02 Nov 2020 Anthony Lehrman
Trustbet Enables A 100% On-Chain Casino Experience
With the rapid advancements of blockchain technology, the online casino sector has also started to take steps towards change. One of the leading casino platforms that have been reshaping the sector is Trustbet Casino, which enables playing various slots and card games completely on-chain through the implementation of smart contract.
The platform is built on DAOBet blockchain – an EOS-based native blockchain for iGaming decentralized applications. DAOBet inherits the features of EOS, such as bandwidth, performance, and smart contract execution environments.
One of the key features of Trustbet’s online casino is that the platform does not store any user funds. Instead, Trustbet enables a smart link between user wallets and the in-game smart contracts. Furthermore, smart contract APIs are open, which means that anyone can perform a real-time audit.
Source: TrustBet Main Screen
Trustbet has a vast range of games in its arsenal, including roulette, slots, blackjack, baccarat, and a 3-card brag. The company promises that there will be more games coming over the upcoming months. All games that Trustbet supports are using proven RSA signatures that enable the implementation of Signidice. Signidice is a fair and tamper-proof algorithm certified by external testing house GLI. The on-chain implementation of the algorithm helps determine the outcome of each roll and discourage any manipulation or censuring of the outcome.
Source: TrustBet Roulette
This algorithm is suitable for Ethereum-based games, in which the outcome of every round for the player depends only on random number generation (RNG) and, optionally, the number chosen by the player.
The entire casino relies on DAOBet’s native BET token for smooth and seamless operation. In order to place bets and make transactions on Trustbet casino, users don’t have to pay any transaction fees. Calculating transaction fees may be cumbersome at times, so the DAOBet platform supports a Sponsorship transaction that enables Trustbet to cover the fees on behalf of the player so each new interaction is seamless and effortless for the platform user.
Security-wise, Trustbet grants users full control of the funds in their wallets. Trustbet does not store any private keys, and purchasing BET tokens can be done via a credit card in the DAOWallet app, which is a part of the DAOPlatform ecosystem.
Singing up for Trustbet is simple. First, users have to create an account with DAOBet and purchase BET tokens, which can be done either via fiat currencies or by swapping cryptos. Once an account with DAOBet is created and funds deposited, users can directly log-in to Trustbet with their DAOBet credentials. After the registration process is complete, users will have full access to all games that Trustbet has to offer.Blockchain EOS Blockchain Application Blockchain Gaming open-source decentralization decentralized Blockchain technology