Bitpoker – CHIP ICO Bitcoin Blockchain Online Poker Tokens?
Bitpoker is a decentralized online poker platform that wants to be the future of online poker. Find out more about Bitpoker today in our review.
What Is Bitpoker?
Found online at Bitpoker.io, Bitpoker is an online poker platform built on blockchain technology. The decentralized platform wants to improve today’s poker industry by introducing the benefits of decentralized ledger technology.
Bitpoker works as a peer-to-peer platform and protocol that allows users to play poker uncensored over the internet. It aims to be the OpenBazaar of the online poker industry by stressing on replacing centralized gaming models – like the ones used by today’s online poker sites – with a more transparent, secure, and decentralized structure.
Like other decentralized systems, Bitpoker aims to be provably fair. No central actor can rig the game and change the outcomes of the bets.
The Bitpoker token (CHIP) pre-sale began on August 15, with the general ICO taking place throughout September.
Fast Gameplay: Bitpoker will use Whisper or ZeroMQ to allow users to send and receive messages quickly across the network, ensuring faster gameplay.
Fast Transactions: Deposits and withdrawals will be handled on the bitcoin network, which is faster than fiat currency deposits and withdrawals, but obviously isn’t the fastest cryptocurrency transaction vehicle.
Funds Remain in the Player’s Control: Players will not be asked to make a deposit to play. Players open payment channels, which means funds are always in their control. They’re never held in a centralized wallet or server – like they are when you play traditional online poker gamers.
Fair Play: Bitpoker uses mental poker algorithms to create a provably fair poker game. Users are encouraged to inspect the shuffling algorithms, software, and messages over the wire.
Private: Clients will communicate with Whisper, an encrypted protocol. TOR may also be developed if there’s demand.
How Does Bitpoker Work?
Bitpoker’s client is written in C# and will support Linux, Mac, and Windows OS. The software is designed to be modular and extensible, and consists of the following five layers:
Presentation/UI Layer: This is the layer users interact with to enjoy speedy, easy access to online poker.
Microservices/Controllers Layer: This layer acts as a small, lightweight HTTP service running on the user end. Right now, Bitpoker is using .Net Kestrel, although future builds may also include NodeJs in order to handle many connections concurrently.
Consensus Layer: The Bitpoker consensus library is the poker engine of the Bitpoker protocol. The library will initially be limited to Heads Up, and will not have Texas Hold’em. With future development, however, Bitpoker will extend the library to include more variations of Texas Hold’em, including variations with the Seven Deuce and Run It Twice rules.
Communication Layer: The Bitpoker communication layer is responsible for the interaction between controllers. The layer uses the Whisper protocol, which is typically used by decentralized apps (DApps) for encrypted communication.
Repository Layer: The Repository Layer is a NoSQL database whose LiteSQL database is used to save users’ settings and their game contracts. It creates tables, indexes, and sequences to databases and upgrades schema when necessary.
How A Bitpoker Game Works
During a game, each client connects to one another in a “lobby”. Players can look for other players looking to start a game, or players who are requesting to join a running game. Signed messages are dispatched to all players while referencing the existing message, acting like a blockchain of messages. Here’s the process by which a game will take place:
- Table reaches consensus on whose turn to act based off the game contract
- Table reaches consensus on the legal moves and actions a player can make
- The table waits for a signed message from that player
- All other players validate that message
In terms of the architecture, Bitpoker’s MVP will either use Ethereum smart contracts or a P2P system. The whitepaper outlines plans for both.
The Bitpoker Token Sale
Bitpoker’s CIHP tokens will be used as game chips or for mining rake on bitcoin tables. There will be a total supply of 100,000,000 CHIP tokens. The pre-order began on August 15, 2017. The general crowdsale is scheduled for September 5 to October 5, 2017. The company had no discounts or private deals during the pre-sale, and no bonuses are available during the general sale.
Tokens will be distributed 7 days after the sale ends. By Q4 2017, Bitpoker will deliver a minimal viable product.
As a CHIP token holder, you can operate a bitcoin table and charge a small rake, paid out in bitcoin. CHIP token holders also enjoy rake-free play. As adoption of the platform grows, there will be an increased demand for CHIP tokens and a limited supply. The product can also be white-labeled and packaged to online casinos and poker startups – say, if they want to use a digital currency on their gambling platform, but don’t feel the need to develop their own token from the ground up.
60% of the total supply of tokens will be sold during the ICO. 10% each will be used for development in 2020 and 2021, and 20% will be given to the team, with a 3 year lockout period.
Who’s Behind Bitpoker?
Bitpoker is led by CEO Dmitrii Motorov, who has been a professional poker player for 11 years. He partnered with Chief Technical Officer Lucas Cullen to create Bitpoker. Lucas is a software developer who has been active in the bitcoin space since 2011. He first played online poker on Yahoo in 2001, and Bitpoker is his brainchild.
Bitpoker is incorporated in Costa Rica under the name BITPOKERIO S.L.R.
Bitpoker is an online poker game built on the blockchain. The game aims to introduce the benefits of blockchain technology to the world of online poker. There’s no MVP at this point, but the company plans to introduce it before the end of the year. The CHIP token sale takes place throughout September and October. You can participate in the sale, or learn more about the platform today, by visiting online at Bitpoker.io.