Blockchain Use Cases: Gambling – CasinoFair
Use case categories
September 19, 2018
Should I use a blockchain?
Oktober 12, 2018
Name & author:
CasinoFair
- run by TTM BV, subsidiary of the FunFair group
- run by TTM BV, subsidiary of the FunFair group
Stage of completion:
on LIVE chain
since September 2018
since September 2018
Description / comment:
CasinoFair, under its tagline of ‘Famous for Fairness’, goes beyond other casino’s limitations in offering players the fairest experience possible using the decentralised nature of the blockchain and Fate Channels, FunFair’s proprietary version of generalised state channel technology.
LIVE on Ethereum main chain since September 2019 (only for players from Canada, Norway, Finland, Switzerland and Thailand though)
LIVE on Ethereum main chain since September 2019 (only for players from Canada, Norway, Finland, Switzerland and Thailand though)
Classification
evolution / opportunity
Blockchain smart contract adds provable fairness to online gambling. Fate Channels are FunFair’s advanced version of State Channels. They use them to generate real time random numbers, facilitate player-game interactions and most importantly, enable micropayments with negligible gas cost while operating off-chain within these State Channels.
Blockchain smart contract adds provable fairness to online gambling. Fate Channels are FunFair’s advanced version of State Channels. They use them to generate real time random numbers, facilitate player-game interactions and most importantly, enable micropayments with negligible gas cost while operating off-chain within these State Channels.
Why I like it
Gambling is the least harmful of the three drivers of new technology adoption (the others being porn & drugs).
The team did not lament about scaling problems but solved it for themselves as one of the first in the Ethereum industry.
And it is a pure, fun use case that looks nice - and is an easy to understand example of the (small) blockchain difference.
The team did not lament about scaling problems but solved it for themselves as one of the first in the Ethereum industry.
And it is a pure, fun use case that looks nice - and is an easy to understand example of the (small) blockchain difference.
