Gambling and gaming are two similar activities. In fact, these are so usual in the betting industry that most gambling activities often operate on gaming features, while gaming also adapts similar designs that resemble gambling.
The main contrast between the two is that gaming often requires skill for players to achieve the desired outcome, while gambling primarily relies on sheer luck. Even so, the overlap in both aspects alongside their bludgeoning growth in recent years has really set the stage for the betting game industry, paving the way for a slew of betting game innovations that effectively utilize both.
The Evolution of Gaming & Gambling
An example of gaming-based gambling is video games that operate on mini-games, allowing players to bet in a casino simulation. There’s also a video game that provides loot boxes where players can choose to spend their money to gain access to exclusive game features. On the flip side of the coin, an electronic gaming machine uses the element of skill to attract participants to bet and gamble and keep them doing so. The convergence of both elements has made the betting experience more immersive and enticing for people who want to bet, allowing the betting game industry to be among the fastest-growing markets today.
Not only that, but the existence of various online gaming businesses has constantly been revolutionizing the industry itself. Now, people can readily access gaming-like gambling through the internet, with social media being an efficient medium for people’s engagement and participation. As years go on, the industry continuously adapts to new trends and changes that help make room for advancements – the use of cryptocurrencies, decentralized apps, and so much more.
The Foundation of Hashbet
These significant advancements have made the experience more accessible and secure for people who opt for it. Crypto betting, for example, has allowed players to make their transactions from gameplay or deposits in digital currencies such as Bitcoin because of anonymity and increased security. Moreover, betting games operating on decentralized, open-source networks are free of regulation and censorship, providing maximum safety assurance for gamblers alike.
HashBet is a prime example of all the factors mentioned above – one of the latest additions to the growing and constantly expanding betting game industry. This article will discuss this new platform, how it works, and how it can be a game-changer for online gambling games.
What is HashBet?
HashBet is a decentralized BSC, Ethereum-chain-based betting or gambling game platform that operates online. It utilizes cryptocurrency in gaming-like gambling, where players can enjoy five mini-games to bet: Coin flip, Two dice, Dice roll, Hash roll, and Roulette.
HashBet uses smart contracts to control gaming logic and algorithms. Here, smart contracts can automatically process transactions initiated by users without any kind of human intervention. This basically means that any user-performed transaction will be guaranteed to be reliable and fast. More than that, HashBet is also entirely free and secure from any kind of regulation and censorship because it’s a decentralized platform.
Interested players may try the platform by visiting its official website at www.hashbet.com.
How it Works
For players to bet and play on the platform, you first need to connect your wallet. All you need to do is first choose your network of preference. Some of which are Polygon, Ethereum, Binance, or Solana. After which, select the wallet you’ll connect to it.
The reason behind HashBet utilizing smart contracts as a medium is to enforce absolute transparency and fairness of the game’s entire process. This allows everyone who wants to play the game to participate with utmost confidence, all while receiving an excellent gaming experience either through ETH or BNB. More importantly, this also highlights the Play-To-Earn concept that the game is aiming for.