Provable fairness
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Provably fairness is a technology-based algorithm that can be analyzed and tested for fairness.[1] Provably fair technology is used mainly in online cryptocurrency-based gambling.[2] The main purpose of this technology is to ensure that online casinos do not cheat their customers.
The provable fairness algorithm appeared a few years after the launch of Bitcoin, a digital and global money system cryptocurrency. But at the time, the phrase "provably fair" was not yet in use. In 2011, this term was mentioned for the first time.[3]
The Provably Fair algorithm in its work uses 3 main parameters:[3][4]
- Server Seed
- Client Seed
- Nonce
This method consists in the fact that the players receive a certain key string. This key can be used to check the results through a special algorithm. The hash code will be encrypted in it. The Provably Fair algorithm allows players to use this code to get a certain result. If checking the code gives the same result as the game round, it means that the game is working without errors.[5][1]
It is possible to check the game results in real time with this technology. It uses three kinds of technologies: Random Number Generators, Seed Generators and Hashing.[6] Random number generation is a process that uses a device to generate a sequence of numbers or characters. The sequence can only be predicted on the basis of chance.[7][8][9] Seed generators generate numbers that affect the results of algorithms. Hashing is the process of changing a longer string of data into a shorter one.[2]
Related pages[edit]
References[edit]
- ↑ 1.0 1.1 "Provably fair explained". www.provably.com. Archived from the original on 7 January 2023. Retrieved 27 January 2023. Unknown parameter
|url-status=ignored (help) - ↑ 2.0 2.1 "Технология "Provably Fair"" [Provably Fair Technology]. Bitcoin News (in русский). 12 June 2016. Retrieved 27 January 2023.[permanent dead link]
- ↑ 3.0 3.1 "What is Provably Fair and how does it work?". Bitcoin Casino Ranking. Retrieved 27 January 2023.
- ↑ "What Are Provably Fair Online Casinos & Games?". Online Gambling 24. 13 May 2022. Retrieved 27 January 2023.
- ↑ "Честно доказуемые игры казино (Provably Fair)" [Provably Fair Casino Games]. CoinGambling (in русский). Retrieved 27 January 2023.
- ↑ "What is Provably Fair Technology, and how does it work?". Analytics Insight. 30 August 2022. Retrieved 27 January 2023.
- ↑ L'Ecuyer, Pierre (2012). "Random Number Generation" (PDF). In J. E. Gentle; W. Haerdle; Y. Mori. Handbook of Computational Statistics: Concepts and Methods. Handbook of Computational Statistics (second ed.). Springer-Verlag. pp. 35–71. doi:10.1007/978-3-642-21551-3_3. hdl:10419/22195. ISBN 978-3-642-21550-6.
- ↑ Press, WH; Teukolsky, SA; Vetterling, WT; Flannery, BP (2007). "Chapter 7. Random Numbers". Numerical Recipes: The Art of Scientific Computing (3rd ed.). New York: Cambridge University Press. ISBN 978-0-521-88068-8. Archived from the original on 2011-08-11. Retrieved 2023-01-28. Unknown parameter
|url-status=ignored (help) Search this book on
- ↑ Golder, Scott; Donath, Judith (2004). "Hiding and revealing in online poker games". CSCW '04 Proceedings of the 2004 ACM conference on Computer supported cooperative work. New York. pp. 370–73.
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