ELI5 Provably Fair Games
What is a provably fair game?
The answer lies at the heart of a whole new industry which has been developed around the transparent, decentralized, nature of the blockchain.
ELI5 Bitcoin Puzzle Transactions
As the name implies, Bitcoin puzzle transactions are created as a challenge and not for the usual purpose of monetary transfer.
Puzzles can be published for several reasons, in...
ELI5: What is WINk? [Formerly TRONBet]
WINk is a decentralized gaming application hosted on the TRON blockchain. Formerly TRONBet Previously known as TRONBet, the platform is now live at WINk.org At the time of this writing, tronbet.io domain name was no longer responsive: Games WINk platform games include Dice, Poker, Casino (lots of games in this subsection), Sports and (soon to […]
MECACoin: Decentralized and trusted online casino platform
2020 Update Both the MecaCoin project’s Telegram group and Twitter have vanished. We’ve moved this project to the Dead Coins section. Original Post There are many online casinos operating legally, but legality does not guarantee a regulation of fairness. In traditional (non-blockchain) online casinos, game systems and winning distributions lack transparency and there is no […]
ELI5 Cryptocurrency Prediction Markets
Prediction markets are a type of gambling where users bet a certain amount of cryptocurrency in the odds that an event will or will not happen. When the bets are registered on a blockchain, using a certain cryptocurrency as the value token, it’s then called a cryptocurrency prediction market. In a cryptocurrency prediction market, the […]
Opinion: Decentralized blockchains can only survive having a valuable token, like Bitcoin, attached to them [Feb 2018]
We’ve heard this time and again, especially from folks in the financial sector: “blockchain is here to stay, Bitcoin not so much”. Is this really so? We disagree, and in this article we discuss the origins of Bitcoin and how the problem it solved only makes sense when there’s a reward for participants to join […]
Concepts In This Page
Cryptography and cryptocurrency based gaming.
A Bitcoin Puzzle is a cryptographic puzzle which carries Bitcoin as a reward. Those able to break the cryptography obtain access to the private key needed to unlock the Bitcoin.
A cryptocurrency transaction designed to be broken. Usually a cryptographic puzzle having cryptocurrency as a reward, such as finding the private key to a UTXO loaded with Bitcoin.