Smart tokenization system of LetBet platform and significant business overview of blockchain technology
The era of 21st century based on the modern science and technology asset. The modern science and technology is making our digital ecosystem more power full and benefit able place then before. After the invention of blockchain technology and internet protocol in the digital ecosystem by the modern science and technology is an asset and blessing for us. For the bockchain technology crypto world is now more secure and profitable for the business and project. Now, different platforms, as like project and business are making opportunity and profit in this digital ecosystem by their service and product for the general mass. Though the digital ecosystem is giving opportunities and profit so there has problem in the digital ecosystem. Now business and project are facing data breaches problem, online fraud problem, hacking problem, finding trustworthy and professional individual and business problem etc.
The LetBet is the blockchain technology based platform for online gambling. This platform is a safe and secure platform for blockchain technology of crypto world. It is created to make revaluation in the online gambling industry. Their aim is to make trust against corrupt systems and make fair gambling through decentralized system. We can know more about this platform from https://let.bet/ link that is their web site. Now a days betting has been one of the most well known and profitable business of internet technology. Online gambling operators generated a gross gambling yield of £4.5billion by the report of gambling commission industry from April 2015 to March 2016.
Blockchain integration on the LetBet platform:
The Blockchain is a revolutionary technology that changes the whole digital ecosystem online gambling system. The blockchain technology is renewable through internet protocol and platform all over the world now days. For the blockchain technology different new platform, shares and currencies are appearing daily in the digital ecosystem. Now at present many people entering the digital industry and they are investing huge amount money here. They are also showing more projects that they launched. The LetBet S is also a plat form that launched in the digital ecosystem on the basis of blockchain technology. As we know that a blockchain is a constantly growing list of records and data that call block and they are connected and secured by using cryptography.
The blockchain technologys each block typically contains cryptography of the previous block and constitutionally resistant of alteration of the data. It is also an open and distributed ledger that can record transaction within two and more parties effectively and it is also verifiable permanent way. The LetBet is a blockchain technological platform online gambline. It is not owned or hosted by any one individual or organization where failure as well as hacking is impossible. It will recognize fraudulent activity and discard them form the chain. The bockchain network features are giving full visibility, security, irreversible and un-manipulated for this platform. This platform is powered by the Ethereum smart contracts which are a nest generation blockchain technological protocol system. It is managing product traceability on the back of hyper ledger and GS1 standards. The LetBet platform is using this significant technology in there gaming system as for that their smart contract is more trustable to us. The LtBet platform will fully implement and run a online based betting platform that will be powered by the blockchain system after the ICO program of the platform.
Online gambling problem solution by LetBet platform:
There have many problems in the typical online gambling system. On this typical gambling system players were facing different problems and gaming system was not easy and clear to the players. On the other hand LetBet platform is making this problems solution by the blockchain technology. We can know more about this platform from https://let.bet/ link that is their web site. Online gambling problems solution by Letbet platform described below:
Conceivable issues & solution: The online gambling industry is filled with lots of perceptions and views from both the players and regulators who are closely observing the industry. The LetBet will correct issues with the introduction of their peer to peer system by eliminating unfairness and questionable trust system.
Illegal tax avoidance issues and solution: Some countries rejected online gambling for illegal tax avoidance of the online gambling industry. This platform is solving this issue of illegal tax avoidance by the special team e of this sector. As a result all country of the world will accept this platform.
Player discernment issues and solution: The online gambling system is facing player discernment which is another issue that lurks within the online gambling system. Mostly player discernment occurs in games that are played from remote locations. This platform is reducing player discernment from the online gambling system.
Security issues and solution: The online gambling industries one of the significant part of the numerous challenges is security. Normally traditional online gambling providers operate through a centralized network of computers. The LetBet platforms blockchain technology system aims to plug to revolutionize the online gambling industry.
Trust issues and solution: as we know that the online gambling system functions through code generated from a close source system. But an unauthorized group of developers can change such code within the system. As a result all the gambling system and money can be corrupted or hacked by them. On the other hand the LetBet platform is a blockchain technology with advance algorithm system that cannot be breakable in the online gambling platform.
Slow issues & solution: The traditional online gambling system are numerous for traditional online gambling service providers are desperately interested in getting as much information about players with less focus about game system which is so slow process for the online gambling system. This has not happened on the LetBet platform system that included the blockchain technology through smart contract.
LBT coin usage:
The Letbet platform is offering LBT coin which can be use through the platform. The LBT token can be use on the platform to store value and as a unit of account as well as it is the sole medium of exchange of the platform for online gambling. This coin plays an important role on the LetBet platform as premier. This platforms LBT coin can only be purchase during the ICO program Phase. After the ICO program of LBT token all pre mind coin will not distributed. They will burn the entire token that remains after ICO program. The user can get LBT coin only from trading, affiliating, betting and hosting. On this platform players and promoters are the two primary targets of their affiliate program. This process is divided into two phases such as the ICO and Post ICO. This program will end when ICO ends or when it runs out of the predetermined number of LBT up for sale (10M LBT).
On the conclusion of this explanation we can say, the LetBet platform is a blockchain technological platform of tokenize cryptocurrency. They are offering LBT token for platform user and online gambling system. We can know more about them from their white paper https://static.let.bet/whitepaper.pdf website.
Visit LetBet from the following Links:
Telegram: https://t.me/LetBetCoin
Twitter: https://twitter.com/LetBetOfficial
Facebook: https://facebook.com/letbetcoin
Github: https://github.com/letbetcoin
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2683151.0
LinkedIn: https://www.linkedin.com/company/let-bet/
