Skip to main content

BitHalo/BlackHalo Protocol Eliminates Risks in Peer-to-Peer Transfers

The revolutionary protocol dubbed BitHalo and BlackHalo for Bitcoin and BlackCoin, respectively, will benefit users worldwide, including casino enthusiasts.

BitHalo BlackHalo Protocol

BlackCoin’s announcement of the creation of a revolutionary protocol of eliminating risks in fund transfers poses promising benefits for Bitcoin and BlackCoin users in general, whether investors, consumers, or gamblers.

According to reports, the innovation produced by a member of the BlackCoin development team enables the creation of the world’s first smart contracts, which equips contracts with the ability to resist external threats like the Mt. Gox collapse, and therefore, make them unbreakable.

Called the BitHalo for Bitcoin and BlackHalo for BlackCoin, this protocol, which will serve as the basis for an umbrella app dubbed as NightTrader, is believed to benefit users in a variety of ways. Derivative markets volatility will be eliminated while decentralized exchanges independent from a middle coin will be established, along with good faith employment contracts, two party escrow, and backing of commodities among others.

Likewise, it will make the creation of unhackable wallets possible, which are essential for cryptocurrency users, especially with the advent of malicious threats.

“The protocol uses risk, reward, and agreement to circumvent malleability, which was ironically once thought to prevent these types of protocol,” said BitHalo/BlackHalo developer David Zimbeck. “Almost every sector of the economy that involves third parties runs the risk of loss to the consumer.”

He added that the new protocol empowers individuals to be in control of who they wish to trust and how to structure that trust when dealing with transactions.

Among the beneficiaries of this innovation, the Bitcoin casino enthusiasts are guaranteed to be at an advantage. This protocol will help them protect their funds from unfortunate situations since they are one of the most frequent users who engage in peer-to-peer transfers when buying Bitcoin for wagering purposes. Similarly, the Bitcoin wallets secured from hacks will further shield the funds.

BlackCoin gambling enthusiasts are also set to make use of this protocol because Zimbeck saw a great deal of potential for the alternative currency.

“I chose BlackCoin because of its fast transaction times, a massive advantage when engaged in contracting,” he added while emphasizing that while the first confirmation of Bitcoin transactions take more than 10 minutes, it only takes BlackCoin less than a minute to complete one.

Through this revolutionary protocol, BlackCoin and provably fair Bitcoin casino bettors will join numerous users of these cryptocurrencies in experiencing risk-free transactions.

LATEST CASINO NEWS & INTERVIEWS


News

10 Best Bitcoin Casinos You Should Choose

March 30, 2022

Here are 10 best Bitcoin casinos that you should absolutely check out, whether in terms of games, bonuses, or any other feature.

Exploring Opportunities For Crypto Casinos in 2022

March 28, 2022

Wondering what awaits the crypto gambling space in 2022? Here are some of the opportunities present for crypto casinos this year.

Where to Find No Minimum Deposit Bitcoin Casino

March 25, 2022

As many players are looking for alternative payment methods, there is a steady increase in the number of no minimum deposit bitcoin casinos.

Interviews

Interview with Eman Pulis, Founder of SiGMA

July 14, 2020

We had the opportunity to talk to Eman Pulis, founder of SiGMA, a highly-successful iGaming expo and conference home to 14000 attendees and 500 exhibitors.

Interview with Gregor Rozic, Sales Manager at GameART

July 7, 2020

We’ve had the opportunity to talk to GameART Sales Manager Gregor Rozic, who has 10 years of experience in online gaming on casino and poker content.

Interview with Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group

June 30, 2020

We had the opportunity to talk to Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group and member of Vie.gg Advisory board.

CHOOSE CASINOS NOW
Your Message

    Enter Code
    captcha

    LEAVE A MESSAGE
    RESET PASSWORD

    Please enter your email address:

    LOGIN TO BBC
    No account yet? Register here
    Forgot Password? Click here
    JOIN US NOW
    Already have an account? Login
    Forgot Password? Click here