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Blockchain

The Promise of Blockchain Technology for iGaming

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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.

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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.

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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

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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.

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Blockchain

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

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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.

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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.”

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For more information, please visit HIPTHER.com

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Blockchain

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

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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

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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.

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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

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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.

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Blockchain

Oddin.gg Teams Up with Betswap: Pioneering a Hybrid Esports Betting Experience with Advanced iFrame Tech!

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Oddin.gg has announced an exciting new partnership with Betswap, a leading destination for sports and casino enthusiasts. This collaboration aims to enhance the esports betting experience for Betswap and its user community by utilizing Oddin’s advanced iFrame
technology.

The first blockchain based exchange rate platform Betswap emerges as a groundbreaking platform that seamlessly blends the worlds of sports betting, casinos, and esports. Pioneering a novel approach, it’s both a decentralized and centralized hybrid, allowing users to experience the best of both worlds. The incorporation of the Oddin’s iFrame functionality extends Betswap’s reach to capture the attention and engagement of esports enthusiasts, gamers, and bettors alike.

Marek Suchar, Managing Director and Co-founder at Oddin.gg, says: “We are absolutely thrilled to announce our partnership with Betswap.gg, where we are harnessing Oddin’s sophisticated iFrame technology to enhance the esports betting experience. Together, Oddin.gg
and Betswap.gg stand ready to adapt swiftly to the dynamic changes introduced by CS2, showcasing our commitment to providing comprehensive coverage of the inaugural official CS2 matches. We stand at the vanguard of technical innovation with our esports betting solution, and we are honored to collaborate with a similarly pioneering technological firm that is actively exploring new horizons in the realms of blockchain and web 3.0 technology.”

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Thawfeek Ameen, CMO at Betswap, comments: “In partnership with Oddin.gg, Betswap is thrilled to announce the integration of their avant-garde iFrame solution into our platform. Having meticulously prepared together, we’re poised to seamlessly navigate the pivotal transition to Counter Strike 2. This groundbreaking addition is set to redefine the esports betting landscape, taking our platform to unprecedented heights and providing our users with a superior esports betting experience. Beyond just functional enhancements, this collaboration is aimed at boosting engagement and attracting the new generation of esports enthusiasts. Our partnership with Oddin.gg perfectly encapsulates our unwavering commitment to excellence, further cementing our position in the rapidly expanding global arena.”

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