The Billion-Dollar Gamble
Online gambling isn’t just a pastime; it’s a booming industry projected to hit the jackpot with profits soaring into the billions. Every day, millions are logging on to try their luck, even as the dark clouds of fraud and cheating loom overhead like an ominous rain cloud during a family picnic.
The Demand for Better Practices
As players roll the dice on their favorite sites, a collective cry emerges for improved privacy and fairness. Enter Peerplays, a global peer-to-peer betting platform built on the Blockchain, promising to shine some much-needed light into these murky waters. Since its launch on May 30, 2017, Peerplays has been on a mission to tackle these industry woes with the power of technology and innovation.
Tokens and Crowdfunds: A New Wave of Investment
With the use of PPY tokens, bets can be placed from anywhere on the globe. Who knew the future could be so accessible? But that’s not all—Peerplays recently established the Peerplays Blockchain Standards Association (PBSA), a Canadian non-profit organization, to further promote and support their groundbreaking technology. And let’s not forget about their public crowdfund, which started in February and is set to end on May 14, aiming to keep the development engine running smoothly.
A Thrilling Launch Ahead
With an initial $4 million raised in private donations already under its belt, the excitement is palpable. As Jonathan Baha’i, president of the PBSA, aptly stated, “We’ve got a lot of attention from players in the online gaming industry as well as the Blockchain space.” An evident sentiment for employees who have likely lost sleep over the enormous potential of this project.
Provably Fair Gaming: The Future is Here
Thanks to its Graphene technology, Peerplays is constructing a gaming ecosystem that’s resistant to the dreaded cheating. By employing a series of smart contracts, funds are securely escrowed before a game starts, ensuring players see only fair play and a level battlefield. This revolutionary approach guarantees that players around the world can enjoy a transparent gaming experience, whether they’re into sports betting or living it up with lotteries.
Future Innovations: Apps on the Horizon
Get ready for two exciting decentralized applications coming to Peerplays later this year. Peerplays Eight, set to launch in August, aims to transform tournament management with smart contracts that handle everything—from creation to automatic settlement— on the Blockchain. And who doesn’t love a good tournament?
Then there’s Bookie, a fabulous sports-betting app with an interface smoother than a freshly polished marble floor. It will enable users to place and accept bets easily while accessing the decentralized prediction market. No more fumbling around—Bookie promises user-friendliness and accessibility galore!
Conclusion: Betting on Change
With these improvements, online gaming is on track to shed some of its sketchy layers and emerge as a credible, fun, and safe form of entertainment. As Michael Maloney, director of intelligence at PBSA, stated, both applications “connect users directly peer-to-peer through a decentralized Blockchain network, enabling users to bet from anywhere in the world.” Cheers to that! Let the games—and the future—begin!
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