- Greater automation and security regarding operations and transactions: one of the most important innovations within the blockchain industry are smart contracts. These contracts allow the execution of certain actions depending on which requirements are met, and all this happens automatically.
The advantage of using smart contracts is that you do not depend on an administrative staff carrying out any this type of tasks. E everything is executed by using code that is secure and transparent.
- Protection of users' privacy: many of the people on the internet worry a lot about their online privacy, mainly because there may be computer criminals or abusive governments trying to violate the privacy of people. Fortunately, one of the features that blockchain technology makes possible is that it facilitates the protection for users' privacy. In platforms such as SteemBet, the ID used is not a government document but rather the address of the user's wallet, which doesn't say anything about the real identity of the person behind that wallet.
However, there are certain exceptions with some cryptocurrency exchange platforms that do require the verification of the personal identity of some of their clients. But the use of these exchange platforms is not obligatory. In the case of SteemBet, no personal information will ever be required from the users.
For more information about the advantages of using SteemBet as a betting platform, I invite you to check their whitepaper.
This is my English translation of a segment from one of my previous Spanish articles.
DISCLAIMER
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.