Blockchain to revolutionise gambling industry

Gamblica, a Malta-based online gambling provider, is all set to change turn the gambling industry upside down with the help of blockchain technology. The Gamblica platform provides a range of gambling activities: roulette and slot machines, poker room, sports betting, on a uniquely transparent and secure smart contract system. The platform is based on a blockchain technology and it helps solve age-old problems such as fraud, high fees, and personal data leakage.

The online gambling market is growing approximately 9% per year, that is about $5bn annually. Despite the growth, the quality of services provided is surprisingly low.

The industry is facing many serious problems, which hold back further development. One of them is fraudulent behaviour by some operators, which undermines the credibility of the entire market. Another problem is the risk of having one’s account blocked when they want to withdraw their prize money after winning a jackpot.

The Gamblica platform is aimed to solve all these problems. It puts the player in charge. The Gamblica team believes blockchain to be one of their biggest advantages. It gives them an unprecedented access to worldwide markets and allows lightning fast, frictionless and hack-proof transactions. And the best part — no one can cheat. It is physically impossible to defraud players when using distributed ledger technology. Nice touch — Gamblica’s White Paper is translated into nine languages.

The reason why most fair blockchain casinos fail is that they try to target dodgy casino operators, who are not interested in losing profits. Gamblica aims at designing a product for the end user, and that makes a real difference.

As it often happens, one of the best things about Gamblica is buried deep in smart contracts and arcane cryptographic theories. No one, literally not one person, can compromise the game’s outcome. Gamblica’s unique RNG requires several parameters to generate a random number. Each of those parameters is independent of others; some are generated by Ethereum blockchain. When they all come together in the project’s RSA PRNG algorithm, the game’s security becomes virtually impenetrable.

The only way to access the platform and purchase our services is Gamblica’s utility token — GMBC. The rest is simple: the platform grows, so does GMBC.

If you feel that’s exactly what you were looking for, the one thing you may want to know is their bonus schedule. Gamblica had been offering a 50% bonus during the first stage of the token sale: now contributors still have a chance to get GMBCs with a 32% bonus. The bonus, however, gradually decreases and will hit 0% in the last stage of the crowdsale. So, the earlier you participate, the bigger bonus you get.

What you need to participate is create your personal account on Gamblica’s website and go through the KYC procedure. It is neither scary nor difficult; the team has even prepared a step by step guide on how to buy GMBCs.

One can purchase GBMC tokens by transferring BTC/ETH directly to their personal account. All bonuses will be awarded automatically. After the token sale, GMBCs can be transferred to the participant’s external ERC-20 compatible Ethereum wallet.

Source: coinidol.com