With all of the hoopla that currently surrounds blockchain technology, many developers have come to realize that this platform can be also used within a gaming context extremely well. The developers of Coin Race have done exactly that, and have come up with a game that allows users to win virtual chips in a completely transparent and “provably fair” manner.
In addition to this, the whitepaper also states that the game can be used to earn virtual currencies as well as develop other newer games that can be governed as per the wishes of the user.
More About CoinRace
When looked at more technically, we can see that CoinRace has the potential to become one of the fastest decentralized games on the blockchain today. This is primarily due to the fact that it makes use of the Raiden Network— a protocol that is designed to facilitate faster internal transactions.
CoinRace Trusted Blockchain Betting Game Key Aspects
Other key aspects of this game include:
Simplified Monetary Transfers:
All of one’s earned tokens can be exchanged between gamers quite easily via the use of the CoinRace dapp.
One of the most appealing facets of this game is that it provides users with a UI that allows them to “define different parameters for each and every race”. Some of the core variables include:
- List of coin/tokens (cars)
- Duration of a lap
- Prize calculation rules
Not only can money be sent/ received via the native dAPP, but in-game transactions can also be facilitated between users quite easily.
Low Fee Rates:
All internal transactions are completed without the incurrence of any substantial processing fee charges.
Why Choose CoinRace?
As mentioned earlier, the gaming environment used by CoinRace is based completely within the Ethereum blockchain
According to the whitepaper, through the use of this gaming service, customers can implement trusted oracles for sport events. Not only that, they can also bring into effect a ‘voting protocol’ that helps establish trustworthy oracles (via the use of a proof-of-stack model).
Multi Function Usability:
In addition to all of the aforementioned features, CoinRace also allows users to add the possibility of betting on other things such as:
- Extremely specific sporting events
- Changes in weather— i.e future forecast predictions
- Occurrence of everyday events
How do I start playing CoinRace?
To participate, users are first needed to purchase some native tokens (Race Coins). This can be done via a host of online exchanges that have been listed on the official company website.
Alternatively, users can also proceed to buy tokens by clicking on the relevant link on the home-screen.
For any other details pertaining to this game, the live chat feature that is located on the bottom right side of the screen can be enabled. Additionally, there is also a telegram portal available that can be used to get in touch with company representatives.