Kryptium - A truly decentralised, community-powered betting platform

[romero121]

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.

[slaman29]

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.

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.

[el kaka22]

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.

[ykaralis]

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.

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.

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.

[slaman29]

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.

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.

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!

[ykaralis]

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.

[jzarifis]

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.

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

[slaman29]

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.

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

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.

[beerlover]

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.

[ykaralis]

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.

[jzarifis]

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!

[ykaralis]

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

[gchristidis]

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!

[ykaralis]

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).

[jzarifis]

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!

[jzarifis]

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!

[gchristidis]

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/

[Idrisu]

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!

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.

[jzarifis]

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.

[Caladonian]

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.

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.