Interesting
The online betting and gambling industry has been constantly plagued with accusations of fraud and cheating by both players and system administrators. In the United States alone, over a dozen online gaming sites have either gone bankrupt or been forcefully shut down by authorities since 2011, resulting in tens of millions of dollars in deposits that have yet to be returned to players. Despite these setbacks, the industry continues to grow, and players continue to risk depositing their funds into centrally owned and operated gaming websites.
Provably fair online gaming is badly needed. Enter Peerplays, a solution for provably fair blockchain-based gaming that allows users to design their own specialized tokens or chips, buy or sell gateway tokens for popular cryptocurrencies like Bitcoin or Ether and then wager these tokens in on-chain games.
There is no “house” in Peerplays, but instead players are matched with other users for peer-to-peer gameplay through a series of smart contracts. These contracts escrow the funds wagered by each player and then release them to the winner after specific conditions within a game are met and verified. Smart contracts are built directly into the native blockchain code rather than a virtual scripting machine, which makes transaction processing fast enough to enable millions of players to interact almost simultaneously.
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Short Description
Decentralized Tournament Management Built Entirely on the Blockchain
Impressum
Peerplays is the World’s First Decentralized
Tournament Management and Wagering Platform
Built Entirely on the Blockchain
Company Overview
Blockchain currently lead by Bunkerchain Labs Inc.
Long Description
Peerplays is the World’s First Decentralized
Tournament Management and Wagering Platform
Built Entirely on the Blockchain
Guaranteed Provably Fair Gaming
Peerplays’ provably fair gaming system is 100% open source and built directly onto the blockchain. You never have to worry about cheaters or unfair house odds, because all games take place between real players and are matched with each other through a series of on-chain smart contracts.
Fee-Backed Assets
The core tokens of Peerplays are integrated into a fee-sharing program called Fee Backed Assets or “FBA”. This means the blockchain automatically distributes a percentage of the fees from every jackpot for every game on the entire network to the holders of Peerplays core tokens.
Lightning Fast Speed & Network Capacity
Peerplays is built on Graphene, the fastest decentralized blockchain technology in the world. Graphene has been successfully tested to handle over 100,000 transactions per second with average block times of under 3 seconds.
Digital Asset Exchange
You can create your own tokens, buy and sell gateway tokens for popular cryptocurrencies like BTC and ETH, wager with price-stable SmartCoins from the BitShares platform from a growing number of reputable gateway services. You also have the opportunity to provide your own profitable gateway services for in-game assets from all your favorite RPGs.
On-Chain Games
Casino card games are adjudicated by smart contracts as part of the native blockchain code, and Peerplays’ player matching algorithm creates a trustless on-chain gaming environment. Since Graphene is incredibly fast, it allows for the broadcast and revealing of blinded proofs at the frequency necessary to facilitate real-time gameplay.
Blockchain Guaranteed Referral Program
The Peerplays blockchain automatically pays you a percentage of the revenue earned by each new account you refer for the lifetime of that account. This means you earn “kickbacks” from everyone you refer. Gaming partners can earn even more by getting all their users to sign up for a Peerplays account.
Mega-Jackpots
The Peerplays blockchain can sponsor large tournament jackpots by allocating a small percentage of every network fee into a smart contract-secured virtual account called the Mega-Jackpot Fund. Mega-Jackpot tournament events are automatically scheduled, and then funds are unlocked by the smart contract and instantly transferred to the tournament winners.
PowerUp Points
You can earn PowerUp tokens every time you play in a Peerplays tournament. They are the player rewards points of the Peerplays network, and are distributed according to win-loss records and amounts wagered, among other factors. PowerUp is the only token accepted as the buy-in fee for Mega-Jackpot tournaments, so they will be in high demand during Mega-Jackpot sign up periods. They are tradeable on the digital asset exchange.
Stakeholder Voting
Peerplays leverages the power of stakeholder voting to resolve consensus issues in a fair and democratic way. All network parameters, from fee schedules to block intervals and transaction sizes, can be fine tuned by elected delegates chosen by you and fellow stakeholders.
Gaming Partner Support
As a gaming partner, you can connect your server through the Peerplays API and take advantage of the decentralized network for processing wagers and jackpots. You can also customize tournament structures, fee schedules, and fund collection & distribution methods in order to maximize your profit potential. Whether you are a game publisher, advertiser, tournament host or vendor, if you plug into Peerplays you will gain shared access to the entire network of users while still enjoying the freedom of operating your own independent website.
Video: https://www.facebook.com/PeerPlays/videos/610582259113326/