With the advancements made in every sector to make everything safer and more comfortable for users, recently the casino business started to see such improvement as well.
The use of cryptocurrencies and blockchain technologies is growing in popularity bringing us projects like FunFair Blockchain Casino. Let’s dive into the details.
What is FunFair Blockchain Casino?
Using the widely known Ethereum blockchain allows FunFair to develop contents, commissions, and winnings while accepting deposits from the players on the platform.
One major advantage of using this platform is the benefit of decentralization and the openness, fairness, and transparency in the creative deployment of the platform using the Ethereum blockchain.
A well thought-about online user experience coupled with a technological side powered by the blockchain, the FunFair blockchain has an advantageous edge over other online gaming platforms out there.
Basking in the security provided on the Ethereum blockchain, the FunFair blockchain is widely secured and impenetrable from fraudsters and hackers alike.
How Does FunFair Work?
The games on this platform are played in real time with no third party interaction with the outcome of the game whatsoever.
With relaxed and friendly user experience, FunFair blockchain platform makes it easier and cheaper for all parties ranging from existing casino establishments to new operators and of course any private individuals with aspirations to set up a casino establishment. Crypto casinos are the future of the gambling industry. It becomes very clear if you read article by ICOPulse talking about benefits of casinos that use bitcoin.
With the FunFair License, you can set up and host your establishment with a private label and still reduce substantial spendings on servers, hardware, and operational cost via the blockchain channel.
For the transactions to occur, there has to be an exchange of capital in some way. That’s where the FUN token comes in. It is the currency used on the network.
Players bet using this token and also receive their winnings with this token which then can be converted to real currency for those that want it or reused again for those that want to continue playing.
Furthermore, the fate channel at FunFair establishment are channels that are open during the game to accommodate custom gaming messaging between the Funfair client and the server. The eventual transactions are recorded on the blockchain only at the beginning and at the end of the game.
As this platform is still improving and developing its various functions, there is still a long list of things to be proved because FunFair’s primary intent is to go on to be a major gaming platform.
Already leveraging on the Ethereum blockchain, an innovative, secure and transparent online casino service is proving its worth to the players and establishments.