Ever felt like carnival games were rigged? That’s how online casino players used to feel. Today, blockchain and provably fair games are changing the game, offering transparency and trust in crypto gambling. Let’s explore this innovation!
What Are Provably Fair Games?
When we’re talking about provably fair games, what the goal here is to deliver a level of transparency to the player that they’ve never had access to. For the most part, casinos have operated with a “trust us, bro” mentality. They have been subject to oversight from gaming authorities to make sure that their bitcoin games are on the up and up. However, with provably fair games and a marriage with crypto, the innovation could make tracking, review and checking in on the transparency so much easier.
How Can Crypto Help?
The blockchain is essentially an immutable ledger where transactions can be looked up and verified. Setting aside the benefits in the financial sector, in terms of gaming, this means that anything can be looked up and checked by players. If you feel like something is awry, you’re able to go on the blockchain and see what happened.
Keep in mind that a few things will have to be true:
- You’ll have to be playing at a crypto casino and playing a game that is using a blockchain to track the transactions
- You’ll have to know which blockchain they’re using
- You’ll have to get back a transaction ID, so that you know what to look up
If any of those are not true, you’re not going to be able to look anything up. If they are true, you’ll be able to review every single hand, spin or crash on the blockchain in real-time. That’s pretty handy.
The future is friendly (and fair)
Crypto fairness is one of the reasons to be playing a crypto casinos, but you have to temper your expectations these days. This is all still very new. There are casinos that use blockchain-based algorithms to send players the hashed results and allow them to verify everything in real-time. However, there are still many shops that are still learning how to incorporate these new features and give the best access to players.
Furthermore, diving into a blockchain yourself is no easy feat right now. There are companies like Chainalysis who are forensic experts in this space. At the same time, there aren’t a ton of user-friendly ways that newbie (or even moderately experienced crypto people) can go and dissect what has happened.
My Opinion On Provable Fairness
The good news is that the innovation is happening as we speak. Blockchain gambling is growing by the day and fair crypto gambling is the backbone of this. If players can trust and verify, they’re more likely to use it. For now, it’s still nascent technology and is tough to rely on for transparency. By this time in a year (or possibly even a few months), expect the crypto casinos to unveil more user-friendly ways, so that players can easily review the games, history and fairness. That type of functionality is only going to help the crypto gaming space continue to blossom.
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