Ever wonder if online gambling sites are rigged against you? A lot are, some online casinos even manipulate their underlying Random Number Generation technology to trick players. To counter attack this movement of illicit online casinos and binary option pools, we’re seeing a new term emerge from crypto gaming sites called Provably Fair Random Number Generation.
Blockchain tech is known for being decentralized, trustless, transparent, and immutable. Yet what few know is that the core working of blockchains relies on fair random number generation. For instance, bitcoin hashing algorithm determines a random output based on a specific input. This algorithm, developed jointly by the US government and academic research, is indeed responsible for the workings of modern blockchains with regards to how the network participants reach consensus in a trustless way!
Many influencers forecast the merge of Provably Fair Randomness Generation and gaming to be the crypto trend of 2019. These influencers and whales see gaming to be crypto’s path to mainstream adoption. Gaming is ripe for disruption since the US Supreme Court decided to remove the ban on sports betting in May of 2018! Below are some crypto games using Provably Fair cryptography, we consider to be industry leaders.
Fomo3D is a dividend-style game that relies on a technique of crypto redistribution which benefits players that enter the game early and those with higher stakes. Moreover these players also compete to win a jackpot. Players will continuously buy “keys” as the timer counts down with each additional key purchased adding more time on the countdown. The last player to have a key as the clock winds down is the winner. People can buy keys to earn passive income from people buying after them, so players are not in fact required to stay online actively to earn in this game. A lucky winner won the jackpot of $3 million dollars finally last August.
Not to be confused with Fomo3D, Moon3D is a graph game where the goal is to chase the moon! Moon Nyan emoji will come out at a 100x multiple. The goal of the game is to cash out before the rocket crashes. Rocket will start to go up on the graph at hyperbolic speeds, and the player can cash out at any multiple before the round ends to win his wager multiplied by that multiplier. Crypto graph games excitedly remind users of the ICO boom every round, where multipliers such as 10x, 100x, and even 1000x are commonly seen. This is a continuous game of chance unlike typical Vegas games and is exclusive to the crypto ecosystem.
Dice games are static games of chance. Traditionally, they relied on the probability of rolling of a 6-sided dice. But in the crypto variants of dice games, there exist more selections of probabilities to increase bigger payouts!
As Coinbase cofounder Fred Ehrsam said blockchain-based digital assets make virtual economies real, trustless transfer of value and provably fair games will continue to flourish online as more and more players understand the advantages of such technology.