Why You Should Invest In LetBet Today
There is no doubt that online gambling makes for a very lucrative and convenient prospect, and with the advent of blockchain technology, its reach and popularity has only grown by leaps and bounds. The proliferation of several blockchain-based online casinos is well documented; a myriad of them are currently in existence, but the lingering problems bedeviling the online gambling industry and numerous challenges faced by online casinos have somewhat suffered negligence, leaving a lot to be desired on the part of the end-users (players). Issues bordering on trust, security, speed, reliability and non-specificity of house edge often crop up in the literature but there is a new normal that is set to revolutionize the online gambling industry with innovation and expertise. With a well-designed user interface and lots of fun games, Let.Bet is a casino that won’t disappoint. It is a game changer for the online gambling community and is an absolute treat for the inexperienced gambler and the professional alike.
The Let.Bet concept is unique. Unlike others, it’s not just a P2P Smart Contract-Based Game, but that which is customized to suit the online gambling industry in a way that will simultaneously service third party online gambling developers, and the end-users (players).
Why Use Let.Bet Over Other Online Gambling Platforms?
Have you ever wondered if gambling sites are being honest? If you’re playing games developed on the blockchain, you can rest assured there’s nothing shady going on behind the scenes. Fairness and total transparency are built into Let.Bet’s protocol with their use of smart contracts, which is lacking in other platforms
How is Let.Bet using blockchain?
Let.Bet uses smart contracts, which are self-verifying rules that verify and enforce contracts. Additionally, Let.Bet has developed a randomizer tool that ensures the game outcomes are equally unpredictable for all parties. There have been issues in the past with fraud and casinos rigging numbers, but these tools ensure none of that sort is happening. This is a relatively new innovation and Let.Bet is at the center of it. Unlike other platforms, Let.Bet has some features that make it an admirable decentralized protocol. The protocol has no single point of failure. The process of value transfer is replaced by code consistently which is executed by the Ethereum network. The Ethereum network is a system of smart contracts that can be triggered by particular actions performed by only the participants. The actions correspond to the value that participants add to the system. The consistency of the codes of the protocol is a useful feature in the gambling business. The Let.Bet platform achieves security of the system through cryptographic verifiability, consistency, and transparency of software used to automate processes. The process involves economic incentive and trust mechanisms for its participants. The protocol requires a fee system, but the fee is a hardcoded reward system for participants. Compared to other platforms, Let.Bet is fairer, faster, more efficient and more secure.
Let.Bet Versus The World
Features*** Traditional Online Casinos** Blockchain Casinos **Let.Bet
Trustless: **************✗ **********************✗*************✓ ***
Transparent:***********✗***********************✓ ************✓ ***
Private:****************✗***********************✗ *********** ✓***
Fast:*******************✗*********************** ✓ ********** ✓ ***
Reliable: ***************✗*********************** ✓ ********** ✓ ***
Secure: ****************✗*********************** ✓ ********** ✓ ***
Anonymous: ***********✗*********************** ✓ ********** ✓ ***
In a typical online gambling system, players rely on a trusted third party to carry out the game. But with Let.Bet’s concept, there is no need for trust, because we believe trusting a third party that is potentially corrupt would result in a biased outcome. Smart contracts that automatically reward all the key contributors — game developers, referrers and operators of independent platforms necessary for the game discovery — now replace the trust a typical player had in a third party.
The gambling industry, as a whole, has stagnated and the online gambling segment would likely not be much be different. A major solution to a fair gambling system that would bring it close to its future is a decentralized gaming platform.
The Let.Bet team hopes to champion such a system by employing their technological know-how to address the perceived issues in the industry. The Let.Bet system will encourage anonymity, transparency, speed, security, reliability, freedom and flexibility, which have long been craved but missing elements in other platforms.
Why Let.Bet Stands Out
The Let.Bet concept is unique. Unlike others, it’s not just a P2P Smart Contract-Based Game, but that which is customized to suit the online gambling industry in a way that will simultaneously service third party online gambling developers, and the end-users (players).
With our P2P smart contract, from the time when the game was initiated, through to the point where your result is seen and funds remitted, you remain anonymous and secure through a smart contract with the blockchain system.
With Let.Bet, you would enjoy a seamless flow of gaming activity without the usual disruption. With our concept, you only need to browse the game you want, choose it, activate your wallet on it, make a deposit (through a smart contract in seconds), play and end game, then withdraw your funds to your wallet anonymously. We offer sports betting, jackpot slot machines, poker texas, roulette and we are open to the development of many other games.
All of the games present on the website are provided by highly-popular casino game developers, and have been tested for all possible issues. The deposit and withdrawals policy is similar to that of most cryptocurrency-based casinos. Each user will be provided with a crypto wallet similar to MEW, JAXX. Each user can have one or more wallets. Every user will be responsible for managing their private key. Withdrawals are carried out very quickly and are processed within minutes in most cases. P2P transfer is also available on the site if you wish to tip people (there’s a built-in tool for that, too) or if you just want to transfer funds onto another account easily. It’s all up to you!
Decentralized technologies like Ethereum were born out of a need for greater data security, more openness and fewer third parties (along with the costs they add). Thanks to Let.Bet’s serverless platform, its use of a public ledger and verifiable smart contracts, we’ve removed the risk of human error or interference entirely. No delays. No doubts. No fuss.
