We are happy to provide you with the answers and clarify your doubts or concerns that you might be having. We are happy to be able to answer those questions in the very dept and make your day fulfilled! So, let’s rephrase the question with additional details that it would be clear from very beginning for everyone:
Why one should really consider Provably Fair play combined with BitCoin’s concurrency and Why it is really the best choice for any type of the player?
The answer is very simple - Provably Fair play and BitCoin cryptocurrency combination is fast, very convenient and super efficient technique that makes sure no one can ever tweak, twist, bend, edit or change the outcome of the game’s results. And the best part of it - it is totally anonymous. So, you can play without giving out any personal sensitive data, such as your name, address, credit card information, etc. The system ensures an unchangeable fairness of the game outcome and the peace of mind where you can absolutely be sure that pure luck is on your side. What will happen at the exact same moment when you launch the game and start to play it will be the same result. No third party is involved in the process. Players can try their luck and enjoy the “pure” experience of the online play! BitCoin online gambling and Provably Fair play is the system, with which many of existing online casinos use to maintain the fair play throughout any of games. In other words, the trust factor plays an enormous role there. If you see such a casino out there - be sure - you can bet, deposit, update your account, put the funds in your e-wallet or just update your player profile with BitCoin funds with no worries at all. The system is proven to be safe and trusted. Of course, for many new players explained way to play can also be quite daunting. But do not be afraid - it is really the right way how to start to play and we can’t recommend it to you more. Just give it a try and you will see - there is no way back! It is modern way how to enjoy the online casino games and it is super fast and convenient for you “The Player”. Hopefully, this article can help you to define and demystify the concepts of BitCoin play and some of the online casinos that are using them. You will find more detailed information of the provable fairness process, internal procedures and how the two things fit one another just below! Enjoy.
BitCoin online gambling has grown more popular than ever, with many more sites launching online by the minute. Many people and online casino owner/operators are beginning to see the massive potential and profitability in adding BitCoin to online gaming. Regular online gambling, combined with BitCoin’s cryptographic software, have made this digital past time a desirable and profitable option for players. Plus, ease of use and the ultimate in accessibility keeps online players logged into their favorite gambling websites. In other words, players can continue to play their favorite games online, without stopping to log in and/or whip out their credit or debit cards to wager every time.
BitCoin online gambling and Provably Fair play, the system with which many of these online casino games use to maintain fair play throughout these games, can also be quite daunting for many players, especially first timers. Hopefully, this article can help define and demystify the concepts of BitCoin casinos, provable fairness and how the two things fit one another.
Satoshi Nakamoto invented BitCoin, a new form of digital currency, in 2008. Satoshi Nakamoto is a secret pseudonym for a person or group of people. Nakamoto published the first BitCoin software that launched the network, as well as the first units of cryptocurrency, which was also called bitcoins. It isn’t truly known if BitCoins were created to replace other forms of widely used digital currency, despite its ease of use and ultra encrypted security measures. BitCoin operates independently as a decentralized virtual currency, making it the first and largest of its kind in terms of total market value.
in order to ensure success on a chosen online game and In order to properly play BitCoin (BTC) online casino games, here are some vital terms that at the beginning (and sometimes even when you are pro) online casino players need to know:
1.Provably Fair - An algorithm used to verify fairness, or fair play, during an online casino’s operation. The game’s service operators publish these algorithms for player’s convenience.
2.Cryptocurrency - A medium of exchange using cryptography (the practice of providing highly secure information past any observing third parties, i.e. ATM cards and computer passwords) to secure the transactions and to control the creation of new units.
3.Seed - (Sometimes, Random Seed or Seed State)-A number or vector used to initialize a sometimes-random number generator (or pseudorandom number generator).
4.Hash - A variation of data commonly used in BTC online casino games in the system’s encryption functions. Sometimes called Strings, or Cryptographic hash functions.
Provably fair systems mainly rely on a cryptographic hash function, which turns the original data in the game’s database into a “string,” which is then “digested” or simply changed into an undecipherable message. In other words, any combination or amount of numbers a player chooses to play in their chosen game is converted into digital data, which is converted into hash sequences or strings, using cryptographic algorithms. Every hash string will consist of a series of alphanumeric symbols, making it impossible to decrypt one or extract the data it contains using even readily available advanced technologies. What does this mean? Therefore, by using the cryptographic capabilities of the provably fair system in all BTC online games, the need for manual verification and auditing by a third party (a person) is eliminated.
Some BTC sites can prove to be more popular than others, all because of provably fair play and its systems. These also employ the system in their own unique ways. The more played online games which use PF are: 1. BTC Dice Game Sites Of course, playing BTC dice games are a lot different than playing with actual dice. Players place their bets online, usually relying on some form of gambling system that they hope will ensure them a huge win. The provably fair also comes into play in BTC dice games, with the algorithm that the server uses down below: First, the server creates a secret random seed that is hashed and sent to the player. Sometimes, the player provides his own random client seed (if needed). Those two seeds are then used to calculate the roll’s result. Then, when the server seed is revealed, the player matches it against the hash. So, as you can see, it’s pure and simple, and no one can interfere and change anything! Isn’t that nice? So, the results received are guaranteed to be fair and you can really rely on your personal luck and fortune. You are welcome to check the results at any time when you wish.
Longtime players employ several thoroughly studied strategies to give them the best possible odds. A few of them are: • Martingale-A common BTC gambling strategy that seems to be the riskiest. A player either decreases their wager (or, how much they’re betting) to increase their odds of winning double the bet on a good roll, or loses it all on a bad roll. One can keep using this strategy by doubling their wager, until he or she rolls a win. • Paroli-This system is almost the opposite of the Martingale method, where the player increases the wager on a win, rather than decreasing the wager on a win. • Parlay-Originally used in terms of offline sports betting, the Parlay system consists of all BTC dice players combining their wagers (bets) into one big wager. When the dice are rolled and there is a win, the wager is doubled. Many players then continue to play, hoping to win consecutive games and increase their jackpots. Parlay is actually another version of the Paroli system, except that with that system consecutive plays are limited to three or four, whereas Parlay system number of plays is virtually unlimited. There are many more betting methods that players can use to increase their odds, such as waging one’s bankrolls against certain percentages of odds.
Fairly requested by BitCoin users, PF Poker involves a more psychological type of system called Mental Poker, a common name for a set of cryptographic algorithms that allows playing a fair fame over distance without a trusted third party, which is actually quite similar to regular provably fair play on any other online games. The mental poker system can also prevent a player’s hand from being “seen” online during a game by other players. Many other BTC sites, such as Solitaire, Russian roulette and Black Jack, are currently employing provably fair play into their systems. It just takes some searching to see if some or all online games make this system a practice on their sites.
Many BTC gambling sites should be fully licensed and regulated, not to mention employing the PF methods. After all, players want to trust in the online casino games their paying to play on. Players on a PF BTC online casino have no worries about their odds, and the system helps server operators to maintain provably fair play on their software. It would simply be a matter of players winning or losing their chosen games, or some instances of good luck and/or mathematical probability. As long as provable fairness exists and is in play in the outcomes of playing roulette, dice, blackjack and other similar games of chance, BTC online casinos may become or remain very profitable, as long as they become or remain very trustworthy. How To Determine If BitCoin Online Casinos Are Provably Fair First, you should look for an explanation of that game’s provable fairness. This allows you to check the calculated results for yourself, using a form on the site to verify those results. If a player sees that the results are calculated locally, then that means the data is not being manipulated. Each BTC casino site practices its own method of creating provably fair outcomes, presumably with a dedicated page describing the process on the site. Keep in mind that there are some BTC casinos that claim to practice provably fair methods of any sort, but those particular ones actually do not. To be certain, players should be able to check and see if they are allowed to choose their own seeds and then verify that the results given are indeed correct.
Is it any wonder that BTC online gaming has grown by leaps and bounds? And, it’s all thanks to provable fairness in online casinos. Due to unprecedented growth and popularity, provable fair gaming can and very well may be applied to all BTC casino games, and will no doubt become the future of the industry. Though not entirely so, the provably fair will guarantee safe and fair playing and outcomes for everyone. These games will continue to remain popular, as long as operators and servers stay “kosher” and that players are able to stand a great chance of the winnings.