For any crypto enthusiast with a gambling hobby, the blockchain technology has taken the liberty to provide various avenues to satisfy your needs. There are several gambling ventures within the blockchain, each promising features that are unique from the rest. At most times, it is a challenge to differentiate these gambling platforms, and the only way to do it would be to join in. However, we can’t have the privilege to join every blockchain gambling site. That is why a review is necessary before you make that vital investment decision.
What Is Gamblica?
Our focus today will be the upcoming ICO Gamblica. The online casino is an international firm with innovative IT solutions for the gambling world and blockchain. Under their Gamblica platform, the team behind the idea wants to promote fair casino games and systems by incorporating the blockchain technology. In essence, the platform will consider the current gambling industry problems regarding trust issues.
How Gamblica Blockchain Gambling & Gaming Platform Works
Each member will need the Gamblica token (GMBC) to participate in the casino games. The coin is the platforms in-game currency for use with on the slots and betting. Once registered, a member will need to use the tokens for each game. There are different games on offer ranging from slot machines, poker rooms, sports betting and other casino games.
The platform also claims to have a transparent system for the outcomes of the games. If you are lucky to win, your payout will be automatic and secure thanks to the use of smart contracts and a decentralized ecosystem. All the payouts are sent to your Gamblica account after the outcome of the sporting event is confirmed. You can also withdraw the tokens and exchange them for the cryptocurrency you desire.
Is Gamblica Unique?
For starters, Gamblica is not the first blockchain gambling platform. But, they do stand out from the rest of the similar ideas. An integral element of their games is that they have a far better level of fairness in the outcomes. Their random number generation system works on a cryptographic algorithm with one way hash functions. That means their system generates the random number based on parameters as input data. As a result, Gamblica random number generator operates using a multi-factor model which is more secure and reliable on the outcomes of the games. Typically, most RNG work on a single factor model which is susceptible to third-party interference.
Gamblica GMBC Conclusion
Gamblica has the potential to attract customers and grow in the future. First off, the platform is guaranteeing honesty which is rare for a gambling firm taking into account the number of fraud cases. The platform is further giving its members the chance to verify their algorithm which is available on various development platforms. Additionally, the project is working to benefit the end user rather than making a profit for the house as it is with the traditional betting firms.
All-in-all, the choice is to get on board is a hard task judging from the number of gambling scams on the blockchain. Furthermore, not everyone is a fan of gambling which makes the project less viable for a wide range of people. If you are a gambling enthusiast, Gamblica seems like an option to try out. Still, be wary of the possibility of the project turning into a scam.