SP8DE-allows developers to develop more creative in the game design.
Introducing you a feature-rich decentralized technology-based blockchain protocol that is essential to the growing variety of current popular or popular blockchain gambling industry platforms, which is better implemented against existing projects. The SP8DE platform delivers a better experience for gambling platforms to develop and run distributed casino applications with blockchain technology. That way we can be able to represent a new kind of digital technology with better distribution intermediaries.
Getting Started Development
We will change the image of the gambling industry even better with more transparent and better blockchain technology compared to similar platforms that are not transparent to users. Instead of promoting transparency and cost efficiency, they instead keep it for themselves. So with that problem, we believe we can build a decentralized protocol based on technology blockchain that will change the bad image.
Reasons We Choose Blockchain
We prefer to use blockchain technology because this technology is more secure than the usual technology today. Unlike conventional technology, blockchain technology does not require a third party, so it’s safer and cost-effective. And blockchain technology is more minimal system error, so this technology is better and reliable. The blockchain is inherently resistant to the modification of the data involved. The blockchain is a growing list of records, called blocks, connected and secured using cryptography. Each block usually contains a hash pointer as a link to the previous block, timestamp, and transaction data. With a system like this, we will build a trust with users and also other industry players.https://sp8de.com/
How does it work?
We built the Spade on a blockchain called Cardano which is a monumental work that embraces best practice and the farthest innovation up to the point of crypto and puts it into one state of the art system. Cardano system is currently under development by experienced teams in the field of programming and cryptography. We will develop this platform with almost no transaction costs, with excellent scalability. With a decentralized system and smart contract features that will allow developers to develop more creativity in game design.
We will design this Platform using a smart contract language called Plutus, a general purpose developed by IOHK and implemented in Cardano. The essence of this system is that all types of financial transactions that occur on our platform, can be decomposed to be simpler. This system is built very safely and better than others. Our platform also uses Ouroboros as a numerical scrambling system. Ouroboros is a blockchain protocol that makes blockchain work as a broadcast channel for randomness. By solving the problem of the POS protocol, Ouroboros also simultaneously offers a unique toolbox for developing and running decentralized casino applications in an efficient, secure and proven way better.https://sp8de.com/
Economics of Gambling: An Institutional Perspective
While being driven throughout its long history by complex economic and sociological changes, the gambling industry has dramatically changed its competitive and institutional landscape — on the supply side it has changed remarkably little from the perspective of a person who wishes to try one’s luck. Indeed, it is still the same set of games that dominates the casino landscape, it is still the chance that defines one’s faith and these are still the classic transaction costs that interfere into the process, owing to the fact that the world we live in is not frictionless.
It follows that we can view the casinos from the perspective of institutional economics, a branch of economics studying the impact of institutions on the behavior of economic actors.
One of the major roles the financial institutions play, in modern economics, is economizing on transaction costs, thereby facilitating financial transactions that would otherwise be unfeasible. They also serve as escrows, notorious trusted third parties, who facilitate trust among the participants allowing them to enter into an exchange more efficiently than would otherwise be the case .
In this vein, casinos act as “gambling” intermediaries realizing the economies of scale, maintaining order and quality of service, thereby facilitating the “conditional” transactions — bets.
Let’s imagine the evolution of the gambling industry as a path towards reducing the transaction costs where innovative industry newcomers attempt to take a piece of the overall pie from the old incumbents by bringing gambling closer to the frictionless ideal.
In this vein, classic casinos reduce security and search costs, facilitate standardization by using chips and having house rules and, most importantly, realize economies of scale by bringing together people united by the shared
desire to gamble. Following this line of reasoning, online casinos while performing the same functions as their classic brick-and-mortar counterparts, also facilitate convenience and economize on the travel costs on the side of players. The major reason for their existence, however, stems from their more lightweight cost structure that is characterized with virtually zero marginal cost of adding a new client. This translates into significantly lower overhead costs, results in smaller house edge and, therefore, smaller average wagers and larger average net gains on the side of the clients , .
The advent of the cryptocurrency casinos came as a result of their anonymity feature as well as absence of any regulatory oversight. As many other applications of the blockchain technology in its early days, the major
considerations behind setting up casinos on the blockchain were idealistic, impractical or outright shady in nature. The anonymity and laissez-faire regime, however, are not the features that fit best into our line of reasoning: indeed, the decentralized infrastructure does not imply any server maintenance costs: the protocol is autonomous; the bets are fair: the protocol code is public; its workings are imprinted into the immutable
ledger forever and can always be verified by anyone.
As a rule, once something new offers better ways for solving old problems, there always is a catch
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