Cryptocurrency and gambling are two industries that have seen rapid growth in recent years. Blockchain technology has had huge effects on a wide range of industries. Gambling is now seeing a transformation as the growth of cryptocurrency enters the industry.
Payment system
Using cryptocurrencies is now a payment method available on new online casinos and betting sites. However, most of the established betting sites, for example, https://azartpay.com/, are yet to offer the payment option to its players. With this being said, it is growing as a method and the advantages it brings mean that one day it could take over as the main payment method that we use. The benefits of this are that it allows players to gamble anonymously and they can also play without having to create an account and send in any personal data to get their account verified. Another advantage for the gambling sites is that using the blockchain for the payment means there aren´t the fees associated with traditional payment methods, and players can also access their money much faster.
Transparency
Transactions completed on a blockchain automatically create a record that cannot be changed or deleted. This means that anybody is able to confirm that a transaction has actually taken place. Therefore, betting sites are able to show that they are honest and transparent. Anybody can view winnings and access their money easily.
Decentralised structure
Not only does a decentralized structure mean better security, Blockchain technology allows anybody to become a member of the casino itself. Some Bitcoin casinos allow their users to fund the casinos and take a share of the profits. vSlice, run through the Ethereum platform, allows token holders to receive automatic dividends from profits that are generated. AZART has its own Blockchain network which provides a decentralized sports betting platform, which means that each betting type has its own unique type of transaction, and Wagerr states it ensures scale when it comes to creating consensus for determining winners and losers by having bets take place on the second tier of the network.
Features
Masternodes
Azart uses masternodes to power PrivateSend, InstantSend, and the Governance and Funding system. Users are rewarded for running masternodes.
Super-Fast
InstantSend allows for near-instant transactions.
Anonymous
PrivateSend gives financial privacy by obscuring the source of funds on the blockchain.
Governance and Funding
Owners of masternodes can propose their projects to the vote for subsequent financing.
For more information visit:
For more information visit:
Official site: https://azartpay.com
Block explorer: https://explorer.azartpay.com
Whitepaper: https://github.com/azartpay/azart/blob/master/azart-docs/whitepaper_v2.pdf
Sentinel: https://github.com/azartpay/azart-sentinel
Discord: https://discord.gg/CMfKaNb
Masternode installer: https://github.com/azartpay/azart-masternode
Masternode guide: https://github.com/azartpay/azart-masternode-guide
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2326046