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vDice.io Review

Updated: September 16, 2016

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vDice.iovDice.io is a new online dice betting site that focuses on the Ethereum network. The basic idea behind is to duplicate the success of the old SatoshiDice site, but this time for the Ethereum network. The “V” in the brand’s name is a reference to Vitalik Buterin, Ethereum’s conceptualizer, and he holds a prominent place in the site’s graphic design. Any new player will be able to puzzle out the interface in seconds and be able to start playing.

Ethereum Dice

The main gameplay angle should be familiar to anyone who has played on a Bitcoin dice site. There’s no need to make accounts. Players just pick a number and send a minimum bet of 0.0036 ETH to the vDice Ethereum address. This logs in your bet activates a smart contract. The contract makes a random roll and determines your bet.

If the roll is below than the number you chose, then you win. The amount that is awarded depends on how the odds of getting the number. For example, if you go for the maximum number, then you won’t be getting much. But if you pick the lowest number, you can win big, though your chances of winning are lower. If you win, the ETH is directly placed into your account in less than a minute.

Oracle Function

Like other dice sites everything is as transparent as possible. All the bets and transactions made are listed on the site for everyone to see, which also has the hash code posted to ensure that the game is provably fair. This follows the tradition of transparency by Bitcoin dice sites.

The main advantage that the Ethereum blockchain brings to the site is the Oracle function, which ensures faster processing. Oracle functions process the smart contract behind vDice.io in just seconds without stressing the network. This results in lower fees and faster results. In addition, the admins are constantly lowering the fees as the Oracles get better and better.

Invest and Profit

In addition to rolling the dice, players can also invest in the site itself. The site allows for players to invest in individual games to add to the potential pot or you can invest in all of the games available. When a gambler loses, the investor gets a part of their bet because of the investment. However, to limit abuse, only the top 10 investors will get to earn something. If someone invests more than you, you might end up with nothing, which is a great mechanism to encourage players to increase the pot.

Overall, vDice.io looks to follow the tradition of simple blockchain games that offer full transparency and easy gameplay.

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