Tag: Provably Fair

How Provably Fair Gambling Protocols Work

Over the last couple of years, Bitcoin-based gambling has become more and more popular, with tons of online casinos now supporting the digital currency. One of the biggest advantages of bitcoin-based casinos is often the fact that they are provably fair. In this article, we will attempt to explain how the general provably fair protocol works, why it’s beneficial to players, and whether it is possible to cheat. What is provably …
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KIBO – the first decentralized lottery franchise

We’ve seen cryptocurrency lotteries with provable fair systems that can be verified on the blockchain before. So, why does KIBO platform matter? KIBO is much more than just a provably fair lottery, it is a completely decentralized lottery franchise system with immutable rules enforced by the Ethereum smart contract system. This means that anyone can open their own lottery platform and that KIBO will always be online as long as the Ethereum …
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The DAO Considers Peerplays Investment In Exchange For 5% Stake

The world of blockchain technology and cryptocurrency is spawning many new projects which deserve some attention. The DAO, which is now the largest crowdfunding campaign in history, is looking to invest in some of these projects. Peerplays is one of the projects under consideration Peerplays Considered By The DAO For Investment Using open-source blockchain technology to ensure casino card games are provably fair is an attractive business model. Peerplays is …
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Bitcoin Gambling Review – Cakebet

Cakebet is a Bitcoin casino and betting platform which focuses on the blackjack game. Card games have always been rather popular among the online gambling crowd, and doing so with Bitcoin makes the experience even more fun. But how does Cakebet stack up against the other competitors in the Bitcoin gambling world? Also read: Bitcoin Exchange Review – Bitfinex Playing Blackjack at Cakebet When opening up the Cakebet website, users …
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