Introduction
There has been several questions put over the legitimacy of gambling. The popularity of these sports is insanely high and the money involved is in billions of dollars. The conventional betting is done with players playing facing each other and bet their money on the game. Some say it is a game of luck and some say it is pure mathematics, but whatever may be the logic behind it, it is surely a game of high ups and downs. The existing platforms offering gambling options are flawed in many ways. They lack much interms of tranparency and disclosing the terms and conditions to all the users. Players of these platforms have no option to check the correctness or authenticity of the gaming algorithms used. The random number generation and card serving in poker game is highly abstract and the player has no way to know if its fair. Even the account used by the players are in the hands of the platform, so they are always under threat of account blocking and gwtting dis-owned from the platform. The player has no means by which he can fight for his rights. The security mechanism used by these platforms is highly vulnerable to cyber attacks and the private and confedential data of the players are at huge risk. The transaction of transferring money to the winner takes much time and that is a major disadvantage of this system. Not only the players but also the operators face several problems like trust issues, inefficient transaction capabilities, very poor scalability, and others. To overcome this problems, a better robust platform is much needed and Winstars is a new blockchain platform which has solution to these problems.
Solution Offered
Winstars is a blockchain powered decentralized platform running on ERC20 platform, which provides gambling options to all the users online. It is completely decentralized in terms of storage and high security features for the user's data and for the algorithms it uses. It is a totally transparent platform, where we can easily gamble and know all the beforehand disclosures. They also share their algorithms in use for the conduction of game. They provide warranty to the winners pay off. They do not put any restrictions on the international transactions amount and that too very quickly they settle the pay offs. They use the crypto currency tokens as the medium of exchange for the winners. They also share their profits among all the users, about 10% of the profit amount is shared among the players of this platform irrespective of being a winner or not. They have a strong security system to safeguard the player's confidential data and also a robust backup plan to recover from any cyber attack. Block chain keeps a log of all the activities on the platform as a result of which players can be assured of the fairness in the algorithms used in the game and also to possibly determine their next move in the game.
Conclusion
The scalability options provided in this platform are quite efficient and can adjust according to the number of users and allows international players to take part. It relieves of any limitation of transaction, which in earlier platforms was a major drawback. All these new and exciting features look quite promising. We should surely take part in this platform, it is not only aptly secure and robust but also transparent, which is the need of the hour. It is all set to revolutionize the gambling industry in the best way possible.
Website - https://winstars.io/
Whitepaper - https://winstars.io/whitepaper.pdf
ANN - https://bitcointalk.org/index.php?topic=3591488.0
Telegram - https://t.me/winstarss
Published by - dannywhelan
Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1606458