About Provably Fair Technology Bitcoin Casinos

September 4, 2014 by

Provably Fair TechnologyBetChain has recently announced that they have put provably fair technology in place to ensure their players have (and know that they have) a fair chance of winning at their establishment, but what does this mean, exactly? Basically, this technology allows players the opportunity to verify whether the results of each and every bet are indeed fair and random.

It is just about impossible for players or the casino itself to cheat with provably fair technology installed and it works very simply. These systems make use of cryptographic hash functions that convert data into strings, which are called hashes. What these hashes do is allow a casino to prove that the seed didn’t alter throughout the game and the casino doesn’t have to show the actual seed to the player in order to prove this.

Results of various games are calculated differently, and furthermore, Bitcoin casinos are able to make use of unique calculations, but one thing remains the same; provably fair technology enables players to verify each spin or hand. There are certain dice games that make use of a daily secret instead of a server seed. This remains a secret to the player when the dice is rolled and it is utilized for each and every roll that is made throughout a day.

Provable Fair technology is proving that players can get involved in determining whether a casino is really fair and trustworthy and it is about time that it becomes a reality.

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