This Protocol Could Blockchainize Entire Online Gambling Industry

Gambling might be one of the oldest traditions in the world and the history of humankind knows multiple instances of games in various cultures, both ancient and modern.

However, once the gambling market was consolidated, it became quite stiff. It has known only a few innovative movements since the opening of the first gambling house. The first big breakthrough for the industry occurred in the late 20th century with the emergence of the Internet. Having entered the World Wide Web, casinos managed to reach much more people that their traditional brick-and-mortar peers could dream of.

Shortly afterward, with the introduction of smartphones, the demographic coverage widened even further, as people became able to play anywhere and anytime. All those changes outwardly sought to involve as many people as possible in gambling without actually introducing anything essentially new to the very core of the industry.

With the emergence of Blockchain, everything has changed. Some online casinos embraced Bitcoin very quickly, as it allowed them to manage payments more easily. However, generally, they did not embrace Blockchain and remained centralized and traditional. The demand for Blockchainizing the gambling industry still exists and causes lots of developers to create their own solutions.