Are Gambling Dapps The Next Big Thing?

Dapps or decentralized applications, might be a word only familiar to blockchain enthusiasts. However, you don’t have to be a tech guru to see how apps will take your online gambling to the next level. Casino gaming has evolved over the years, starting from brick-and-mortar establishments to online/mobile sites and gaming using crypto. As much as cryptocurrency gambling has been a huge game-changer, apps take it up a notch higher.

What Are Dapps?

Dapps are short for decentralized applications and are similar to the normal apps we are used to, but better. The software or program (app) runs on a peer-to-peer (P2P) blockchain network and uses smart contracts to ensure all operations are secure.

Unlike regular apps which are run from a central point, dapps are open source and all data is kept in a public record so no one has control over the network. To keep it simple, all this means that apps are safer, more secure, and more trustworthy.

How Dapps Are Changing The Gambling Space?

While apps might not be mainstream, some industries are slowly adapting to them. Gambling is one of them, and at DappRadar, gaming dapps are the most popular category with more than 1,000 applications listed. Not only that, but their retention rate is over 80%, meaning players enjoy what they find and want to experience more of it.

So, what is it about apps that make them better than the top online casinos available?

More Anonymity

Crypto casinos might offer you anonymity, but dapps go all the way to different aspects of the casino such as payments. Dapps operate entirely on the blockchain network, and players don’t even need to create an account. All you need is to top up your wallet and start playing!

Provably Fair Games

Over the years, some online casinos have been implicated in tampering with their games, giving the house an unfair advantage. When playing at gambling apps, all games are provably fair, so there’s zero room for cheating. In case of such an attempt, which is close to impossible, you’ll notice there’s an issue with the game.

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The randomness of each game is unpredictable, which makes them safe. In the long run, neither the casino nor the player can interfere with the game.

Easy Deposits and Withdrawals

Part of the challenges of playing at traditional online casinos is that different payment methods have various limits and processing times. In the worst-case scenario, some might not even deliver on your payout request. On the contrary, gambling apps operate on a wallet-to-wallet basis, so you’ll enjoy direct deposits and withdrawals. After you play your favorite games, you can easily cash out your winnings instantly.

Better Bonuses and Returns

As mentioned earlier, casino dapps use smart contracts so they eliminate the need to have an operator, payment provider, or any other intermediary. This reduces the cost of running the casino, and the extra money saved can be used to offer better returns and a low house edge. It is the reason why crypto casinos offer better bonuses compared to online sites. Some gambling dapps go the extra mile and pay back a share of their earnings, through tokens, to their active players.

Are Gambling Dapps Here To Stay?

The blockchain journey started with Bitcoin and it was the first decentralized app in the world. However, the potential that crypto had went on shaping its use from a form of currency to a network that could be used for many purposes.

Ethereum, which is the second most popular crypto, is now the largest smart contract provider with massive projects like OpenSea and Coinbase. Most gambling dapps operate on an Ethereum network.

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With the ever-changing nature of blockchain, it’s easy to see why dapps haven’t made their big break yet. Blockchain technology is slightly volatile and anything crypto-related alters the value of Bitcoin and other currencies, as we have seen in recent times.

Still, gambling dapps like BetFury, Sportbet, and Fairspin Token are changing the narrative one day at a time. Proving to players that gaming dapps have a lot more to offer. As much as the future of blockchain is unpredictable, the fact is that gambling dapps offer a better and more secure gaming experience than regular online casinos.

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