With the advent of Bitcoin (BTC) in 2009, blockchain technology emerged as a decentralized solution that eliminated the need for intermediaries to validate transactions. This characterization of blockchain has revolutionized not only the global financial sector, but also other markets, including online betting.
In traditional betting platforms, centralized management is the norm. Operators set odds, manage payments and control player data, operating within a B2C (“business-to-consumer”) model.
However, blockchain-based platforms and smart contracts are reshaping this paradigm, enabling peer-to-peer (“user-to-user”) systems. In these systems, players can set odds and place bets in a more transparent and secure manner, with reduced costs.
A striking example of this trend is the DECA system, developed by BetConstruct. It offers advantages such as support for decentralized wallets, fast withdrawals, demonstrably fair games, privacy, transparency and a traditional casino experience on a smart contract-based platform.
In addition, it provides faster transactions and lower commissions, greater security, a revolutionary RNG generation and is compatible with Ethereum, Bahamut, Binance Smart Chain and Fantom.
Another highlight is the FTN token, which is the basis of a decentralized ecosystem. In just a year and a half, FTN has seen an impressive 1000% growth in value, standing out as a powerful and innovative solution in the iGaming sector.
This advancement represents a unique opportunity to redesign the iGaming sector, promoting greater transparency and independence for players. To further explore this topic, I plan to launch courses on the Jobs.bet platform, focused on interactions between cryptocurrencies and the betting sector. The courses will include topics such as:
* Differences between decentralized and centralized platforms;
* The role of stablecoins in the democratization of online gambling;
* Betting pools as a mechanism for wealth redistribution;
* Privacy versus KYC processes;
* Affiliate systems using smart contracts;
* Peer-to-peer and centralized betting models;
* Risk management through decentralized platforms;
* Differences between Hot and Cold Storage wallets;
* AML and the threats posed by Flash USDT.
Bitcoin, in addition to being an anti-flationary currency, represents the democratization of the global financial system. It provides individuals anywhere in the world with access to a fairer economy that is independent of central entities. Blockchain, with its broad applications, is not just a trend, but rather a milestone that is transforming the market.
In the coming years, we expect the innovations brought about by cryptocurrencies and blockchain to redefine the world as we know it. Professionals and enthusiasts in the iGaming sector should be aware of the opportunities that this decentralized revolution offers.
Fábio Tiberia
CEO of FT Consulting
