When we see the name of this initiative it is quite clear that it is a project that uses the Steem blockchain to carry out digital betting activities.
In order to participate in this betting platform, all that is needed is a Steem account that can be quickly acquired through Steem.ninja's services or simply by using the normal account creation procedure.
Because this platform operates in a blockchain, all transactions carried out in it can be easily audited by any individual with sufficient technical knowledge to do so, the important thing is that the related information about movements and transactions of cryptocurrencies and crypto tokens will be available to the public.
Some of the advantages of using a betting platform based on blockchain technology are the following:
Total transparency: because the technology is open source, the chances of a platform of this type being rigged to favor cheating participants are pretty much zero.
Greater freedom to move currencies: one of the main reasons behind the creation of Bitcoin, was to allow individuals greater economic freedom to be in complete control over their money, and not subjugated to government regulations that are often intrusive and that can even violate the freedom of citizens.
The same applies to all cryptocurrencies or crypto tokens that have been emerging in recent years, all of them allow the users greater freedom in relation to the movement and management of their funds. In the case of SteemBet, users will be able to freely movie their tokens without any regulation that affects their freedoms, so it can be said that they will have total control over their currency regardless of the country in which they live.
This is my English translation of a segment from one of my previous Spanish articles.
DISCLAIMER
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.
