Bitcoin gambling is actually a large online dice betting platform with a robust technology that help bettor to verify the integrity of the game played it also operate digital currency as a means of payment for the game known as "bitcoin" . As you continue to read this article you will understand what and how this gambling game works.
WHAT IS DICE GAME ?
Bitcoin Dice gamblimg game is a famous game with millions of dollars worth of bitcoin bets every month on the internet which allow bettor to toll virtual dice with provable odds. Before you can play this game you will have to register an account with any bitcoin gambling powered websites that use provalble fair system for you to verify the validity of what you have play, after registration you have to load your account with bitcoin digital currency for you to start betting. This digital currency is easy to load and use. Most bitcoin Dice games have a house edge of 1% to 2% anything above this means you will win little – or lose all.
Bitcoin dice gambling and other virtual dice gambling allow bets from players in which any player that won will go away with bitcoin digital currency as a reward which can be converted to government currencies like dollar pounds and so on. If you observe some of the gambling game, you will notice that player can lose easily beacause of the manipulation of their systems for player to loose.That is why players feel been cheated. In online dice gambling. To avoid been cheated on, a slution was provided through the new sysem called "provably fair".
WHAT IS PROVABLY FAIR ?
Provably fair is system that enables player to verify their result.
HOW DOES IT WORK ?
There are several implementations of "provably fair" system. This technology use 3 main variables to calculate each dice roll result. The following are the variable used by provably fair for verification calculations :
1. Client-seed
2. Server-seed
3. Nonce
Client-seed : this is generated by your browser and adjustment can be made to client-seed by the player.
Server-seed : this is random strings generated by the server.
Nonce : is the number of bets made with seed pair which is used to generate a provably fair roll number ranging from integer 0-99.99.
Hashes: are strings of characters generated from other data (encrypted datas)
Seeds : are also strings of characters applied to the hash in other to make changes to what it hashes.n let me use Primedice provide a system of verification that allow player / clients to confirm every roll to verify that they are not manipulated. Provably fair random numbers are generated through two seed known as server-seed and client-seed. Server-seed is created by the server before client-seed is generated and after it has been created can not be altered by anyone. Cryptography approach is used for provably fair implementation, is a specialised form of security system put in place to store and to transmit data in a particular form so that only those whom is meant for can see, read and perform operations on it. It is also a method of encrypting and decrypting data for security reason. This culture has been imbibe into dice game through provably fair system for data and verification integrity.
Note: the first bet start nonce from digit 0, the number of nonce will increase by 1 according to the numbers of bets. Before you start your game, the server will produce the encrypted (hash) version of server-seed which can not be changed by the site, and it can only be used only when you get the Unhashed Server-seed, then you can use it to calculate your roll results.
HOW TO CALCULATE ROLL RESULT
To create a roll number, both client-seed and Server-seed are combined with the following formular;
HMAC-SHA12 ( server-seed, Client-seed-nonce )
To calculate the role number from resulting HMAC output, the first 5 characters are taken and interpreted or converted to an integer. There are various online tools that can calculate this for you like,
1. Xorbin.com/tools/sha255-hash-calculator
2. Hash.online-convert.com/sha1-generator
3.Sha1-hash -online.waraxe.us among others.
To check how it's done in practice visit Bitcoin Gambling
IS BITCOIN DICE GAMBLING LEGAL ?
I will say yes, dice game is a kind of gambling game which is guided by the organizer terms, condition and rules governing each play. The rules and regulation of bitcoin dice gambling game is similar to all other gambling games like casino and others. All gambling websites or organizers have their own terms and conditions of game which must not be violated to avoid penalty. It is also legal because their is exchange of digital currency as a means of reward. That it is treated as commodity with exchange of money which is legal as a form of business, it is only illegal where gambling games are not allowed. Although there are regulation challenges in some countries like the United State. In 2006 the US Justice Department announced the Unlawful Internet Gaming Enforcement Act which has made bitcoin digital currency difficult to convert to the national currency. Some of the US bank do not recongnise bitcoin as a currency due to government regulations. Despite the threat pose to the game and its currency some states like Delaware, New Jersey among others allow online gambline which has give room for bitcoin gambling as a legal gambling game.
Bitcoin gambling have attract tremendous attention to itself which the use of cryptocurrency which was introduced by Satoshi. All winners of the game are paid by the digital currency (bitcoin) which can be converted to real currency in some countries. There is so tremendous development, where a sytem was developed to erradicate cheating method used on the players by some gambling games with the use of "provably fair " implementation. With this sytem player can verify the validity of the game they played. All these achievements attract pool of players to gambling game they can trust.
WHAT IS DICE GAME ?
Bitcoin Dice gamblimg game is a famous game with millions of dollars worth of bitcoin bets every month on the internet which allow bettor to toll virtual dice with provable odds. Before you can play this game you will have to register an account with any bitcoin gambling powered websites that use provalble fair system for you to verify the validity of what you have play, after registration you have to load your account with bitcoin digital currency for you to start betting. This digital currency is easy to load and use. Most bitcoin Dice games have a house edge of 1% to 2% anything above this means you will win little – or lose all.
Bitcoin dice gambling and other virtual dice gambling allow bets from players in which any player that won will go away with bitcoin digital currency as a reward which can be converted to government currencies like dollar pounds and so on. If you observe some of the gambling game, you will notice that player can lose easily beacause of the manipulation of their systems for player to loose.That is why players feel been cheated. In online dice gambling. To avoid been cheated on, a slution was provided through the new sysem called "provably fair".
WHAT IS PROVABLY FAIR ?
Provably fair is system that enables player to verify their result.
HOW DOES IT WORK ?
There are several implementations of "provably fair" system. This technology use 3 main variables to calculate each dice roll result. The following are the variable used by provably fair for verification calculations :
1. Client-seed
2. Server-seed
3. Nonce
Client-seed : this is generated by your browser and adjustment can be made to client-seed by the player.
Server-seed : this is random strings generated by the server.
Nonce : is the number of bets made with seed pair which is used to generate a provably fair roll number ranging from integer 0-99.99.
Hashes: are strings of characters generated from other data (encrypted datas)
Seeds : are also strings of characters applied to the hash in other to make changes to what it hashes.n let me use Primedice provide a system of verification that allow player / clients to confirm every roll to verify that they are not manipulated. Provably fair random numbers are generated through two seed known as server-seed and client-seed. Server-seed is created by the server before client-seed is generated and after it has been created can not be altered by anyone. Cryptography approach is used for provably fair implementation, is a specialised form of security system put in place to store and to transmit data in a particular form so that only those whom is meant for can see, read and perform operations on it. It is also a method of encrypting and decrypting data for security reason. This culture has been imbibe into dice game through provably fair system for data and verification integrity.
Note: the first bet start nonce from digit 0, the number of nonce will increase by 1 according to the numbers of bets. Before you start your game, the server will produce the encrypted (hash) version of server-seed which can not be changed by the site, and it can only be used only when you get the Unhashed Server-seed, then you can use it to calculate your roll results.
HOW TO CALCULATE ROLL RESULT
To create a roll number, both client-seed and Server-seed are combined with the following formular;
HMAC-SHA12 ( server-seed, Client-seed-nonce )
To calculate the role number from resulting HMAC output, the first 5 characters are taken and interpreted or converted to an integer. There are various online tools that can calculate this for you like,
1. Xorbin.com/tools/sha255-hash-calculator
2. Hash.online-convert.com/sha1-generator
3.Sha1-hash -online.waraxe.us among others.
To check how it's done in practice visit Bitcoin Gambling
IS BITCOIN DICE GAMBLING LEGAL ?
I will say yes, dice game is a kind of gambling game which is guided by the organizer terms, condition and rules governing each play. The rules and regulation of bitcoin dice gambling game is similar to all other gambling games like casino and others. All gambling websites or organizers have their own terms and conditions of game which must not be violated to avoid penalty. It is also legal because their is exchange of digital currency as a means of reward. That it is treated as commodity with exchange of money which is legal as a form of business, it is only illegal where gambling games are not allowed. Although there are regulation challenges in some countries like the United State. In 2006 the US Justice Department announced the Unlawful Internet Gaming Enforcement Act which has made bitcoin digital currency difficult to convert to the national currency. Some of the US bank do not recongnise bitcoin as a currency due to government regulations. Despite the threat pose to the game and its currency some states like Delaware, New Jersey among others allow online gambline which has give room for bitcoin gambling as a legal gambling game.
Bitcoin gambling have attract tremendous attention to itself which the use of cryptocurrency which was introduced by Satoshi. All winners of the game are paid by the digital currency (bitcoin) which can be converted to real currency in some countries. There is so tremendous development, where a sytem was developed to erradicate cheating method used on the players by some gambling games with the use of "provably fair " implementation. With this sytem player can verify the validity of the game they played. All these achievements attract pool of players to gambling game they can trust.