Do the Bitcoin casinos are based on blockchain?

[beerlover]

Decentralized casinos do exists, they are the dapp versions rooted from certain coins, right now the most known one is eosbet which is a decentralized casino and right now they basically have dice only (they have crash and baccarat too but I really think dice is what draws people to their website). It is not a "casino" perse but they are really getting there.

There are other examples too if you check the dapp world and see but they are basically the same except couple of trust issues removed, after all if you trust your dice website than decentralized is not really important, for example I trust primedice enough that its basically as trustworthy as decentralized for me, same with stake too. So all in all it all depends on what you are looking for but they do exist out there if you look for it or at least google it.

[romero121]

Decentralized casinos do exists, they are the dapp versions rooted from certain coins, right now the most known one is eosbet which is a decentralized casino and right now they basically have dice only (they have crash and baccarat too but I really think dice is what draws people to their website). It is not a "casino" perse but they are really getting there.

There are other examples too if you check the dapp world and see but they are basically the same except couple of trust issues removed, after all if you trust your dice website than decentralized is not really important, for example I trust primedice enough that its basically as trustworthy as decentralized for me, same with stake too. So all in all it all depends on what you are looking for but they do exist out there if you look for it or at least google it.

Recent days in the gambling network we haven't got much of dApps. Eosbet is the one that function on the blockchain platform while most of the gambling websites we use now were much into the centralized service with cryptocurrency acceptance. Blockchain into gambling is a complicated process which is quite hard to develop without flaws.

Most lottery with cryptocurrency acceptance marked its entry and those were promoted with the smart contracts network as the lottery service render itself had their own ERC-20 token. As gambling doesn't require more of regulation same as that of the exchange services we can expect the future of casinos to be fully on blockchain to enrich effective functioning.

[jak3]

I guess not some are based on blockchain but not most of them. all these casino's who accept crypto payments or deal with cryptocurrencies are just some numbers there they are not actually betting with bitcoin but when you withdraw they give you btc according to the number you achieved just like how banks do it. Casino's can not control the bet amounts as they are fixed even before you want to play so that's how you can verify if they are cheating or not. and no they do not cheat because they don't need to. you are playing with them and they have the much higher bankroll to handle big losses which you can not.

[raven7886]

I think that is the explanation of what centralized crypto gambling is. I mean if you just deposit your money into a casino and then you just play there the way you want it doesn't have to be bitcoin that you are playing with, it could be basically a number that represents how much bitcoin you have and win/lose that is it.

It doesn't really change much in the gamblers hand because you end up with more or less bitcoin according to what you win or lose but in the end there are no transactions going around in the background involving your money. Its not like early satoshidice days where you literally have to send money and if you win they sent you back and so forth. That is what decentralized casinos are trying to bring back to remove the central ownership of the casinos.

[Oceat]

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?

Haven't you met a casino that requires you to verify the KYC process? For me, if there is a KYC in a casino i already think that it is a centralized casino which is someone is controlling the casino. Although the KYC process to some casino requires only if you met a certain level of verification like depositing/withdrawing a large amount of crypto/fiat.

[Yarex]

I think that is the explanation of what centralized crypto gambling is. I mean if you just deposit your money into a casino and then you just play there the way you want it doesn't have to be bitcoin that you are playing with, it could be basically a number that represents how much bitcoin you have and win/lose that is it.

It doesn't really change much in the gamblers hand because you end up with more or less bitcoin according to what you win or lose but in the end there are no transactions going around in the background involving your money. Its not like early satoshidice days where you literally have to send money and if you win they sent you back and so forth. That is what decentralized casinos are trying to bring back to remove the central ownership of the casinos.

People are interested in whether there are gambling sites where the game is not based on databases and numbers, but on the basis of the Bitcoin blockchain. However, I do not see the point. If you play games on the blockchain itself, you will need to pay transaction costs, and this is expensive.

[shoreno]

-snip-

People are interested in whether there are gambling sites where the game is not based on databases and numbers, but on the basis of the Bitcoin blockchain. However, I do not see the point. If you play games on the blockchain itself, you will need to pay transaction costs, and this is expensive.

i think not all crypto related gambling sites are blockchain based  . some gambling sites accept cryptocurrency as payment and you will still need to pay for the transaction fees before you send your funds into your gambling account  and the fees will not always be expensive but it also depend on the price of cryptocurrencies  . i think blockchain based casinos are more fair   .

[etherclassic]

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?

Well for today i don't play gambling games of casino based on the blockchain technology in cryptocurrencies because my service of gambling games based on the blockchain they still don't give games casino gambling based on the blockchain technology (casino dapps) for today i just played gambling dice game based on the blockchain technology and i used Tron coins as payment method and wagered because it is decentralize application dapps gambling games which was built on Tron blockchain technology.

[Yarex]

-snip-

People are interested in whether there are gambling sites where the game is not based on databases and numbers, but on the basis of the Bitcoin blockchain. However, I do not see the point. If you play games on the blockchain itself, you will need to pay transaction costs, and this is expensive.

i think not all crypto related gambling sites are blockchain based  . some gambling sites accept cryptocurrency as payment and you will still need to pay for the transaction fees before you send your funds into your gambling account  and the fees will not always be expensive but it also depend on the price of cryptocurrencies  . i think blockchain based casinos are more fair   .

I see no reason to create a casino based on the blockchain for betting.
Using cryptocurrencies to make payments is an excellent solution, but for direct betting, this is an excessive waste of commission fees. Much better to organize everything based on the database.