. But I wonder if how does it work. If it is true that it is totally decentralised then who runs the system? I see that you need to improve this type of gambling idea. Most of people are much relying on their phones rather than their computers and I can see that you dont have mobile phone application. Please do work in all kinds of device. Im very much interested to this.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Alpinat on May 07, 2019, 04:22:23 AM

Quote from: LUCKMCFLY on May 06, 2019, 10:37:26 PM

I downloaded it to my cell phone but it tells me that it is not compatible with the format, is there any additional compatibility program? Do you have a plugin that is more general and manages to run? It is not due to lack of resources of my phone, I do not know what may be happening, could help me find a solution .. Thank you very much.

I agree on my phone also it says that it is not compatible on it. There are so many applications and storage in my phone but it still says it's not compatible. I wanted to try this because I saw a lot of good feedbacks here. I hope admin will notice this matter.

^If you read a reply above you dude you will know it.
I tried this because I am curious how it functions the decentralized gambling platform, and also looking for the android version but luckily I saw reply above that as of now they are not supported with app android phone. But I would like to suggest that it would be nice if they were able to apply on mobile phone which very handy and easy to access where ever you are.

okala

full member

Activity: 980

Merit: 114

Quote from: Ucy on May 08, 2019, 10:45:06 AM

Good to see a decentralized gambling platform. My only problem with them though is the lack of mobile version and the fact they are difficult to use. They could also slow down the blockchain as someone above me mentioned

I have stated this to several gambling site's that offer decentralized services such as the accepting bitcoin and other cryptocurrencies for a deposits, if there is a mobile version of they platform it will make it easier for users to play games in the go. Onlike others that already have a mobile version their already generate lots of users.

Ucy

sr. member

Activity: 2632

Merit: 403

Bisq is a Bitcoin Fiat Dex. Use responsibly

Good to see a decentralized gambling platform. My only problem with them though is the lack of mobile version and the fact they are difficult to use. They could also slow down the blockchain as someone above me mentioned

ykaralis

newbie

Activity: 142

Merit: 0

Quote from: Alpinat on May 07, 2019, 04:22:23 AM

Quote from: LUCKMCFLY on May 06, 2019, 10:37:26 PM

I downloaded it to my cell phone but it tells me that it is not compatible with the format, is there any additional compatibility program? Do you have a plugin that is more general and manages to run? It is not due to lack of resources of my phone, I do not know what may be happening, could help me find a solution .. Thank you very much.

I agree on my phone also it says that it is not compatible on it. There are so many applications and storage in my phone but it still says it's not compatible. I wanted to try this because I saw a lot of good feedbacks here. I hope admin will notice this matter.

As mentioned above, we don't have a mobile version of the betting app yet.
The Kryptium app is currently available for Windows, macOS and Linux.

Alpinat

sr. member

Activity: 840

Merit: 252

Quote from: LUCKMCFLY on May 06, 2019, 10:37:26 PM

I downloaded it to my cell phone but it tells me that it is not compatible with the format, is there any additional compatibility program? Do you have a plugin that is more general and manages to run? It is not due to lack of resources of my phone, I do not know what may be happening, could help me find a solution .. Thank you very much.

I agree on my phone also it says that it is not compatible on it. There are so many applications and storage in my phone but it still says it's not compatible. I wanted to try this because I saw a lot of good feedbacks here. I hope admin will notice this matter.

LUCKMCFLY

legendary

Activity: 2562

Merit: 1873

Leading Crypto Sports Betting & Casino Platform

I downloaded it to my cell phone but it tells me that it is not compatible with the format, is there any additional compatibility program? Do you have a plugin that is more general and manages to run? It is not due to lack of resources of my phone, I do not know what may be happening, could help me find a solution .. Thank you very much.

ykaralis

newbie

Activity: 142

Merit: 0

Quote from: okala on May 05, 2019, 01:44:14 AM

Quote from: mindrust on January 20, 2019, 04:04:44 PM

Isn't stuff like these going to clog up the ethereum blockchain again? Cryptokitties had a big user base last year and ethereum was practically unusable for weeks. How is it going to be any different if this project attracts many players?

Exactly my point we know what the ethereuem blockchain faced during the last time when the ethereuem blockchain was used by gaming users which lead to the technical problem on the ETH blockchain, hope you have a more advance and different means of carrying this out without having negative effect on the network. And when can we expect the mobile version of the app as it can only be used on PC for now.

According to our roadmap, a mobile version of the betting app is planned for the 1st half of 2020.
However, we are currently trying to secure the necessary funding and resources to deliver it the earliest possible.

ykaralis

newbie

Activity: 142

Merit: 0

Quote from: game-protect on May 04, 2019, 10:51:55 PM

How much does it cost to use the betting app?

Placing a bet requires the payment of a transaction fee ("gas" for the use of the Ethereum network). That is usually between $0.05 to $0.15, depending on the load of the network.
Beyond that the betting house might charge a commission on the payout or not (you can see the commission by clicking on the name of your currently selected betting house).

romero121

legendary

Activity: 3234

Merit: 1214

casinosblockchain.io

Quote from: dark08 on May 04, 2019, 11:29:27 PM

Quote from: jzarifis on April 17, 2019, 04:40:50 PM

Kryptium is now in the TOP 10 dapps of the “Gambling” category on Stateofthedapps.com!

Wow thats a great run for Kryptium it will bring a good games for all of u, Im just keep monitoring your site for more improvement coming in the future.

Quote from: ykaralis on May 04, 2019, 10:21:22 PM

Product Update:

Kryptium app version 1.2.2 is now available for download!
It includes various improvements for betting on non-sports events and also a new auto-update mechanism.

Get it now from: https://kryptium.io/#try_it

Will download it later now my internet connection is too slow
Later will add review regarding this application thank you so much!!

Kryptium has got a good development team, dApps getting listed on the top is not that easy. Continued development and update according to the need from the common people increase the use of dApps. Though there were more dApps into development there is very few available for betting.

okala

full member

Activity: 980

Merit: 114

Quote from: mindrust on January 20, 2019, 04:04:44 PM

Isn't stuff like these going to clog up the ethereum blockchain again? Cryptokitties had a big user base last year and ethereum was practically unusable for weeks. How is it going to be any different if this project attracts many players?

Exactly my point we know what the ethereuem blockchain faced during the last time when the ethereuem blockchain was used by gaming users which lead to the technical problem on the ETH blockchain, hope you have a more advance and different means of carrying this out without having negative effect on the network. And when can we expect the mobile version of the app as it can only be used on PC for now.

dark08

full member

Activity: 798

Merit: 104

Quote from: jzarifis on April 17, 2019, 04:40:50 PM

Kryptium is now in the TOP 10 dapps of the “Gambling” category on Stateofthedapps.com!

Wow thats a great run for Kryptium it will bring a good games for all of u, Im just keep monitoring your site for more improvement coming in the future.

Quote from: ykaralis on May 04, 2019, 10:21:22 PM

Product Update:

Kryptium app version 1.2.2 is now available for download!
It includes various improvements for betting on non-sports events and also a new auto-update mechanism.

Get it now from: https://kryptium.io/#try_it

Will download it later now my internet connection is too slow
Later will add review regarding this application thank you so much!!

Edit: after downloading the application and try to install it said that not compatible to my phone hmmm

game-protect

hero member

Activity: 1344

Merit: 507

How much does it cost to use the betting app?

ykaralis

newbie

Activity: 142

Merit: 0

Product Update:

Kryptium app version 1.2.2 is now available for download!
It includes various improvements for betting on non-sports events and also a new auto-update mechanism.

Get it now from: https://kryptium.io/#try_it

jzarifis

jr. member

Activity: 46

Merit: 1

https://kryptium.io

Blockonomi.com published an interesting review of the Kryptium betting platform.
You can find it here: https://blockonomi.com/kryptium-decentralized-betting/

Topic: Kryptium - A truly decentralised, community-powered betting platform - page 2. (Read 1360 times)