August 16, 2022 World
The online gambling market is fast on the increase and with the introduction of new technologies, here are technologies already in use that will change the future of the gaming industry.
Cryptocurrency and blockchain technologies
Cryptocurrencies and blockchain technologies have shown immeasurable growth in the iGaming industry. Bitcoin casino’s, supporting cryptocurrency payments on gambling platforms have opened new advantages.
To date, there is no personal data needed. Payments are not limited and with transactions carried out directly, this ensures fast deposits and payouts.
Cryptocurrency’s are backed by a decentralized registry that tracks every transaction, which is distributed over a large database with a million copies. This is due to the fact that currently, fiat currencies are supported by the state that issues them.
What does it mean?
It means anyone with access to the network can verify the transaction, the history of bitcoin cannot be faked, and attempts to falsify a block will affect very block in the network.
Blockchain tech can be used to record transactions between the user and the casino’s meaning all bets, deposit amounts and payouts on winnings are recorded in encrypted form.
Gambling platforms can now realistically prove that players really receive the payout percentage declared by providers.
Online casinos continue to use Progressive Web Applications (PWA), an alternative to native mobile applications. PWA’s are launched as a regular web page of a gambling site.
This means a player can install the app via Chrome or Safari, without using online stores. By clicking the “add to home screen” button, an Android user can add the casino to their mobile phone.