If there is a business that needs more transparency and reliability, it is probably the $ 500 online gambling industry. The last company to join the blockchain frenzy is the LetBet decentralized platform. Its premise is quite simple, allowing players to play without the intervention of third parties. In other words, participate in bets without banks and without central authority.

The LetBet Experienced Team aims to revolutionize the online gaming industry by creating a holistic gaming ecosystem for an improved gambling experience. The team uses peer-to-peer smart contracts for online games, meeting the needs of players and third-party developers. LetBet promises to be secure, reliable and fast. As competitors focus on a bookmaker role, LetBet creates a decentralized holistic online gaming platform that will link traditional online gaming sites.

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Activated by the advent of the Internet In the early 1990s, online gambling has experienced tremendous growth in recent decades. The multibillion dollar industry shows no sign of slowing down with projected growth at a tln dollars by 2021.

It's no secret that the platforms Existing forms of online gambling are facing problems. Security, reliability, speed, deposits and withdrawals as well as the discernment of players are of concern. The LetBet platform attacks these problems using blockchain technology

In terms of security, conventional platforms use centralized servers that are easy to hack. On the other hand, decentralization makes it nearly impossible to lose funds or personal information by hacking. While conventional platforms require excessive personal information to slow down the account creation and gaming process, the use of Blockchain technology has eliminated the need for superfluous data collection, which ensures faster access users. LetBet guarantees the anonymity of its players

In addition, deposits and withdrawals are problematic for users, with limits imposed by the law on transfers and trust deposits, the default and withdrawal of funds. Squeezing on a local cryptocurrency for deposits and withdrawals, LBT and smart contracts, LetBet solves these problems

Finally, far-line online betting is problematic for gamblers because it is not a problem. Identity of opposing players is never certain. While anonymity is guaranteed on LetBet, Blockchain technology ensures that players are not manipulated and that robots are excluded from the process.

The decentralized platform will offer a wide range of popular gaming features such as sports betting. and casino games to name a few. The platform has a number of features such as a user wallet, a transaction explorer, an agency portfolio and an integration module that allows gamers to have a great experience. explore data from classic gaming platforms and other vendors. The LetBet team plans to integrate other established platforms such as Bet365, William Hill and BetFair and they are currently acquiring a license to exploit the bets on their platform.

What differentiates LetBet from its competitors?

Currently, all of LetBet's competitors (AstorGame, Decent.Bet, vDice Game) have their platforms installed on the Ethereum Blockchain. Unfortunately, this extremely popular Blockchain is not ideal for creating a gaming platform. It's because of the inherent problems at the Ethereum Blockchain. First of all, the speed of the average Ethereum time is one minute, which means that players will have to wait a full minute before seeing the results of the slot machine for example. Secondly, Ethereum-based platform transactions are not fair, since Ethereum does not provide a real Random Number Generator (RNG). Finally, for competitors to overcome the speed problem, they tend to implement game logic on a centralized server. This will make the process less transparent and easier to handle. To solve these problems, LetBet is built on its own blockchain which is fast, fair and transparent. Best of all, LetBet will not charge any transaction fees.

Playing to win the hearts of players, LetBet aims to solve all the problems of Ethereum Blockchain with their new channel and create a fast, secure and truly fair system. Game platform based on the blockchain. The Paris platform will create more equity through contract-based smart gaming products while connecting bookmakers around the world to build a new gaming revolution.

LetBet Launches ICO

Cryptocurrency called LBT coin that will circulate on the platform. This currency will be used for fees, buy-ins and payments. This will facilitate internal transactions, eliminating the complications associated with the use of foreign currency, externally imposed transaction limits and the potential for fraud. The LetBet team aims to buy 5% of the online gaming market, which translates into a 100% increase in the value of LBT.

LetBet prevente corner is expected to begin on January 20, while crowdsale will be launched Feb. 25. Most of the funds raised will be allocated to the development of the platform. In terms of marketing strategy, the LetBet team intends to spend sparingly while employing affiliate and loyalty programs. According to their roadmap, the company will gradually roll out the platform with its various features throughout the year. They already have fully developed games, open source games on GitHub. The team is leveraging its online gaming experience to create an innovative and revolutionary online gaming platform.