HALLO ALL, THIS TIME WILL EXPLAIN ABOUT PLATFORM PLATFORM LETBET
What is letBet
LetBet is an online gambling platform whose goal is to provide its playback venues. Without fear of cheating, players will feel safe and comfortable here!
LetBet was formed to create a revolution in indsutry online games. Our goal is to create a platform that creates an innate dependency on a potentially corrupt system for someone to win games, get rewarded, and play fair through a decentralized system to be replaced by smart contracts through semantic blocks without trust, without margin, safe. , and a fast online gaming system that benefits everyone.
Letbet Provides a protected, secure and protected online game platform supported by blockchain. The end user (player) is the main LetBet system. Thus, all games will be recorded in a smart contract where no one can control the game. We provide fair and fairly random games for every player.
GENERAL INFORMATION
Online betting (or Web bets) includes games like poker, clubhouse, and other conventional games played over the internet.
In 1994 when online gambling became popular, many countries restricted online betting while some others interpreted it as illegal or practice. However, some areas in Canada, some European countries, and some Caribbean islands allow online gambling as a business or legal practice.
Since then, the online gambling industry has grown as it is today, worth 500 billion USD. It continues to rise at a steady rate, with some indication that it will grow With the development of internet and mobile technology, the online gambling industry is predicted to experience an explosion in the near future.
The online gambling industry consists of many business and technology models, which include:
1. Sports betting: Betting on sporting events (football, horse racing, hound racing for example)
2. Online Poker: Service providers receive the benefits of betting.
3. Casino Game: Slots and roulette machines are operated in a manner similar to a traditional land-based casino.
4. Bingo Online: online ageold game version
5. Online Lottery: Same as regular draw, but operated online.
The main vendors in the Online Gambling Industry include: 888 Holdings, GVC Holdings, UniBet groups, William Hill and many others, operating from traditional business models. According to statistics, William Hill is a market dominator in the UK with a 15% market share.
ONLINE GAMING PROBLEMS
Despite the significant growth of the online gambling industry, the initial issues received by some countries, and others denying the idea of online gambling, are still hidden inside. This, from time to time, becomes a major problem facing the industry. Some of them are highlighted below.
CONCEPT CONCEPT RELATED:
The online gambling industry is filled with many perceptions and views from both players and regulators who are very concerned about this industry. Some of these perceptions will be discussed below, as well as how LetBet will fix the problem with the introduction of our peer-to-peer system, eliminating an unjust and questionable belief system.
ILLEGAL TAX LAW:
Illegal tax evasion is one of the reasons why some countries refuse online gambling, especially those who do not have mechanisms to monitor or do not want to check the activities of the online gambling industry.
Similar to the avoidance of illegal taxes, some see the online gambling industry as a means to launder cash easily.
PLAYER INSPECTION:
Player sharpness is another matter in the online gambling system. The sharpness of players mostly occurs in games played from remote locations. A player, playing games with other players he does not see, may doubt whether he is playing with a real person.
Players communicate with others through the GUI, which interacts with complex betting site servers. For the main reason that players from the end have no trust from other players on the other side, is the reason that makes players differentiate significant problems with online gambling, with every player having the perception that they are being manipulated.
In an online study of 10,838 online clubs and poker players, more than 96 respondents in the country expressed unusual amounts of doubt in online betting.
SECURITY:
Security is an important part of the challenges facing the online gambling industry. Traditional online gambling providers operate through centralized computer networks. The main problem with this method is: when there is a system hacking incident, users will lose their money including information relating to bank account details and other confidential information. Despite the fact that security platforms evolved from the client and server side to increase the level of public security via the Internet, vulnerabilities with centralized online gambling administration methods make it difficult to obtain error free systems. This is one of the main gaps that LetBet’s system aims to plug to revolutionize the online gambling industry.
TRUST
The online gambling industry works through code generated from close-source systems. A group of developers can change the code inside the system.
Reasons like this are evident for games like poker, where both parties start and play games remotely make important confidence issues in online gambling.
Payment: Deposit and Withdrawal is always a big problem for players. Payment issues have long been an issue of online gambling because they apply very low transfer and deposit limits on fiat cards. There are also other situations where claims are made against those who are absent. The problem is positioned to be eliminated from the industry with blockchain masked online bets.
SLOW
Possible steps in traditional online gambling systems are numerous because traditional online gambling providers are very interested in getting a lot of information about players who are less focused on games per se. They are forced to do this to protect their systems from unauthorized intruders. This is not so with the LetBet system that deploys blockchain technology through smart contracts with participants. Therefore, there is little concern for intruders, because, it is almost impossible to hack the blockchain system used through intelligent contracts compared to traditional centralized authorities. The reason is that senders and recipients have no information about themselves, which makes it more like a physical money transfer where participants do not hit back after making a transaction. Result of,
UNRELIABILITY
There is a case where the game host server is turned off and then the player has to be abandoned because of the mercy of the host because he has to start a rigorous process to ensure a refund of his game. But with the LetBet system, from the point where you choose your game, to the point of payment, everything is based on smart contracts supported by blockchain technology. Hence in the occurrence of server problems, players should not be allowed to deflect themselves.
LETBET SOLUTIONS as PLATFORM
What the LetBet team is doing on the table, eliminating or resolving existing issues, as shown above, especially those unique to the online gambling industry. ANONYMO is every player who only plays with his level of knowledge and not as a result of previous knowledge about the game. FREEDOM AND FLEXIBILITY is an online gaming platform that runs on smart contracts rather than centralized computer networks.
Enjoy seamless gaming activities without the usual distractions. With our concept, you just have to navigate the game, select it, activate your wallet, make a deposit (through smart contracts in seconds), play and end the game and then withdraw your funds to your wallet anonymously. LETBET Users Flow
FOR MORE INFORMATION CLICK ON LINKS BELOW:
Website: https://let.bet/
Whitepages: https://static.let.bet/whitepaper.pdf
Twitter: https://twitter.com/LetBetOfficial
Facebook: https://facebook.com/letbetcoin
JST: https://let.bet/ : //bitcointalk.org/index.php? topic = 2683151.0
Telegram: https://t.me/LetBetCoin
By Bitcointalk : Alfagih
Adress Letbet : 0x812bd1d1c8bb02e80e5589cd4f3f9fe5b44974f1
