SP8DE — The first platform for future in application development Distributed Casino
Introducing SP8DE
Why Online gambling ?
In the European Union the online gambling industry grew nearly 19% from the first half of 2015 until the first half of 2016. The casino industry in particular generated over US$2 billion in revenues during this period. It is
expected that until 2020 this number will reach US$2.25 billion per year representing about 12.5% revenue growth
expected that until 2020 this number will reach US$2.25 billion per year representing about 12.5% revenue growth
[1]. In the US for the period 2015 until 2016 online casino revenues increased by 24.4% and are expected to reach US$4 billion by 2020
[2]. The EU and the US are just a small part of the worldwide casino industry.
Globally, the projections of the online casino show that for the period 2017–2025 the market will experience growth of about 130% reaching US$97 billion with cumulative annual growth rate of nearly 11%. Currently over
6 million adults are officially participating in gambling activities around the world with projections of reaching 10 million by 2020
Globally, the projections of the online casino show that for the period 2017–2025 the market will experience growth of about 130% reaching US$97 billion with cumulative annual growth rate of nearly 11%. Currently over
6 million adults are officially participating in gambling activities around the world with projections of reaching 10 million by 2020
[3].Since inception, the blockchain technology was the subject of close attention by gambling enthusiasts. Recent news from The Merkle
[4] show how popular online Bitcoin betting has become. In aggregate the wagers put on online Bitcoin casinos in February 2017 have reached nearly 3 Bitcoin per minute. The price of Bitcoin at the end of February was about US$1,200 while now it is US$5,900 (approximately 292% growth) which means that as of today almost US$715 million worth of Bitcoin was gambled in February alone
What is SP8DE?
Sp8de is a protocol for blockchain-based platform with multiple features that are essential for the growing blockchain gambling industry and whose solid implementation is lacking in any of the currently existing projects in this space.
Feeling lazy to read ?? just enjoy the video :) :
The Mechanics of Spade (Whitepaper)
Build Spade on top of the blockchain called Cardano.The Cardano project itself is a monumental work that embraced the best practices and most far reaching innovations in the area of cryptocurrencies and packed them into a single state-of-art system.
In what follows we will illustrate how Spade provides an environment for the design of gambling applications
which are characterized with:
1. Close-to-absent transaction fees and Proof-of-Stake powered scalability that is beyond the reach of any
other on-chain casino protocol currently in existence;
2. A mechanism to generate decentralized provably uniform randomness at arbitrary time-spans;
Contents SP8DE
3. Provides rich Smart Contract functionality that allows for creativity in game design that is bounded solely by the fantasy of the developer (and the demand for the resulting product, of course);
As we have mentioned multiple times before, fairness of the outcome is essential for gambling, it is the core.
Spade utilizes Cardano to design its ecosystem and thereby solves the problems normally associated with the
on-chain casinos described above.
1. Transaction fees and scalability:Ouroboros is a Proof-of-Stake protocol, meaning that at any given time,
a trusted set of nodes maintain the integrity of the system. This protocol was shown in an experimental
setting to be resistant to a handful of attacks that are known to plague other systems and are directly
relevant to gambling protocols.
2. Random number generation:finally, and, arguably, most importantly, Ouroboros, the POS protocol
underlying Cardano blockchain in its workings fully relies upon generating unbiased (i.e. uniformly
distributed) entropy. The beauty of the idea is that the blockchain itself serves as a broadcast channel:
the uniform randomness is generated on-chain! In layman terms, this means that Ouroboros:
a. Generates provablyrandom numbers;
b. Guaranteesthat everyonewill get them. Unchanged.
In what follows we will illustrate how Spade provides an environment for the design of gambling applications
which are characterized with:
1. Close-to-absent transaction fees and Proof-of-Stake powered scalability that is beyond the reach of any
other on-chain casino protocol currently in existence;
2. A mechanism to generate decentralized provably uniform randomness at arbitrary time-spans;
Contents SP8DE
3. Provides rich Smart Contract functionality that allows for creativity in game design that is bounded solely by the fantasy of the developer (and the demand for the resulting product, of course);
As we have mentioned multiple times before, fairness of the outcome is essential for gambling, it is the core.
Spade utilizes Cardano to design its ecosystem and thereby solves the problems normally associated with the
on-chain casinos described above.
1. Transaction fees and scalability:Ouroboros is a Proof-of-Stake protocol, meaning that at any given time,
a trusted set of nodes maintain the integrity of the system. This protocol was shown in an experimental
setting to be resistant to a handful of attacks that are known to plague other systems and are directly
relevant to gambling protocols.
2. Random number generation:finally, and, arguably, most importantly, Ouroboros, the POS protocol
underlying Cardano blockchain in its workings fully relies upon generating unbiased (i.e. uniformly
distributed) entropy. The beauty of the idea is that the blockchain itself serves as a broadcast channel:
the uniform randomness is generated on-chain! In layman terms, this means that Ouroboros:
a. Generates provablyrandom numbers;
b. Guaranteesthat everyonewill get them. Unchanged.
We will touch upon the topic of randomness again in the technical part below.
Apart from providing elegant solutions to the existential problems of on-chain casino protocols, Cardano is a
fit-for-purpose for solving several less critical issues:
3. Flexible and finance application-tailored scripting language:Cardano is designed by the masters of code
and is set to follow best practices; its scripting language is tailored for financial applications: security and
execution can be “extremely well understood”. Any language suited for finance is the natural candidate
for casino development: the underlying logic (at least from the programming viewpoint) of these two
domains is similar.
Apart from providing elegant solutions to the existential problems of on-chain casino protocols, Cardano is a
fit-for-purpose for solving several less critical issues:
3. Flexible and finance application-tailored scripting language:Cardano is designed by the masters of code
and is set to follow best practices; its scripting language is tailored for financial applications: security and
execution can be “extremely well understood”. Any language suited for finance is the natural candidate
for casino development: the underlying logic (at least from the programming viewpoint) of these two
domains is similar.
RROAD MAP
More Info :
- Website : https://sp8de.com/
- Whitepaper : https://sp8de.com/sp8de_white_paper.pdf
- Telegram : https://t.me/joinchat/B-YJaQ_ULpPKAzPHFPUa-Q
Author: Mario222
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