Being a natural statistician due to the responsibilities of adulthood, which include earning and spending among others, I stumbled on a statistical term applied during crypto and non crypto online casino/slot games alike.
The provably fair system operates on the blockchain network with transparency, no third party authentication needed and a higher Return to player (RTP) ratio, which determines a punters chance of winning on a specific game.
Provably fair system is an algorithm that checks and verifies an online casino’s fairness towards its players. It is a way of making sure that the gambling operator is not cheating anyone and that you get a fair deal on every hand you play.
Provably fair uses three variables:
*Server seed – this variable is provided by the site.
*Client seed – this variable is given by the player’s browser and can be adjusted by them.
*Cryptographic nonce – a number that grows parallel to the bets a player makes.
The process is a bit complicated, especially for those who are not versed with bitcoins or cryptocurrencies. For more read in order to better understand this phenomenon, visit the link below.
Ever heard of the provably fair system for both non-crypto and crypto casino and slot games? If yes, how did you get to figure it out? If no, would you love to research further and apply this?
https://worldfinancialreview.com/what-does-provably-fair-mean-for-crypto-casinos/