EOSBet Welcomes BTC Deposits, Cashouts & Bets
February 15, 2019
EOSBet Casino launches Bitcoin betting in beta, making EOSBet the first EOS dApp to natively accept BTC. Players will get 10 BET for every 1 BTC wagered.
Know more about the concept of provably fair and learn how to verify the Bitcoin games you play. In this way, you’re assured of honest and accurate gaming!
If you have been on a losing streak, chances are you will be wondering if the house is already playing tricks on you. If this is the case, then there’s nothing else you would wish for than to have the ability to actually verify if the results of your games are fair.
If you’re playing in an online casino, then you can only dream on. But if you’re spending more time in a Bitcoin gambling site, then your wish has come to life as Bitcoin casino features the concept of provably fair gaming.
Provably fair gaming is the trait that makes Bitcoin gambling distinct from the normal gaming experience offered in casinos online. In fact, if you value the reliability and the honesty of a casino, it would just be logical to jump ship to betting with bitcoins now that you have the power to keep a watchful eye on the game outcomes of every gambling venue that offers such a feature. It is a huge advantage for a Bitcoin mobile casino.
Technically speaking, it’s a mechanism that makes cheating impossible for both the house and the player. Through this system, you’re provided with ways to ensure that all the numbers are randomly generated and that the results of each game are free from any alterations.
In short, you can trust that a game of Bitcoin blackjack, roulette, dice, and many more that are provably fair are guaranteed to be random and reliable.
To understand how this mechanism works, on the other hand, is quite simple and only requires basic logic. In fact, you can think of it as your pin code or password.
When a Bitcoin gambling site utilizes this system, you can always expect that it uses the cryptographic hash functions to generate strings from normal data. Once the data has been successfully turned into strings, you will see a series of alphanumeric characters, which can also be called the hash.
The hash, which contains the original data, is instrumental in proving the fairness of Bitcoin games. In order to prove, you must keep in mind first that various Bitcoin gambling sites offer different ways to check the fairness and validity of the game results. But regardless of the verification method, trust that you will be able to successfully assess fairness and accuracy.
The first method is to compare the hash with the server seed that has been revealed by the house. If you find a match, then you can say that the game has a provable fairness. On the other hand, you have to take note of the daily secret hash that’s published on the website the day after. Use the published secret hash to calculate for the random number result and check if the games you have played were provably fair.
With the ability to check for the games’ provable fairness, there’s no need for players anymore to judge the house of trickery right away. What’s even better is that you’re assured that you’re not wasting your bitcoins on a scam Bitcoin gambling site.