How blockchain technologies may be used in online casinos and a few sites that work with them
Now it is necessary for gambling platforms to add convenient and modern features to their algorithm. In addition to API, the blockchain and smart contracts are now in great demand – they are efficient, transparent and easy to operate.
Blockchain technologies are used to store tons of information without any risks. Over the past few years, almost every top-rated casino in Kenya have started to work with them – as sports betting platforms are actively developing, the demand for modern technology is expectedly increasing. In the case of online casinos, they have a number of features and advantages that are worth exploring in more detail.
What is blockchain?
It is a decentralized network that consists of a chain of blocks of information. All these blocks contain data on previous transactions and other events recorded by some cryptographic method. This allows you to protect the information from unauthorized changes.
Blockchain’s main advantage is an opportunity to check the status of any transaction in order to confirm its validity. Furthermore, the technology is essential for the transmission and storage of digital data.
In Kenya, there are several platforms that using blockchain technologies in various ways:
- 22Bet;
- Springbok;
- 1xBet.
Here’s a few more possible ways of its application below.
Ensuring transparency
This is equally important for players and gambling or betting providers themselves. With blockchain, operators can prove to their players that their bets were made fairly, according to the rules. In return, players can obtain information about all content, including odds, winnings results and even transaction history.
Efficience
Some online casinos that work with smart contracts may be more cost-effective, since the blockchain allows them to manage various gaming aspects autonomously and even reduce some of the operational expenses.
Gambling fairness
Blockchain technology has started to be actively implemented even in slots and sports betting. They allow recording information about every spin and wager, thus minimizing the doubts of players.
Bonus distribution
The fair distribution of bonuses and loyalty program rewards became much easier thanks to blockchain, since it’s often useful for providers to improve existing rewards programs based on audience preferences.
