Bitcoin Forum

Hello World! Meet Kryptium (https://kryptium.io/), a truly decentralised platform for peer-to-peer betting, based on Ethereum blockchain technology.
Using Kryptium, anybody can act as a player, house or data service provider!

Downloads: Our betting app is currently available for Windows, macOS and Linux. You can download it from: https://kryptium.io/#try_it (https://kryptium.io/#try_it)

Support: If you need any support or have questions about to how to use the app, you can visit our group on Telegram: https://t.me/kryptium (https://t.me/kryptium)

Smart contracts: Kryptium smart contracts and instructions for deploying your own betting house are available on GitHub: https://github.com/kryptium (https://github.com/kryptium)

News: We will be posting updates about Kryptium here but also on Twitter https://twitter.com/kryptium_io (https://twitter.com/kryptium_io) and LinkedIn https://linkedin.com/company/kryptium (https://linkedin.com/company/kryptium)

https://kryptium.io/wp-content/uploads/2018/12/feature_image_men.jpg (https://kryptium.io/)

I see that in your github there is just the smart contract, not the linux application. Is possible to have the source code of the app?

Isn't stuff like these going to clog up the ethereum blockchain again? Cryptokitties had a big user base last year and ethereum was practically unusable for weeks. How is it going to be any different if this project attracts many players?

In order to produce the first version of the betting app the soonest possible, we used a commercial template for the UI, so, at the moment, it’s not possible to release the source code of the app. The app itself is relying on an embedded service that exposes an API which provides all necessary info and functionality to the UI. We will surely consider our options for releasing that part of the code to the community but we need some extra time to decide exactly how we will open source the app without hampering our business model.

You are right, heavy usage of Kryptium could clog the blockchain just like the Cryptokitties did. This is a known issue for Ethereum but it is also known that Eth developers working (Plasma, State channels, POS) in order to fix the the tps and scalability issues.
We are also considering the usage of ipfs as an additional decentralized storage of our DApp

Just a heads-up that we have updated the description of the topic with all the important URLs for downloading the betting app, getting help, reviewing our smart contracts and staying updated with the latest news about Kryptium!

In order for it to clog the blockchain it requires a lot of games. This one is not remotely at the level of cryptokitties to begin with but also cryptokitties was basically on-chain for every single thing which is basically killing the blockchain to a level. This doesn't look like it will be on blockchain for every single thing, for example the gambling itself doesn't require that much blockchain to begin with, its just withdrawals and deposits that require a good capacity.

Cryptokitties literally used all the birth and breeding stuff which is hundreds of times every single day and not only the buying and selling which is another trouble. So, if you use ethereum blockchain smartly you do not require that much space and won't clog it but if you use it for even saying hi than yeah its going to clog it.

Then you can forget about any mass adoption.
As much as I love gambling and new betting sites, personally I will never install unknown build executable like yours. I value my coins more than unknown sites.
An open source application cannot 'hampering our business model' if people are using your smart contract.

For those who are reading this thread and might not have read all the details about Kryptium’s technology, there are a few clarifications that are required:

• Kryptium is not yet-another-betting project where the blockchain is used because it’s “cool” and “adds to the hype”. Kryptium is a truly decentralized betting platform. “Truly decentralized” like: we are not running a single server! So, everything is on the blockchain, including events, event outcomes, bets and transactions. Kryptium Team has put in a lot of effort to overcome Ethereum’s limitations and do all this in the most cost-effective way.
• It seems that Ethereum team is on the right path to evolve the blockchain in order to eliminate transaction bandwidth issues and, hence, any app clogging the blockchain in the future. Ourselves, we are already investigating how to best use the upcoming side-chain functionality to handle bets and further minimize relevant transaction times and costs.
• Kryptium has just been launched, so the platform’s transaction volume is surely not at the level of Cryptokitties (yet 😊). However, we expect this to change soon since Kryptium is not a single dapp but a platform that can be used by anybody, even to launch their own betting houses, not only on Ethereum but also on other Solidity-compatible networks, such as EthereumClassic, Expanse, PIRL, Callisto, Ellaism, POA and Musicoin.

We take feedback from the community very seriously and we do understand your concern about downloading and using a brand new app from the Internet. In order to minimize such concerns we have planned to take the following measures:
1) For Windows: the next major version of the Kryptium betting app will be “signed” using a certificate issued by a well-known authority
2) For macOS: the next major version of the Kryptium betting app will be “signed” using a standard Apple developer certificate
3) As mentioned above, at a later stage we will consider open-sourcing the code of our “front-end betting engine” so that people can use its API directly or for building their own versions of the betting app

In the meantime, you can always start playing with the app using small-size amounts and see how it goes – you won’t be disappointed 😊. It’s not a wallet after all, it doesn’t have access to your funds and it will never ask you to confirm any transaction using your main wallet. The betting app has its own betting “wallet”, so that you can transfer only the amount you want to wager there and play without worrying about the app having access to any other funds of yours.  

Good to know that you are also considering facts that has been raised by previous replies, it should be explained like what you have done right now, knowing the system much wider can bring more interested players/gamblers to try your apps, hoping that things will work accordingly.

And regarding to ETH, lots of works in terms of updating the system as they've seen how cryptokitties affected the entire chain, let see and hope
that everything will be settle after those updates.

Will the upcoming ETH network upgrade won't solve this problem?
This is quite unique, never found a similar sportsbook  like this before -  "a truly decentralised platform for peer-to-peer betting", it's very interesting, I'm interested to know how the future of your betting sites will go, hopefully it's another big success in crypto.

If it EHT DLT and will market well in the iGaming space, it will work well

Truly decentralized means no server absolutely, so it seems this alone means Kryptium is a bit different from all the other market type betting platform, but my questions remain the same as always, how do you scale when Ethereum is known not to be able to handle everything on chain? Imagine bets getting stuck for days to settle when network is really crowded? I know hard fork is coming but that's not here yet. Why not some other means to settle bets before deposits are released?

I don't think that it is a smart move to set up a casino in the Ethereum network. The smart contract is a good idea but Ethereum is too slow for an activity that needs fast reaction and minimized slack times. What is the point behind your choice of developing your online casino on Ethereum?

You’re right that Ethereum is too slow (at the moment) to support the back-end of a truly decentralized casino, however Kryptium is not a casino! Kryptium is an event-based betting platform, so there is plenty of time to bet before the start of an event and enough time to settle bets after the event ends. Events can be of any kind, such as sports, politics, e-sports or your neighbourhood’s local championship.

As to why choose Ethereum for Kryptium’s betting back-end, it’s because we want the Kryptium ecosystem to be unstoppable! Any local authority can easily block access to a centralised betting site for whatever legal or other reason. However, no authority can block the Kryptium betting ecosystem because it’s truly decentralised and it’s not on a website that can be taken down/blocked at any  time. The only way to block access to Kryptium betting houses, would be  blocking access to the whole Ethereum network 😊.

It's good that you are taking feedback seriously.

Having decentralised betting platform is great, but at this point your site in "text only". Even signed, I will not install anything just form curiosity. Make some screenshots of the UI, a short video introduction, etc.

In case you missed it, you can find screenshots of the Kryptium betting app in the section How it works – for players (https://kryptium.io/#how_it_works) of our website. Indeed, there are no videos available at the moment and your suggestion is spot on. We are already working on the scenarios and we expect to publish our first videos within the next couple of months.

That said, we can’t help noticing that the crypto/blockchain community is evolving. Although a couple of years ago people were ready to spend millions on ICOs with nice screenshots and nicely formatted white papers, after they understood that looks doesn’t equal product, they are all super careful now. Makes sense. However, we believe that being careful shouldn’t stop the community from exploring new opportunities and products. That’s right: products. Not unfounded ICO promises. The Kryptium betting platform is a ready product – yes v.1.0.0 but fully working and truly decentralised. And there is more to come!

Apart from the previously mentioned details about Kryptium, it is also important to note that Kryptium <3 privacy! Players do not have to open an account or provide Know-Your-Customer details. The only information that identifies you is the automatically produced address of your betting wallet (and even that, you can change).

Eos could be a good alternative for this sort of thing. It has lots of active games and betting based Dapps.

No need blaming op for building his stuff on ethereum afterall it is an open blockchain.

Well eos and ethereum being the top blockchain platforms those two were under high demand. In particular more tokens being on the ethereum platform supports the gamblers make use of the tokens easily. EOS has got majority of the dApps with staking access which seems to be a good way in gambling.

I don't think it's really to blame Op for choosing Ethereum, he is just as free to choose EOS like you said but then people will start blaming him for choosing an extremely centralized system where there are only a few arbitrators ;)

I think you can easily go for Waves and Stratis as old platforms, or even NEO which is gaining a lot of traction but only you may face a language disadvantage choosing Neo devs.

I have been seeing advertisements of this website all over the internet in the past 2 days.
Whatever you guys are doing for advertisement keep at it because it is definitely helping you get heard.

I don't know if its the team behind the project doing it or some other affiliates trying to get customers in but no matter who is doing it I have seen it twice on google and once on youtube and I have heard about it here first so it was empty advertisement to me but for many many other gamblers who have been around forever and haven't checked the website out yet the ads are the best way to get exposure to those people.

It also shows people how serious you guys are with the website and not just half-assing this, you are all-in on this which is another great thing that separates from millions of "here my website, go play" type noob 100€ readily made ones.

We cannot deny that Ethereum does have some limitations regarding tps performance and scaling capacity, especially if you compare it with newer blockchains. However, our decision to go with Ethereum as the “back-end” of the Kryptium betting platform was not only technology-driven:

• Ethereum has a very high number of holders of the blockchain’s crypto-currency (compared to other smart-contract-enabled blockchains)
• Most of the newer blochchains were not production-ready when we started development
• We could (and did!) develop the platform once and easily make it available to multiple “Ethereum/Solidity-compatible” blockchains
• Ethereum is supported by a considerably bigger volume of developer documentation and resources
• It also has a considerably bigger developer community.

In fact, developer-related advantages played a crucial role because, to build Kryptium, we had to go off the beaten path and use very low-level features of the blockchain to overcome its limitations. This wouldn’t be possible without access to the vast pool of experience of Ethereum’s developer ecosystem.

We do have plans for Kryptium to support additional blockchains and cryptos but it’s really too early to take such decisions at the moment.

Thank you for all that information! Of course, Ethereum has many advantages in terms of programming maturity, and even developer expertise as I also mentioned earlier. But I don't know about the scaling, which has taken so long to fix. We all remember what happened to Crypto kitties more than a year ago. And if another game was to come online and be just as popular, the old network issues would come back to haunt us.

But thanks for the info, it shows you have put a lot of thought into it. Let's see how this goes for now and good luck!

Product Update:
Kryptium app version 1.0.1 is now available for download.
If you use the Kryptium app on a blockchain network other than Ethereum, make sure that you download and install this update. It fixes a problem with resyncing when you switch between different networks.

Here is the great fun:
Kryptium allows you to deploy your own betting house and/or event data service!

For the Solidity/tech-savvy: check https://github.com/Kryptium/SmartContracts (https://github.com/Kryptium/SmartContracts).

For non-developers: The next major version of Kryptium will support easy deployment and management of your own betting houses and event data services, from inside the app! https://kryptium.io/#roadmap (https://kryptium.io/#roadmap)

Unfortunately, I've got 0 ability in coding (unless you think html is a form of coding hehe). Looks like I'll just have to wait for this major version of Kryptium to come out, I'm really curious about how to set up my own smart contract betting. One big example I can think of, is so we can all do our own pools on this forum, without having to rely on escrows. Competitions, bets, even we can ask good old Roger Ver to put his own bets for future Bcash forks.

Does that mean we will be capable of opening up our own games in the kryptium system and be part of it and get other players to come there and play with us and make money together with you guys. Or does that mean we can use the code to open our own website and own casino and use your software to do that and then win together and share it with you guys ?

Both are great options to begin with but if it was possible to use the software that you guys have and opening up the own casino website option would be much more entertaining, I know it takes a lot of advertisement and a lot of work to get yourself heard in crypto casino world but having your own casino without worrying about the software would take away so much of the trouble and make it so much more easier.

Before answering your question, we need to clarify a few things:

• The Kryptium platform does not include a “website”. There is just an app which you need to download and install on your computer to access Kryptium betting houses. It’s better than a website because authorities can block any website or even take it down. Nobody can take down an app on your computer (unless you give them administrator access :) )
• Kryptium betting houses are actually apps on the Ethereum network (smart contracts). So no servers required. Anybody is free to deploy and manage their own betting house (i.e. Ethereum app). At the moment only developers can do it (the code of the smart contracts is available on GitHub), however version 2.0 of the Kryptium betting app will include functionality to allow non-developers to do the same without requiring any special technical knowledge
• At the moment, Kryptium betting houses can only support event-based betting, such as betting on sport events, e-sports competitions, politics etc. Kryptium doesn’t support casino games such as dice or roulette. However, this is expected to change as Ethereum will be upgraded with new features that will allow faster transactions.

So, taking all the above into account, the answer is yes you can use Kryptium to open your own betting house which will be accessible via the Kryptium betting app. At the moment, your betting house can only  support event-based betting, so you will need to maintain a list of upcoming events (sports, politics, other) and post their outcomes. You will also be able to get a commission from players’ bets (you define the commission or even let them bet with 0% commission!). Eventually (but not at the moment), we will be receiving a percentage of your house's commission fees as licensing fee for using the platform. The plan is that houses with 0% commission will not have to pay any licensing fees.

In addition to the above, it is important to note that Kryptium betting houses can be deployed not only on Ethereum
but also on any Solidity-compatible network, such as Ethereum Classic, Expanse, PIRL, Callisto, Ellaism, POA and Musicoin.
The Kryptium app already supports easy switching from the default (Ethereum) to other compatible networks!

Those of you who have already downloaded the app, you will have noticed that it is pretty straightforward and user-friendly.
Nevertheless, if you need any support regarding Kryptium, you can visit our channel on Telegram https://t.me/kryptium

By the way, if you would like to test the app without using “real” ETH, you can switch from the Ethereum Mainnet to the Ropsten Testnet, get some test Ether and bet using the "Kryptium Test" betting house.
Assuming you have already installed the app, these are the steps for switching to the test network:

• Launch the app and open the “My Money” section by clicking the “coins” icon on the top right.
• Find your betting wallet address and select “copy”.
• Open a new browser window and in the address bar type https://faucet.ropsten.be. Paste your address in the input box and select “Send me test Ether”. The service will send 1 Ether to your address at no cost. You can freely use this amount for your tests.
• After the transfer is completed, return to the betting app and open the “Settings” section by clicking the “cog” icon on the top right.
• Select “Choose another network” and then click the dropdown button. From the list that will appear, select the “Ropsten” test network and click the “Change network” button.
• After the app finishes syncing, open again the “My Money” section and transfer 0.5 Ether to your betting account using the “Transfer Money” form (click to expand). Select “From: Wallet”, “To: Betting Account”, type 0.5 in the ETH input box and click “Proceed”.  Click the default buttons in the confirmation pop-ups that will appear.
• Wait for a few seconds until the transfer is complete. You can check its progress in the “My Transfers” section.

You are ready to bet on the test network!

Another thing, which is also important to understand about Kryptium, is that “event-based betting” does not only equal “sports betting”.
Kryptium can support betting on politics, e-sports, film awards, reality shows, chess or even your neighbourhood’s competition!
It’s up to the maintainers of Kryptium betting houses to decide which kinds of events they will use.
The only requirement is that the events have distinct possible outcomes (e.g. Trump/Clinton or TeamA/TeamB/TeamC).

For those of you who have downloaded the app and opened or joined one or more pool bets, keep in mind that this is just the start!
Kryptium Team is already working to add support for head-to-head bets which are planned for version 1.1.0.

Head-to-head bets will give 100% control to those who open them. You will be able to wager any stake you wish, no matter how big or small it is,
and define your own odds! And the fun doesn’t stop here. You will also be able to define any combination of possible outcomes as your winning forecast!
So, for example, for a football (soccer) match that has possible outcomes “home win”, “draw” or “away win”, a bet forecast can be any of these possible outcomes
(e.g. “home win”) or even a combination of 2 outcomes (e.g.  “draw or away win”). Or, in a horse race with 10 runners,
you could very well bet on the 3 horses that you think have the most chances to come first.

Stay tuned because head-to-head bets will also play an important role in our upcoming “bounty” campaigns!

Kryptium is now on YouTube!
Check out our first video tutorial “How to open a pool bet” and make sure that you subscribe to our channel!

https://kryptium.io/images/Tutorial-Open_pool_bet_bitcointalk_600.png (https://www.youtube.com/watch?v=ZhgeMk8-SUs)

Following our listing on State Of The Dapps (https://www.stateofthedapps.com/dapps/kryptium),
we are glad to announce that Kryptium has also been accepted on the dapps directory of SuperDapps!
You can find our entry, including screenshots and initial statistics, here: https://superdapps.com/dapp/kryptium/

This really make betting easier as I go through it.  I will do more research on how this works as I have not fully understand it.  I will click all the URLs in other to study what the pages said.  However the websites really look very genuine to me.

Our second YouTube video is out!
To start betting with Kryptium, you will first need to transfer some ether to your betting wallet and betting account.
This video shows you how.

https://kryptium.io/images/Tutorial-Prepare_for_betting_bitcointalk_600.png (https://www.youtube.com/watch?v=O1becWaF3Xk)

This really a good guide for us to learn how to use your apps, its very needed especially that this apps is new and needs to be familiar
with how things can be done especially the funds to be used and how things works.

Good luck and hope with this video tutorials new participants will use your apps and play.

The first thing that I read on your website is How It Works because this is my first time to see a betting platform. It's like we have a platform that we can use to place a bet but I don't download the apps right now, and maybe later I will try to download, installed and see what the inside of the apps is. But I hope that the apps can provide as much as information for the user so they can get another benefit from the apps itself besides they search by themselves.

I like your company name.It stands out,but why it's Kryptium with K instead of C?
Having lots of social media accounts kinda proves that you want to build trust and authority.
Good luck with this project.

Thank you davis196!
“Kryptium” is a made-up name, so I’m not sure that grammar and etymology rules apply that much :) 
“Kryptonite” also starts with a “K” and can even kill Superman!
Or, according to this link https://comicvine.gamespot.com/kryptium/4055-55835/ , Kryptium is the strongest metal on Krypton (but we found out about this, after we had picked the name!).
Anyway, we like it more with a “K”  :)

They need to be authentic and genuine so people will use their betting platform. As a beginner in this industry, they need to gain trust from these gamblers.

I commend you for working so hard towards putting up this platform however I have a couple of questions.
1. Do you have any plans of extending to game friendly blockchains like EOS and TRON?
2. We very well know Ethereum network can get clogged at times and fees can also spike in no time(as witnessed in 2017 when cryptokitties brought a lot of problems) what solutions do you have i case such a scenario comes up again?

This is what I first thought of when I saw their name. Sort of clever and is catching to the eye.
Their marketing department is a smart group of people and having it mobile makes their technical team the same.

Regarding your 1st question, as we’ve previously mentioned in this discussion, “we do have plans for Kryptium to support additional blockchains and cryptos but it’s really too early to take such decisions at the moment”. There are many important features to deliver in the coming months (e.g. launching & managing your own betting house using the app) and we need to be laser-focused in order to deliver quality results on time. If you would like to read about the reasons that led us to choose Ethereum instead of another blockchain network, you can have a look at this post: https://bitcointalk.org/index.php?topic=5099740.msg49406694#msg49406694

Coming now to Ethereum’s weaknesses, you are right, based on previous experience, it can get clogged at times. This is a known issue for Ethereum but it is also known that Ethereum developers are actively working on various solutions (Plasma, State channels, PoS) in order to fix tps and scalability issues. So, we expect that these issues will gradually fade away but, nevertheless, we are carefully monitoring Ethereum 2.0 progress.

By the way, we are also considering the usage of IPFS as additional decentralised storage for our Dapp. This could allow us to add more rich content (e.g. images) without sacrificing our truly decentralised architecture (note: when you use Kryptium, everything is happening on the blockchain, we are not running a single server!).

Following our listing on State Of The Dapps (https://www.stateofthedapps.com/dapps/kryptium),
and SuperDapps (https://superdapps.com/dapp/kryptium/), we are glad to announce
that Kryptium has also been accepted on the dapps directory of DappRadar!
You can find our entry, including screenshots, video and initial statistics, here: https://dappradar.com/app/1450/kryptium

i do agree with that kind of plan. they need to optimise their capability in a specific blockchain first before plunging to another one.
  once they are considerably confident with their system, they can always explore other blockchain. and it would be easy for them to adapt a new one.

but do you have the approximate number of registered users currently using your betting platform? curious about how many are on board already...

Before answering your question, let me first explain that when it comes to user registration/identity management, Kryptium works similarly to the Ethereum blockchain network. Players do not have to register/open an account or provide Know-Your-Customer details. The only information that identifies you is the automatically produced address of your betting wallet (and even that, you can change). So there are no “registered” users as such.
That said, instead of registered users, it is easy to track the number of active users which is also provided by the dapp directories where Kryptium is listed (StateOfTheDapps, SuperDapps, DappRadar). This number is still not significant because Kryptium was launched only a month ago and we haven’t run any paid marketing campaigns yet. All our marketing activities have been “organic” (i.e. bootstrapped  :) ) but this is soon going to change. We are currently in the process of securing pre-seed funding and once this is completed we will start using “paid” marketing tools/services to execute a series of campaigns focused on growing the Kryptium community.

How this betting platform be a community-powered one? Sorry, I'm confused how this works. Never encountered a community-driven betting platform yet.

appreciate that clear explanation and being honest that you have no significant number of active users atm
 being transparent is one way of getting loyal supporters from the community.
it would take time to establish a good reputation but it can be shattered by a small mistake.
so wishing you a good journey ahead. all the best!

You have “never encountered a community-driven betting platform yet” because we are the first to build such a game-changing platform  :)
We use the term “community-powered” to communicate that Kryptium is not yet-another online betting site but a truly decentralised platform which allows anybody to set up their own betting house or event data service! And you won’t need to set up or run a single server because everything is happening on the blockchain.

There is a small catch for the moment though: to deploy your own betting house or event data service, you would need to be fluent with deployment and management of smart contracts. If you are, you can find more information in this post: https://bitcointalk.org/index.php?topic=5099740.msg49428835#msg49428835

The next major version of the Kryptium betting app will include built-in functionality for the deployment and management of a betting house without requiring developer-level knowledge of the Ethereum blockchain.
If you find this concept interesting, there is more to read here: https://bitcointalk.org/index.php?topic=5099740.msg49453382#msg49453382

For those who have expressed concerns about Ethereum’s tps performance and scalability
as well as its suitability for Kryptium’s truly decentralised betting platform, there are some
good news after the Constantinople upgrade.
On 2nd March, Ethereum was the fastest it's ever been! 6,402 blocks and 13.35 second block times.

https://kryptium.io/images/Ethereum_Average_BlockTime_Chart_600.png (https://etherscan.io/chart/blocktime)

Yeah, that "no tech knowledge required" version would probably start to get a lot more attention, I mean people who know how to do "deploy" or whatever the developer words for it are probably like it already but for those of us who are not really wise enough in that topic this looks like a good opportunity to build up your own game and not in a scale maybe to become a huge casino but build a small game that you can play among your friends.

Think of me as someone who is looking into this and hope he can build something as small as 5 people gathering everyday during work hours and play here to have fun and basically make sure the tech behind it can support it without question, we are just that bored at work but we work at different places so we would love it when this gets to a simpler version.

Indeed the Gambling business is tormented by a huge gathering of issues and inefficient perspectives - the result, a need of trust between players, creators and organizations providers due to various go betweens, high charges and unintuitive customer experiences. There is a basic prerequisite for an overhaul of the whole online betting framework. Thankfully, this team has taken the chance to emancipate the gaming/betting industry. However, there is a team that has done so well in this regard too, they're building their blockchain for this, kindly take a look at faireum and you'll be amazed.

Thank you for your interest in Kryptium and the upcoming “launch your own betting house from inside the app” feature! 

Taking this process from the hands of developers and making it available to everybody, will indeed make Kryptium a great solution for “social” betting among friends, co-workers, members of a club etc. Note that we have plans to launch specific bounty campaigns targeted at those who want to get the most out Kryptium by launching their own betting houses. It also goes without saying that we will be providing all necessary support via our Telegram channel https://t.me/kryptium

By the way, in the coming days we will release Kryptium v. 1.1.0 which will introduce support for head-to-head bets (in addition to the currently available pool bets).
The “launch your own betting house” feature will be included in version 2.0 of the Kryptium app which we have already started working on.

Product Update

Kryptium v.1.1.0 is out with support for HEAD-TO-HEAD BETS!
For those familiar with bet exchanges, Kryptium now supports both back and lay bets
without compromises on the intuitive user experience of the app.

You can download the latest version from: https://kryptium.io/#try_it

https://kryptium.io/images/Now_with_head_to_head_bets2_600.png (https://kryptium.io)

Product Update

Hey, social networks! We’re coming to you! Kryptium v.1.2.0 enables sharing of any open bet
on Facebook or Twitter or that private Slack channel at the office!
Go to Open Bets, find your bet, click its “…” button and then “Share”!

You can download the latest version from: https://kryptium.io/#try_it

(click on the image to open the sharing URL of a real bet!)
https://kryptium.io/images/sample_share_bet_600.png (https://cloudflare-ipfs.com/ipfs/QmeUF9J4kEf944xZHvXExRFNw7TwQMFwqhmXaXMMLfgaEg)

I've noticed your betting app is available only in desktop version and for me that's not very convenient. That's because I spend most of my time on my smartphone and I usually place my bets from it and i am sure i am not the only one who does this. So, have you thought or planned to create a mobile version for your betting app? I think it will get the same interest as the desktop app.

You’ve got a point there. Developing a mobile version of the Kryptium betting app is indeed on our roadmap (https://kryptium.io/#roadmap).
In fact, we would like to have it ready a lot earlier than initially planned (early next year) but we already have a lot on our plate for the coming months
(the most important being the addition of an administration environment which will allow players to launch their own betting houses with a few clicks from within the app, without any prerequisite technical knowledge).
That said, we see our roadmap as a “living and evolving” plan, adapting to the feedback (and funding ;) ) we receive, so if we have the chance, we will surely go after an earlier date for the delivery of our mobile betting app.

It will be a good competition for them. They will make their platforms both attractive to respective players. They can always get their own audience depending on their offerings. Gambling business under blockchain technology is very attractive now for players.

We think you'll find this interesting!
The guys at Bestbitcoincasino.com wrote a review about the Kryptium betting platform.

You can find it here: https://www.bestbitcoincasino.com/review/kryptium/ (https://www.bestbitcoincasino.com/review/kryptium/)

Blockonomi.com published an interesting review of the Kryptium betting platform.
You can find it here: https://blockonomi.com/kryptium-decentralized-betting/ (https://blockonomi.com/kryptium-decentralized-betting/)

https://kryptium.io/images/kryptium_blockonomi_600.jpg (https://blockonomi.com/kryptium-decentralized-betting/)

Product Update:

Kryptium app version 1.2.2 is now available for download!
It includes various improvements for betting on non-sports events and also a new auto-update mechanism.

Get it now from: https://kryptium.io/#try_it (https://kryptium.io/#try_it)

How much does it cost to use the betting app?

Wow thats a great run for Kryptium it will bring a good games for all of u, Im just keep monitoring your site for more improvement coming in the future.


Will download it later now my internet connection is too slow
Later will add review regarding this application thank you so much!!

Edit: after downloading the application and try to install it said that not compatible to my phone hmmm

Exactly my point we know what the ethereuem blockchain faced during the last time when the ethereuem blockchain was used by gaming users which lead to the technical problem on the ETH blockchain, hope you have a more advance and different means of carrying this out without having negative effect on the network. And when can we expect the mobile version of the app as it can only be used on PC for now.

Kryptium has got a good development team, dApps getting listed on the top is not that easy. Continued development and update according to the need from the common people increase the use of dApps. Though there were more dApps into development there is very few available for betting.

Placing a bet requires the payment of a transaction fee ("gas" for the use of the Ethereum network). That is usually between $0.05 to $0.15, depending on the load of the network.
Beyond that the betting house might charge a commission on the payout or not (you can see the commission by clicking on the name of your currently selected betting house).

According to our roadmap, a mobile version of the betting app is planned for the 1st half of 2020.
However, we are currently trying to secure the necessary funding and resources to deliver it the earliest possible.

I downloaded it to my cell phone but it tells me that it is not compatible with the format, is there any additional compatibility program? Do you have a plugin that is more general and manages to run? It is not due to lack of resources of my phone, I do not know what may be happening, could help me find a solution .. Thank you very much.

I agree on my phone also it says that it is not compatible on it. There are so many applications and storage in my phone but it still says it's not compatible. I wanted to try this because I saw a lot of good feedbacks here. I hope admin will notice this matter.

As mentioned above, we don't have a mobile version of the betting app yet.
The Kryptium app is currently available for Windows, macOS and Linux.

Good to see a decentralized gambling platform. My only problem with them though is the lack of mobile version and the fact they are difficult to use. They could also slow down the blockchain as someone above me mentioned

I have stated this to several gambling site's that offer decentralized services such as the accepting bitcoin and other cryptocurrencies for a deposits, if there is a mobile version of they platform it will make it easier for users to play games in the go. Onlike others that already have a mobile version their already generate lots of users.

^If you read a reply above you dude you will know it.
I tried this because I am curious how it functions the decentralized gambling platform, and also looking for the android version but luckily I saw reply above that as of now they are not supported with app android phone. But I would like to suggest that it would be nice if they were able to apply on mobile phone which very handy and easy to access where ever you are.

This is a nice concept. Totally innovative. But I wonder if how does it work. If it is true that it is totally decentralised then who runs the system? I see that you need to improve this type of gambling idea. Most of people are much relying on their phones rather than their computers and I can see that you dont have mobile phone application.  Please do work in all kinds of device. Im very much interested to this.

Mobile versions is likely being offered by those known casinos, the sites needs to work out adding this features as gamblers usually played online, they also loves playing from their mobile devices, developers can check the effects after adding it to their business.

I have read the review where he tell some nice facts about the site and he gave it the rating of 7.9 which is good indeed. The  bonus and payout withdrawals feedbacks are also good. The only thing which is lacking is the live chat option. I hope it will be added in near future.

Sorry but it is impossible to use this platform, yesterday for the champion game there were only 2.5 $ for the victory of Aiax. Finally there is a problem with using these smart contracts, if the bet is not matched, the blockchain fee is still paid.

Indeed there are many new players who start with small amounts in order to “test the waters”. However, you don’t have to bet only on existing “open” bets. Kryptium is not a sportsbook and there is nothing stopping you from opening a new head-to-head bet for the amount and odds that you want.

As far as the blockchain fee is concerned (i.e. Ethereum’s required “gas” for the betting transactions), we’re actually talking about a few cents. The fee is not paid after we get the result of the bet, but at the time that you place the bet and it’s effectively money that goes to miners. We believe that it is a fair and rather low cost for using the blockchain and its advantages (anonymity, transparency, immediate access to funds etc.). Imagine that if you play with a 0% commission betting house, “gas” will be the only “fee” you would need to pay.

Note that, if somebody considers starting his/her own betting house using Kryptium and is concerned about gas costs, s/he could very well choose a network with near zero fees for gas (e.g. Ellaism)

From a server infrastructure point of view, Kryptium uses the Ethereum blockchain network which hosts the smart contracts, i.e. the code that provides events, registers bets and settles them.
So "the system" is actually the blockchain network. Think of Kryptium like the bittorrent protocol for betting - there is no central authority or infrastructure but all clients can communicate with each other to share files (in our case to place bets).
Now coming to the "content", i.e. the data for events and their outcomes, it has to be uploaded to the blockchain by somebody (the owner of what is called the "oracle" smart contract). However, with Kryptium being a decentralised betting platform, anybody can choose to publish and maintain their own events!

Never before, by installing an application on the PC, I had not played. Is this really a safe method? Can downloaders give information to us?

I think it is legitimate since I can see that it is truly Kryptium account. If you will click on their site you can also see "Try it." And the link to the download link is the same as the Try it button on their site.

That's cool, although I don't really know how peer-to-peer betting works, cause I haven't used any p2p betting platform before, though I do hear about them. So let me guess how it works, you put a bet against someone on the platform and the Kryptium collects a fee for the betting ,and whoever wins ,goes with the money? It's really funny how there are lots of gambling sites these days and they are just encouraging everyone to bet, while they rip us off and make money. Lol. No one should come for me, that's just what I think.

Kryptium is actually a betting platform, not a centralized sportsbook. Using the platform, people can not only bet but also launch their own betting house! In fact, in markets where traditional online sportsbooks and betting exchanges “rip you off” with high house edges and commissions, Kryptium enables the deployment of betting houses with commission as low as 0%! This is possible because you don’t have to pay for any servers or other infrastructure since all bets and settlements are happening on the blockchain. Also, Kryptium supports P2P betting, so you don’t need to spend money on finding the right odds to offer either – players decide the odds they want on their own. The only cost for maintaining a Kryptium betting house is just the blockchain network fees for publishing and updating event data on the blockchain (a few cents per transaction).

To all Kryptium friends:

Today we published a couple of events on the Ethereum network under the category "Miscellaneous" which was not properly supported before v.1.2.1 of the Kryptium betting app.
Users of such older versions might face UI bugs or even problems with opening the app.
Please make sure that you upgrade your Kryptium apps to v.1.2.2 to avoid such issues.

To make this project successful you should somehow make an off chain solution to public odds and events. Also should be an off chain platform to make previous agreement. And only then if both side got a consensus do the on chain contract. Because to run a sportsbook "house" you should constantly track markets and adjust lines "odds". Without that any smart player will rip off any house. If every odds adjustment will cost you on chain fees you can't effectively run the house (the biggest  market and lower fees the more frequent line adjustments happen "up to 70 changes per minute at close lines"). It will just cost you a lot to run a house.  It's a good idea but it need a lot of improvements to be useful.

It seems you are missing an important point here. Kryptium betting houses do not require from their owners to be market makers. A Kryptium betting house is just a smart contract that registers and settles bets using event data from a specific oracle smart contract. The platform supports peer-to-peer betting, so it’s actually the users that decide the odds, not the house. Kryptium betting houses can make money (if they wish so) by applying a commission on winnings. In fact, that’s one of the big advantages of Kryptium betting houses: their owners don’t have to worry about odds.

Honestly, I can't clearly understand how it will work so I'm trying to read few explanations by people here and this is the most interesting part in my opinion, it gives more advantage for users than the house. But then how the team would get their commission?

It works similar to betting exchanges. In a betting exchange, you can place a bet and choose both the amount and the odds you want. Then it’s up to other players to match your bet – that is, IF they agree with the odds you offered. The betting exchange takes a commission from the winnings.

Kryptium Team does not currently take any commission from other people’s Kryptium betting houses. However in version 2.0 we are planning to introduce a license fee which will be related to the profits of the betting house (the exact business model is still “under construction”). Kryptium Team will not be charging any license fee to betting houses with 0% commission.

If all this continues to sound strange, we suggest that you just download the app on your computer and give it a try. If you don’t want to spend any ETH, you can switch τo the Ropsten test network and use “test” Ether to check out how it works.

I did not know about that day and Kryptium. After looking at this post, I did a little search and I liked it, so now I started downloading Kryptium app on my laptop. Like me and any kind of betting I like it very much.

I have not heard any negative feedback about Kryptium so i guess it is a good and safe choice to play there.  The best thing which i liked most is their bonus and promotions ;)

Hi, I tried to download the application but it says it is not compatible with my software version, could you tell me if they have any compatibility package or if a specific version is needed so that it can run? And if you have to see the brand of the device, since many times that influences. I have no problems with the download only to the last step and I do not know how to do it. I sent an email to support but I have not received a response yet. I would appreciate your quick response.

IS there support of Cricket world cup betting feature in thsi . I am looking for some genuine Peer to peer betting platform for ICC cricket world Cup.

The Kryptium betting app is currently available for Windows, macOS and Linux computers (desktops/laptops).
You mentioned the word "device" which is usually used for "mobile" devices - if so, then there is currently no version of Kryptium for mobile devices. A mobile version has been planned for H1 2020.

I try installing the app on my mobile devices but it said not supported it sins you don't have mobile version of the app I will really be looking out for the mobile devices app because games are more enjoyable playing on mobile devices since we can play on the go.

Although currently available Kryptium betting houses do not provide events for the ICC cricket world cup, anybody is free to launch their own betting house and support cricket or any other type of sport/competition that they feel is under-represented on betting exchanges. What's more, the upcoming version of Kryptium (version 2.0) will allow the deployment of your own betting house from within the app, without any required technical knowledge.

Product Update:

Kryptium app version 1.3.0 is now released!

This version builds on the feedback that we received from the Kryptium community during the last months:
✅ Simplified betting transactions by using only the betting wallet
✅ Cancelled the need for betting accounts
✅ Improved support for "non-sports" events

Get it now from: https://kryptium.io/#try_it (https://kryptium.io/#try_it)

Ignore my ignorance if this is what seems to come across but, how are you capitalising from this?

Kryptium Team does not currently take any commission or get paid in any way for other people’s Kryptium betting houses. However, in version 2.0 we are planning to introduce a license fee which will be related to the profits of the betting house (the exact business model is still “under construction”). Kryptium Team will not be charging any license fee to betting houses with 0% commission.

Product Update:

Kryptium app v.1.4.2 is now released along with the latest versions of the platform’s smart contracts.

We managed to decrease blockchain fees for betting transactions and event data updates by 30%!

Download the app now from: https://kryptium.io/#try_it (https://kryptium.io/#try_it)