Do the Bitcoin casinos are based on blockchain?

[nauane]

Hello everyone!

Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?

You can play gambling with bitcoin but i do not think that the casino are blockchain based. All the casino are centralized and they only use bitcoin as money to gamble, deposit and withdraw.
We are yet to see block chain based casinos which will be decentralize ofcourse.

[Yarex]

~snip~

I think that cryptography exists only as a payment. The same thing happens on the stock exchanges. You bring your bitcoins to the stock exchange, perform dozens of trading operations, but your stock wallet remains motionless.

Most gambling sites only use bitcoin as payments like those sites that are already popular in this forum. However, there are some sites that use blockchain as the basis of their gambling system even though we don't find many sites because it is less popular with other gambling sites and can even be caused by members not understanding the workings of blockchain-based gambling sites.

I think that ordinary player gambling sites do not care if the casino works on the blockchain or not. For players, it is important that they can add bitcoins to the site and easily wisdray them. Also it is important to them that the game was fair and interesting.

[MakeMoneyBtc]

Hello everyone!

Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?

Not all of them, but i think there is a crypto casino that based on blockchain, i forgot the name.

Most crypto gambling site/casino is same like the fiat one and mostly not based on blockchain. I think only the payment/currency that they use, cryptocurrency which is based on blockchain.

There are multiple casinos based on blockchain and some of them are Stake, Edgeless or True Flip but this are just a few of them which are quite popular because a lot of new ones have appeared recently. The examples I gave are casinos completely based on blockchain and they are all provably fair, meaning you can check every single bet made on their website so there is no chance someone could cheat, not even the owners of the websites since every information is available publicly for everyone.

[rdbase]

I think you are misunderstanding the concept of gambling at crypto casinos. They are not on the blockchain but the bets which happen on them are.
They are verified by seeds given for each bet. I learned this is how they validate each and every bet to be fair to the players.

[Yarex]

I think you are misunderstanding the concept of gambling at crypto casinos. They are not on the blockchain but the bets which happen on them are.
They are verified by seeds given for each bet. I learned this is how they validate each and every bet to be fair to the players.

So most people in this topic write that they don’t need blockchain to make bets. It is only needed to make payments to gambling sites and back.

[AndRey.Yak]

There are games in which the number determines the blockchain, for example, chain-bet,com or winningbet,io it is an absolutely provable solution.

[SundayLottery]

There are games in which the number determines the blockchain, for example, chain-bet,com or winningbet,io it is an absolutely provable solution.

Yes, sundaylottery..org also uses only smart contract from A to Z though it is more a lottery at the moment.
 
But many casino games are difficult or impossible to implement completely on blockchain due to its limitations.

[morrisgonzalez]

No bitcoin casinos are not based on blockchain. Bitcoin as normal as others casino it's not depends on blockchain. Blockchain is the technology of cryptocurrency, it's basically work for crypto not casino. Blockchain is a technology of cryptocurrency it's not work for casino so bitcoin casinos are not based on blockchain.

[Yarex]

You are absolutely right. I also have not seen a single casino based on the blockchain.
However, I saw holding various raffles where various souvenirs, silver and gold coins were played.
I saw how participants make a fixed bet and choose one digit out of 16 (in hex format).
When all the numbers are occupied and the contributions are paid, the presenter calls the number of the bitcoin block that will be mined in a short time. The last digit of the hash of this block determines the winner. This method of conducting draws can be adopted by the casino.

[LUCKMCFLY]

Hello everyone!

Do the casinos where we can play with cryptocurrencies are all based on blockchain, so we can control every deal, or crypto is there only as a form of payment?

In the platform that I follow, they have their algorithms based on blockchain, each game or each move it is possible to do their audit in the moment by the same player and see what was the option that should have chosen, we must also start using the Provably a lot Fair that is very legal, the good thing about Blockchain is that it is impossible to cheat or corrupt your code, I think that this is what gives confidence to the players.

[nauane]

No bitcoin casinos are not based on blockchain. Bitcoin as normal as others casino it's not depends on blockchain. Blockchain is the technology of cryptocurrency, it's basically work for crypto not casino. Blockchain is a technology of cryptocurrency it's not work for casino so bitcoin casinos are not based on blockchain.

Have you heard the idea of Decentralized Gambling ?  Currently all or most of the gambling sites are centralized but i can see we will have decentralized gambling sites in the future and then we can say that casino are based upon blockchain technology.

[Yarex]

No bitcoin casinos are not based on blockchain. Bitcoin as normal as others casino it's not depends on blockchain. Blockchain is the technology of cryptocurrency, it's basically work for crypto not casino. Blockchain is a technology of cryptocurrency it's not work for casino so bitcoin casinos are not based on blockchain.

Have you heard the idea of Decentralized Gambling ?  Currently all or most of the gambling sites are centralized but i can see we will have decentralized gambling sites in the future and then we can say that casino are based upon blockchain technology.

It seems to me that it is not advisable to do this, in gambling there is enough speed, which is developed by the processing of operations in the database. Own blockchain does not greatly change the speed of operations.

[omonuyak]

It really depends on casino sites you are talking about.  I know EOS base casino sites are completely decentralized but most of the gambling sites I have come across especially those that are been promoted here are centralized casino sites.

[steampunkz]

No bitcoin casinos are not based on blockchain. Bitcoin as normal as others casino it's not depends on blockchain. Blockchain is the technology of cryptocurrency, it's basically work for crypto not casino. Blockchain is a technology of cryptocurrency it's not work for casino so bitcoin casinos are not based on blockchain.

Have you heard the idea of Decentralized Gambling ?  Currently all or most of the gambling sites are centralized but i can see we will have decentralized gambling sites in the future and then we can say that casino are based upon blockchain technology.

Some other gambling are adapting blockchain platform, but majority i know are more on using the normal features for payment gateways like credit cards and fiat currency.

[okala]

No bitcoin casinos are not based on blockchain. Bitcoin as normal as others casino it's not depends on blockchain. Blockchain is the technology of cryptocurrency, it's basically work for crypto not casino. Blockchain is a technology of cryptocurrency it's not work for casino so bitcoin casinos are not based on blockchain.

Have you heard the idea of Decentralized Gambling ?  Currently all or most of the gambling sites are centralized but i can see we will have decentralized gambling sites in the future and then we can say that casino are based upon blockchain technology.

Some other gambling are adapting blockchain platform, but majority i know are more on using the normal features for payment gateways like credit cards and fiat currency.

You are right most gambling platforms before now use the old traditional financial method for they deposits and withdrawals, but in recent time gambling industry is now taping into the potential of the blockchain and adopting the decentralized method such as the use of bitcoin and other altcoin for they gaming operations.

[dark08]

Not all online casinos are based on blockchain but still theres a few of them are now adapting blockchain technology in their platform.
You can verify your dice bet in the seed that why onkine casino are providing fairness in the site to make player being aware that they not being cheated.

[Yarex]

it is based on blockchain and blockchain technology brings many advantages to the casinos, as the problem with some casinos is that they do not provide data such as winnings , results and payouts for public scrutiny, and it creates a problem for the gambler ….

A player according to his statistics can look at his winnings and losses, as well as the amount that he has on his balance.
Other people do not need to see this information, although the blockchain may allow them to do so.

[coinplus]

There are about three types that "blockchain" is used but they are all on different levels. One is the simple place that has crypto as a payment and that's all, most of the sportsbooks are like that because honestly there is not that many ways you can use blockchain on a sportsbook, it requires to be centralized to add and remove games and all that.

Second one is the dice games type which is basically all unrelated to bitcoin except the fact that you play with bitcoin and you deposit/withdraw bitcoin and they also have provably fair which means games are backed up by the blockchain technology which is great of course.

Third one is the decentralized casino which basically is just purely off anyone's hand and all based on blockchain of a coin in a dapp manner so its almost purely blockchain.

[Wakhid Mukti]

Bitcoin casino has not yet been developed on the blockchain technology system yet.
But just like every normal casino it is very transparent and I don't think there is a need for the blockchain technology

Yes, I also agree with that. The Blockchain technology in the casino is only used to launch the payment process (deposit and withdrawal) besides that the blockchain has not been used as a system to run casinos.

[Yarex]

Third one is the decentralized casino which basically is just purely off anyone's hand and all based on blockchain of a coin in a dapp manner so its almost purely blockchain.

During my practice, I have not yet met a decentralized casino. Could you give me a link to such a casino.
Is this something like decentralized exchanges, only there is not trading, but gambling?