Introduction
In a globalized modern world, people enjoy an increase growth of income. This has a positive effect on the gambling industry, both traditional and online. The industry shows an increase in the growth rate because of the development of the information technology and the Internet, which allows many people to play worldwide casino games and place bets on their favorite sports team without leaving their homes. Mobile devices gave people freedom to play games everywhere, as long as they have Internet connection. The new technologies caused the online gambling industry, particulary the online casino and sports betting market to have a good impact on the people. Online casinos and sports betting sites have much lower transaction costs than any traditional gambling establishment.
However, the online gambling industry is facing several problems. One of them is the fraudulent behavior of some operations, which undermines the credibility of the entire market. Players are afraid of fraud and this causes a slowdown in the market. Other problems include the risk of having one’s account block and the subsequent withdrawal of funds.
To solve these, GAMBLICA aims to create an absolutely transparent international blockchain-based online gambling operator, which allows the verification of transactions and the reviewing of the RNG algorithm of every bet or game.
By integrating the blockhain technology into an online gambling business, Gamblica can build a transparent system so that they do not allow the casinos to block the player’s account or prevent them from withdrawing their funds.
Gamblica Project (https://gamblica.com/doc/WP_Gamblica_v.1.0.6_en.pdf)
Gamblica is an international online gambling operator based on the integration of innovative IT solutions in the fields of online gambling and blockchain. Gamblica provides a unique betting opportunity to any gambler regardless of their location and income. The Gamblica platform runs on a decentralized smart contract system, ensuring the privacy and the security of the profile of the user, the fair random generation cards distribution, betting slip odds calculations, payouts, and the distribution of funds. Their team is managed to create systems that guaranteethe transparency and fairness of every gambling activity.
The Gamblica platform is designed to solve the trust issues of the gambling industry and to protect their users’ personal data. Anyone is free to view all the information on operational activities in an open public ledger with mathematical proof of authenticity. The implementation of the blockchain technology will ensure the transparency and fairness of the system.Gamblica has enormous potential to attract international customers by providing an excellent game service and guaranteed payouts.
Gamblica Technology Overview (https://gamblica.com/doc/WP_Gamblica_v.1.0.6_en.pdf)
The main advantage of Gamblica is the transparency of the system which ensures players about the fairness of each game’s outcome. A random number is calculated by the RSA cryptographic algorithm, based on one-way hash functions.
First RNG = F (Hash of the 6th block from the end, Hash of the GMBC player transaction input block)
Subsequent RNG = P (Hash of the 6th block from the end, Previous RNG)
Input parameters are the transaction hash, the previous RNG (absent during the first generation), and the private key of the slot machine, generated at the beginning of the game session. The result is checked via the inverse function of this algorithm from the received value and the platform's public key, which will be publicly available.
Project Advantage
Using the blockchain technology, the Gamblica platform thrives as an online gambling business and has a number of advantages, which include the security of their players’ data. Aside from this, users of this
Why choose Gamblica?
• No financial borders or hidden transaction fees
Crypto currencies are being used for transaction. No other fees will be collected and the processing time for transferring funds is also fast.
• Excellent management
Gaamblica has a team of highly qualified people with many experiences in tradional gambling projects.
• Decentralized system, guaranteed payouts
Its decentralized system has eliminated the risk of accounts being hacked. It also reduces the processing time of transactions.
• The ability to check the casino's fairness and verify the next played card
The system is very transparent. Thus, players can verify the fairness of the platform.
• Scalability and potential for attracting new users
Online casino allows users to attract more players with the help of the blockchain technology. There will be no additional charges and players worldwide can accept payment through it.
• Users can bet with no minimum first game deposit and can test the system
Thanks to the use of in-game tokens, because they reduce the transaction costs. Users can make a deposit with no minimum limit. It provides players from anywhere in the world an opportunity to place a bet on an online platform.
