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The question as to when will blockchain be fully adopted mainstream continues to passionately discussed among cryptocurrency circles.

While blockchain has surely but steadily continued to develop its strong fundamentals in a variety of industries, two of the most common which repeated attention are the gaming and gambling industries.

It is easy to see why these to industries have been the focal point for many believers of blockchain adoption as they both have sizeable committed target audiences, with a capacity to exponentially grow, especially for gaming.

One of the benefit s of having a blockchain based game is that players will have the capability to cheat severely limited. It’s tough to cheat with blockchain, as third-party cryptographs will check all in-game audits regardless of the rules of the game.

Blockchain does not have a single point of failure, making it much less susceptible to Distributed Denial of Service (DDoS) attacks. As blockchain is peer-to-peer developers will be much less concerned about expensive costs such as bandwidth and server expenses. Online games can go on for much longer and with much more confidence by the gamers as there is no reliance on the developers to maintain a dedicated server.

Studios can also minimize any development costs by creating an in-game currency that can also be used as a decentralized currency outside of the game.

Due to a lack of central authority, there wouldn’t be a ‘host’ who benefits from lower latency and the game wouldn’t end if the host disconnects. As in blockchain, there are no hosts.

Most individuals are currently gambling online via credit cards or PayPal. However, there is an increasing shift towards using cryptocurrencies such as Bitcoin and Ethereum.

For online casinos, the cost of using blockchain-based currencies massively lowers the costs of transacting a bet in comparison to the previously stated methods.

While the transparent nature of a distributed ledger will make it much more demanding for nefarious players and operators to try and defraud each other, as all the actions and rules will be viewable within the blockchain.

For gamblers who prioritize anonymity or where gambling is illegal in certain countries and states, blockchain allows for this as it doesn’t show up on regular bank statements and can’t be accessed by governments where it’s illegal.

Furthermore, blockchains preservation of past data will make it easier for gamblers to predict any future patterns, making for more secure bets.

These exact questions are discussed more thoroughly on Michal Nye’s latest Evolvement Podcast, where he and his guest is Rahul Sood, CEO of Unikrn, further delve into the topics.

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