Owing to digitalization, more and more players are participating in online betting activities worldwide. In fact, the online betting industry is speculated to reach USD 128.2 Billion by the year 2026. While the growth opportunity of this landscape is exponential, participants still fail to garner optimum benefits out of their investments. An excessive control by centralized systems is one of the critical hindrances that impact the growth of the present online betting sphere.
Following are the pitfalls of centralized betting platforms:-
CyBet is an unconventional betting platform that has harnessed the potentials of blockchain technology, in order to make the conventional betting system more efficient and profitable for the users. It envisions to become the world’s first decentralized betting platform and optimize the profit-making opportunities of the users.
Some important features that make CyBet system different from the standard betting platform are:-
Smart contract is one of the central components of CyBet platform. It is responsible for storing vital sports information securely and offering it to the bookmakers upon their requests. Sports information that is collected from various reliable sources is stored in the blockchain. The bookmakers use this contract to decide or set the odds for a particular game and raise relevant stakes. Once the participants have placed their bets, the smart contract generates a game structure that acts as an interface for players.
With an aim to streamline the existing centralized betting system, CyBet has incorporated the latest technologies- blockchain and smart control. This has allowed the system to create a betting network that is more reliable, secure, and effective for the players across the globe.
Know more about Cybet on :
Website: http://www.cybet.club/
Bitcointalk: https://bitcointalk.org/index.php?topic=5062665
Telegram: http://t.me/Cybet_club
Github: https://github.com/cybetclub
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