Blockchain

The Promise of Blockchain Technology for iGaming

Published

2 years ago

November 23, 2021

Over the past several years, cryptocurrencies and blockchain casinos have exploded into mainstream consciousness. Speculation of cryptocurrencies is rampant, and it seems that every month a new blockchain launches, promising to unseat the current kings of the industry.

This has led to almost a sole focus on the price of various tokens such as BTC and ETH. However, when the speculation fizzles out and reality returns, as it did in the 2001 dot com bubble, and as it will in this industry, some truly world-changing technology will emerge, and it will have a big impact on online gambling. Leo Twin from casino portal gamblerspro.com shared his thoughts on the matter with us.

Self-Custody of Funds

Casino operators, affiliates, and players will know that one of the largest pain points in the industry is deposits and payouts. Some players are hesitant to deposit to new brands, and there’s almost always friction when it comes to payouts.

Because some cryptocurrencies make lightning-fast micropayments possible, it’s possible for players to keep custody of their funds in their wallets and for bets to be settled on a per-bet basis. An example of this is Peer Game on the BSV blockchain. With fees of $0.00001 on average, players can make bets of any size and pay the fee on every bet, with settlement occurring in real-time.

Self-custody of funds has the potential to revolutionize the industry. It would eliminate rogue operators who steal funds and could reduce overheads for casinos and gaming operators. It would mean goodbye to 24-48 hour payouts and the very concept of minimum deposits and withdrawals, with each bet being paid on the spot instead.

Provably Fair Games

Provably Fair casino games are already available at some online casinos. However, with the widespread adoption of scalable blockchain technology, they can become the norm.

Using a blockchain-related technology called hashing, Provably Fair games allow players to generate a random seed number and feed it into the game algorithm between spins, hands, or rolls of the dice.

The ability to insert your own random number into the mix means the casino operator does not have control of the game outcome and, therefore, can’t rig the games. This is amplified by the fact that each wager could have a time-stamped entry on the blockchain, allowing for auditing of game payouts by external third parties. Since there’s no way to change on-chain data without the majority consensus of all nodes, manipulating the data is impossible, and any shenanigans would almost certainly be detected.

Compliance & Regulations

One of the most misunderstood elements of blockchain technology is what it means for data management. Essentially, a public blockchain is a massive decentralized database that can’t be easily altered or manipulated.

This could make compliance with regulations much easier. If a regulator comes along and asks for data proving an operator is taking measures to prevent problem gambling, it can all be pulled from the blockchain with time-stamped proof of the measures taken.

Whereas these days, operators are relying on fragmented databases, data is often lost or stored in email attachments or on old servers; if all of the data is available on a public blockchain, it makes the lives of operators and regulators much easier. In time, with pattern-recognition AI and other machine learning tools, compliance violations can be detected and dealt with in real-time.

It’s Time to Embrace Blockchain Technology for Gaming

Just as the internet revolutionized the world, so too will blockchain technology. As the gaming industry was one of the first to embrace the world wide web, it should be among the first to embrace blockchain.

It’s time to look past the crazy valuations of tokens in the blockchain economy and focus on the disruptive technology at the heart of it. Everyone will be better off when this happens.

Blockchain

After Crossing 100,000 Active Users, Hypeloot.com Announces The Launch of Its Utility Token $HPLT

Published

3 months ago

January 22, 2024

Hunor Pal

after-crossing-100,000-active-users,-hypeloot.com-announces-the-launch-of-its-utility-token-$hplt

Reading Time: 3 minutes

Hypeloot was established in 2022 and has processed over 50 million bets for over 100.000 Users worldwide, being one of the fastest growing Cryptocurrency casinos, releasing new game modes almost every week and a recent surge in growth which is likely to accelerate.

Hypeloot Originals cross 50 million bets mark

With new game mode additions, the number of daily bets and also bets placed per user is increasing by the day. Hypeloot adds some of the most popular Casino games but is also not afraid to add an innovative touch to the platform by developing new games that are gaining a lot of popularity, for example, the Plinko game with a 100.000X multiplier, making it the first-ever Plinko game with this high of a multiplier which is not only something innovative for the Gambling industry but also a great marketing tool as users always try to chase high multipliers.

Hypeloot .com profit share with $HPLT holders

All $HPLT holders will indirectly profit from the rampant Hypeloot .com growth and its already increasing profitability via daily buyback & burn events. Hypeloot profits will automatically go towards purchasing $HPLT tokens on the open market and burning them right after – on a daily basis!

The Hypeloot $HPLT Token

The $HPLT Presale will start the 1st of February at 15:00 UTC directly on presale.Hypeloot .com, the presale is split into different stages in which the first investors get the cheapest possible price and are also eligible for the Hype NFTs which will be tradable right on token launch. 40% Of the total supply will go towards Presale contributors, rest is split between liquidity, marketing, team, airdrops and more. All Team tokens will be locked and vested on a transparent level.

Fueling The Hypeloot Ecosystem

Hypeloot is one of the only Crypto casinos offering Fiat payment gateways and all major payment providers making it easy for every user. On top of that, Hypeloot also currently offers all major Cryptocurrencies for deposits and withdrawals. All Games are 100% provably fair with an open and transparent guide on how to check each roll, the EOS and Chainlink Blockchain hashes are being used to generate 100% randomness.

Hype NFTs

Hype NFTs are the official NFTs of Hypeloot .com ($HPLT), it will initially only be available to presale contributors, on launch, these NFTs can then be traded, bought, sold and used on Hypeloot .com for free bets, staking pools, increased rakeback and much more. These NFTs are strictly limited and will not be minted more than the given supply.

Hypeloot .com Numbers and Outlook

Hypeloot has generated over $1 Million in revenue in 2023, given that regular slot and live casino games will be added soon, it is expected to have a significant surge in the coming weeks as this is anticipated by a lot of current users, this new addition also open the door to a lot of new user acquisition as well as higher profit per user given all the new game modes.

Blockchain

HIPTHER Announces Major Expansion into Fintech, Blockchain, and AI, Reinforcing Its Position as a Diverse Industry News Leader

Published

4 months ago

January 9, 2024

George Miller

hipther-announces-major-expansion-into-fintech,-blockchain,-and-ai,-reinforcing-its-position-as-a-diverse-industry-news-leader

Reading Time: < 1 minute

Building on its established success in the gambling and iGaming sectors, HIPTHER Agency is excited to announce a significant expansion of its editorial focus into three dynamic industries: fintech, blockchain, and artificial intelligence. This strategic move is part of HIPTHER’s ongoing commitment to providing comprehensive, in-depth coverage across a spectrum of industries, including virtual reality, esports, and official global government releases.

Focused Expansion for a Diverse Audience

The expansion into fintech, blockchain, and AI represents HIPTHER’s dedication to staying at the forefront of technological and financial advancements. By integrating these sectors into the HIPTHER .com platform, the agency offers its audience a rich, diverse content experience, positioning itself as a one-stop destination for insights across these cutting-edge fields.

Enhanced Digital Presence and Accessibility

Complementing this expansion, HIPTHER continues to enhance its digital footprint. The agency’s Android app has already established a strong user base, and with the anticipation of an iOS app in 2024, HIPTHER is set to broaden its reach and accessibility. The agency’s social media channels are also being rebranded to reflect this expanded focus, ensuring a cohesive and comprehensive digital experience.

Unwavering Commitment to Quality and Insight

HIPTHER, known for its high-quality content in the gambling industry, extends this commitment to its new sectors. The agency’s team of experts and seasoned journalists is dedicated to delivering insightful, accurate, and timely information, catering to the needs of a diverse, global audience.

Zoltan Tundik, Co-Founder and Head of Business at HIPTHER, states, “Our expansion into fintech, blockchain, and AI is a natural progression of our mission to provide diverse, in-depth industry news. We’re excited to bring our expertise and quality content to these vibrant sectors, while continuing to serve our existing audiences with the coverage they trust.”

For more information, please visit HIPTHER.com

Blockchain

Empowering Women in Web3: Polish Blockchain Association’s Exciting Initiative

Published

4 months ago

December 18, 2023

George Miller

empowering-women-in-web3:-polish-blockchain-association’s-exciting-initiative

Reading Time: 2 minutes

Hipther proudly announces the commendable initiative by the Polish Blockchain Association: the “Top Women of Web3, Central and Eastern Europe edition.” This groundbreaking effort aims to spotlight and celebrate the outstanding contributions of women shaping the Web3 landscape in Poland and the broader Central and Eastern European region.

Diversity as a Driving Force

Recognizing the transformative power of diversity, the Polish Blockchain Association acknowledges the invaluable impact women are making in the Web3 and blockchain industry. Despite these significant contributions, women remain underrepresented in the public sphere of the industry, particularly at conferences, webinars, and other events. The initiative seeks to address this imbalance and bring more visibility to the achievements of female colleagues in the region.

Nominate Outstanding Women

If you share this commitment to fostering diversity and inclusivity, we invite you to participate in this empowering initiative. Nominate outstanding women who have had a direct impact on the Web3 space over the past year. Whether it’s yourself or a colleague, we want to hear about the remarkable women shaping the industry in Central and Eastern Europe!

To nominate, simply visit the nomination page. The deadline for submissions is December 31, 2023, and the winners will be announced in January 2024.

Recognition and Rewards

The Polish Blockchain Association will select 20 outstanding profiles from the nominations, and the winners will be featured in a special report. This report will not only be published by the association but, subject to consent, will also be made available to conference and event organizers. This initiative aims to increase the visibility of women in core industry events as speakers and contributors. Additionally, winners will receive free tickets or discounts to attend the next year’s Tech of Tomorrow Conference, organized by the Polish Blockchain Association on September 19-20, 2024.

Inspire the Next Generation

By showcasing the diverse talent in the Web3 space, we aspire to inspire the next generation of leaders. Join the Polish Blockchain Association in supporting and recognizing the women who are driving innovation and excellence in the blockchain and Web3 industry.

Hipther is proud to stand alongside our Strategic Partners, the Polish Blockchain Association, in communicating this impactful initiative. Let’s work together to create a more inclusive future for the world of technology!

The Polish Blockchain Association is a non-profit organization fostering knowledge and experience exchange in the area of blockchain technology. Their mission is to connect experts, developers, enterprises and tech enthusiasts, and serve as a collaboration-enabling platform for the whole Polish and global blockchain community. Under the scope of this mission, they have joined forces with Hipther as Strategic Partners for the most impactful GameTech in-person gathering in CEE, the Prague Gaming & TECH Summit.