A betting revolution: P2PBET launches the first ever blockchain betting ecosystem
Usually there are 2 types of people in betting: lucky and unlucky users. All this is because traditional betting is opaque, and the industry itself has become more and more controlled. However, users are still interested in trying their luck in the fight for a big prize, so games will always remain popular.
Anyway, the betting revolution is already underway: P2PBET has launched its first transparent betting platform. It is based on the blockchain with cryptocurrency stakes. But before we get into more details about their platform, let’s first look at what cryptocurrency and blockchain mean and how they relate to gaming.
Blockchain and cryptocurrency
A blockchain is a decentralized, distributed ledger that stores the record of ownership of digital assets. Data stored on the blockchain cannot be altered, making the technology a legitimate disruptor for industries such as payments, cybersecurity and healthcare. It can be compared to how a Google Docs document works. When a person shares their Google Doc with a group of people, the document is distributed among everyone who has access to it – making it decentralized and transparent. All changes to the document are recorded in real time. Of course, blockchain technology is far more complicated and one cannot make any changes once the code is written, making it more secure.
A cryptocurrency, on the other hand, is a form of digital cash that enables individuals to transfer value in a digital environment. Crypto works on the blockchain and has no central bank or any party that can change the rules without reaching consensus.
By connecting the blockchain and crypto technology with betting, we get decentralized betting.
Decentralized betting on P2PBET?
Now that we’ve clarified how blockchain works, let’s check out how blockchain decentralization makes your gaming experience fair and transparent.
-First, all the transactions happen on the blockchain, and each user can track the transfers that happen on the platform. Moreover, there are no delays and stops in transfers.
-Secondly, there is no KYC on P2PBET, which means that they do not require users’ personal information and no one knows who the users are.
-The next point is about financial security. Users can be sure that no one can access their money except themselves because the platform requires the connection of MetaMask and TRC20 wallets.
– Also, unlike traditional betting, P2PBET does not regulate any prices, because all financial asset statuses are synchronized with the actual prices on Binance.
-The platform’s commissions are always fixed – 3% of the amount won. Such conditions are written into the platform’s smart contracts, which ensures that there is no room for fee manipulation. You will never be deceived or kept in the dark.
More about P2PBET
Having said that, the mentioned points can guarantee the platform’s anonymity, transparency and limitlessness. As a result, it is obvious that P2PBET made a great innovative approach to betting and revolutionized the industry with the idea of blockchain gaming. Now individuals who are eager to bet can enjoy the process peacefully using luck and professionalism.
P2PBET also launched a free game on their platform that is live right now: anyone can take 3 tries to predict the BTC price by the end of the day, with the winner getting $100! Users do not need to invest money to participate because the game is free. Also, as it has been launched recently, anyone who participates has a high chance of winning by guessing a number closest to Bitcoin’s price. This is the perfect chance to give yourself a nice present before Christmas!
