Using Cryptocurrency like Bitcoin will warrant an open ledger transaction so this casinos have no choice but ti be fair to their clients. The Blockchain thanks to its innovation has forced crypto casinos to either remain fair or lose their reputation and this is why many reliable casino are emerging based on the technology.
I hope you know that there are some sites that do not care about reputation. Blockchain games are more interesting especially using Bitcoin to make many of our betting. It is very easier for us because we are out the stress from bank and the government trying to look into how we bets and how we spend our money 
Topic: What are the origins of provably fair technology in gambling? - page 2. (Read 526 times)
February 06, 2023, 04:32:19 PM
February 06, 2023, 04:28:03 PM
Using Cryptocurrency like Bitcoin will warrant an open ledger transaction so this casinos have no choice but ti be fair to their clients. The Blockchain thanks to its innovation has forced crypto casinos to either remain fair or lose their reputation and this is why many reliable casino are emerging based on the technology.
I hope you know that there are some sites that do not care about reputation. Blockchain games are more interesting especially using Bitcoin to make many of our betting. It is very easier for us because we are out the stress from bank and the government trying to look into how we bets and how we spend our money Blockchain/crypto games can offer anonymity or freedom due to their decentralized nature but stress can still be felt once we can't accept our losses from playing the game. That mostly can occur if your goal in gambling is to solely make money but if you only play for fun then things can only go smoothly.
February 06, 2023, 03:58:08 PM
Using Cryptocurrency like Bitcoin will warrant an open ledger transaction so this casinos have no choice but ti be fair to their clients. The Blockchain thanks to its innovation has forced crypto casinos to either remain fair or lose their reputation and this is why many reliable casino are emerging based on the technology.
I hope you know that there are some sites that do not care about reputation. Blockchain games are more interesting especially using Bitcoin to make many of our betting. It is very easier for us because we are out the stress from bank and the government trying to look into how we bets and how we spend our money February 06, 2023, 02:56:15 PM
As far I know, provably fair technology in crypto gambling is simply the application of cryptography/hash functions onto an specific market or purpose, so one can verify the gambling results in a trust-less way. The theory behind it is not actually new.
I am not sure what the first platform that started this trend was, though.
Yes, it’s actually done through a robust encryption. This provably fair technology helps to create more game transparency and its game integrity that’s why crypto gambling has its constant feature of this provably fair technology. This is also the reason why these provably fair casinos are more reliable than those traditional online casinos as games have more assurance that they are not rigged and are very transparent. I am not sure what the first platform that started this trend was, though.
February 06, 2023, 02:36:10 PM
Using Cryptocurrency like Bitcoin will warrant an open ledger transaction so this casinos have no choice but ti be fair to their clients. The Blockchain thanks to its innovation has forced crypto casinos to either remain fair or lose their reputation and this is why many reliable casino are emerging based on the technology.
I hope you know that there are some sites that do not care about reputation. Blockchain games are more interesting especially using Bitcoin to make many of our betting. It is very easier for us because we are out the stress from bank and the government trying to look into how we bets and how we spend our money February 06, 2023, 07:34:34 AM
The provably fair technology actually make use of 3 things.... the Serverseed which is hashed (encrypted) and the Clientseed which is known to the gambler and which can be changed by the player on some sites and also the Nonce that increase with each bet, making sure that each bet can be unique and also be tracked. 
So for obvious reasons the Server seed are encrypted to protect the casino, but with the hashed server seed, you can determine if the process was scripted or if it was indeed a legitimate bet, with a variable outcome.
So for obvious reasons the Server seed are encrypted to protect the casino, but with the hashed server seed, you can determine if the process was scripted or if it was indeed a legitimate bet, with a variable outcome.
February 06, 2023, 03:59:45 AM
I cannot find anything of use on my net search about the history of provably fair. The application of the tech probably started or was made popular by crypto gambling platforms. Traditional casinos only has tools to "prove" randomness like an RNG Certificate but never heard of any player having the means to verify the result.
Yes. The concept of 'provably fair' technology in gambling can be traced back to the rise of cryptocurrency and blockchain technology. When Bitcoin came around in 2009, it brought a new level of transparency and trust to financial transactions. And that's what got people thinking, "Hey, why not use this technology to make online gambling fair too?" This, in turn, inspired the idea of using cryptographic algorithms to ensure fairness in online gambling.
Blockchain was mentioned, so obviously, these words started in the crypto world. And it simply means that results are verifiable in the blockchain, without a blockchain it cannot be called a Provably fair game.
Your first sentence is logically flawed. Merely mentioning something does not necessarily make it a reliable fact to base a conclusion on. Also, I have to correct you on your second statement. While 'provably fair' technology may use similar methods to blockchain, like cryptography, it doesn't necessarily mean it requires blockchain to be considered valid. There are numerous examples of online casinos that have adopted 'provably fair' methods that don't involve blockchain or cryptocurrencies in any way.
February 06, 2023, 02:50:19 AM
Hello everyone.
My first experience with cryptocurrency was with a popular bitcoin faucet known as freebitco.in.
A trusted site for years at this point, they utilize many forms of authentication technology, provable mechanics in all their games (not just the multiply game but on dplay and stuff too), and they are one of if not the largest distributors of free digital gold in the world.
They have a great business model too, especially if it has been running for the amount of time it has.
My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?
Thank you so much for answering <3 everyone, I learned a lot
!
My first experience with cryptocurrency was with a popular bitcoin faucet known as freebitco.in.
A trusted site for years at this point, they utilize many forms of authentication technology, provable mechanics in all their games (not just the multiply game but on dplay and stuff too), and they are one of if not the largest distributors of free digital gold in the world.
They have a great business model too, especially if it has been running for the amount of time it has.
My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?
Thank you so much for answering <3 everyone, I learned a lot
!I am sure that there would have been similar mechanisms in places where it would have been required, personally I have only ever seen "provably fair" painted on bitcoin/cryptocurrency casinos though. I don't think even most fiat casinos offer this kind of reassurance to bet legitimacy. Whether or not all "provably fair" systems are completely honest and true is what I continually wonder every time I see the words. I suppose that is another topic though and something I can not comment on with certainty (no one can I suppose).
February 05, 2023, 11:45:00 PM
this provably fair technology that maybe a lot of people like it more because it's transparent without casino interference so people can verify their bets, but I don't know who started it I don't think it's freebitcoin, I'm just a loyal user of freebitcoin and I'm very active there they are right true good site giving free bitcoins to all newbies
Ah, so you're a fan of provably fair technology! I can understand why, the transparency and lack of casino interference is definitely appealing. It's great to hear that you're a loyal user of FreeBitco.in and have had a positive experience there. As for the origin of provably fair technology, it's difficult to say who started it as it's likely the result of contributions from multiple people in the industry. But it's awesome that you found a platform you trust and enjoy using!
February 05, 2023, 05:45:04 PM
I cannot find anything of use on my net search about the history of provably fair. The application of the tech probably started or was made popular by crypto gambling platforms. Traditional casinos only has tools to "prove" randomness like an RNG Certificate but never heard of any player having the means to verify the result.
February 05, 2023, 12:32:23 PM
Cryptographic hash functions and seed numbers are commonly used in provably fair technology verification methods. The operator generates a random seed number and hashes it, after which the player is given the option of adding their own seed. The final result is generated using both seed numbers and then hashed, making manipulation of the outcome impossible for either the operator or the player.
To ensure fairness and transparency, some provably fair systems use public random number generators, such as those provided by blockchain networks.
To ensure fairness and transparency, some provably fair systems use public random number generators, such as those provided by blockchain networks.
February 05, 2023, 12:02:41 PM
Probably fair gambling do exists, this is a procedure where a player or gambler can verify that the consequences of games have been fair in real-time. Have you heard about Hashing before? this is the transformation of a longer string of data into a shorter string, when a seed numeral is hashed, it is encrypted. Some use seed generators and random number generators too.
February 05, 2023, 11:38:52 AM
My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?
No, as far as I research in this very forum the provably fair system was used on mining pools before but can't say for sure if this has been implemented considering the early thing I did researched for provably fair pools was in early 2016 with Slush Pool. Nevertheless, it was a success on crypto casinos. February 05, 2023, 11:30:42 AM
Just like what you mentioned, for CS go gambling, it's another type of gambling but it is not in cryptocurrency space.
This is just a personal opinion.
February 05, 2023, 11:21:45 AM
I just came across this concept of provably fair in crypto casinos a few years ago and I can only believe in it even though there is a way to prove it fair. I prefer to believe it and wouldn't bother to check it, especially if a reputable and trusted casino delivered it. They will maintain the reputation and trust of users with that provably fair concept and don't want to misuse it because it relates to their place of business. The more they can provide the best for their users, the more famous the casino will be.
The term is new in the crypto casinos' space and not all gamblers or bettors even understand the concept. Provably fairness on crypto casinos gambling is a very good technology because it detects the fairness of a casino for the gamblers. But the three variables must be used effectively. Server seed, Client seed, Cryptographic nonce. I totally agree with ethereumhunter that if a casino provide the good parts from their players and in return the players can provide the best of their choice of casinos then casinos will be willing to maintain their reputations just as the op does for freebitco, they have to maintain that standard.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
February 05, 2023, 10:52:26 AM
I just came across this concept of provably fair in crypto casinos a few years ago and I can only believe in it even though there is a way to prove it fair. I prefer to believe it and wouldn't bother to check it, especially if a reputable and trusted casino delivered it. They will maintain the reputation and trust of users with that provably fair concept and don't want to misuse it because it relates to their place of business. The more they can provide the best for their users, the more famous the casino will be.
February 05, 2023, 10:18:23 AM
My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?
As far as I know, there are choices and recommendations for online casinos that can be assessed in games at every online casino. It can be seen that they are still fair for users who place bets, regardless of technology they use systems like flash, HTML5 and random to make them look fair in the game.You should also understand other options in the assessment of each online casino that you want to use fairly, for example: the other hand, namely recommendations from several trusted sources on the internet or from the side of other professional users and experienced users at the online casino, it can also help you avoid fake games, mistakes or fraud that can happen at any time.
February 05, 2023, 10:18:01 AM
Hello everyone.
My first experience with cryptocurrency was with a popular bitcoin faucet known as freebitco.in.
A trusted site for years at this point, they utilize many forms of authentication technology, provable mechanics in all their games (not just the multiply game but on dplay and stuff too), and they are one of if not the largest distributors of free digital gold in the world.
They have a great business model too, especially if it has been running for the amount of time it has.
My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?
Thank you so much for answering <3 everyone, I learned a lot!
AFAIK the first one who has implemented this technology in its current form is Espringe in his famous crash game(the first one too) MoneyPot which became Bustabit later. Rhavar bought it and improved it. I may be wrong but I don't know older games using this feature as it is today. My first experience with cryptocurrency was with a popular bitcoin faucet known as freebitco.in.
A trusted site for years at this point, they utilize many forms of authentication technology, provable mechanics in all their games (not just the multiply game but on dplay and stuff too), and they are one of if not the largest distributors of free digital gold in the world.
They have a great business model too, especially if it has been running for the amount of time it has.
My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?
Thank you so much for answering <3 everyone, I learned a lot
!
February 05, 2023, 09:35:27 AM
Hello everyone.
My first experience with cryptocurrency was with a popular bitcoin faucet known as freebitco.in.
A trusted site for years at this point, they utilize many forms of authentication technology, provable mechanics in all their games (not just the multiply game but on dplay and stuff too), and they are one of if not the largest distributors of free digital gold in the world.
They have a great business model too, especially if it has been running for the amount of time it has.
My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?
Thank you so much for answering <3 everyone, I learned a lot!
My first experience with cryptocurrency was with a popular bitcoin faucet known as freebitco.in.
A trusted site for years at this point, they utilize many forms of authentication technology, provable mechanics in all their games (not just the multiply game but on dplay and stuff too), and they are one of if not the largest distributors of free digital gold in the world.
They have a great business model too, especially if it has been running for the amount of time it has.
My question is, does provably fair technology exists specifically because of crypto gambling or is it something else?
Thank you so much for answering <3 everyone, I learned a lot
!I remembered that before freebitco.inI also tried those faucets 5 years ago, I was still getting 500-1000 sats at that time. I still don't understand much about bitcoin, I just know that I can get free BTC there.
Now, regarding your question, there is no fairness when it comes to gambling in cryptocurrency. Of course, a casino will not be built if the owner knows that he is a loser, of course, that is not the case.
February 05, 2023, 09:33:57 AM
As far I know, provably fair technology in crypto gambling is simply the application of cryptography/hash functions onto an specific market or purpose, so one can verify the gambling results in a trust-less way. The theory behind it is not actually new.
I am not sure what the first platform that started this trend was, though.
I agree with you and but technology that is truly fair in gambling seems to have many categories and is very different, of course, especially in the eyes of gambling fans.I am not sure what the first platform that started this trend was, though.
As for its origins, I still don't know and am not sure because I have known the crypto gambling industry not long enough. Maybe those who have been on this forum since the beginning of the forum know more about this information.
Jump to: