Kickboxer: Retaliation (2018)
With any online bitcoin casino comes the possibility that the casino is less than trustworthy in their generation of “randomness” during gameplay. While many of the best casinos online get licensed and registered or certified by a trusted third-party, there is no such thing as a 100% transparent casino.
Some casinos use provably fair technology in their games so that players can see for themselves that the hand, roll of the dice, or slot pull was indeed randomly generated and fair. However, is this really enough? Edgeless Casino doesn’t think so.
If you haven’t heard of this casino yet, don’t worry, we’ll give you the breakdown. Edgeless Casino (we will also call it “Edgeless”) is a decentralized Ethereum, smart, contract-based casino. This casino offers two extremely important things that other online casinos (traditional and Bitcoin) simply cannot:
But First: What is Ethereum?
Ethereum is a decentralized platform that runs what is called “smart contracts” — these are applications (apps) that run precisely as programmed without any possibility of censorship, downtime, fraud, or interference of a third party. This is complete security that ensures fairness.
These apps run on a custom built blockchain (blockchain is a massively powerful, global infrastructure that can move around value and represent the ownership of property. What this does is allows developers to move funds, create markets, store debts or promises, and a host of things that haven’t even been invented yet — all while eliminating the middleman and erasing counterparty risks.
What is interesting about Ethereum is that it can be used like Bitcoin and other cryptocurrencies. Ethereum was created and “Ether” (a tradeable digital token that can be used as currency) was sold in finite amounts — similar to Bitcoin, which is what created the value of Ethereum. You can download an Ethereum Wallet from their main website (the link is at the end of this section) — this wallet is a gateway to decentralized apps on the Ethereum blockchain. It allows you to secure and hold Ether as well as other crypto-assets built on Ethereum. It also allows you to create, deploy, and use smart contracts.
By using Ethereum, you can create powerful and safe applications that cannot be tampered with, cannot be broken into, and can be as transparent as you want.
This is what Edgeless Casino is looking to do — become a decentralized Ethereum, smart contract-based casino with a 0% house edge and complete transparency.
This is the new world and future of online gambling.
To learn more about Ethereum, visit their main website at: https://www.ethereum.org/.
Edgeless: Transparency and House Edge
Online casinos, whether they are licensed or not or have received certifications of trust or not — all have the power to decide to cheat their players. It is a risk that players take anytime they gamble. Even with provably fair technology employed on some games, there is no true way of knowing (as a player) what happens inside of casino servers or how the mechanisms are programmed.
As online casinos have become more popular and expanded, this has created the demand for casinos that can actually prove their fairness through transparency.
Edgeless.io is the casino and company that is promising two things in their casino:
Traditional online casinos and Bitcoin casinos can have terrible or great house edge numbers (some as low as 1%), but it is unheard of to offer a 0% house edge. The aptly named “Edgeless” Casino has decided to fill the demand for a casino that cannot be rigged for a huge house edge. This casino, run on Ethereum, wants to cryptocurrency-based online gambling mechanics that anyone can audit to see that they are not rigged and that the casino does not have a house edge.
Rigging is a Real Problem
There are a ton of online gambling sites that have been blacklisted because their platforms were caught cheating in a number of different ways including:
…and more. This includes Bitcoin casinos, as well. The platform of a casino is not in the hands of the players, and this will always mean that there is a possibility of wrongdoing by the casinos. The Co-Founder of Edgeless.io, Tomas Draksas, even stated how easy it is for an online casino to rig games in order to profit from players by increasing their own house edge. “With a few tweaks to programming code, the owners can easily influence the casino’s profitability in their own favor,” Draksas said.
Draksas and his partner, a co-founder and CTO of Edgeless.io, Ignas Mangevicius, are breaking ground with member benefits and a fundraising campaign for Edgeless Casino, which you can read more about at the end of this article.
Edgeless to Offer Provable Transparency and Zero Percent House Edge
This is why he and his partner at Edgeless Casino are basing their online casino on Ethereum — the popular blockchain technology. Founded in 2016, Edgeless.io tried out some tests before launching the idea of a full casino, by testing markets with the fully transparent slot machine called Etherslots.win. With success, they moved on to their ideal of having a 0% house edge online casino with an industry-first full transparency — Edgeless.io.
At first, the idea of a 0% house edge may sound controversial but that is the reason behind the creation of the Edgeless Casino and their fairplay games. Using blockchain, this Ethereum-based casino can make gambling online profitable.
Not only does this new casino have plans for traditional casino games but for additional games to be added and the introduction of sports betting. All games and betting will be transparent and fair.
When Can You Play at Edgeless.io?
In a few months, Edgeless.io will be going live. If you want to support this casino and their innovative endeavor, they are raising funds through something called Initial Coin Offering (ICO), which is a new crowdfunding method. Supporters can buy digital tokens that work as “in-game currency and proof of membership.”
Each month, EDG token holders can play in a special lottery to win 40 percent of the company profits.
This crowdfunding will begin on February 28th, 2017 at 3:00pm GMT — the goal is to raise 360,000 ETH (Ethereum) by selling Edgeless tokens for gambling enthusiasts to take the chance of winning big.
You can read more about the crowdfunding campaign, Edgeless.io Casino, and more at https://edgeless.io/.
*Bitcoin-Gambling.net was not paid to write this article, nor are we affiliated with the persons or companies of the content within.*
Bitsler is a popular online Bitcoin community where you can engage in a variety of dice games, enjoy the freedom of using multiple cryptocurrencies, and get your cash deposited or withdrawn fast!
With over 3,300,000,000 bets placed so far on Bitsler, this number is tallied and posted on the main site every 3 seconds.
The main name of the game at Bitsler is Dice. Once you sign up and get to your dash, you will be able to play the following:
The best part of Bitsler is that it accepts three types of cryptocurrencies:
Many online casinos only accept Bitcoin and lack other options, but at this casino, you can enjoy a better variety to gamble with.
Unlike many other Bitcoin websites, Bitsler has more than just a generic chat feature (many casinos don’t have any player-to-player communication at all).
At Bitsler, you can enjoy:
Bitsler Bitcoin Casino was designed so that it works perfectly on all platform types.
Each platform is responsive and will give you the best gaming experience possible.
Bitsler features an automated betting option, which is great for those who have their own betting system but don’t want to spend the time to manually input the information every single role of the dice.
This option means you can:
All of the games on Bitsler Online Casino have been verified as provably fair. Each game can be verified mathematically, which means it is impossible for the operators to choose any losing or winning numbers. This is guaranteed and players can verify the results any time to ensure honesty. You can find the verification link at the bottom of every page.
It doesn’t get any easier to deposit your cryptocurrency than Bitsler. Your deposit is credited to your balance immediately. ZERO confirmation is necessary to play with the deposit you made.
As with deposits, withdrawing your winnings is also instant, which is more than can be said for most other Bitcoin/Cryptocurrency Online Casinos.
When you head to https://www.bitsler.com, you can sign up immediately by entering a Username, verifying that you are at least 18 years old, and click Play.
Dashboard & Playing
From there, you will be sent to your new dash, where you have control over:
It may be different for each player, but when signing in for the first time, the page took around 1 to 2 minutes to load. When choosing a different game on the dash, it also took around 1 minute to load it.
However, considering the simplicity, attractive interface, easy to find settings, great features and options, as well as Dice game variety, Bitsler is pretty impressive and different from other Dice games online.
BetChain, the European Giant in Bitcoin Gambling, Integrates New Cubits Payment Technology
vDice.io is a new cryptocurrency dice betting website that just opened in June 2016. This betting site it just like your typical bitcoin dice game (in fact, it was inspired by the old SatoshiDice (SD) interface), but it is exclusively for Ether holders.
This stands out in the crowd of online cryptocurrency gambling sites because it functions on Ethereum network and uses Smart Contracts.
Blockchain nerds love vDice.io despite how new it is. This is because vDice.io is the first fully decentrilized gambling site online — with no servers needed because of the Ethereum technology, vDice guarantees absolute fairness of gameplay because it is not possible for them to know the outcome of any results.
The “v” in vDice refers to Vitalik Buterin, who created Ethereum, which offers a direct homage to the man and the concept behind this site, which is to bet using ETH.
(If you wish to understand the concept of Ethereum and Ether (ETH) before continuing to read this review of vDice.io, please scroll down to the heading titled: “More About the Ethereum Network and Ether”)
The game of vDice.io is Ethereum Dice and making a bet is very simple. Pick your number and send the minimum bet of 0.0036 ETH to the vDice Ethereum address.
When your bet is sent, the server will log your bet and make a random roll of the dice. If the roll is below the number you have chosen, then you win. Sound familiar? vDice.io was inspired by the old and beloved SatoshiDice game.
The amount of your winnings depends on how high the odds were for getting the number at the time you made the bet. The Ether (ETH) is now deposited directly into your account (if you win) instantly.
You can continue to wager nearly constantly since this process occurs very quickly — under a minute.
All of the bets are provably fair and you are guaranteed a completely fair dice game. Everything is auditable and all of the bets and transactions are listed on the site to see. Included in the experience is a Leaderboard and Big Wins.
Players can do more than just gamble ETH in a dice game. With the Ethereum platform, you can invest in the website itself.
Why do this? Well, if you invest in a game or all of the games; when a player loses their bet, you get a part of their bet they placed since you invested in the game.
HOWEVER — to be an investor, you will have to really invest. This is because only the top ten investors will receive anything on the back end if a gambler loses. So, if someone invests more than you, you might not get anything.
One of the great parts of vDice is that it uses the Oracle function of the Ethereum Blockchain for quicker processing. The processing of the smart contract behind vDice ensures that each transaction takes literally seconds.
This is much faster than Bitcoin processing speeds. However, while there are fees for such quick service, vDice is continually lowering this fee as the website improves. It was just opened in June, 2016 after all.
With vDice, there is no need to create any accounts or sign up for anything. All you do is choose a number and send a minimum bet of 0.0036 ETH to the vDice Ethereum address.
This is especially simple if you use the Jaxx wallet, which is a Blockchain interface and is free.
More About the Ethereum Network and Ether
What is Ethereum?
Ethereum is a decentralized platform for applications to run precisely as programmed by developers — these applications, such as games (casino in this case) will run without the possibility of fraud, third-party interference, or censorship.
Ether is the crypto-”fuel” for the Ethereum network, and operates the application platform.
It is a form of payment made by clients of the platform in order to execute operations. The people who need Ether are developers and users. Developers who plan to build applications that will use Ethereum Blockchain use Ether and users who want to access and interact with smart contracts (online casino games, etc…) on the Ethereum Blockchain, are attracted to Ether.
In English, Ether is the incentive that ensures that the developers (third-party or otherwise) write high quality applications and the network remains healthy. This is accomplished through compensation for contributed resources, and on the developer-side, it would cost more to develop wasteful codes.
The total supply of Ether is not infinite – in 2014, a presale of Ether was conducted and 60 million Ether was created to contributors. 20 percent of that was created for the development fund for early contributors, developers, and the Ethereum Foundation. Five Ethers are created every block which is around 15 to 17 seconds to the miner of the block. Two to three Ethers are sent to another miner if they are able to find a solution to another block but his/her own (this is called an uncle/aunt reward).
If you were a part of the 2014 presale of Ether, you can easily access the Ethereum Wallet for import of your ETH. With a simple download, it will offer that option immediately.
Ethereum Wallet: https://github.com/ethereum/mist/releases
vDice.io is certainly a unique and interesting take on SatoshiDice-style gambling — however, rather than using Bitcoin, this site is gambling using Ether (ETH), which allows them to gamble quickly, invest in the game, play anonymously without even logging in, and play on vDice.io which has decentralized fully so that fair gameplay is absolutely guaranteed.
While it has not even been 6 months since vDice has been up and running, Blockchain nerds love this site and its aim at spreading Ethereum usage through online gambling.
So, if you invested in Ether and want to bet some of it online and fill up your wallet, then check out vDice.io for yourself and give it a risk-free whirl.
This Ethereum technology is truly changing the way that online gambling is conducted with security, speed, flexibility, and ease of use.