Sports Betting dApp, DecentBET Migrates from Ethereum to VeChain Blockchain System

by | May 30, 2018 | Blockchain | DBET | Ethereum to VeChain Blockchain | Blockchain updates | Sports betting dApps (DBET) is a transparent, smart contract based sports betting platform and online casino, has announced that the dApp will make a switch from Ethereum to VeChainThor Blockchain. The team behind the bet coin took this step as it is crucial to  find a strategic partner whose technical capabilities will help them expand their vision to new heights.

According to the official announcement from DBET team, they chose VeChain Platform as it is a platform that has cemented its long-term value through its strategic partnerships, both disruptive and traditional.

The DBET platform will be the first of its kind to let anyone participate be the house for a casino. This platform will make use of a trusted setup wherein the addresses will provide betting lines and outcomes.

All transactions will be transparent and verifiable on the blockchain. This transparency will make it impossible for malicious or predatory activity to take place from the outset. All payouts, credit distributions, lottery winnings, house buy-ins, would be completely decentralized and determined on-chain.

The team at DBET has made significant progress to bolster their team, vision, and progress. Their end product will help introduce a new age in gaming and casinos that enable transparency, fairness, and trust. The built platform will be host to multiple games and sports options ranging the spectrum of user interest.

Also Read: Blockchain in Wine Industry: VeChain To Track Wine Imports For Chinese Wine Industry! publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.

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