Online gambling is the fast-growing sector with more than 9% projected increase by 2021. According to the estimations, the whole industry reached a total value of USD 59 million last year. Mobile gaming also increases in popularity with a 75% increase on annual level. At the moment, mobile gaming makes up 25% of overall gaming activities.
When you embark on an online gambling site, you might have problems including regulatory obstacles and restrictions. Some sites are also known for unfair practices and policy. If the player faces security problems, it raises concerns about the entire gambling sector. For this reason, players are recommended to use blockchain technology and avoid possible issues with security. Read on and find additional benefits of blockchain.
1. Blockchain and Transparency
Online casinos have been connected with unfair practices and malversations. Iovation Gambling Research shows that fraud behaviour and practice increase all the time. Some researchers also found that players avoid online gaming because of possible fraud and security issues. Players usually report RNG problems or rigged games.
Blockchain technology is famous for its utmost security and safety. It means that players can start an online gambling adventure without worrying about security issues. From now on, customers can rest assured about the confidence and trust of casino sites. Blockchain tech is connected with transparency and players are satisfied with a layer of protection
Online casinos appear with various features and services. If you want to sample online games, choose reputable sites that provide a selection of chances together with high safety. Best online casino providers stand out with safe and reliable offer. Check Imperial casino for more information and enjoy in available options.
Another value of the blockchain industry is decentralization. The blockchain industry develops a decentralized structure and provides security and immutability. It allows customers to become part of the blockchain industry. As a result, blockchain casinos enable customers to fund platforms and receive the return of the entire profit.
For instance, we can talk about GINAR practice. The provider is a pioneer in offering decentralized dRNG (decentralized Number Generation services) which are based on blockchain tech. This system guarantees a fair and transparent number for users. First of all, fairness is provided thanks to the random selection of blockchain participants. It contributes to fair and random results of numbers. As a result, users can verify via blockchain tech and check random number generator integrity.
3. Low House Edge and Costs
House edge term is used to determine the percentage of casino share, which operators take from customers to ensure the existence of the businesses. Have in mind that the house edge puts the liability on users (gamblers).
When you use the blockchain site, you can avoid all related fees and charges. It happens due to lower costs compared to widely-known regulated operators. Which costs are exactly lower? Here we talk about audit costs, transaction fees, licensing costs, regulatory compliance charges and payments to merchants.
As you can, blockchain technology creates a sustainable environment for all parties – customers, gambling providers, and official authorities. Thanks to the regulated environment, all participants takes advantage of fairness, trust, and transparency. That’s why you need to rely on blockchain technology.