Casino blockchain app BitBoss last month launched the very first casino tokens on the Tokenized Protocol for mobile gambling. The move, though relatively subtle, is set to completely revolutionize the gambling experience on the blockchain.
For this venture, the real money gaming solutions developer has leveraged Bitcoin SV. This has been achieved by embedding the casino blockchain app’s baccarat and lottery games within a dedicated Bitcoin SV (BSV) wallets. These games can be powered by either the native BSV tokens or custom tokens – a great example of custom tokens will be those that are created and branded specifically for use in a single casino.
Thanks to the utilization of the BSV blockchain, the platform enables provably fair gambling with both the bets and results being written to BSV transactions. On the same note, the payments are adjudicated and administered by smart contracts and to complement this, double-spend protection has been built into the platform.
How Does It Work?
Alex Shore, the co-founder, and CTO of BitBoss recently wrote a post that describes exactly how the platform makes use of smart contracts to process both bets and transactions. According to the post, as the players’ bets are sent to the Bitcoin SV blockchain, one of the smart contracts that are designed for BitBoss will process the bet before placing its results as well as the payout transaction back onto the chain.
“They include their double-spend prevention technology when using native BSV, and leverage Tokenized’s double-spend prevention when bets are placed using a custom token,” Alex Shore’s post reads.
Now, the company is focusing on integrating slot machines, a move that will allow slot machine lovers to directly send tokens between the slot machines and their device wallets. For this venture, there is a major emphasis on mobile games which have been growing in popularity all across the globe.
Bitcoin Genesis Upgrade on the Horizon
To further improve the player experience, BitBoss is also now taking steps to ensure that their software will transition smoothly and seamless into 2020. To that effect, the company has recently announced that they will be upgrading their Keyring libraries in order to support the new OP_FALSE OP_RETURN script type. As it turns out, this is a totally mandatory step since Bitcoin SV will be returning to the original Bitcoin protocol with its 2020 Genesis upgrade.
This move was primarily influenced by advice from the technical director of the Bitcoin SV node project, Steve Shadders. In many ways, by updating their own code this early own, BitBoss will be getting months of the shift while keeping its services running for their customers to enjoy.