Gambling DApps: Pros and Cons
Over the past day, the number of transactions in smart contracts of gambling DApps amounted to almost 250 thousand. The total number of transactions in all decentralized applications is 2,350,000 transactions per day🔄
The numbers are growing every year ©️
❓Gambling platforms often face the issue whether it is worth developing decentralized gambling applications.
Let's discuss the advantages and disadvantages of gambling DApps for both players and operators.
➕DAPPS PROS FOR PLAYERS➕
🔸Anonymity
In DApps, gamblers play using the unique address of their crypto wallets, which do not require identity verification.
🔸Fast transactions
The absence of intermediaries allows minimizing the time for depositing and withdrawing funds. More than that, the transaction fees are lower than in traditional casinos as well.
🔸Transparency
Due to blockchain technology, everyone can get access to information regarding the game, pools, inputs and outputs.
🔻High volatility
As the cost of cryptocurrencies is fluctuating, many are discouraged by the fact that the price of winnings drops and players are left with the amount much less than they expected.
➕DAPPS PROS FOR OPERATORS➕
🔸A new kind of rewards
Accrual of rewards, a hierarchical structure of statuses and privileges allow distributing the token to the players depending on the gaming activity. The accrual of valuable bonuses allows attracting new players and keep the existing ones interested.
🔸Expanding markets
DApps get a possibility to attract players from countries where gambling is not fully permitted.
🔻Fewer games
As decentralized applications are still in the process of developing,not every online casino game developer supports the decentralized technology and can provide its games to the blockchain-based casino. Therefore, decentralized casinos usually offer fewer slots and games than traditional gambling platforms. However the situation is gradually changing for the better.
🔻Players' conservatism
Some players are not very familiar with new technologies and do not always rate them positively, preferring to only make deposits in fiat money.
Decentralized applications and platforms have many positive aspects that are already appreciated. 📊Statistics allow us to verify this.
Perhaps the Winstars gaming platforms will boost interest even among the most skeptical players✅
We'll see soon ...