Faireum | Fair Solution For The Gambling Industry

cleante (52)in #faireum • 7 years ago

With the increasing use of mobile phones, people started to make most of their transactions via smartphones. Smart phones have enabled people to access the data they want, even in mobile environments. The work of people to know the results of a particular team or sport is called bet. Many people are now able to withdraw money from betting platforms.

While some of the states' perspectives on these platforms are positive in some cases, they may be negative in some countries. Some countries make these betting platforms illegal and prevent users from making money on platforms. In addition, legal betting platforms have problems within themselves. Many betting sites require high transaction fees from users. Users who pay a certain fee in each betting stage receive limit problems while taking their money. The betting platforms demand the money from their users by reflecting the hidden fees they have not mentioned before.

The vast majority of the systems of betting platforms are open to attack servers. These platforms do not compensate for the damages caused by attacks by users. In any case, users do nothing if their money is lost.

Against the unfair and unsafe system of betting platforms, Faireum has implemented its own alternative games, betting and lottery systems. Faireum brings together service providers and users by removing barriers between users and betting organizations. Bringing everyone's data to the blockchain environment, Faireum ensures that all transactions are public and transparent.

Benefits of Faireum Platform to Game and Bet Ecosystem

Each user can use his / her betting system on the platform. Server owners who provide bets can receive commissions from the money received during the game.
With the community management system used by the Faireum system, every game that can enter the platform can be selected by the users. Each community member has the right to vote for games to be installed on the system.
Faireum keeps all user information and personal data on the blockchain nodes. In this way, users can not be attacked by hackers in any way. For users who lose their funds by sharing their private keys with other users, Faireum has introduced its own insurance system. With this insurance system, Faireum will use a part of the platform's earnings in any case for the damages of the users.
In Faireum system, users' data is kept on node systems instead of servers. With this system that eliminates server costs, the transactions are very low cost.
Traditional betting systems are designed to win only the platform owner. After entering the bet numbers of the users, the system automatically plays with numbers, causing the users to suffer. With this system, which creates an environment free from transparency, no one can monitor the changes made in the system. All data in the Faireum system is open to users. Each user can monitor and control movements within the platform.

Faireum Super Node System

Game owners pay large membership fees to access the game platforms. In addition, the servers of most platforms are slow and not large enough to serve the growing number of users. Using the Faireum Super node system ensures that transactions are performed very quickly and safely. Each user can establish nodes to join transactions and participate in mining operations. The Faireum platform, which uses the Dpos system, is designed to prevent attacks of 51%. In this case, large mining platforms cannot take over the system and exploit the Faireum platform.

The Conclusion

The Faireum project will start to be listed on the stock exchanges in the second period of 2019. After the game platform where the games will come together, the project plans to move to its mainnet system. The details of this successful project can be found in the following social media accounts.