Why gambling on the blockroom is so popular among investors
Looking back, the year 2017 can be safely called the year of blockade fever. Along with the sharply increasing interest of the public, the capitalization of all major crypto-currencies has increased at times. The industry was pumped up with money, and developers and businessmen rushed to master this new, as yet almost unregulated market.
Today, many people talk about the HYIP and projects that mention blockage in their documentation just for collecting stalemate funds. Indeed, it is not always clear whether blocking is necessary to sellers of legal marijuana or a recycling factory.
Nevertheless, several huge sectors of the world economy have proved that they really need a blockade. And here an excellent example is the multibillion-dollar industry of online betting and gambling.
People always made bets and played in the lottery and gambling. This is a huge market with an annual turnover of more than $ 37 billion for 2015. It is expected that by 2020 this amount will double. However, this type of activity is not always effectively regulated in a number of countries. To facilitate their work, many online casinos have long been using crypto currency, as an alternative way of settlement. The advantages are obvious - anonymity, simplicity (you do not even need to get an account), fast processing and availability anywhere in the world.
But recently, developers have paid attention to the fact that gambling online services can benefit not only from the use of crypto currency, but also from the integration of the technology of the blockade into its own structure.
Everyone knows that the casino always stays in the win. Otherwise, why would people be engaged in gambling? Yes, you can win a large amount of money in a casino, at bets or buying a lottery ticket, but in the long run, the one who controls the game earns the most.
And here the main problem is the opacity inherent in traditional gambling business. How can a player be sure that the "institution" plays by the rules? In the network, this is even more difficult to control and all online gambling became a real mecca for scammers.
The use of blocking technologies allowed for the first time gaming platforms to prove their honesty. The very architecture of the blockade allows any user to audit both the movement of finance and the code of the rules of the game.
To date, there are a number of solutions for online gambling based on the blockbuster. The largest are such well-known projects on the market, as VDice, Edgeless, DAO.Casino, collected in the period of tokenize amounts equivalent to millions of dollars.
All these projects are united by the fact that they are created on the Efirium blockbuster based on the ERC-20 token, which, firstly, guarantees reliability and transparency, and secondly, allows the use of smart contracts to create complex but reliable gaming systems without using external guarantor and third parties.
