Crypto Technology Developing CSGO Coinflip Casinos

The ever-growing value of CS:GO skins led several gambling sites to adopt measures based on crypto-technology to ensure fairness and transparency on Crash, Roulette, CSGO coinflip games, and others, you can learn more here. 

Read on to understand the relationship between cryptography and the new generation of CSGO gambling sites.

Explaining CSGO Coinflip

Also referred to as "Heads and Tails," coin tossing games have been a classic form of gambling since the days of Alexander the Great. Brought to the online realm, the game could not be simpler to understand.

As expected, there is a virtual coin, from which players must choose one side to bet. After players have placed their bets, the coin will twist and roll until it falls. Once the coin falls, the game will reveal the winner and grant him the deserved reward.

While games like Crash, Roulette, Plinko, Hi-Lo, and other gambling hits from the new generation get players to compete against the platform itself, CS:GO coinflip games maintain each match limited to a gambling duo.

Hence, only two players can face each other at a time. Depending on which website the player decides to wager on, the game will either assign a rival or allow him to select someone available in the coinflip section.

What Are the Odds Involved in CSGO Coinflip?

One of the elementary aspects that differentiate CS:GO coinflip from other gambling games is the fixed odds. The higher the odds are, the higher the risk, which means players must prepare themselves and wager as smartly as they can.

Since this simple-but-thrilling game can only be played between two players, each participant always has 50% odds. If the player's strategy is focused on constant earnings to multiply modest bets, CS:GO coinflip is a good option.

Players can seize advantage of no-deposit bonuses like free coins or skins and wager them on coinflip to multiply the amount play by play. Within a few hours, one can get a good value in coins or skins with this resourceful tactic.

It is crucial noting that the mechanics of CS:GO coinflip make the average prize threshold average at best. Indeed, it is possible to find high rollers who wager valuable skins from time to time, but they are an exception.

How is Crypto Technology Changing the Face of CSGO Gambling?

In the past, many CS:GO gambling sites (including coinflip platforms) were busted with controversial accusations of rigged bets, undue influence from live streamers who actually owned these sites, etc.

As of 2022, the number one concern of any world-class CS:GO gambling site is ensuring full transparency and allowing players to double-check the results of bets to prove their validity. But how can it be done? The answer is Provably Fair.

The term "Provably Fair" refers to a system that generates distinct cryptographic keys generated by a network of algorithms. These keys are called "seeds," which consist of a unique combination of letters and numbers. 

These password-like codes are extremely efficient against any cheating mechanisms used by users or gambling sites themselves, as any manipulation would soon change at least one letter or symbol in the seed.

The Probably Fair system aggregates several seeds in a complex computational network. As a result, no one can manipulate a single one of these keys, as any minimal impact would require the cheating actor to modify the whole network.

This cryptographic foundation of the Provably Fair system is the same that allowed the creation of thousands of blockchain networks available nowadays, including the world's most famous cryptocurrency - Bitcoin (BTC).

Crypto Technology vs. CSGO Coinflip Casinos - A Much-Welcomed Novelty

Provably Fair is an online gaming system that guarantees a random, fair, and virtually impossible method to manipulate the outcome of bets. This efficient tool makes any CS:GO coinflip sites and any other gambling platforms much safer and more reliable for users.

This system works with algorithms that generate thousands of encrypted keys that uniquely combine letters and numbers. The disclosure of these keys after each gambling round allows players to check whether the results of bets are 100% random.