Transactions on the blockchain can be thought of as functionally similar to a SuDoKu, in that it is next to impossible to randomly cheat (hack) but remarkably easy to interpret (confirm) once it has been solved (published). This sentiment not only makes an incredibly complex process more accessible to understand, it also precisely summarises the value of cryptography to the gambling industry. Often considered as the pillars of cryptocurrency; security and transparency are common concerns among punters. Together with an increased desire for privacy and censorship resistance, the crypto-gambling space is already flourishing.

Security and Transparency

Accounts of Russian hackers, corrupted providers, and super-user accounts with access to hole cards have plagued the online gambling market in recent years. Such barriers can affect player trust and enjoyment and, therefore, impact acquisition and retention. Cryptography secures its records in a blockchain transaction that is tied to the previous transactions. Companies are beginning to implement this security protocol to provide players with the guarantee that their winnings and the evidence of their results are validated by the strength of every node within the distributed ledger.

Wild Crypto, is taking the crypto-gambling interface a step beyond competitors to assure its members have the ultimate playing experience. A testament to WC’s dedication to providing a fair and transparent platform, they have begun to publish the results of their lottery draws to the blockchain, a publicly available record of gaming outcomes. Wild Crypto have implemented the blockchain in a way that Forbes describes is ‘set to trigger a revolution in all institutions concerned with wealth’.

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