Wavesbet: The New Way of Gambling Online
The rise of blockchain technology has led to a revolution in the gambling industry. Wavesbet is on the forefront of this revolution. The main change is the transition from highly centralized gambling systems to decentralized, transparent ways of gambling. Wavesbet facilitates a way for players to bet against each other using smart contract technology. These smart contracts are fully recorded on the blockchain and ensure total transparency and regulatory compliance. In traditional brick and mortar casinos, the “house” was required to verify bets between parties and record these bets. Through smart contract technology, a revolutionary way of gambling that empowers players has arrived. Wavesbet aims to be a leader in the online gambling industry by offering users a better, faster and safer way to place bets online. This will be achieved through the Waves Network, which ensures all data is fair and verifiable. Rather than the “house” being involved in transactions, players will play against each other, while Wavesbet receives only a small percentage of the bet to support the platform. Before the platform goes live, a gambling license will be obtained to verify to users that the entire operation is 100% regulated and auditable.
Wavesbet is developing a platform for launch to capitalize on the opportunities that cryptocurrencies and gambling create together. With the rise of the internet gave rise to the dawn online gambling. However, online casinos are run by centralized parties on servers that you must entrust with your funds. All of these centralized casinos have the risk of being hacked or stealing the funds of their users. When this happens, users risk losing all of their winnings with very little chance of recovering them. There have been many instances where owners of online casinos have disappeared with users’ funds, or used them for nefarious methods. In these instances, misappropriation of funds was caused by a centralized third party who did not act in the best interests of the users. A cryptocurrency-based casino eliminates this risk, by allowing users full autonomy over their funds. As users manage their own private keys, they have full control over their funds with no risk of theft from third parties. A cryptocurrency-based casino is much safer than a traditional, centralized casino as funds are protected from theft.
Wavesbet will launch its platform as the next generation of gambling services. The multi-billion-dollar gambling market is ready to be disrupted, as players are encouraged through a decentralized system to bet in a fully peer-to-peer way. Blockchain technology allows all transactions to be recorded in an immutable ledger. As immutability is at the core of blockchain, Wavesbet will always be extremely transparent to all users. Data about bets can be recorded, audited and verified at any point in time.
Wavesbet is extremely excited to be developing the next generation of online gambling. This next generation will be based on fairness, transparency and a better user experience. The entire platform will be a peer-to-peer experience, supported with 24/7 customer support, minimal fees and one that puts user safety first. Be sure to keep an eye on the project development as time goes on!