Gambling-the future will see the application of blockchain technology
4/15/2021 3:50:22 AM
. Gambling-the future will see the application of blockchain technology
Online gambling has grown significantly in the past few years. But some of its core issues-namely the huge gap in transparency-have not yet been resolved.
The introduction of blockchain technology helps to establish transparency and build trust between businesses and consumers. This technology helps to ensure fair gambling: the records of the ledger will not be manipulated, so there will be no such thing as "the dealer will always win". Sites like Wagerr play the idea of "trustless betting", which means that the system is decentralized and you don't need trust.
Decentralization makes it easier to participate in gambling and reliably balances the cost of online casinos. In addition, it makes anonymity possible, which is very important for many gamblers. Sites that require too much documentation and verification can hinder people from participating and may become the main target of hacker attacks.