Blockchains Provably Fair Casino Technology
A Blockchain is different from Bitcoin in that it was developed at the same time but has a different function. Like BitCoin, it will be the future as technology advances and the speed of transactions becomes instant.
Basically, a Blockchain is like an office ledger in that it records the movement of goods or services from where they start to where they finish. For example, the passport office would issue a unique number id for a person and record their details which would be unique to that person. The Blockchain acts as a ledger that will register and track transactions but because it is spread and connected with the whole internet it is being continuously updated and not affected by power outages hacks or other situations that can affect other types of currency.
The technology behind Blockchain could change a range of industries from advertising to the power industries. It does not need trust as it is decentralized and is basically a way of keeping everything safe because of the spread of encrypted data over the whole internet and not just stored in one place like a bank that is open to hacking and viruses as we have seen all too often.
BitCoin has started to revolutionize the gaming industry because it is secure safe and instant. The future lies in technology which is changing how we live our lives and we must grab with both hands if we don t want to be left behind.