We all try out our luck in gambling at some point in our lives. With developments in technology, every domain has been made an online service, and the gambling industry is no exception. The gambling industry is a booming industry which has only been growing with time. Even with the introduction with online gambling, casinos are still full of people hoping to hit the jackpot. But that doesn't mean that the online gambling platforms don't have any users. These platforms have a fairly large number of users as well. The launch of iGaming (online gambling) platforms has thus increased the number of participants in the gambling industry.
"Gambling has held human beings in thrall for millennia. It has been engaged in everywhere, from the dregs of society to the most respectable circles."
Gambling has a general negativity associated with it in the sense that the money is easy come easy go, and people easily get addicted. Nothing can be done about this because it is the nature of the game. However, there are some additional concerns in the existing online gambling platforms that is limiting the number of users on it. There is a lot of scope for financial fraud through stolen credit or debit cards. There is no transparency in the transactions that take place and the provision of a service by the service provider cannot even be proved. A lot of time is required for processing documents and making payments to the winner so there is no scope for immediate transfers. Also, a lot of expenses are involved in setting up the platform and earning users' trust, which then easily gets duplicated in the market and these duplicates use faulty algorithms to cheat the users, which ruins the name of the original company. Basically there is an overall lack of trust, whether it is the outcome of the game, or the payment options, or the prize payment or just the authenticity of the service provider. This is mainly due to lack of transparency. Thus, there is a need for a system which offers transparency and encourages users to participate with full trust, to truly expand the online gambling industry. This is exactly what TruePlay aims to do using blockchain technology.
The Blockchain Solution
TruePlay uses blockchain technology to instil a sense of trust and reliability in the online gambling service providers by providing complete transparency. It has developed an honesty control system which ensure independence of the result from the bet made. It also enables instant payments through crypto-tokens and smart contracts to ensure validity. With the TruePlay CDN, it ensures availability to users irrespective of the quality of their internet, and also prevents content copying. The TruePlay platform also has the functionality of providing individual game statistics of the user, which current online gambling platforms are lacking.
With all these features developed using blockchain technology, TruePlay proves itself to be an efficient and affordable upgrade to current online gambling systems. It eliminates all the limitations causing lack of trust in current iGaming platforms and thus, proves to be a primary tool in helping the online gambling industry reach greater heights and unleash its full potential on a global scale with nothing to hold it back. The project has already got good reviews among the expert communities and its working has been published in several notable journals and newspapers. With its talented team of highly knowledgeable and talented team working diligently on the project, and the highly supportive powerful investors backing them up, the project is sure to be a successful venture.
Website - https://trueplay.io/en/
Whitepaper - https://trueplay.io/docs/en/TruePlayWhitePaper.pdf
ANN - https://bitcointalk.org/index.php?topic=2771636.0
Telegram - https://t.me/trueplay
Published by - smithjones
Profile - https://bitcointalk.org/index.php?action=profile;u=1936039
