Although many blockchain projects have focused on many financial functions, few have concentrated on gambling. This comes as online gambling has been growing in popularity over the years. But a change is being made as ZeroEdge is expected to make a big splash.
ZeroEdge is designed to create a new system for online gambling. With this, people can start up online games that have no house edge.
ZeroEdge works as a commission-free exchange for many betting actions. It allows people to generate their own casino games online. These include both traditional casino games and online sportsbook functions.
The games produced by ZeroEdge will work with the ZeroCoin system. The ZeroCoin is produced directly off of the blockchain to produce a strong layout for games.
The Problem Being Resolved
The purpose of ZeroEdge is to produce a fair experience for people who engage in online gambling activities. There are concerns that many online gambling sites fix their house edges. This is to make the games unfair to where the house will be more likely to win money. Tens of billions of dollars are lost each year as people play on casino games with high house edges.
ZeroEdge is designed to resolve this issue. The blockchain system used by ZeroEdge ensures that people can play games without an intense house edge. A closed loop economy is used to make it happen. This is run with its own token where people can play games for “free”. The currency ensures that people can enjoy more games.
This is vital for keeping people from losing too much on casino games. Many online casinos offer house edges of up to 15 percent. The ZeroEdge system does not use any such edges, thus ensuring games are fair and realistic. This is to create a better overall experience with a game being laid out.
The Business Model
The general business model that will work through ZeroEdge is easy to follow. People will use ZeroEdge to buy the coins associated with it and use them to play casino games with zero edge. This adds a fun way for people to play well.
The games that people can enjoy include various popular choices. Some of these games require a bit of strategy. These include video poker and blackjack games. But the games in general are laid out to make it easier for people to have more fun and to play in many forms.
Rake-free poker games and tournaments can be supported through ZeroEdge. Sports betting exchanges can be set up with no commissions required. Slots, roulette and dice-oriented games are all included. The games are fully verifiable on the blockchain. Ethereum smart contracts are used to create a good layout for ensuring that games can be run well.
The excitement that comes with the ZeroEdge platform is worth noticing. It will be exciting to see how well the system is organized with a strong design. People who are interested in seeing how the ZeroEdge platform works can learn more about what makes it work at https://tokensale.zeroedge.bet.