Bitcoin Forum
May 22, 2024, 12:51:47 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: "Off-Blockchain model" < What's this mean in business?  (Read 1097 times)
Jamie_Boulder (OP)
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile WWW
September 14, 2014, 12:01:31 PM
 #1

Currently developing my own Casino, seeing this term being thrown around a lot - is someone able to clarify what this means? do I need to develop my own blockchain? is it possible to simply not broadcast my transactions over the blockchain? if someone could shed some light that would be great.

Thanks in advance!

byt411
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


View Profile
September 14, 2014, 12:08:30 PM
 #2

Currently developing my own Casino, seeing this term being thrown around a lot - is someone able to clarify what this means? do I need to develop my own blockchain? is it possible to simply not broadcast my transactions over the blockchain? if someone could shed some light that would be great.

Thanks in advance!

It means that your casino has a deposit/withdraw function, and the customers don't have to send a transaction every time they want to play.
Acidyo
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500


Will Bitcoin Rise Again to $60,000?


View Profile
September 14, 2014, 12:43:01 PM
 #3

Satoshi dice for instance didn't have off-blockchain model. Which meant that players sent to a specific address that gave them specific winning odds, this meant that the blockchain got a lot more spammy since everyone was sending their bets to addresses.
dbshck
Staff
Legendary
*
Offline Offline

Activity: 2440
Merit: 1616


Crypto Swap Exchange


View Profile
September 14, 2014, 02:40:23 PM
 #4

Off-blockchain: Using on site deposit and withdrawl system. Example: primedice.com
On-blockchain(on-chain): Automatic transaction, don't need to withdrawl manually. Example: luckyb.it directbet.eu

█▀▀▀











█▄▄▄
▀▀▀▀▀▀▀▀▀▀▀
e
▄▄▄▄▄▄▄▄▄▄▄
█████████████
████████████▄███
██▐███████▄█████▀
█████████▄████▀
███▐████▄███▀
████▐██████▀
█████▀█████
███████████▄
████████████▄
██▄█████▀█████▄
▄█████████▀█████▀
███████████▀██▀
████▀█████████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
c.h.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀█











▄▄▄█
▄██████▄▄▄
█████████████▄▄
███████████████
███████████████
███████████████
███████████████
███░░█████████
███▌▐█████████
█████████████
███████████▀
██████████▀
████████▀
▀██▀▀
lyth0s
Legendary
*
Offline Offline

Activity: 1260
Merit: 1000


World Class Cryptonaire


View Profile
September 15, 2014, 08:23:19 AM
 #5

The advantage of having an off-blockchain system is that your users don't have to cover the transaction cost of 0.0001 Bitcoins in each bet, thus they can make micro-bets like 0.00000001 BTC without being penalized. If you're building a casino look into "provably fair" otherwise you won't get any business.

Monero - Truly Anonymous Digital Cash. Bitcoin Reading List 2017
Coef
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1000


Exhausted


View Profile
September 15, 2014, 04:21:21 PM
 #6

The advantage of having an off-blockchain system is that your users don't have to cover the transaction cost of 0.0001 Bitcoins in each bet, thus they can make micro-bets like 0.00000001 BTC without being penalized. If you're building a casino look into "provably fair" otherwise you won't get any business.

I can see that there are a few sites (such as SD and LB) still  doing on-chain gambling, so there must be some sort of benefits for it, right?
Can anybody share some ideas?

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!