The concept of provably fair gaming, recorded immutably and transparently on the blockchain, has been around for a few years now, but may not yet be fully understood by the gambling industry. On May 12, the Bitcoin Association hosted nChain researcher, Chloe Tartan, who delivered a webinar on the topic, walking through the history of the concept, its meaning to iGaming, and explained some of the more tricky aspects of the concept.

Tartan began by noting that Bitcoin has been used for iGaming since 2014. That followed closely off of a 2013 survey that revealed players wanted more proof that their online gambling options were on the level.

So what is provably fair gaming, and how does it work on the Bitcoin SV (BSV) blockchain? She noted that there are a few definitions of the concept. First would be a game that publishes the initial and final states of a game, allowing the customer to use third party verification to verify the game was fair. A second definition involves all states of the game being published, something which may be more difficult for gambling to pursue, as they wouldn’t want to give away the whole shop.

Bitcoin SV (BSV) has now reached a stage where it is the perfect network to host provably fair games. It has moved away from a focus on electronic cash, expanding to allow unlimited scalability, while keeping the blockchain secure, stable and efficient.