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Why You Need to Understand Solidity to Invest in Blockchain – by Fueled.NYC

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In the cyber world of bitcoin, Ethereum is often thought of as a competitor. However, that’s not exactly correct. Ethereum is indeed used for transactions similarly to Bitcoin but is much faster and less expensive. Ethereum provides an amazing smart contract functionality. The PCP Ethereum cloud is used to run blockchain apps. The idea behind this type of blockchain development for everybody to be able to create and execute their own apps easily. Smart contracts are a specific type of app which is written using the programming language, Solidity.  These run atop the Ethereum Blockchain. What’s so great about Smart Contracts? They can be used for designing nearly any type of program whether it is for a financial institution or to creating a betting app. A smart contract can be used for anything involving transferring a value.

In Solidity, just like other computer languages, a smart contract consists of numerous functions. These are triggered by events. The function then transfers value or another pre-defined event in a separate smart contract, or it can interact with online information. Of course, the significant difference in smart contracts is the concept of multi-signature. In a perfect democracy, a good analogy would be voting where every user of a contract is allowed to vote for A or for B, and if there are enough votes for A then function A is “called.” Otherwise, B function would go into action. Ultimately, this is the projection of a social process incorporated into blockchain and intended for reaching a consensus for a fact.

 

Blockchain and Solidity Development

To better understand blockchain development, it’s important to gain a workable understanding of Solidity. The simplest definition is that it is a static-type programming language. C++ and Java are also statically-typed programming languages meaning they go through a process of enforcing and verifying the different limitations and constraints of type.

Solidity development began to create smart contracts which are executed through the Ethereum Virtual Machine or EVM. The best explanation is that it is a specific language which initiates smart contracts, processed them and verifies them. It’s a process which can’t be refuted or reversed.

 

Investing in Blockchain Technology

A good understanding of Solidity can help those who want to invest in blockchain technology or potentially make other investments in cryptocurrencies. Solidity is used to create smart contracts. But, what does that mean? Simply put, a smart contract exists between two people, such as a buyer and a seller. However, there is no currency needed to initiate a smart contract. Perhaps it is files or data that is transferred to execute a smart contract. The most important thing to know is that once a smart contract has been executed, it cannot be revered. They make up part of the network of blockchains. Once they are in place, they are permanent.

If you desire to get involved in blockchain, it’s best to learn more about Solidity and then branch out from there. Once you understand the language and actions of Solidity, it’ll be easier to make investment choices on blockchain. Blockchain development is only going to widen from here, all that’s left is to decide if you want to be a part or not.

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DraftKings joins hands with Scarlet Pearl Casino Resort

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DraftKings joins hands with Scarlet Pearl Casino ResortReading Time: 1 minute

 

US-based DraftKings has signed an agreement with Scarlet Pearl Casino Resort in D’Iberville, Mississippi to officially open DraftKings at Scarlet Pearl Sportsbook. The new facility will start functioning on 16 November 2018. The sportsbook will transform Scarlet Pearl’s existing PRL Bar into a multi-screen betting and social destination for sports lovers.

“We’re thrilled to be working with Scarlet Pearl Casino Resort, whose leadership has a high bar for quality and a forward-thinking approach to sports betting; a perfect fit for DraftKings,” said Matt Kalish, Chief Revenue Officer and co-founder of DraftKings. “We’re excited to bring and offer an innovative sports betting experience to sports fans in one of the largest and most competitive gaming markets in the U.S.”

DraftKings at Scarlet Pearl Sportsbook will offer a superior customer experience that includes the opportunity to wager on dozens of sports. In addition, the sportsbook will soon offer live, in-game betting with three windows, giving sports fans a variety of ways to place their bets. Pending regulatory approval, the sportsbook will incorporate on-site kiosks and an on-premise mobile app.

 “We are excited to introduce DraftKings, a ‘New Way’ to game for our current and future guests,” Scarlet Pearl Casino Resort CEO LuAnn Pappas said. “Our collaboration with DraftKings is an opportunity for us to continue to set high standards on the Mississippi Gulf Coast and give our players a new home for sports betting.”

Directing the Scarlet Pearl Sportsbook team will be Nicholas “Nico” Sfanos, who previously ran sportsbooks for Station Casinos throughout Nevada.

 

Source: 5StarMedia


Source: European Gaming Media

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Aragon and Catalonia officials visit Zitro Games

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Aragon and Catalonia officials visit Zitro GamesReading Time: 1 minute

 

The high officials of Aragon and Catalonia have visited the facilities of Zitro Technological Campus in Barcelona. The visiting team was headed by the Interior Justice Director of the Government of Aragón, Ms. María Ángeles Júlvez León, and the Tax and Gambling Director of the Generalitat of Catalonia, Ms. Natalia Caba Alba. They were accompanied respectively by the Head of Authorisation and Sanctions Service Ms. Elena Pérez Aparicio and by the Gambling Deputy Director Mr. Amadeu Farré i Morel. The team examined the manufacturing process behind each product in detail.

Forming an exceptional entourage, and accompanied by Johnny Viveiros Ortiz, founder of Zitro, Manuela Jiménez, Vice President, Sebastián Salat, CEO, Marta Cuesta, Product Director, and Cristina García, Director of Institutional Relations, the authorities have visited the different departments which are located in the Zitro Technological Campus, where software development, video bingo and video slot game design and Zitro Interactive applications are carried out.

The campus, which is fully devoted to Research + Development + Innovation activities, also has state-of-the-art video and sound recording studios, as well as a plant that’s dedicated to the manufacture and quality control of Zitro and Bryke gaming machines.

Johnny Viveiros Ortiz said that “we are very grateful to the authorities for their interest in learning about our Technology Campus and we are very proud to show them our Factory of Ideas in detail, where Zitro’s great team turns them into unique experiences for players around the world, using the most advanced technology on the market.”


Source: European Gaming Media

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From Alpha to Omega, BetConstruct chooses SiGMA

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From Alpha to Omega, BetConstruct chooses SiGMAReading Time: 2 minutes

 

Staying on a track of the latest regulatory and technological developments, on November 28 to 30 BetConstruct representatives travel to the capital of Malta, to participate in professional networking event SiGMA 2018.

“Malta iGaming Summit started 5 years ago, just when we established our office on the island. Since then the event has grown tremendously, just like BetConstruct, and became one of the most significant exhibitions in our busy calendar of events. Given all that plus a number of our products licensed by Malta Gaming Authority, we simply could not miss the expo.” – said Kristina Hambardzumyan, Regional Director in Malta.

To the world’s igaming village BetConstruct takes its fully-fledged white label offerings for the regulated European market. The line-up of gaming products has RNG and Live Casinos, Skill Games and Poker that has been recently added to our set of licensed products by MGA. As for betting solutions we have Sportsbook, Fantasy Sports and Virtual Sports. FeedConstruct will showcase the company’s data feed products with 4 in 1 solutions and Friendship Platform, a live video stock for federations and sporting video providers.

Alongside our standard package, the gaming products of well-known Malta-licensed casino providers are also available through our platform due to the recently granted approval from the Malta Gaming Authority.

BOOK A MEETING

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales and service centers around the globe.
BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).
All partners benefit from the BetConstruct Spring platform with its powerful back office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.


Source: European Gaming Media

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