The Gambling Industry

The Gambling Industry

Blockchain technology will increase the confidence in gaming services through openness and prevent fraud on the part of the organizers.

Current issues

Lack of trust.

Deficiency of confidence in gambling: organizers can influence the randomness of events or distort data on payments.

There is no guarantee of payment.

The player may not receive a reward under various pretexts, for example, because of the bankruptcy of the casino.

Territorial binding.

The available services may be limited by geography.

Dependence on banking services.

Banks significantly limit cooperation with gaming services or do not cooperate at all.

Casino on the blockchain

The main advantage that a casino gives to a casino is decentralization.

The main difference from conventional casinos is as follows:

  • decentralization of the game created on the blockchain
  • open code casino or gaming service
  • inability to influence the finished game

Blockchain provides players the ability to perform transactions not from bank cards and accounts, but using Credits (CS) coins, that is, the crypto currency is used as a mean of settlement within the game. The player receives a prize in the crypto currency and can exchange it for fiat money on special exchanges.

Benefits

Guarantee of payment of remuneration. In case of victory, the player will receive a win and even the organizer will not be able to prevent it.

Reliability of the formation of random values. A smart contract on the Credits blockchain is used as a random number generator.

Absence of intermediaries and banks. Direct interaction between the player and the casino when transferring the crypto currency.

Casinos work in a global network, as well as a blockchain platform. There are no borders typical for fiat money.

Usage scenarios

Part of the game is implemented on a smart contract

On a smart contract, a random value can be generated to determine the outcome of the game. Generation algorithms are available to all players.

The game is fully implemented on the blockchain

The game is a single decentralized application, fully implemented on the Credits blockchain.

The game uses crypto currency

The player receives as reward not fiat money but the Credits cryptocurrency. At the end of the game, he can change them for fiat money.

Use examples

Decentralized online casino

Sports betting

Custom Online Casino

Poker on the blockchain

Monitoring of game and betting services

Blockchain returns trust

Detailed presentation

Why Credits?

We have created a unique blockchain platform which makes it possible to adopt blockchain technology in a variety of existing industries

A unified protocol for issuing, storing and transferring various types of assets

Infrastructure on a distributed network with a public registry

Accounts system with public and private keys

Set of security systems

Built-in programming language for creating services

Contact us

We have a strong team of programmers and support offering:

Consultations on how to use technologies

Help with PoC (proof of concept) and MVP development

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