State of Provably Fair Crypto Games
Despite the bear market, crypto enthusiasm among the survivors of 2018 is at an all time high. Headlines ranging from JP Morgan’s Stable Coin, Yale Endowment’s investments, to the hype around Bakkt (NYSE Parent Company) is flooding the cryptosphere.
The talk among influencers is that in 2019 a big push for mainstream adoption will come from gaming and gambling. Given the hundreds of coins that entered the market through the ICO boom of 2017, it is no surprise that the first use case of some of the new coins will be in gambling. Currencies such as EOS, TRON, and ETH have already begun to reap the benefits of gaming adoption.
Provably Fair Random Number Generation is the gold standard for crypto gaming, its origins source back to the very early gambling games of Bitcoin (Satoshi Dice era). Provable Fairness, brings transparency and immutable characteristic back to games of money. In a provably fair game, a player can verify that the game is not rigged against them. A variety of techniques are used to create provable fairness ranging from Smart Contract Techniques to Public Hash Chain Generation.
Given the excitement, we decided to take a deeper dive into the different categories of provably fair games that lead us into three buckets; Ponzi style, Dice, and Graph Game.
Ponzi Game: FOMO3D (ETH)
A Pyramid or Ponzi game relies on a technique of crypto redistribution which benefit players that enter the game the early and those with the higher stakes. Variants like FOMO3D also include the upside of pot that can be one by participants of the round.
Graph Game: Moon3D (ETH)
Graph games are new concept to Crypto Sphere. Graph Games give users a simulation of the ICO boom every round, where multipliers such as 10x, 100x, and even 1000X are commonly seen. These are continuous games of chance, unlike you’d ever see in Vegas and are exclusive to the crypto ecosystem.
Dice Game: Betdice (EOS)
Dice games are static games of chance. Traditionally, they relied on the probability of rolling of a 6 sided dice. But in the crypto variants of dice games, there exists more selections of probability combinations than one could find on a real world dice.