Blockchain technology has been touted by many as one of the most disruptive technologies of the 21st Century. Already, the innovation behind Bitcoin is shaking up the financial system by allowing for fully decentralised and sound money. However, this is just the tip of the proverbial iceberg.
People believe that blockchain could have a huge impact on many industries, since it can be used to accurately track supply chains, provide accurate proof of ownership, and likely a host of other innovations that people are yet to come up with. Just like how few people understood the disruptive impact of the Internet in its early days, many of the ground-breaking applications that will be created using blockchain are impossible to predict right now.
Blockchain (Bitcoin) Casinos
Blockchain essentially solves the problem of double spending digital currencies. Before Bitcoin, efforts at creating digital cash failed because people could cheat the system. Blockchain ensures that all Bitcoin transactions appear on the ledger in a known order. This article isn’t really long enough to explain exactly how it achieves this, but the important thing is that it does.
Provably Fair
Smart Contracts
