Ethereum Sportsbook: Ethereum is a DLT technology developed with a complete integrated Turing programming language. Also, it is a blockchain computer, that allows any user. You can write smart contracts and decentralized applications, just by writing your logic-based code in a few lines.
Bookmakers that accept Ether:
First, it was some betting houses that began accepting bitcoins as currency to place sports bets, now some online game operators also start accepting Ether.
Oshi Sportsbook is one of the popular and reliable platforms that accept Ether.
Ethereum Sportsbook facts:
– It works under the Ghost (Greedy Heaviest Observed Subtree) protocol. It uses to limit orphaned or incorrect blocks, allowing you to choose the blockchain accepted by a majority
– Ethereum uses uncles type nodes, considering them more reliable and on which the rest of the mining nodes connects. These nodes have management preference to add a block to the blockchain as correct, discarding possible forks or deviations in the chain
Why use Ether in Sports Betting?
Ether is the virtual currency of Ethereum, the fuel that moves this platform of distributed applications.
It uses by customers of the Ethereum platform to make payments to other people or machines. That executes requested operations, such as some sports betting houses.
It works as an incentive that ensures that developers create quality applications. That the network remains healthy and active, as users are rewarding for the resources provided to Ethereum.
The total offer of Ether and its emission rate was decided in its origins, during the presale of August 2014.