Sp8de is a platform that combines the power of blockchain technology with gambling a casino to create a robust blockchain-based ecosystem with multiple features. One of the problems involved in developing a gambling application is how one achieves a provable randomness in applications where multiple parties are involved and the random number generated determines the distribution of the monetary gains and losses for those involved. Local sources of randomness can be compromised and thus, there is no easy way for all the parties to verify that the number provided by a party is the number actually generated. Sp8de is a blockchain-based platform for developing distributed gambling applications, spade is equipped with protocol to generate unique and unbaised randomness which is very important in gambling.
Before i go deep down into Restart and how it works, i will quickly give an explanation of Cryptocurrency and Token for those that do not understand the what and hows of these terms. You can skip this part if you already do.
SO WHAT IS CRYPTOCURRENCY?
I first heard about Bitcoin in 2012 but i didn’t “get it.”
Terms like decentralized, distributed and disintermediatipiqued my interest, but I lacked the technical understanding to really understand what I was looking at.
I started reading up a bit more in 2015. However, only after a deep dive over the last 1 year do I feel like I’ve even begun to wrap my head around it.
A cryptocurrency is a form of payment which is similar to the currencies commonly used such as United States Dollar or the British Pound. However, unlike these currencies, cryptocurrencies are decentralized. There is no central government to print more of them out to cause inflation. In fact, cryptocurrencies have been formulated to gradually decrease in production as time goes by. Bitcoin, for instance will never have over 21 million coins in dissemination.
WHAT IS TOKEN?
A token is a representation of value, a sort of digital asset (dasset). The Ethereum developers decided to standardize this process, and so the ERC20 ‘Token Standard’ was created. This templated-contract standardization contains a series of functions that enables the issuance, distribution and control of the assets in a formalized, standardized manner.
A token standard allows for the ease of interoperability between DApps (decentralized applications built on the Ethereum public chain) and the tokens built by the programmers.
SP8DE PLATFORM AND HOW IT WORKS
Sp8de harnesses the power of blockchain technology called Cardano. Spade provides an environment for the design of gambling applications which are characterized with; Close-to-absent transaction fees and Proof-of-Stake powered scalability that is beyond the reach of any other on-chain casino protocol currently in existence; A mechanism to generate decentralized provenly uniform randomness at arbitrary time-spans; Provides rich Smart Contract functionality that allows for creativity in game design that is bounded solely by the fantasy of the developer
Sp8de utilizes Cardano to design its ecosystem and thereby solves the problems normally associated with the on-chain casinos described above. Here is how:
Transaction fees and scalability: the size of transaction fees is normally a function of the degree to which a given distributed system scales. Scalability can be defined as the relation between system resources and the number of nodes. Scalable systems gain in efficiency as new nodes join the network: BitTorrent and IOTA protocols are two prominent examples.
Random number generation: Cardano makes use of the POS protocol for generating unbiased entropy. The beauty of the idea is that the blockchain itself serves as a broadcast channel: the uniform randomness is generated on-chain. POS systems are heavily dependent on the ability to generate good-quality randomness without it, the integrity of the protocol can be interrupted.
Flexible and finance application-tailored scripting language
SP8DE ICO AND TOKEN ( SPX)
Sp8de token (SPX) will be released during the contribution period. Sp8de will sells ERC-20 compatible Ethereum-based SPX token. The aim of the token sale is to provide a discounted participation for the early adopters of the decentralized platform. To provide a functional lending market to such extent, early adopters are required. By purchasing SPX, the early adopters receives a discounted price for using the decentralized lending platform. The ICO has been structured to give the best opportunities to anyone who would like to participate from the very beginning, providing maximum flexibility and control for the participants.
Sp8de token (SPX) will be used to purchase products and service on the Sp8de network. It will also be used to provide incentive for early adopters.
ICO starts February 8 2018
45% for Development
20% for Operations
10% for Legal
15% for Marketing
10 for %Advisory
What are you waiting for?
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