Welcome to StakeBD where we highlight a cryptocurrency giving some of the information to help understand what it is and what it does? Today we are highlighting Funfair.

What’s Funfair you ask well I’ll give you a hint there’s a clue in its name? The funfair is harnessing the power of ethereum blockchain technology to revolutionize arguably the most fun place in the digital universe. The online casino industry is targeting this almost 50 billion dollar a year market isn’t just fun it’s smart. To be clear Funfair actually a casino it’s the underlying gaming technology and affiliated crypto token licensed out to casinos and other gambling platforms. The Funfair team is attempting to solve some of the biggest problem facing online casinos like slow performance, a desire for a single common in-game currency, high operating costs and a lack of user trust. Faster gameplay through what’s called fake channels. Basically, two-way pathways that support peer to peer communication during the game session between the player and the casino. This allows an instant and secures smart contract settlements for bets and fair gameplay.

FUN is the token that’s used in every part of the funfair platform. It’s the only token accepted for in-game credits, how game creators are paid and what casinos must receive revenues in. All fees on the platform must be paid for FUN.

The online casino has become extremely popular but many still suffer from a crucial character flaw, TRUST. Players have to rely on casinos to be fair but they have no guarantee that. This is the case the online gambling industry is due for an upgrade. It desperately needs to move away from the spammy image of untrustworthy casinos and their shady payouts. This is precisely where Funfair jumps in.

The funfair is designed to be transparent and prevent cheating by merging gambling with blockchain technology. After all, it’s in the DNA of blockchain to prevent fraud. Traditional online casinos relay on users trusting them to be fair.

For instance, the chance of red coming up on the roulette table is 47.4%. But how your favorite online casino is giving you these odds, you don’t. You just have to trust them.

A lot of online casinos are incorporated in Island microstate. Do these nations have online casino regulators do they pose the willingness, manpower, and expertise to audit online casinos? I Don’t think so!

With Funfair if the casino tells you that you have 47.4% chance of winning, the blockchain is there to confirm these odds. That‘s both fun & fair.

The Funfair team is based out of London England and is led by an impressive team of veteran computer gaming developers. They promised to be a game-changer. Time will tell the Funfair can deliver.

Funfair has a few crypto-based competitors but with the popularity and sheer size of the market, it should find a home. If Funfair can overcome the market domination of current incumbents using traditional technology, blockchain based casino games could become the new industry standard.