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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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Bulgaria blacklists more online betting domains

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Bulgaria blacklists more online betting domainsReading Time: 1 minute

 

The Bulgarian State Gambling Commission (SCG) has added two more online gambling websites to its blacklist of banned domains. The authorities found the two websites were operating without a gambling license.

The blocked websites according to the decision №55 of 18 January 2019 are df-bet.org and 1xdzug.host.

During the meeting, the Bulgarian State Gambling Commission has also made several decisions regarding local gambling business operators and companies. The relevant documents can be found of the official SCG section of Bulgarian Ministry of Finance website.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Bulgaria blacklists more online betting domains

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Analyzing How To Uberize The iGaming Industry With A Glocal Approach

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Analyzing How To Uberize The iGaming Industry With A Glocal ApproachReading Time: 2 minutes

 

BtoBet unfolds its latest Industry Report prior to flying to ICE London

With the first years of the iGaming industry defined by the use of inflexible in-house technological solutions, nowadays there is general consensus that the use of technology developed by tech visionaries is the only way forward to guarantee constant innovation and an optimal player experience.

In its latest Industry Report, “Uberizing iGaming with a glocal approach”, BtoBet analyses the industry’s past rigid approach to technology, and its own current endeavour to uberize the market through a harmonization process of cutting edge technology, which easily morphs itself to the different business and market scenarios, constantly adapting itself on a local level.

In his dedicated editorial, BtoBet’s CEO Alessandro Fried states that it is of the utmost importance for operators to have at their disposal advanced technological solutions which they must couple with the right knowledge and expertise from a local perspective in order to meet all their pre-set goals. “It is a must to keep in mind that one size does not fit all. Technology that excels itself in a mature market will not work in a more technologically limited context and thus will have to adapt itself. The eventuality of making it big in one local market does not necessarily mean that adopting the same approach will eventually pan out as expected in another, even if neighbouring, country. Obviously this applies also vice versa. But for this to work out without any hiccups you must also have the correct know-how of all the the various aspects that constitute the context where licensees will be operating.”

The Report also focuses on the unique elements that constitute the White Label Partnership (WLP) Program, the industry’s first real uberization model, where technology and operational services are streamlined in a holistic way for White Label Operators to easily access the online channel, even without their having the prior expertise in this particular field. Particular reference is made to the Latin American region, with the WLP Program expanding in the region via the certified partnership with Wildar Gaming who will start delivering BtoBet’s advanced technologies and operational services in the region to other White Label Operators.

Download BtoBet’s latest industry report and schedule a meeting to meet our team of experts who will be present at ICE London at S1-320 to analyse and understand which approach best fits your operational requirements.

 

About BtoBet:
BtoBet is a multinational company and is part of a group with 20 years of experience in software development in IT, telecommunication, e-commerce and banking, strongly committed to technology and widely investing in technology research and development. The experience gained at the forefront in these advanced environments, compared with the more recent gambling industry, allows BtoBet to be visionary with a deep understanding of the requirements of the market, catching changing trends and anticipating bookmakers’ and operators’ needs. BtoBet is a true partner in technology, offering a standalone platform and services for the iGaming and Sports Betting industry. It counts on a very talented, continuously trained development team and day to day management support to clients. BtoBet allows licensees to be unique in the market, by giving them the opportunity to completely personalise their offers for Sports betting and iGaming business, online mobile and retail. BtoBet has technical branches with large ever-growing teams of developers in Skopje, Ohrid, Bitola, Belgrade, Nish, Tirana, and Rome. Malta hosts the commercial and marketing centre. Visit our site on: www.btobet.com


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Analyzing How To Uberize The iGaming Industry With A Glocal Approach

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New Jersey to put a cap of $5 million on sports bet

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New Jersey to put a cap of $5 million on sports betReading Time: 1 minute

 

New Jersey gaming regulators are bringing in a new set of betting regulations, which would put a ceiling of $5 million for betting.

As per the new regulations, sportsbooks cannot accept bets over $5 mm. There’s no indication that any New Jersey sportsbook has taken a bet anywhere close to that figure, but the New Jersey Division of Gaming Enforcement seems interested in being cautious. However, it is definitely not impossible that a sportsbook has already taken a multimillion-dollar bet. Collectively, the state’s books have already taken more than $1.25 billion worth of bets.

“No wager in excess of $5 million can be accepted for any reason,” read a line in the 106-page document of proposed regulatory changes. It is known that the median wager on DraftKings Sportsbook in New Jersey is less than $10, so the limit is relatively astronomical and probably will have no impact on anyone’s bottom line.

 


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New Jersey to put a cap of million on sports bet

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