Connect with us
SIS

Cryptocurrency

ScorumBet: High-Performance Crypto Betting Live Now

George Miller

Published

on

The launch of the first high-load betting exchange with zero commission
Reading Time: 2 minutes

 

As part of the comprehensive suite of blockchain-based products within the Scorum Sports Media Platform, ScorumBet offers fans a fast, fun and free betting experience. The Scorum Research and Development office has released the first iteration of the peer-to-peer sports betting exchange that welcomes both pro punters and occasional bettors.

With the continued growth of sports betting across the world in both traditional markets and the emerging eSports industry, ScorumBet brings the security and transparency of blockchain tech to what has long been an opaque and, at times, downright corrupt industry. Through proven gamification methods and a socialized experience, new bettors on Scorum can learn, excel and keep all their winnings.

scorumbet index

 

“The sports betting industry is rapidly changing with many projects pouring hours into technological innovations. Together we are proud to contribute ScorumBet as the next step — bringing together a sense of community as well as the fairness and transparency of blockchain in a beautiful and approachable solution.” – Scorum CEO and Co-Founder Vladislav Artemyev

Socialized Sports Betting
To date, the Scorum blog platform already hosts over three thousand posts by fans around the world dedicated just to sports betting. With a growing fan community of over 30,000 members, ScorumBet will introduce fun and engaging game aspects to sports betting as the exchange expands. Players will be able to follow top bettors, challenge fans around the world to single bets and create fan club leaderboards to see how successful friends’ bets are.

The design of ScorumBet welcomes fans with a traditional bookmakers market view that both seasoned bettors and new users can instantly enjoy. Bets will be placed against real opponents and fans around the world and the distributed block producers for the Scorum Blockchain will ensure that results and payouts are accurately recorded.

Live Wager Capability
What truly sets the ScorumBet exchange apart is the fast transaction times that open the door to real-time bet placement with cryptocurrency. With over 75% of bets placed during the action, real-time betting is a must for any contender in the industry. Coupled with zero fee transactions, Scorum has engineered a solution that appeals to fans around the world.

Find out more about ScorumBet at betscorum.com and be part of the evolution of cryptocurrency betting.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Comments

Cryptocurrency

33 Cryptocurrencies Described In Four Words Or Less – INFOGRAPHIC

George Miller

Published

on

33 Cryptocurrencies Described In Four Words Or Less - INFOGRAPHIC
Reading Time: 2 minutes

 

A cryptocurrency in the simplest of words can be defined as the digital money which can be used to purchase goods and services. Unlike the traditional ones the major difference with the cryptocurrencies is the values of most are not fixed. This makes as an asset for investment where the investors buy cryptos at low price and sell them when its price increases.

To make it more simple Cryptocurrencies is basically a combination of two words Crypto and currency, which means a cryptographically encrypted currency. All the crypto transactions are recorded in a public ledger called blockchain. Blockchain technology has many uses amongst which recording the transactions is one such use.

Bitcoin was the first cryptocurrency created and following its release a number of other cryptocurrencies have come, each having a different use. All these cryptocurrencies which followed bitcoin are termed as Altcoins. The crypto world has some important terms associated with it. Let us understand what they are.

Cryptocurrencies are encrypted what really means is these cryptos are reliable and secure. Encryption actually means to convert a meaningful data into a code which is complex to understand and decrypt it. Encryption acts as the backbone to cryptocurrencies. For a normal data to be encrypted a same key is used to encrypt and decrypt. But for cryptocurrencies two keys are used which are mathematically linked to each other.One is used for encryption and the other is used for decrypt which makes cryptos more secure.

A decentralized system is the core concept of cryptocurrency. This can be understood well by the bank function, which are governed by a regulating body to control all the funds. Failure of the governing body collapses the whole banking system. Therefore cryptocurrency developers believe in a strong need of a decentralized system. The system works on a set of predefined mathematical laws.

Today, cryptocurrency is accepted widely across the world in different fields and is mostly accepted by Bitcoin casinos in the online gambling industry. We have an interesting infographic on – 33 Cryptocurrencies described in four words or less, and this infographic was created by our friends at Mrbtc.org. Checkout the following infographic and share your thoughts on it.

Source

Continue Reading

Cryptocurrency

Gambling-focused cryptocurrencies valued at more than $100m

George Miller

Published

on

Gambling-focused cryptocurrencies valued at more than $100m
Reading Time: 2 minutes

 

Cryptocurrencies dedicated exclusively to gambling have a combined market capitalization of more than $100m, according to research from CryptoGamblingNews.com.

While the cryptocurrency market has suffered a tough 12 months, investors are still backing gambling coins to the tune of nine figures.

The top 10 gambling-focused cryptocurrencies currently hold a combined value on trading exchanges of $86.7m. With dozens of other gambling coins also being traded, the total sector is worth over $100m.

The leading crypto gambling project by market capitalization of its cryptocurrency is currently FunFair Technologies, a B2B blockchain gaming platform launched by Jez San OBE. Its coins are currently valued at $29m, according to data from CoinMarketCap.com.

FunFair is followed by decentralized sportsbook platform Wagerr ($15.1m) and decentralized casino platform Edgeless ($12.5m).

The cryptocurrencies are actively traded on a number of exchanges, including the world’s largest exchange, Malta-based Binance. FunFair’s FUN token reported trading volumes in excess of $8m over the past week alone.

Despite the impressive figures, the values are significantly down on the January 2018 highs, when gambling cryptocurrencies held a combined value in excess of $1.5 billion.

A spokesperson for CryptoGamblingNews.com, the leading portal for news from the crypto gambling sector, said there are early signs of a recovery.

“The 2018 peak was fuelled by speculation, but what we are seeing now is the emergence of a handful of platforms that are finally live and accepting wagers in these cryptocurrencies. The prices have reacted accordingly as demand for the coins increases,” the spokesperson said.

“Gambling remains a key early use case for cryptocurrencies and blockchain technology. We are seeing these projects implementing some fantastic features that are simply not possible with fiat currencies, such as provably fair games, full decentralization and near-instantaneous withdrawals.”

Gambling-focused cryptocurrencies are distinct from the broader crypto gambling sector, where Bitcoin remains dominant.

By some estimates, around half of all Bitcoin transactions are gambling related, with billions of dollars’ worth of Bitcoin gambled each year.

However, while Bitcoin operates simply as an alternative payment method, projects such as FunFair, Wagerr and Edgeless have built entire platforms upon blockchain technology.

CryptoGamblingNews.com is the world’s leading portal for crypto gambling, visited by thousands of industry professionals, crypto traders and players every month.

 

About CryptoGamblingNews.com:

CryptoGamblingNews.com is the world’s leading portal for crypto gambling, visited by thousands of industry professionals, crypto traders and players every month.

Continue Reading

Baltics

Kriptomat adds Zimpler as a payment option in Sweden, Finland and Germany

George Miller

Published

on

Kriptomat adds Zimpler as a payment option in Sweden, Finland and Germany
Reading Time: 2 minutes

 

Zimpler continues their foray into the cryptocurrency market by going live with the Estonian crypto exchange Kriptomat. The fundamental idea behind Kriptomat is to bring cryptocurrencies to every household. The focus is on the simplicity of service and making sure that the users truly understand what they are doing.

“We are thrilled to get the opportunity to improve the payment experience for Kriptomats mobile customers. Kriptomat distinguishes themselves in the cryptomarket by their focus on simplicity and mainstream users. Which is amazing, because it’s such a neat alignment with Zimpler and our values”, says Jonas Persson, VP Sales at Zimpler.

Dejan Davidovic, CBDO and co-founder at Kriptomat adds
“We are at a point where classical currencies and cryptocurrencies meet, and the logical step was to introduce payment methods to make that process even more fluent. The first new payment method we chose to add is Zimpler from Sweden. Like Kriptomat, they are an innovative, trusted, secure and user-experience oriented fin-tech service. Their on-boarding process is one of the easiest I’ve seen so far and it was a logical step for us to integrate with them. People from Sweden, Finland and Germany can now enter the world of cryptocurrencies even easier, using the integration of two user trusted partners.”

Kriptomat offers 30 cryptocurrencies in pair with euro and their service is available in 20+ languages.

About Kriptomat:

Kriptomat is one of the best cryptocurrency platforms to buy, sell and store your favourite digital currencies. Designed for non-tech savvy people focused on introducing the benefits of cryptocurrencies to a wide audience.

Trust, security, and transparency are three of our core values, which is why we hold operating licenses issued by the Financial Intelligence Unit for providing services of exchanging a virtual currency against a fiat currency (License No. FVR000079) and providing a virtual currency wallet service (License No. FRK000060).

Kriptomat is a web platform, and it is available as a mobile app for Android and iOS. Kriptomat is a self-funded company and plans to open for investments in 2019.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.