The gambling industry constantly creates new rules and trends. Decentralisation and cryptocurrency technologies have become very successful and promising innovations in the field of gambling.
According to experts, in 2023, every second online casino platform in the world will accept bitcoins as a method of payment. Taking into account the modern trends, the search query “how to open a blockchain casino” is becoming increasingly popular with each day.
Before proceeding to the “active actions”, let us first define the very concept of a blockchain casino: what is this, and what are the main reasons for the popularity of such innovative technological solutions.
The gambling business, which is built on the decentralisation technology, is a multi-structural application ― a system of separate blocks where the information on each completed transaction is recorded and stored.
After close consideration, it becomes clear that the concept of a system control area itself is absent, and all the stored information is available to any user of the Network. Therewith, after the information is entered, it cannot be changed (none of the participants of the game or third parties can change the information at their own discretion).
In an ordinary casino, players may encounter a number of problems:
The Internet business that is based on the blockchain is built in a different way: all the work is divided and presented in the form of a chain of data, which should be fixed in the final unit of each block of information. All stored data cannot be changed, and the block immediately becomes accessible to the public.
Decentralised casinos offer their customers guarantees and many advantages:
By launching their own business, which is based on decentralisation technologies, operators obtain the following advantages:
Advantages of using the blockchain technology for Operators of Gambling Establishments
The list of advantages
An online business without a gambling platform
A decentralised application can be launched without the need to develop a traditional gambling platform. Moreover, an online casino can offer only one game. A great example is the BitCong virtual service. The portal presents one kind of entertainment, which is built on the principle of “red/black”, and the annual turnover of this website is about one hundred ninety million dollars.
Another advantage of the portal is that the owner of a unique entertainment does not pay interest to intermediaries (providers of games, software vendors or financial services)
Launch without a license
When it comes to the decentralisation technology, there will be no problems with the launch of a cryptocurrency casino and the legalisation of a project. Taking into account that there are no head offices and that the information is publicly available, the licensing of a business is totally unnecessary.
Exceptions are possible if on gambling websites, in addition to the blockchain blocks, there are traditional casino games from well-known providers as well
The technology itself is the key to the absolute safety and transparency of all game mechanics and financial processes that take place on the resource
The lack of the service controlling system
Operators receive the right to conduct gambling business without the need to adjust the work in accordance with the established statutory provisions in a particular country
Unique game mechanics
The innovative system allows you to use both traditional solutions like slot games and to bring to life creative ideas on the basis of your own sketches, create multi-structured offers, and introduce multi-user entertainments with several levels of complexity
The system of jackpots and bonuses
The blockchain allows you to significantly reduce the expenses on a gambling project due to the absence of commissions to intermediaries, maintenance of servers, and casino licensing activities. As a result, due to the savings, operators can offer their audience more promotional solutions, bonuses, and jackpots
By using the blockchain, operators can attract the attention of the audience with exclusive currency notes. Casino owners have access to both traditional identical elements and exclusive formulas that make it possible to realise accounting units in non-standard forms
If you have decided to bring to life your own gambling project, you will be able to use two main solutions: the Ethereum platform and the blocks in the form of a game.
This platform is a unique development ― a kind of a foundation for the production of a variety of systems based on decentralisation technologies. It is a convenient and simple algorithm, which is aimed at making contracts within information blocks. As an additional advantage, it is worth noting that the service has its own virtual currency.
Blocks of the application can be used as a game. For example, during a certain time slice, participants in the process send transfers to the specified address. After the session is finished, a user whose deposit appeared in the specified place in the chain becomes a winner.
The blockchain technology is one of the most promising trends in the gambling market. The unique system allows you to stand out against the background of similar proposals, significantly reduce the costs on the launch of a project, and enter a world market in record time.
Leave an application to the managers from Gaminator, and we will tell you how to choose a blockchain casino, how long it will take to develop an exclusive startup, and what games should be offered to fans of gambling. Our product range includes the best solutions from the world’s leading suppliers, and such a selection of products is quite large.
We also offer a full range of the related services ― from the personalisation of the administrative panel to free updates of the content, legal support, and integrated promotion of projects of any format.
Do not miss the chance to become part of the Gaminator team and offer gamblers an exclusive project that has no analogues.
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