Sp8de Bringing Fairness and Functionality to Blockchain Gambling
Sp8de - In short, blockchain usage on platforms such as Sp8de enables the creation of transparency and increased transaction efficiency, and empowering online game development that eliminates (or minimizes) third party roles. Third parties are those who are intermediaries of the transaction. These third parties are often the 'source of trouble'. With a third party, users will be charged more for each transaction made. This is a new concept and very bold.
The problems
Although blockchain technology obviously has benefits and advantages, but without any assurance that what they get from such platforms they can use (money with money) is still a serious problem that Sp8de must address.
Compare with casino offline or online casinos that still provide reward money to users, Sp8de and some other platforms have not been able to solve the problem as soon as possible when something goes wrong. Not to mention if Spa8de's partners cannot do, delay, or make users wait when they want to redeem their tokens into money.
In addition, the most common problem that occurs is the internet connection. When the internet connection down, it will obviously harm the user. Sp8de has not been able to explain in detail how they will address such the problems.
Booking transactions are very important in a distributed distribution (the root of some cost issues). Unfortunately, simple time stamping cannot be used to reach a distributed consensus by ordering transactions through a distributed peer-to- peer network. Blockchain protocols are created to provide the best solution for the problem. However, there is always extra cost in decentralization.
Conditions that make the problems worse
The times needed by the blocks to be tampered create a delay that gives negative experience for the Sp8de users. Therefore, the main problem that needs to be handled as soon as possible before Sp8de can put the platform to blockchain is the timing of transaction and payments.
Every second is priceless. Waiting is a very annoying thing, including in an online casino.In fact, the advantages of decentralized payments may not be enjoyed by Sp8de users (especially for those who transact in small amounts). For example, the current transaction fee for sending ether on the original Ethereum block is about 0.35 dollars and sometimes over 1 dollar. The fee is a literal stopper, for example few dollars bets.
Nobody will receive a gross transaction fee of 20% for bets online for 3 or 5 dollars.This problem worsens by the fact that most of today's popular blockchains rely on the profitable consensus protocol. The protocol implies that the users will soon see a situation where the player has to pay a higher transaction fee or experience a big delay in the settlement. It is also unclear how to combine these game application options with more than one party involved.
In addition, given the transaction costs on the Ethereum or Bitcoin blockchain paid to the underlying virtual currency, the actual transaction costs are directly related to the price of the currency. Spa8de must do something dealing with the problems soon so the users and investors will be more comfortable to play and join the platform.
SP8DE – Casino on Cardano
Similar to many new ICOs and blockchain projects, Sp8de aims to utilize the power of blockchain and cryptocurrency to revolutionize a specific market; in this case, casinos and gambling. However, unlike many other ICOs, Sp8de isn’t based on Ethereum. Instead, it will be based on Cardano, which, at time of writing, is the 5th largest cryptocurrency by market cap.
According to Sp8de, Cardano was chosen over other proof-of-work cryptocurrencies (e.g. Bitcoin or Ethereum) because they believe that POW coins cannot scale transaction-wise. For them, proof-of-stake is a much better option.
Ouroboros, the underlying proof-of-stake protocol beneath the Cardano blockchain, relies on generating unbiased entropy. This is extremely useful for projects like Sp8de – gambling platforms can use these randomly-generated numbers to ensure that their games are provably fair.
Sp8de is a protocol and a blockchain-based platform with features that are tailored for the growing blockchain gambling industry. Sp8de will be built on top of Ouroboros, which will equip it with the ability to generate fresh unbiased randomness for casino games. The transparent nature of the blockchain will also allow it to provide provably fair and completely decentralized games.
A New Environment
It is through Sp8de that the online Blockchain gambling space has a chance to grow as this new ecosystem has addressed the problem of slow transactions. Sp8de is a platform upon which allows casino operators to utilize feature-rich gambling applications with zero-house edge, as well a s near to zero fees.
Built on Ouroboros, the POS protocol underlying Cardano, Sp8de believes it has found the answer to the scalability issue that could dog a gambling platform like this.
Required to make thousands of transactions a second, especially microtransactions, the Ouroboros protocol is able to handle tens of thousands of transactions a second.
This new ecosystem thus provides a functioning, and fair, platform on which gambling games can be built that eliminates two of the major problems faced by the industry today.
Jackpot Airdrop
Sp8de have also taken their ICO as a chance to demonstrate the functionality, as well as their understanding of the gambling scene, by entering their contributors into a pot to win an airdrop of tokens.
Much like a lottery ticket, the contributors with more tokens have a higher chance to winning a bigger percentage of the air drop, accumulating more tokens.
Bettering the Blockchain
Blockchain technology is still such a new concept, and it requires constant work to become a killer technology that can truly disrupt different sectors.
Blockchain gambling environments exist, but they struggle with scaling, Thus, when a company such as Sp8de comes along, looking to resolve the issues, the path to Blockchain technology becomes that much easier.
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