The blockchain has blessed humankind with truly decentralized platform in order to bring back fairness into the current society. One of the chain strains is Ethereum. What makes Ethereum unique to the family is the addition of smart contracts which can carry out set parameters automatically when certain criteria has been met. We are dedicating our following story to share some of the conceptional views behind how Ethereum casinos could revolutionize the crypto gambling world.
Ethereum casino can guarantee their payouts through Smart Contracts.
Here is an innovative way to approach Ethereum casinos. There is only a few dice sites that are currently being fully implemented on the Ethereum blockchain but the idea is rather simple. Smart contracts can be written out where with each deposit player and casino enters into an agreement on how the payouts will be distributed. In other words if you accumulate certain amount of wins then the payout will be automatically distributed by the Ethereum network. This would mean that the casino can never keep players funds just because they want to and that adds an extra sense of security to the gamblers.
Ethereum Smart Contracts can be programmed to limit the players.
Quite a few of casinos offer unique self-exclusion options for the players who tend to get a little bit carried away. Ethereum casino could program smart contracts to act as an self-exclusion auditor. Meaning that on top of the payouts agreement one will be written out according to players preference to limit their wagers or play time. This could help to maintain more strict bankroll management a lot easier than it is to be done with free will. Don’t get us wrong we are not saying that gamblers cannot control their impulses but rather how smart contracts could simplify this by being programmed to carry it out automatically.
Player staking via Ethereum network!
With current economical struggle and stress that has hit our society it has become hard to find noble players who tend to stick up to their word. We are not saying that players do not want to do what they promised but rather how it has become more difficult due to the pressure of every day taxes and bills that need to be settled at due dates unless you don’t mind getting disconnected from the services. With that being said staking someone over crypto network in hopes that the other party will keep their promise is more than a risky endeavor. Ethereum casino could develop smart contracts system where staker and stakee enter into an agreement while smart contract does not permit the stakee to play any other games or limits than which got set in the initial agreement. As the game or session has finished it would automatically distribute the winnings to both parties.
In conlusion to Ethereum casino benefits.
We are reminding you all that these are simply concepts behind how Ethereum casino could change current gambling market to the better and hopefully we will see some if not all of these additions brought into the every day life soon. Clearly these things are possible, it is only up to us, people, to bring it to the level that we need.