Developers have learnt that it is easier and faster to start a blockchain project if it is anchored on the Ethereum platform. This is because Ethereum provides the right environment for the developers to easily create decentralized apps on the already functional blockchain. Ethereum save developers time and funds required to design codes and set up nodes all by themselves. But of course there are alot of disadvantages that comes to the use of Ethereum
Transaction fees: Ethereum blockchain is designed such that every transaction that is done on the platform require a fee (gas) before it is successfully processed. This means that gamble houses will have to pay Ethereum before they process any bet
Speed: The present strength of the Ethereum platform can only handle close to 15 transactions per second. And there are currently above a thousand dApps running on the platform. It will surely slow down the time to process transactions if one of the dApps become popular.
Blockchain Control: The Ethereum team owns the full power over what happens on the Ethereum blockchain which put them in complete control of the blockchain, this means that they can make changes or modify the platform which could be negative for all the other projects anchored on the blockchain. Also this put developers of other projects in a very tight spot as they can not make changes to improve their projects since it is not their blockchain
Strainous exchange: Every dApp created on the Ethereum blockchain has its own token which is the accepted token for project. These various tokens are what is required to perform transactions on the platform. And for gambling projects, their tokens is what is needed to place bets. This is a big problem for game house on Ethereum blockchain as their customers can not easily use their tokens to place bets but will have to first exchange their fiats to Eth and then to the token of the platform. This also make withdrawal and cash out very difficult.
Blockchain to choose
Because of the reasons above, I am not a huge fan of gambling projects that are created on the Ethereum blockchain like DecentBet, XWin, BetterBetting or BlitzPredict
I would very much prefer a project which is operating on the blockchain that is created by themselves where they have total control control over updates, developments, and fees on their blockchain.
BitGoals is a sport platform designed on the blockchain targeted at the sport lovers around the world. The platform provide fans with the opportunity to bet on different games that they love. The Bitgoals platform is created with good understanding of sport and gambling industries. Integrating the right ideas of the two major industries together to create a multi diverse platform that offer a verse number of features to the community members and users of the platform
Official Links
🌐🌐✒ Website: https://bitgoals.com/
🔰🔰✒ Whitepaper: https://bitgoals.com/wp-content/uploads/2018/05/Bitgoals_WP.pdf
🗣🗣✒ ANN Thread: https://bitcointalk.org/index.php?topic=4428882
💬💬✒ Telegram: https://t.me/BitGoals
My Contact
👤 🌐👤BTT : https://bitcointalk.org/index.php?action=profile;u=2136998
💼💼💼Eth: 0x0Df415736Be40485c5016F21eEb373fB326A7847