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Why Slot Providers Should Integrate Blockchain?

Bitcoinist

Bitcoinist | Feb 15, 2020 | 13:30

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Why Slot Providers Should Integrate Blockchain?

Bitcoinist

Bitcoinist | Feb 15, 2020 | 13:30


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Online slot machines are one of the main attractions for many gamblers. While many platforms don’t fall short of creativity, they should think about implementing innovative technologies like blockchain.


Online Gamblers Would Welcome Blockchain Implementation

Slots represent one of the most popular types of gambling activities. They should be part of any self-respecting casino. Even the most experienced players often prefer to play slots rather than blackjack or roulette. The main reason for this is that the slot games are pure gambling since winning depends solely on luck rather than skills. Thus, the chances of victory for professionals and beginners are equal.

For a successful game, one doesn’t need to memorize many rules and develop sophisticated strategies. In addition, one can play slots at minimum bets.

Slots have become even more popular with the introduction of the internet and smartphones. While these innovations brought gambling to the masses, there is a technology that can ensure absolute fairness and transparency, which should be an intrinsic aspect of any gambling game. This technology is called blockchain. While its first use case is Bitcoin, blockchain has been implemented in many other sectors. The gambling industry doesn’t want to stay aloof from the technology’s unmatched benefits and some players, including Wizard Slots, are seriously thinking about implementing it or at least accept cryptocurrency payments to be in line with the latest trends.

With the implementation of blockchain, playing slots might become even more interesting, convenient and profitable. Gamblers will have more trust in the platforms that rely on a distributed ledger technology (DLT), an umbrella term that comprises blockchain.

Why Should Gambling Platform Focus on Slots?

Slots are by far one of the most popular gambling game types. According to statistics, about half of visitors to all offline and online casinos come to play slots. Thus, virtual slot machine markers must use the most advanced technologies and spend huge amounts of funds on finding original approaches to make their products even more attractive. The implementation of blockchain can be a great marketing move. But the technology may also prove useful in automating a lot of processes and ensuring a high degree of trust.

Today, online casinos offer hundreds of different models of slots, from classic to ultra-modern, with functional symbols and progressive jackpots, realistic 3D graphics and bonus rounds. What most of them are missing is the integration of advanced technologies. Sooner or later, we’ll hear more often about online gambling platforms that fully integrate blockchain.


Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.


 

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