Blockchain Advantage
Provably fair games have gained significant attention over the years, particularly on online gaming networks. These games are aimed at ensuring transparency and fairness in their operation, which is not always the case with traditional online casinos. So, how do provably fair games work on public networks?
The core concept of provably fair games is based on the trustworthiness provided by blockchain technology. Blockchains are public ledgers that log all transactions made on the network. By harnessing this feature, provably fair games can ensure that the outcome of each game is random. The process typically involves a combination of the game's algorithm, the user's input, and the blockchain's encoding.
To create a provably fair game, a blockchain-based platform first generates a random number. This seed is then mixed with the user's input, commonly in the form of a bet, and the game's algorithm to produce a digital signature. The hash value is a unique, fixed-length string of bits that cannot be reversed or altered.
Once the game's algorithm and the user's input are combined to produce the hash value, mega888 the platform shares it to the blockchain, typically in the form of a smart contract. This contract includes the game's parameters, the user's input, and the current state of the game. By doing so, the digital record acts as a witness to the game's outcome, making it transparent and verifiable.
When the game's outcome is decided, another hash function is created, taking the user's new state (either win) and the previous seed as input. This new hash value is then compared to the original hash value generated at the beginning of the game. If both hash values are similar, the game is deemed provably fair, as no outside influence could have modified the outcome.
This process ensures that the game's fairness is based on the blockchain's hash function, which is inherently unbreakable. By incorporating the user's input into the hash function, the game is rendered not guess or control.
In conclusion, provably fair games on blockchain platforms are transparent and verifiable due to the use of blockchain technology. By harnessing the power of blockchain to generate unique hash values, such games provide confidence that the outcome of each game is fair, providing users an highest level of faith when participating in online gaming.