Blockchain's Peerplays Gaining Serious Traction

Published Saturday, February 18, 2017 - Online-Casinos.com
Blockchain's Peerplays Gaining Serious Traction

The first blockchain was conceptualised by Satoshi Nakamoto in 2008 and since then the idea has transformed the financial world and the international online gambling industry. A blockchain facilitates secure online transactions and is a decentralized digital ledger that records transactions on thousands of computers globally in such a way that the registered transactions cannot be altered retroactively.

A recent post on the IT news web location has brought to light an interesting gambling platform that uses the blockchain concept. Peerplays is a peer-to-peer gaming and wagering platform designed to displace traditional sports books and online casinos. The firm has already raised $4 million USD in donations from strategic parties in advance of its crowd funding efforts which is scheduled to commence February 26, 2017.

Players using blockchain’s Peerplays are able to bet with bitcoin as well as other digital currencies on a variety of casino games, sporting events, and internet tournaments from all over the planet. Blockchain and the Peerplays’ web platform allows players to securely compete against one another in a fair gaming environment without the need for the traditional server based operator.

When Peerplays blockchain launches in spring 2017, players will have the ability to punt on games from anywhere using the free downloadable app.

Jonathan Baha’i, President of the Peerplays Blockchain Standards Association said of the enterprise, “Peerplays eliminates the high fees and counterparty risk of traditional gambling, and leverages smart contracts on the blockchain to create a frictionless gaming experience,” 

Michael Maloney, Director of Intelligence at PBSA also commented, “The token model is unprecedented,” adding, “because token holders control the blockchain in every sense, from governance to proceeds. With Peerplays, each token holder receives reward payouts from every game played on the entire network, proportional to the amount of tokens they hold.”

“This technology will compress the entire gaming industry into a single blockchain,” Maloney continued, “which is now recognized by large players in the space, many of whom we are in touch with.”

 

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