A Decentralized Casino Application from Sp8de Platform
Sp8de (Spade) is a blockchain-based platform for developing distributed gambling applications. As a platform for gambling applications with self-respect, Spade is equipped with the protocol for generating fresh public randomness. As a team with some aspirations, the spade team has it provably fair and completely decentralized. Spade feel that it is important to be true to the spirit of the venture has embark upon: if blockchain is the universal and undisputed source of truth then it should also be the broadcast channel for randomness. Spade think that single points of failure should be perceived by anyone as just a relic of the past.
BLOCKCHAIN IN CASINO
With technological developments in all areas, especially in the online casino industry, Spade created Blockhouse-based casino applications. With a protocol created, casino applications from Spade are very unique with some features in the app. The concept of decentralized consensus that lies at the heart of blockchain is based on the smart application of cryptography and game-theory. Combined, they create the economics of trust and hold immense potential for revolutionizing many classic industries. In particular, blockchain has the potential to provide transparency to all transactions, drastically reduce the house edge.
Before delving deeper into the mechanics of the SP8DE protocol itself, Spade opt to give a brief overview of the Cardano blockchain and, in particular, the Ouroboros protocol that underpins it. As mentioned above, Ouroboros is the first provably secure POS protocol. All POS protocols rely heavily on the miner selection process whereby a participant is selected at random to sign a block of transactions. In essence it is a POW system without the anchor to the real world — that of processing power.
A precondition for an effective POS protocol is randomly with the uniform probability which is proportional to one’s stake in the system. The uniform nature of the probability distribution is an essential element: if it can be skewed or biased by any protocol participant, the security is compromised rendering the protocol useless.
At the heart of Ouroboros is the so-called Follow-The-Satoshi (FTS) procedure. The FTS proceeds along the following steps:
- The fresh randomness is injected into the system.
- It is used to ‘pick’ a single satoshi, the smallest unit of account in the system, an analogy to cent for US dollars.
- All satoshis have ids. The state of the protocol determines which is the last one to hold the satoshi selected.
- This user becomes the ‘leader’ or in other words is entitled to sign a block.
This simple procedure satisfies the input of unbiased randomness, it will select a stakeholder with the probability proportional to one’s stake in the system. (Detail Information on Whitepaper)
DISTRIBUTION TOKEN (SPX)
The entire token distribution will be 8,888,888,888 of which 3,655,555,558.4 (41.125%) will be in the form of token sale and 3,455,555,552 (38,875%) will be given as a jackpot for those who have participated in the “token sale” rounds. The rest of the tokens 1,777,777,778 (20%) will remain with the team for the purposes of marketing, advisory, and further development of the project. Token sales will be made in four rounds and the number in each round is as follows:
Everyone participating in a token sale is entitled to a jackpot token.
USED OF SPX TOKEN
The token sales and token results owned by the team will be used to promote and develop the project. Spade is development intense, therefore we allocate the majority of the proceeds to development and operations as we believe that proper management and highly skilled developers are in the core of the success of this project.
Investment Channel : www.sp8de.com