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What Provably Fair Means in Relation to Cryptocurrency Casinos

David Prior by David Prior
May 23, 2022
Reading Time: 6 mins read
What Provably Fair Means in Relation to Cryptocurrency Casinos
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Provably Fair games are something every gambler wants. Games with demonstrably Provably Fair algorithms are more advantageous to players. It is thought that much better winnings are obtained from these games. Provably Fair was created to address the lack of transparency in the online gambling industry. Generally, crypto casinos and software providers use different algorithms. Usage purpose is to give assurance to the players in the software that produces random results.

However, despite all these assurances, the desired level of transparency is still not achievable. Because people think that gamblers constantly interfere with the algorithm of the games in their minds. This is exactly why Provably Fair has been designed to meet the demand for transparency between the player and the casino.

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In today’s article, we will try to explain exactly how Provably Fair works and what it means. In addition, we will answer questions such as why it is important. If you’re ready now, let’s start and take a look at our guide.

What is Provably Fair?

Provably Fair is a very new technology for the online gambling industry. Since it is new, most gamblers do not know about this technology at the moment. Provably Fair was first used in games in crypto casinos, primarily bitcoin. And in short, Provably Fair is an algorithm that checks whether games in online casinos are fair to players. Many gamblers think that when it comes to casinos, the management is scamming them. Here Provably Fair completely relieves you of this fear.

Now, if you want, we need to look at the details of the system in order to fully understand Provably Fair. Let’s take a closer look at what some words do in this.

User and Servers

People assume that you and other users of the crypto casino sent some of the seeds from their own computers. The crypto casinos that own the games here are servers that host the Provably Fair algorithm.

Seeds

Seeds are a series of numbers and letters used to determine the outcome of a gambling game. Users and servers create two separate seeds. While the seed created by the server is protected as confidential and encrypted, the seeds of the users are shown openly.

Hash

Server seeds go through a complex process to be presented to players. And they designed it using the SHA-256 algorithm. It is impossible for a seed to be hashed, read, hacked or reverse engineered. What makes this impossible is the SHA-256 encryption algorithm, as we just mentioned.

Nonce

Nonce is an incrementing integer for the bet that players make while gambling. In other words, when the players enter the casino, Nonce becomes active in every game played. Thanks to unique computer-generated identifiers, Nonce creates an unpredictable value. Additionally, with Nonce, sending a request twice is completely blocked.

How Does the Provably Fair Games Mechanism Work?

Server and user-generated seeds combine game and game-related outcome values. Combined value results include cards drawn, symbols or any number that the roulette ball falls into.

We just mentioned at the top that server seeds are secret. You can also question the transparency of Provably Fair game if you learn about the seeds to be used for the results. For this, we want to give an example over Thunderpick: https://thunderpick.com/en/content/provably-fair, here you can see a description that we are not used to seeing in crypto casinos.

If you have such a detail on your own crypto casino site, then there is only one thing you can do. First you need to run the user’s seeds with hashed seeds. Of course, you also need a third-party SHA-256 calculator site to test this. If you have taken care of all these, you can find out whether gambling games have real results by filling in the necessary blanks.

What are the Advantages of Provably Fair?

We have to admit that crypto casinos with Provably Fair are becoming commonplace. In addition, savvy gamblers are now starting to prefer casinos with Provably Fair games. Now, let’s take a closer look at the advantages of Provably Fair.

  • Transparency

The most important feature of Provably Fair is the transparency it provides to crypto casinos. In this way, many gamblers can be careful to see the results of previous games. And they can enjoy the games with peace of mind.

Do you feel distant to the term crypto casino? Then don’t forget to read our Bitcoin and Online Casinos article.

  • Used with Blockchain Technology

Provably Fair can work on blockchain technology for the transparency of casinos and games. In order to make the working mechanics transparent, players can control the transactions from the blockchain to see them. In addition to all these, blockchain technology, as you know, never changes. Since the values are fixed, it is not possible for the gambling site owners to change the results in their favor.

  • Higher RTP Percentage in Games Using Technology

RTP percentage means the return percentage of the player’s investment. It is a term of slot games in general. RTP, which also indicates the chances of the players to win, is higher in games with Provably Fair technology. In general, the winning rates are 99.5% and 99%. 

Can Provably Fair Casino Games Be Hacked?

When it comes to crypto, we face many hacking scandals. Although the information of the players in terms of seeds is public, the seeds of the servers are not. It is almost impossible for hackers to solve this. We can even say that there is no way.

The point you need to worry about here is whether the casino sites are defrauding you. Although blockchain technology has entered the business, we can say that there is still the possibility of hacking. Still, Provably Fair is incredibly good technology for the future. The more conscious the gamblers become, the more widespread and developed the system will be.

Final Words

In today’s article, we tried to talk about a mechanic that is important for crypto casinos. We think you understand the importance of Provably Fair to prevent scams. In addition to all these, do you know what new technologies are available for casino and sports betting? If your answer is no, take a few minutes to take a look at our article.

If you want to get updates on crypto casino and blockchain technologies, do not forget to follow our blog. In addition, if you have comments and ideas on the subject, please do not hesitate to share them with us.

David Prior

David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.

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