Decentralization vs Centralization
Being a decentralized casino:
Inherently Fair: Instead of providing a posterior verification process, BetHash provides inherent fairness that needs no verification at all.
100% Transparent: Every transaction, including bet, reward, commission, stays on blockchain, traceable, forever.
The choice of the blockchains
Compared to Bitcoin (10 minutes) and Ethereum (2.5 minutes), EOS has
Making it best suitable for viable decentralized casino.
Is the EOS network trustworthy?
EOS.IO utilizes Byzantine Fault Tolerance Delegated Proof-of-Stake (DPOS) for their consensus algorithm, whereby token holders select 21 block producers through a continuous approval voting system. This is the only known decentralized consensus algorithm proven to support large-scale applications on the blockchain. Ethereum currently uses proof-of-work, with plans to switch to a hybrid proof-of-work and proof-of-stake model.
Some contend that DPOS is less decentralized than POW or POS because there are only 21 block producers selected to secure the network. However, it is well understood that, like Bitcoin, Ethereum mining pools are highly centralized.
As can be seen, EOS.IO features 21 elected block producers distributed around the globe each validating about the same percentage of transactions, while in Ethereum, 4 mining pools validate about 72% of the network. Two pools control almost 51% of the network.
EOS.IO also implements a defined governance process, whereby power originates with token holders who delegate that power to block producers. The software also features a living constitution that defines obligations among the users which cannot be solely enforced by code.