Online poker is a popular gambling sport that attracts millions of players worldwide. However, it has a reputation for being plagued by many trust issues, such as shady algorithms, costly third-party payment processor middlemen, and unauthorized access to players’ personal data. Read this blog to learn more about this topic. Fortunately, there are now options to overcome these problems and bring transparency to the poker world. One option is to use decentralized technology instead of a centralized system. It’s a relatively new concept, but it has been proven to work well in other industries and could eventually be a game changer for the online poker industry. Multichain Gaming A key aspect of multichain gaming is that it allows users to interact with other players from all over the world without having to leave their local network. This is a valuable feature that will be especially useful for players living in rural areas or countries with poor connectivity. Another interesting aspect of multichain gaming is the possibility to reward players with tokens that can be exchanged for goods or services. This could help to improve people’s lives and increase social welfare, as well as the overall economy. For this reason, a number of Pocket Aces Club blog platforms have been launched that are based on multichain gaming and use smart contracts and sidechain infrastructure to provide next-generation security and transparency. The most notable example is Virtue Poker, which recently acquired a license from the Malta Gaming Authority and plans to launch on Binance Smart Chain (BSC) in May 2021. Virtue Poker is a blockchain-based, decentralized online poker platform that uses peer-to-peer networking and the verifiable nature of blockchain to provide a safe and honest poker experience for players. Developed within Consensys in 2016, the company is backed by Pantera Capital, DFG Group, Jez San from FunFair, and Phil Ivey to make this technology mainstream and deliver a provably fair and transparent poker experience. With its latest funding round, the ConsenSys-incubated startup aims to bootstrap its mainnet launch and reach a new audience of crypto-enthusiast poker players. It recently completed a $5 million strategic investment round that was participated by Pantera Capital, Consensys, DFG Group and Jez San from FunFair, among others. The funding will be used to bootstrap the poker platform’s mainnet launch, which is scheduled for May 2021. The platform is reportedly the first and only blockchain-based company to be licensed by the Malta Gaming Authority, which worked with the team over nearly two years to establish a regulatory framework for blockchain-based gambling applications. This enables the team to provide the same level of fairness and transparency in their online poker platform that traditional brick-and-mortar casinos can provide. It also means that the team can focus on creating a secure and efficient platform that can meet the needs of any type of player. In addition to that, the team has been working on a number of other innovative projects that aim to make gaming more social and transparent, such as a provably fair poker engine and UI that can be used by any player, and an algorithm that is able to shuffle cards in real time to avoid any rigged games. Take a look at this link: https://www.britannica.com/topic/poker-card-game for more information about this topic.
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Several years ago, the online gambling industry began to feel the pressure of a new technology – blockchain. As a result, it was ripe for disruption. This was especially true in the area of poker, which is a game with complex gameplay that is difficult to regulate or monitor. In this context, the use of a decentralized system could be a great opportunity to improve trust and transparency, while also eliminating centralized middlemen. Read this Pocket Aces Club blog to learn more about this topic. One of the main problems that a decentralized Poker platform needs to address is how to keep some information private while still allowing multiple players to agree on the outcome of a hand. This is a problem that has been extensively studied in the academic literature and is known as “Mental Poker.” There are several ways to overcome this issue, including by using cryptographic proofs or other similar technologies to verify and enforce the outcome of a hand. However, the solution is not without its risks. Moreover, this method can be prone to abuse and fraud. Another approach is to rely on a centralized authority, which would be in charge of determining whether or not a particular hand was rigged. This strategy would be a little easier to defend against potential hackers and is often favored by the gaming industry. A recent development in the field of multichain poker is Virtue Poker, a Malta-based platform that uses its own tokens, called VPPs, and Etherium. The platform was able to secure a license from the Malta Gaming Authority and plans to launch on Etherium’s BSC chain in May 2021. According to Ryan Gittleson, the CEO of Virtue Poker, this is a significant milestone for the company. He claims that this will enable the platform to reach out to a completely new audience of crypto-enthusiast poker players and bring them on board as users of the application. As a part of this process, the team worked closely with regulators to achieve their goals and obtain a license to operate in the country. This was a crucial step towards bringing the technology to mainstream adoption and delivering its promises of fair playing and transparency. The Malta Gaming Authority granted the license after nearly two years of consultation with the Virtue Poker team and other stakeholders. The license is a key step in the company’s mission to bring blockchain-based betting to the mainstream globally and deliver the promise of transparency and fair play. In addition to gaining the Malta license, Virtue Poker has also recently secured a spot on the Binance Smart Chain, becoming the first licensed multichain Pocket Aces platform to launch on this network. With the launch of the platform on the Binance Smart Chain, Virtue Poker will become the first blockchain-based poker app to be able to offer its services to a wider range of players and make them more accessible to a new generation of gamers. Virtue Poker, which has been incubated by Consensys, has a mission to “deliver the best, safest, and most fun online poker experience on the market” by combining P2P networking with the verifiable nature of the blockchain. The company is backed by Consensys and stakeholder Phil Ivey, and aims to bring blockchain-based poker to the world in a sustainable way. Please view this site: https://www.britannica.com/topic/poker-card-game for further details on the topic. Poker is a popular game that attracts millions of players worldwide, but it also has a reputation for being prone to various forms of corruption and fraud. This shady track record has led to a lot of debate about whether centralized poker platforms are safe and honest. This Online poker here: https://www.pocketaces.club/ has been a huge industry in recent years, with a huge number of players coming from different countries and regions around the world. However, it has also been plagued with a number of security issues, such as hackers having access to player cards and using that information for their own benefit. Virtue Poker aims to change all of that by creating a decentralized platform that will make poker games safer and more secure than ever before. This is primarily done through a combination of P2P networking and the verifiable nature of blockchain. Backed by Consensys and stakeholder Phil Ivey, the Malta-based poker platform is on a mission to bring blockchain-based betting mainstream globally with its recently acquired Malta Gaming License. Its team worked closely with the Malta Gaming Authority to create a regulatory framework that was suitable for blockchain-based gambling applications. The company has recently completed a strategic investment round of $5 million, which will help to bootstrap the mainnet launch of Virtue Poker in 2021. The funding was secured from a range of investors, including Pantera Capital, Consensys, DFG Group, Jez San from FunFair and poker Hall of Famer Phil Ivey. Founded in 2016 within Consensys, a leading full stack Ethereum software engineering company and incubator founded by Joe Lubin, Virtue Poker is on a mission to make the game of poker safer, more secure and more fun than ever before. The platform uses a combination of P2P networking and Ethereum smart contracts to deliver a decentralized, transparent and honest poker experience. This is accomplished through a zero-knowledge proof system that ensures that the cards cannot be shuffled in such a way that each player can know which card is which, even if they collaborate on the shuffling process. The game starts with a doubly shuffled deck, in which each of the two players must use their own decryption keys to reveal a particular card. A set of off-chain Cartesi Compute Validator Nodes then pick up the requested computation and execute it using the Poker Verifier Cartesi Machine, in such a way that an honest node will enforce the correct result. The result will then be sent to the blockchain in form of a Poker token, which can be traded on exchanges. This allows for players to easily transfer their funds between games without having to trust the centralized poker company that holds their deposits and withdrawals. According to the CEO of Pocket Aces, this platform has the potential to be a "go-to destination for all players who are interested in the new world of blockchain-based wagering." The company is currently working with Binance Smart Chain (BSC), which will allow users to deposit both BUSD and VPP on their platform. Once the platform is launched on BSC, it will become the first licensed multichain-compatible poker platform. This will further increase the appeal of the application, which has already received support from a range of crypto-enthusiasts and has the backing of prominent figures in the industry. Take a look at this link: https://www.encyclopedia.com/humanities/encyclopedias-almanacs-transcripts-and-maps/card-games for more information about this topic. |
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