Home Casino Software Development Provably Fair Games
Provably Fair Games: How They Are Redefining the iGaming Experience
The recent advancements in technology, like blockchain technology, have led to major transformations in the iGaming industry. This technology has made it possible to create a more decentralized system with the arrival of Provably Fair Games. Using cryptographic technology, these games guarantee fairness and transparency of the outcome.
Looking at its growing popularity among online players, operators are opting to integrate provably fair gaming systems into their platforms. Let’s discuss further about provably fair games in the blog below.
Table of Contents
Smarter Player Management: Power Your Casino with Next-Gen PAM Technology
What are Provably Fair Games?
Provably Fair Games are built on blockchain technology ensuring players’ fairness in the games by allowing them to verify the outcomes. This eliminates the fear among the players of getting cheated by the operators as it uses blockchain technology to shuffle and verify odds.
Provably fair casino games generally include games where chances of winning are in probable ratios, such as roulette, slots, dice, keno, crash, etc. The games use three variables:
- Server seed: Provided by the casino before the games start.
- Client seed: Provided to the players by the browser they’re playing on.
- Nonce: A variable increases with each game to ensure a unique input.
After combining the three, the game generates random outcomes, which are later verified to ensure fairness.
Provably Fair Games Vs. Traditional Casino Games
Provably fair games differ from traditional casino games mainly in terms of how results are generated and verified.
1. Technology
A Provably Fair Casino Game Development Company uses blockchain technology and crypto-based algorithms where the results are stored in the hash and can later be accessed to verify the result of the game. On the other hand, traditional casino games are designed with random number generators (RNG) technology, which doesn’t allow for the verification of results.
2. Third-Party Dependency
The algorithm and blockchain used in provably fair games store the results, which makes it a public ledger. It is self-verifiable, which reduces the dependency on third-party companies. Conversely, traditional casino games heavily rely on third parties to ensure fairness. They do not allow their players to personally verify the results.
3. Transparency and Trust
Provably fair casino games have a system of cryptographic verification. It allows players to check the fairness of the game’s result at the end. This ensures transparency and builds trust among the players. Whereas, in traditional casino games, players have no choice but to trust the operators to maintain fairness.
4. Financial Transactions
Provably fair games often use cryptocurrencies like Bitcoin for secure and borderless transactions. Players can deposit and withdraw money with minimal platform fees. At the same time, traditional casino games deal in fiat currencies like USD, Euros, etc, for transactions usually through bank transfers, e-wallets, etc. Players face delays in transactions and can be charged high processing fees for foreign transactions.
Brazil’s Best: Top Casino Game Development Companies Leading the iGaming Revolution
White Label Vs. Custom Casino Software Solution
Wondering when to choose white label over custom software or vice versa? Although the end product of both services is casino software, there are numerous differences between a white label and custom casino software solution.
1. Impact of Provably Fair Games
The emergence of provably fair games has completely reshaped the online gambling scenario for both the players and operators.
2. Rise in Players’ Confidence
As the technology allows players to personally verify the fairness of each game’s outcome, they no longer have to trust the operators blindly. Such transparency boosts confidence and encourages more participation. Moreover, this also helps the operators and provably fair casino game providers build a loyal customer base.
3. Accessible to Global Audience
Since provably fair games are integrated with a crypto wallet, it eliminates the need for local currencies. It allows players from every corner of the world to enjoy the games, regardless of their nationality. This promotes borderless gaming. Players only need access to the internet and a crypto wallet to continue.
4. Elimination of Fraud and Rigging
Cyber fraud, Rigging games, and manipulation of odds are some major issues in the traditional online casinos. Since provably fair casino games allow players to personally verify the outcomes, it eliminates the fear of rigged games and unfair advantages from operators. Hence, it gives players confidence and encourages them to participate frequently.
5. Stronger privacy and security
Provably fair games deal in cryptocurrency payments, where players don’t have to share their banking details with the operators. This helps in keeping the player’s identity anonymous. As all the transaction data is secured by blockchain, it has minimized the risk of cyber fraud and made it a safer space for players to gamble.
Fugaso Reigns Supreme: The #1 Choice for Casino Games Worldwide
Why Provably Fair Games are Popular?
Provable fair games are gaining popularity because they offer more benefits than traditional casino games. Below are some of the key advantages that explain the reasons behind its popularity:
1. Acceptance Rate
Minimum bet requirement is one of the most appealing features offered by provable fair games. Players can start betting with as little as $5, which makes it highly accessible. There is no fixed limit that provides players the flexibility to bet and enjoy the games without any pressure.
2. In-Game Features
A provably fair casino provides all the features that are offered by any mainstream casino. This includes free spins, promotions, loyalty rewards, sign-up bonuses, instant cashbacks, and many more. Players get a similar gameplay experience and all the perks of a classic casino.
3. Game quality and design
Design and themes can vary by providers and casino game aggregators, but most provable fair games feature high-quality graphics, immersive audio, and intuitive UI, even on a budget. To compete with the traditional casinos, many leading game developers are investing in delivering high-quality themed slots, card games, etc.
4. High-End Privacy
Many countries have strict gambling laws. This makes it difficult for players to gamble, deposit, and withdraw money. Provable fair games support cryptocurrency transactions that ensure the player’s anonymity. It allows players from different countries to participate without risking personal information.
Revolutionize Your iGaming Operations with Our All-in-One Casino Management System
Conclusion
Provably Fair games reflect the new shift of trends in the iGaming industry that has decentralized the traditional online casino structure. The use of blockchain technology and cryptographic elements has introduced a new level of transparency and trust. Players can verify the fairness of each outcome, which gives them an empowering gaming experience. Thus, its adoption is an ideal way for you to ensure your platform has a competitive edge over others in the market.
However, to equip your iGaming platform with provably fair casino games, you are advised to partner with a trustworthy partner. This is where contacting TRUEiGTECH comes in handy. We are home to some of the most highly skilled professionals in the industry. In fact, our team strives to understand your requirements and provide you with the best provably fair casino solutions you need. So, you need not think twice, contact us today!
Written by: Prish K
Prish K, Head of Marketing at TRUEiGTECH, holds an experience of more than 10 years in the iGaming domain. Starting from strategic planning and digital marketing to team leadership and cross-functional collaboration, he is a master of his domains. For more than a decade, he has shown a promising commitment to fostering result-driven and creative work outputs. Beyond guiding newcomers and established iGaming operators with the right software solutions for their business needs, Prish also wants to share his industry expertise and knowledge through insightful blogs and articles
