Sp8de — Revamping the Gambling Scene | A Truely Decentralized Casino
Today I am really excited to introduce to you Sp8de. One of the first things that caught my attention with this cryptocurrency is that it is in tune with what the gambling scene is in the online atmosphere already. Thing brings a huge vantage point to the game. We have all struggled at times to find that right online gambling sites that does take all your information and does who knows what with it. Credit card information, bank accounts, these leave the door open to several vulnerability hacks.
The gambling industry has been on a steady growth and with the introduction of the internet gambling only recently in the past decade has become very prominent in the online space. But there are several factors to consider when gambling online, and privacy is number one.
Enter Sp8de, while having a casino on-chain seems like a great idea it comes with it’s own set of challenges. For examples the failure to produce the amount of transaction produced on a gambling platform can seriously degrade the performance and experience of the user on the platform. Most platforms today and not capable of these large volume of transactions. Which is why Sp8de has chosen $ADA Cardano as its platform of choice. Cardano is aiming to achieve the scalabity that Sp8de is looking to achieve. And I believe they have done their research, releasing a product at a steady pace and on the platform that best suits it’s needs shows the character and dedication of the Team and the people who are contributing to making this cryptocurrency a success story.
A lot of people ask this question and Sp8de has taken the liberty to break it down and show you exactly what they are up against in terms of their competition.
As you can see many of the essentials that are needed to run a truly decentralized Gambling platform while still being competitive with transactions fees and speed has not yet been met. This is where Sp8de will succeed in its mission to truly change the way we gamble on the internet today.
There are 3 main mechanics that allow Sp8de to achieve it’s goals which go into more in dept in their Whitepaper which you can find the link below.
Close-to-absent transaction fees and Proof-of-Stake powered scalability That has not currently been met.
A mechanism to generate decentralized uniform randomness at arbitrary time-spans, this is a mission all in itself, but very achievable.
Provides Rich Smart Contract functionality
These 3 points go into much dept. as you read through the project. But essentially Sp8de will be the Casino for anyone and everyone. A space where you can trust your funds to be secured and be in a gambling environment that is safe. Fundamentally speaking the gambling market is always a market in demand. As humans we feel the need to test our luck at times, of course at times it burns our hands, but that where another huge factor plays a role, and that is “fairness” the randomness generated by the algorithm in the Sp8de Protocol will allow for a true random behavior and fairness in all the games places on the platform, another aspect that is till date missing from the traditional gambling scenes and has gone unattended due to lack of evidence. With the “immutable” Blockchain all transactions are transparent. Allowing no central authority to control any part of the Sp8de Platform.
I hope the information provided helps you in your investments. Thank you for your time and I wish the Sp8de Team the best of luck on their venture.