Currently, there is a lack of trust that has characterized the conventional sports industry and this is clearly responsible for the refusal of potential players to register in such platforms. As a result of this, players often prefer to use intermediaries or the shadowy bookmaker organizations for their gaming operation. According to reports, the uncertified sports betting has a turnover of $400 billion every year. Taking that into consideration, players can lost money to these shadowy companies due to the unfair dealings of the underground bookmakers while others lost money to the conventional bookmaker companies because the coefficients are determined by bookmakers. The fact is that it is quite difficult to solve the issue of cost and trust and most technological systems in the industry do not have the ability to mitigate these problems.
Bitgoals solves all the problems highlighted above through the decentralization of the whole process. On this platform, players get to exploit the potentials and benefits of the blockchain mechanism, excluding numerous risk factors. Asides that, the processes are transparent and reliable and the payout is made quickly and shrouded in secrecy. In addition, a separate bonus management system is incorporated into the site. This allows participants to accumulate a secure and liquid bonus in all his gaming activities. For example, King scorer, who happens to be the platform first client, allows the accumulation of points and adds points every time a player scores a goal. Afterward, the bonus is distributed to the major Leaderboards based on the conversion. Whenever a player receives currency, he could decide to purchase additional features available in the game.
With Bitgoals, no one has the power to influence the game due to the incorporation of blockchain technology as well as the smart contracts. Several players from different parts of the world will most likely opt for the Bitgoals over the conventional centralized sports gambling system and other bonus services like the lotteries, betting exchange, and the bookmakers due to the technologies and the principles that influences Bitgoal thereby making it to be efficient and fair as possible. Also, the bitgoals platform offers customer protection in the real world. For instance, if someone predicts and bets on a particular game, the profit will be automatically recorded and documented by the smart contracts without any alteration or deflation by hackers or the site itself.
In conclusion, Bitgoals provide a level playing ground for all participants registered on the system and the smart contracts ensure that all conditions, payouts and bonuses are fulfilled promptly. website whitepaper bitcointalk ANN
Author - Coltpython
Bitcointalk
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