bitboss , a B2B and B2C gambling company using blockchain technology, is actively working to promote the benefits of cryptocurrency and blockchain technology in the betting and gaming sector.
In conversation with Becky Liggero from CoinGeek, founder and CTO of BitBoss Alex Shore discussed the relationship between the platform Dragon Casino companies and Dot Wallet, and also highlighted what the crypto space can do for the gambling industry.
The main development of the cryptocurrency in recent months has been the Bitcoin SV (BSV) dynastic update, which increased the “unconfirmed transaction limit” from 25 to 1000.
According to Liggero, this means that “the waiting room where transactions sit before they hit the block is now much larger,” which speeds up the overall process.
“This is very important to us because when gambling on the blockchain, you can prevent fraud or so-called double spending by linking a player’s bet to the result of the bet or the payout that is sent back to that player,” Shor said.
“This is what we do to secure our system and is a huge advantage over non-blockchain based online gaming platforms. Every time a player places a bet, it is sent through the blockchain and one of our gaming services, like Blackjack, processes the action made by the player and decides if there is a payout.
“Even so, whenever there is a response to that player, we link the bet transaction that was sent by the player via the blockchain to the transaction we send back to him, and link the two together, we can essentially only bet about 12 bets. , which is approximately 25 transactions per change that have not yet been confirmed in the block.”
The limit change “has thrown the doors wide open,” he continued, as cryptocurrency betting providers no longer have to limit the speed of the game.
Regarding Dragon Caisno's use of the DotWallet platform, Shor observed that the relationship was "win-win" as white-labeled gaming platform BitBoss is able to leverage DotWallet's "large user base" by offering its partner "more content."
“For us, we have a brand new user channel that we can now access. People see our technology in DotWallet who otherwise wouldn't know about it, they can use it, they can connect to our app and play for real money immediately and very easily by transferring SBV from their DotWallet wallet to their Dragon wallet. ”
According to founder Lin Zheming , DotWallet has more than a million users, and customers are mainly from South Asia, Southeast Asia, mainland China and European regions, and some from North America, Africa and Japan, allowing Dragon Casino to increase its own significantly. user base.
Source - CoinGeek YouTube channel
BitBoss Post: BSV's 'huge' dynastic update for blockchain gambling first appeared on GamblingTV.com.