Crypto Casino
The First of it's kind
Proof Of Risk (POR) with internal decentralized casino
The definitive gambling experience of the next generation
CryptoCasino: Bitcoin the first true decentralized currency - Crypto Casino the first true decentralized economy
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Premine: Their will be a premine of..... 0% Proof Of Risk - Decentralized Economy - Financial Freedom
Mining Algorithm: TBA
Block time/Retarget/Reward: Based on POR - discussed in detail below
House Block Time: 24 hours - first 18 hours released last 8 hours retained for those that beat house
Max Coins: TBA
Release date: TBA
Mining in Crypto CasinoMining coins in Crypto Casino are 100% earned by Proof Of Risk Protocol and collecting transaction fees for securing the network and processing the transactions. This efficient mining protocol results in low energy mining so mining profits won't be negated by high electricity bills and it's very environmentally friendly unlike Bitcoin and many Bitcoin clones.
Internal decentralized CasinoIn Crypto Casino their is House gambling and peer 2 peer gambling. Like any other casino in Crypto Casino the house has the slight upper hand when a player beats the house they keep their profits, however when a player loses to the house these funds go to the house. In turn these funds will be distributed to all miners and some gamblers under proof of risk and dynamic distribution. People gambling against each other in peer 2 peer will not be able to earn coins through proof of risk for the most part because of the chance of game setting and manipulation. People gambling against eachother will win profits like a conventional casino (a small percentage of wins may be taxed to go to the house to discourage fake wins this however is TBD and is not final).
Proof Of RiskProof of Risk is a new protocol built from the ground up for Crypto Casino. The mining Distribution relies almost completely on POR and so do house gambling aspects. POR allows the distribution of coins through mining to be more dynamic seeing as how CryptoCasino is non-inflationary in the traditional manner a 51% attack will not be possible and other malicious attempts by big miners are negated.
House SafegaurdTo protect the House from going into debt and not being able to pay out wins Log will be implemented (Lesser Opposition Gain) that makes sure overall the house does not end up in the red and it is able to pay out wins while still paying miners.
Work for CryptoCasinoWe will be placing positions for development, marketing etc. soon so keep an eye out.
Note this is just the initial AnnouncementThis is just the Announcement of CryptoCasino further aspects such as Decentralized Exchange, Live Event Integration and more technical Aspects are yet to be released but will be done in a timely manner. At the moment no Donations or investment are being accepted this phase will be released along with other technical announcements soon, please do not send funds to anyone claiming to be accepting them on CryptoCasino behalf unless otherwise stated in this official post.