Discover why Provably Fair is the ultimate tool for crypto gamblers in this informative article.
Discover why Provably Fair is the ultimate tool for crypto gamblers in this informative article.
Cryptocurrencies and blockchain technology revolutionized the internet, the world economy, and the entertainment industry along with it. The change was so quick, that most people did not even notice that online gaming and gambling were about to change forever.
On that note, we have to say that a lot of potential users were left to wonder whether new opportunities in crypto casinos are safe.
In the past, gamblers got a sense of security because traditional casinos were made of brick and mortar. They could see the dice rolling and the cards being handed out.
Crypto casinos logically don’t have that same advantage, but they may have something better: provably fair technology. This technology, supported by blockchain, ensures players that the games are completely fair and random.
We already talk about this in our blog about the Crypto Gambling Foundation, the organization that helps Crypto Casinos get more credibility. But today we are going to further explore the topic of fairness.
We will explore the beauty of Provably Fair technology and why it’s every gambler's (and Crypto Casino’s) best ally.
Provably Fair (pronounced prove-ah-bly fair) is a system that leverages blockchain technology to ensure that the outcome of a casino game is fair and transparent. To put it bluntly, this means that players can be confident that casinos or other players are not cheating.
The Provably Fair system generates a random number by using a cryptographic algorithm to that determines the outcome of each game. It aims to be completely transparent and can be verified by anyone who wants to check the results.
This ensures that the outcome of each game is completely random and free from human manipulation. Here lies the value of this technology: anyone can access the blockchain and see the outcome for themselves.
Bitcoin dice games first introduced the provably fair system, and since then, other games and platforms have adopted it. Today, you can find Provably Fair technology in a wide range of online casinos and gambling sites. Most of the casinos we review have some form of provably fair in some or all their games.
In short, provably fair is a game-changing technology that has revolutionized the online gambling industry. It has given players the confidence to gamble online and has made the entire experience more transparent and fair.
It is worth mentioning that some casinos don’t employ provably fair technology in all of their games, and for those games players have no tools to assess fairness. At Crypto Casino Geeks we will point those games out in every review, although you can still play those games and have fun.
If you are looking to gamble online, it is in your best interest to look for casinos that use provably fair technology to ensure that you are being dealt a fair hand.
The Provably Fair algorithm involves two key components: the server seed and the client seed.
The online casino creates the server seed and keeps it secret. This is because it uses this seed to generate outcomes in all the games it offers. On the other hand, the player’s browser will generate the client seed that they can see and adjust before each round. This system ensures that both the casino and the player have a role to play in generating the outcome of the game.
At the start of a game, the system hashes the server seed and combines it with the client seed to generate a random outcome. Before the game starts, the system displays the hash, allowing the player to confirm that the casino has not manipulated the outcome. This step establishes the game’s outcome as non-predefined and genuinely random.
After the game ends, the player has the option to input the server seed again to verify that the system used the same hash value to produce the game’s outcome. This step ensures that the casino did not manipulate the outcome of the game in any way.
With the use of blockchain technology, it is impossible for the casino to modify the results to their advantage. This is because the blockchain is a decentralized ledger that records all transactions and it is transparent to all parties involved. The application of cryptography guarantees unalterable data, creating a secure and trustworthy system for players to use.
By using the blockchain Provably Fair ensures transparency and accountability. On the one hand, each player can view and verify the results of each game they play, giving them peace of mind and confidence in the fairness of the system. And on the other, it records everything and serves as evidence should any problems arise.
The technology also allows for anonymity, as players do not have to give their personal information or banking details. This if you value your privacy and do not want to share personal information.
Also, the games can be played using cryptocurrency which is secure and fast. Cryptocurrencies are decentralized digital currencies that use encryption techniques to secure and verify transactions. The use of some cryptocurrencies allows for minimal transaction fees, making it the best option for players. This means that players can enjoy their favorite games without worrying about paying a big chunk of their winnings.
While provably fair is the most popular and reliable method of ensuring fairness in online gaming, there are other key concepts that are worth understanding:
Random Number Generators (RNG) are a more traditional way to generate results. They are common programming solutions that are widely used in online gaming. But they have been known to be inadequate when it comes to ensuring the fairness of games.
These systems rely on software to generate numbers but they may not be truly random. This means that every number generator has biases and is more likely to return certain values over others. However, it is usually hard to assess these number generators as they are part of the code and usually not open for inspection.
Trusted Third-Parties (TTP) are a traditional way to give a casino credibility. As the name implies, a third party is involved in ensuring the fairness of games. This entity is usually a regulatory body that oversees the gaming industry. However, TTP systems are not as secure as provably fair, as they must rely on outside institutions to ensure the fairness of the game. Still, the third party may be compromised, leading to unfair outcomes for players.
Despite the existence of other fairness algorithms, Provably Fair remains the best option for online gaming. The algorithm is transparent, secure, and efficient. It allows players to verify the fairness of the game themselves, without the need for a third party.
Provably Fair technology has revolutionized online gambling and has become an invaluable tool to generate trust. The technology guarantees that games are fair and free of any manipulation. As more people continue to adopt cryptocurrencies, Provably Fair will become the gold standard for people looking to wager online. It is the future of online gambling.
If you are looking for casinos with games that are provably fair, you should check out our homepage with the best crypto casinos. Remember to look for a scale or a similar icon in every game. If you don’t see and can’t check the hash, it means it is not a provably fair game.