Difference between revisions of "Provable fairness"
Revision as of 21:14, 3 September 2014
Provably fair refers to a technology used by bitcoin casino and gambling sites to verify the outcomes of their games. This allows players to confirm that the outcomes were true and fair without any adjustments or manipulations by the gambling sites.
This is unique to cryptocurrency and a new introduction into the world of online gambling.
How it Works
The basis of the system is the cryptographic hash function and it's difficulty to crack. Before the bet begins the gambling server generates a seed and send this as a hashed function to the player. Client side the player then generates a random seed and this is added to the hash function. After the bet is complete the player decrypts the hash function to determine that it is the same transaction that began. If the function matches then the bet has been uninterrupted. Any difference in the hash indicates that something has gone wrong with the outcome, most likely as a result of manipulation.
List of Casinos that offer Provably Fair
Provably Fair Dice Games
- Provably fair gambling Explanation and list of sites offering the technology