Provably Fair Casinos

So, after reading the above examples, you should have a pretty good idea of the processes involved behind the interface of a provably fair casino. Let’s dig deeper and see how crypto gambling games function:

In general, there are crypto projects with an incorporated coding language, like Ethereum, EOS, Solana, etc. This allows developers to create decentralized applications (dApps) on their blockchain. Naturally, there are thousands of gambling dApps and decentralized online casinos with a sizeable selection of dApp games.

All the casino functions, like round calculations, payments and wagering requirements, are executed with the help of smart contracts. To put it simply, smart contracts are codified instructions & self-executing commands that allow transactions between two or more trustless parties.

This means that all processes are transparent, as everybody can search up the transactions and the smart contracts that exist on the wide majority of blockchain networks. In that way, no fraud can go undetected. Based on the blackjack example above, you can simply look at the game’s smart contract and check if it is legitimate or not.

Of course, you need to know the relevant coding language, but one can always rely on public online forums to expose the frauds as well. Make diligent research before you join any gambling dApp. If you want to learn more about blockchain & casinos, our crypto gambling guides are the place to go.

Pros & Cons of Blockchain Provably Fair Casinos

Pros: The decentralized nature of gambling dApps means no central operator. This usually translates to a higher payout. Deposits & withdrawals will carry on fast & efficiently, and there is no possibility of blocked funds or restrictions. Moreover, there are no KYC requirements or geographical restrictions, so they are your best pick for true low-profile gambling.

Cons: On the other hand, the blockchain environment heavily restricts the development of games. Most of them are pretty basic, like Dice, simple Table Games, Slots with no special features, Crash, etc. An avid gambler can easily get bored. Additionally, there is usually no customer support available, and your payments are restricted to the native token(s) of the dApp’s blockchain.