Blockchain technology for gambling

1. blockchain is a distributed irreversible ledger technology
virtual currency is a network currency
gambling is a speculation

2. In theory, blockchain is not an innovative technology. It is more inclined to a new application mode that integrates distributed data storage, point-to-point transmission, consensus mechanism, encryption algorithm and other computer technologies. So technology will never be its focus, application mode is
at present, the fields closely combined with blockchain include finance (major banking institutions), digital assets (bumeng network), intelligent contract (Ethereum), etc. the game field is considered as one of the categories of digital assets in the instry, which will give birth to new scenarios and business opportunities
from the perspective of existing solutions or applications, the combination of game and blockchain technology mainly lies in two aspects: first, asset circulation; 2、 Platform
first, asset circulation, which is the main solution of bumeng in the game field. Virtual assets such as tokens in the game are regarded as digital assets and circulated based on blockchain, which has the advantages of more convenient circulation and lower cost. For example, some big game companies have 10 games. The game currency of these games is connected through blockchain technology. The gold coin of game a is still useful when it comes to game B. in this way, if the user of game a does not want to play game a, he may prefer to choose other games of the company because of the gold coin in game A. for the game company, It can better circle users. For users, it can ensure that their virtual assets will not be devalued, thus stimulating the transactions in the game. For small game companies, their user diversion is a high cost thing. If they unite to share the virtual assets in the game, they can attract users of other games

Second, platform, which is the decentralized E-sports platform on Ethereum - what the first drop of blood is doing now, is to solve the trust problem of the central platform based on the decentralization of blockchain technology, and use the smart contract to solve the reward payment problem. It is a bit similar to gambling. Compared with the current gambling platform, the rules are more open and transparent, and there is no problem of platform fraud. And with smart contracts, the process is simpler. Therefore, gambling and competitive games can be considered to cooperate with the blockchain platform
these two solutions are common in the field of blockchain, and there may be more solutions. You are welcome to discuss them with me in the comments area.

3.

Some time ago, a picture of Chinese aunts appearing on the scene of the blockchain conference became popular on the Internet. For a while, it caused a heated discussion. Netizens said one after another: "aunts have been targeted by the blockchain." In fact, since a few years ago, when the concept of blockchain came out, there have been some illegal elements carrying out pyramid selling activities in the name of blockchain, which has become one of the latest varieties of pyramid selling. In fact, with the development of blockchain, all kinds of virtual currencies emerge as the times require. Most of them are scams. In the name of "virtual currency" and "blockchain", swindlers carry out scams. This is mainly to make use of the psychology that investors do not understand virtual currency and blockchain, but want to catch up with the upsurge of virtual currency investment. This kind of scam seems complicated, but it is also very simple. However, once it is cheated, it is difficult to recover the investment

in a word, blockchain technology is not a fraud, but is used by swindlers to cheat investors by using information asymmetry

4. The disappearance should be temporary, just as newspapers are still there after Internet news. However, the new technology will certainly bring some impact or even impact. Blockchain may affect the following 12 instry regions:
1. Banking
as a digital, secure and anti-interference account, blockchain realizes the core function of Banking: the safe storage and transfer center of value. In other words, in the next few years, a wave of companies based on blockchain technology may affect the banking instry. Indeed, UBS, a Swiss company, and baecelays, a British company, are trying to use blockchain technology to improve payment terms. Some other banking companies even said blockchain technology could save $20 billion in intermediate costs

therefore, it is not surprising that banks, as financial service giants, have become the growth force of blockchain venture. Payment and transfer
recently, the world economic forum wrote in Forbes magazine that decentralized payment technology, such as bitcoin, may change the "business structure" of the transfer instry that has not changed for more than 100 years. Blockchain technology can avoid complex systems and create a more direct payment process between the payer and the payee. Whether it is domestic transfer or cross-border transfer, this method has the characteristics of low price, fast speed, and no intermediate fees. Abra (above) is a start-up enterprise that uses blockchain technology for global bitcoin and blockchain based transfer
3. Network security
although the system of blockchain is public, advanced encryption technology is used in the process of data exchange such as verification and transmission. This technology not only ensures the correct source of data, but also ensures that the data will not be intercepted in the intermediate process. If the application of blockchain technology is more extensive, the probability of being attacked by hackers may also decrease. Therefore, people think that blockchain system is more secure than traditional system. One of the reasons why blockchain system can rece the traditional network security risk is that it relieves the demand for middleman
"eliminating middlemen not only reces the potential security risk of hacker attacks, but also reces the possibility of corruption," Goldman Sachs wrote. Guardtime (above) is an Estonian start-up company, which mainly studies instrial network security solutions based on blockchain technology
4. Academic record and academia
holbertson school, a California software skills program, announced that it will use blockchain technology to identify academic credentials. This will ensure the authenticity of holbertson school students in course identification. If more schools adopt such transparent certificates, transcripts and diplomas, academic corruption will be greatly reced, not to mention the labor verification time and paper document cost
5. Elections
at the University of West Virginia, the student union is considering whether to use a voting platform based on blockchain technology to conct school elections. If such a platform is used, students can vote with mobile devices, and the voting results will be included in the public system, so the voting is completely safe. One student who supported this way explained that the vote "can never be modified or deleted by us - programmers, school administrators or students."
Agora voting, a Spanish software project, uses encryption technology to improve the security of online voting. Several of their systems have also been tested in Spain. Recently, the leader of this project proposed several ideas to turn bitcoin and blockchain technology into voting applications, which are far from experimental
6. Car rental and sales
later last year, visa and DocuSign announced a cooperative plan to create specific solutions for car rental by using blockchain technology. In the future, car rental can be completed in three steps of "click, sign and open". The specific operation is: customers choose the car they want to rent, and then the transaction will be uploaded to the public account of the blockchain; Then, the customer signs a lease agreement and an insurance agreement from the driver's seat, and the blockchain will upload the information in real time. It is not hard to imagine that this leasing model may also be applied to the field of car sales and car registration
7. Network communication and Internet of things
IBM and Samsung are working together to realize an idea called adept. Adept uses blockchain technology to build the pillar of decentralized Internet of things. Coindesk said that with adept, the decentralized P2P automatic telemetry system, the blockchain can become a public system for many devices, and there is no need for a central hub to mediate the communication of various devices. After removing the central control system and identifying each other, the devices can automatically communicate with each other, manage software updates, bugs, or energy consumption
other companies are also committed to integrating blockchain technology into the Internet of things platform. For example, filamen, which uses blockchain technology to build a decentralized network for sensor communication, announced that they have obtained US $5 million investment in round a financing, with the participation of Verizon ventures and Samsung ventures
8. Smart contract
a smart contract is actually a computer program that functions on the action of another object. Like ordinary computer programs, intelligent contracts are also an "If then" function, but blockchain technology realizes the automatic filling of these "contracts" without human intervention. This kind of contract may eventually replace the core business of the legal instry, that is, the business of drafting and managing contracts in the commercial and civil fields
for example, mortgage loans can be completed through blockchain technology and automatically executed every year according to the terms of the contract. Ethereum, a crowdfunding platform based on blockchain technology, not only provides decentralized applications, but also provides smart contracts. Some users have married with their smart contracts. Another company, hedgy, received $1.2 million in seed round investment from Tim Draper, Marc Benioff, boost.vc and sand hill angels earlier this year. The company uses smart contracts to build a platform for users to discuss the value of bitcoin
9. Prediction
blockchain technology may shake the whole research, analysis, consulting and prediction instry. Aug, an online crowdfunding platform, hopes to make a profit in a decentralized forecasting platform. The company said it would offer a service that looked like a gaming swap. The whole process will be decentralized, and the AUG platform will not only provide users with sports and stock gambling services, but also provide election and natural disaster gambling services. This idea actually goes beyond sports gambling and creates a "forecasting market"
10. Online music
many musicians are choosing blockchain technology to improve the fairness of online music sharing. Billboard reports that two companies are automatically solving licensing problems by paying artists directly and using smart contracts. Peertracks, which is still in its infancy, wants to create a new music streaming platform where users can pay artists directly without middleman's intervention. Peertracks also hopes to create more direct interaction between artists and users
ujo music, led by entrepreneur Phil Barry, claims that they are rebuilding the music instry on the blockchain. Ujo also hopes to solve the problem of streaming music and artist payment. In addition to streaming music, it is also expected that ujo will be able to better classify the artists and creators behind the songs by using intelligent contracts as the autonomous brain of the song list
11. Travel sharing
Uber and other travel applications seem to be on the opposite side of decentralization. This company is like a deployment center, using its algorithm to control its drivers and their charges. According to the report of blog, Israeli venture LA & # 39; Zooz wants to "go against Uber.". The company invented its own patented digital currency, which, like bitcoin, can be digitally recorded using blockchain technology. Different from the centralized network, users can call in LA & # 39; Find people with similar itinerary on zooz, and then use LA & # 39; Zooz's currency pays the taxi fare. These coins can be used for car hailing in the future. Users can get LA & # 39 as long as they allow the app to track their location; Zooz's digital currency
12. Stock trading
for many years, companies have been trying to simplify the process of stock purchase, sales and trading. Emerging blockchain technology makers believe that they can go beyond the past, realize the automation of the whole process, and improve security and efficiency. Overstock's subsidiary T & # Com wants to use blockchain technology to realize online trading of stocks. Overstock is already using blockchain technology to issue public shares, wired reported. At the same time, chain, a blockchain technology maker (mentioned above), is working with NASDAQ to realize the share trading of private companies through blockchain technology.

5. Fortune lottery will combine blockchain technology and Internet of things technology to build a safe and reliable lottery technology platform. Lottery betting data will be directly stored in fortune lottery center to ensure the security, traceability and non tampering of lottery information, so as to make lottery purchasing safer and more convenient

6. There is a misunderstanding here. We all think that the technology is advanced and difficult to understand. It is difficult for us to understand the technology of non professional technicians, let alone use it to judge whether a project is worth investing or not. In fact, the technology is not so difficult to understand. The underlying technology of the blockchain is more of a kind of mathematical logic, which takes time to understand. However, it does not need the programming foundation, and ordinary investors can understand it. We can all make value investment by looking at technology.

7.

Blockchain is a kind of network with data; Hash Verification & quot; The purpose of the functional database is to verify the effectiveness of information, which is generally applicable to finance, insurance, public welfare, public services, mobile communications and other fields. Therefore, in recent years, many criminals have focused on the blockchain for online gambling to seek huge benefits. In January 15, 2021, the Jianhu police in Yancheng successfully cracked the first case of gambling in the country using block chain contract technology, and arrested 11 suspects, and the number of gamblers reached as high as 7.3 million. The funds involved were as high as 8 billion yuan , involving 17 countries and regions. p> In October 2020, Jianhu police received a clue that there was a new one on the public chain of grapefruit coin called & lt; Biggame” Grapefruit is a digital currency issued by foreign organizations, which is allowed to be used in public blockchain. There are more than 10000 people participating in this gambling app every day, and the daily bet amount is more than 10 million yuan. The way to participate in gambling is our common fruit machine, Red Black War and so on

have you ever been led to participate in virtual currency gambling

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