Kryptium - A truly decentralised, community-powered betting platform

[jzarifis]

Hello World! Meet Kryptium, 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

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

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

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

[alexrossi]

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?

[mindrust]

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?

[ykaralis]

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?

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.

[jzarifis]

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?

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

[ykaralis]

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!

[Supercrypt]

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.

[masterzino]

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?

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.

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.

[ykaralis]

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.

[ykaralis]

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?

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.

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.

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.  

[Caladonian]

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.

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.

[stadus]

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?

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

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.

[Bitcoin Marketing]

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

[slaman29]

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?

[Naida_BR]

Hello World! Meet Kryptium, 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

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

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

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

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?

[ykaralis]

Hello World! Meet Kryptium, 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

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

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

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

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 😊.

[masterzino]

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?

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.

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.

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.   

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.

[ykaralis]

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?

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.

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.

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.   

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 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!

[gchristidis]

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).

[Ucy]

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.