Online Games on Blockchain is Future of Casinos
With the coronavirus pandemic shutting down most casinos around the world, a surge in online gambling was seen in the past year. This trend is expected to continue as the virus has forever changed how people interact and what is considered the “new normal” way of living relies heavily on online transactions. With the huge amount of data being generated by online gambling, many websites simply cannot handle it anymore. Hence, new technology is needed to accommodate big data and still be able to smoothly operate these casino games.
The Bitcoin SV blockchain can handle all of these and more. Aside from data blocks being scaled massively to accommodate massive volumes of data, it also provides transparency, security, accessibility, and immutability to online gambling. Recently, international gaming company BitBoss has successfully developed and released the first-ever blackjack casino game built entirely on the Bitcoin SV blockchain.
“Like with our other offerings, every single bet and bet result for our blackjack game is a transaction on the Bitcoin SV blockchain. But with blackjack, we go further, because blackjack is a multi-action game; choosing to buy insurance, doubling, splitting, standing—every action is recorded as a blockchain transaction. This has a ton of benefits because everything is provably fair, you don’t have to build off-chain technology and try to scale it. Everything is on the Bitcoin SV blockchain,” BitBoss CTO Alex Shore explained.
The BitBoss team had to work around what is called a chain limit in developing blackjack on blockchain. Because every action taken by the player during the game is considered to be an unconfirmed transaction chained together to prevent double-spending. Until the block is fully mined and confirmed, it hits a limit of about 50 chains as dictated by blockchain protocol.
“We’ve done a lot of work on this limit, but when it goes away, our system is going to be that much more powerful. Even if a block takes 90 minutes to get mined, it doesn’t matter. Even if you play now before you hit the limit, you can play a lot and it’s fast. It’s the same speed as playing a client-server game, and to us, that’s revolutionary,” Shore said.
The chain limit is expected to be removed in a matter of months. And when that happens, a complete set of casino games can be easily developed. This is the future of casinos that businesses are investing in.
“The removal of that limit is massive for online gaming. It basically completes Bitcoin SV as the ultimate blockchain for gambling. The solution that we’ve built is so much more powerful than other solutions because we’re doing everything on-chain, so when the limitation is gone, we have all of the power and benefits that we have spent a lot of time creating—with no limitation to the user,” BitBoss CEO Matt Dickson added.
And this is why people no longer need to go to casinos and expose themselves to the coronavirus. They can just gamble to their hearts’ content in the comfort of their homes. Online gambling has never been more secured than it will be with the Bitcoin SV blockchain.
This article has been published in accordance with Socialnomics’ disclosure policy.
