Online gambling industry appears to have received a speck of freedom with the anonymity that the blockchain technology offers but while the initial idea behind a global decentralized payments network were cheap micro payments then, unfortunately, you can witness rather high fee rates on the majority of the blockchain networks. IOTA technology has focused on merging overall users base into users and validators all in one which results in no transaction fees with almost instant transaction processing, a perfect solution for the micro gamblers! BitDice has launched an ICO to fund their platform and you can buy tokens up until the September 15th, 2017.
IOTA Tecnhnology For Micro Bets Backed By Smart-Contracts
Smart-contracts are undeniably the bread and butter of the Ethereum blockchain popularity but while this technology is no doubt a game changer then small logistical issues which reflect in micro transactions becoming unfeasible due to the fee rates are still present. Here is where IOTA technology is going to revolutionize the market thanks to the quantum-proof protocol, named Tangle. All of you are aware how your average blockchain relies on the miners to validate and process the transactions then IOTA, instead of dividing its user base into separate parties, treats them as one. Users who send transactions on IOTA networks must also validate other transactions, which means that as this blockchain grows in popularity it will also result in much higher network security because every new user will act as a validator. Another growing positive that adds to a possible future adoption of IOTA technology is the fact that every new user will also speed up this blockchains transactions processing capability. The amount which is sent on IOTA network will always be the amount received, there are no extra fees for sending around tokens and this is a perfect solution for facilitating micro bets for the lowest of low-rollers out there.
BitDice Launches ICO To Fund IOTA Platform Implementation
BitDice is known as one of the oldest blockchain casino site that is still operating today and while they have a respective users base then they have realized how the on going appreciation of digital currencies are denying smaller gamblers with enjoying the games of chance due to rather high network fees. BitDice's initial coin offering has been active since the 15th of August and will be active until the 15th of September, 2017. There will be a total of 70,000,000 CSNO tokens sold and token holders will receive 70% of the BitDice's profits each quarter distributed automatically via Ethereum blockchain's smart-contracts. You can purchase tokens for ETH, BTC, LTC, and DOGE.