Could the transparency of crypto help iGames remain fair?

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Crypto and blockchain technology is slowly but surely working its way into the mainstream, with more businesses and industries starting to explore its potential uses. One area that could potentially benefit from the transparency and security that crypto provides is the online gaming industry. With billioins of dollars at stake, it’s no wonder that some are wondering if crypto could help keep iGames fair.

Indeed, the online gaming industry is huge, with it being a multi-billion dollar industry and one that continues to show that it is yet to reach its ceiling in regard to market value. With so much money at stake, it is no wonder that there has been a lot of controversy surrounding the fairness of iGames. While many have continued to ensure they get the best experiences by using the platform when trying to find the right site for them to use, there have been a number of accusations of cheating to claims of game-rigging, that has meant the industry has had its fair share of scandals.

Could the transparency of crypto help iGames remain fair? Let’s take a look.

The Advantages of Blockchain Technology for iGames

There are a few key ways in which blockchain technology could be used to help ensure the fairness of iGames. First and foremost, blockchain offers a degree of transparency that is unmatched by any other technology. Once data has been entered into the blockchain, it cannot be changed or deleted; this would make it impossible for game developers to rig games without anyone knowing.

In addition, blockchain-based iGames would also be decentralized, meaning that they would not be subject to the same rules and regulations as traditional online games. This could allow for a greater degree of creativity and innovation when it comes to game development, as developers would not have to worry about complying with restrictions imposed by centralized bodies.

Lastly, blockchain-based iGames would also be more secure, as they would be resistant to hacking and tampering thanks to the distributed ledger technology that forms the basis of blockchain. This would offer gamers peace of mind knowing that their personal data and game progress are safe from being tampered with or stolen.

The Disadvantages of Blockchain Technology for iGames

While there are many potential advantages of using blockchain technology for iGames, there are also some disadvantages that should be considered.

First and foremost, blockchain-based games would require gamers to have a certain level of technical knowledge in order to play them. This could potentially alienate casual gamers who are not interested in learning about cryptocurrency or how to use wallets, exchanges, etc.

In addition, blockchain-based games could also suffer from scalability issues due to their decentralized nature. This means that as more people start playing these games, transaction times could start to increase significantly due to the strain on the network.

Lastly, there is also a risk that government regulation could stifle the growth of blockchain-based games before they have a chance to take off.

Final Thoughts

Only time will tell whether or not crypto will help make iGames fairer; however, it certainly has the potential to do so thanks to its transparency and security features. With the advantages to have been highlighted, though, it would not be a surprise if we were to see developers and the wider industry become more accepting of it and implement it in the future.

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