Provable fairness

From Bitcoin Wiki
Revision as of 13:10, 3 September 2014 by Chaser (talk | contribs) (Created page with " == Provably Fair == Provably fair refers to a technology used by bitcoin casino and gambling sites to verify the outcomes of their games. This allows players to confirm that...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Provably Fair

Provably fair refers to a technology used by bitcoin casino and gambling sites to verify the outcomes of their games. This allows players to confirm that the outcomes were true and fair without any adjustments or manipulations by the gambling sites.

This is unique to cryptocurrency and a new introduction into the world of online gambling.

How it Works

The basis of the system is the cryptographic hash function and it's difficulty to crack. Before the bet begins the gambling server generates a seed and send this as a hashed function to the player. Client side the player then generates a random seed and this is added to the hash function. After the bet is complete the player decrypts the hash function to determine that it is the same transaction that began. If the function matches then the bet has been uninterrupted. Any difference in the hash indicates that something has gone wrong with the outcome, most likely as a result of manipulation.


List of Casinos that offer Provably Fair


Provably Fair Dice Games


References