Online casinos may pay you in cryptos, charge you in crypto does not mean that they are blockchain based. Does not mean that they are fair. These casinos may be audited by a third party, does not mean that they could be trusted. This is why for many years, we have been stuck with superficial and unsatisfying, bad gambling games online. They have never been fair to us and we know it.
Trust has been the problem with everything online, luckily for us and the future gens that is changing. We have blockchain to show who can be trusted and who can not, or more so to make our choice of businesses trust worthy is now in our control.
In blockchain casinos things are done differently.
It is coded on a decentralised network and can be checked any time and in any place. This means that i can see how my cards are shuffled, i can understand each transaction and in fact every one can. It is open for people to read. It is all bug proof, and logical. Mathematical provability leads to the trust and then there is lower house edges to support the rise of these blockchain based casinos.
Obviously, never to be confused with online crypto casinos, the blockchain one is the real shit. The real shit means that the casino can not cheat, as cheaters shut down and people spot the fish in not time.
A ‘Bitcoin casino’
A Bitcoin casino like bitcasino.io. is a casino which uses bitcoin and other cryptos as a Payment method. It is a Bitcoin casino, may also be provably fair but it is not blockchain based.
It is just like any other online casino, it offers flexibility to pay and cash out by offering in-game crypto currencies such as the fiat ones like USD, EUR and so on.
A ‘Blockchain casino’
A blockchain casino such as edgeless.io uses blockchain network to operate. This means they use ethereum’s ‘smart-contracts’ to run their games.
This allows them to be better by:
– Having a publicly visible bankroll on the blockchain.
– A random number generator, RNG, (a mechanism which rolls slots, shuffles cards and rolls the final outcome). This means no cheating.
– ”Casino incoming deposits and withdrawals that can easily allow anyone to check how active the gambling operation is.” This means no lying.
This means that all the problems of online casinos have been overcome, by blockchain. Truth shall prevail!