Why gambling on EOS chain is more secure for gamblers? And how Bethash ensure it?

in #gambling5 years ago

https://twitter.com/BetHashTeam/status/1164141902872158210

As with any online casino, users play with the hopes of having fun and making money. Unfortunately, suspicions that a casino might be unfair, potentially tampering with game results can completely spoil the experience.

One of the common ways casinos overcome this issue is by using a random number generator (RNG) to ‘fairly’ produce the game results. However, concerns that this could be exploited or altered ahead of time means RNGs do not completely solve the problem of fairness.

The BetHash Solution

To ensure that our players can confidently use the platform without worries, we have designed an innovative way to ensure that all game results are generated in a 100 percent fair and transparent way.

Instead of using a random number generators to produce our game results, we instead draw our results from the EOS mainnet itself, using the randomly generated blocked ID from each newly generated block. This ID cannot be predicted in advance and is generated by a network of 21 trusted EOS block producers.

These block producers are selected based on their involvement in the EOS community and their reputation as a trustworthy entity. This selection occurs through a continual voting process, ensuring only the most competent and well-reputed block producers are able to help maintain the integrity of the EOS blockchain.

Each of our games shows you exactly how the outcome was generated, making it easy for you to see that the result was drawn fair and square. In addition to this, every game includes a list of previous game results, allowing you to independently verify your results.

Don’t take our word for it, play today and see for yourself. BetHash is the fairest casino around!

Why EOS?

Arguably the fastest and most secure blockchain available, EOS is uniquely suited for the task of fairly generating game results for BetHash.

With EOS, new blocks are produced every 500 milliseconds—equivalent to two blocks every second. This enables BetHash to quickly generate the results of even fast-paced games like Dice and Slots with practically no delay.

This means no more waiting around for game results, your bet is recorded on the EOS blockchain in just milliseconds, ensuring your results and winnings are drawn and delivered with almost no delay.

Beyond this, the EOS blockchain allows us to issue our own EOS-based tokens which can be used to provide our users with additional value for using the platform. Currently, BetHash issues two such tokens HPOINT and HASH.

HPOINT is a reward token distributed to BetHash users for playing games on the platform. This can be wagered to earn even more POINT, or exchanged into HASH, which can be staked to earn dividends from the daily payout pool.

https://twitter.com/BetHashTeam/status/1164141902872158210

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