How Valuable Is Blockchain in Global Esports Market?
November 27, 2019
Blockchain brings along a bevy of features and solutions that can provide answers to the long-pressing and potential issues on the global esports market.
Of the many games one can find in the gambling world, roulette is one of the simpler ones. No skill is involved, just pure luck. You make a bet on a part of the roulette table which indicates where the ball will fall in the roulette wheel and you either win or lose. This makes it a favorite of gamblers who like to feel the thrill of uncertainty. FancyHash.io seeks to duplicate that thrill with its recent implementation of roulette for online gambling.
The great thing about single-game sites like FancyHash.io is that they are easy to get into. There is no jumping through hoops like you would normally do with online casinos dependent on fiat currencies. All you need to do to start playing at FancyHash.io is to give a username and password during the registration. Additionally, you’ll need to pass an anti-bot security measure to protect the site from spamming. Other than that, you’ll be ready to play, even without the usual verification email that people often come to expect when signing up for a gambling site.
The betting is also a lot different from normal gambling sites. The usual approach is for a player to deposit into a bankroll account that will be used for the site. For FancyHash.io, everything is decentralized due to Bitcoin.
When a player wants to make a bet, they click on a location on the virtual roulette table and the site will give them a site to deposit to. The bet is only acknowledged when the deposit is made; people will see the bet on public display. After the spin, the bets that won are given payouts directly to their accounts.
FancyHash.io is a blockchain-based game that uses European roulette rules for determining how the table is played. People can place straight bets on one number, split bets that are placed between two numbers, a square bet that bets on four numbers, and column and row bets which are bets on the entire sequence of numbers. There are also places on the board for bets on colors and whether the number will be odd or even. Each of these bets has a different level of payout, indicated by the odds.
The thing that makes FancyHash.io unique is the fact that it takes its results directly from the hash code of the current block transaction on the block chain network. It does this through a sequence that narrows down the long string of letters and numbers to a pair of digits that determine the result. Additionally, with more people that place bets, there is a good chance that instead of just one set of numbers showing up, multiple numbers appear.
This mathematical calculation means players can calculate the validity of results and sometimes even have a chance of predicting future numbers. This gives FancyHash.io players to depend on more than luck.
Whether you trust luck or not, playing on this site means you can be assured that everything is fair, transparent, and quick, especially when it comes to payments directly to and from the blockchain.
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