Global blockchain adoption has been a trend for the past several months, a very positive development that will hopefully help the industry to recover after the ruin that the crypto market went through because of the bearish trends of the last year. Investment in Distributed Ledger Technology (DLT) startups increased significantly as venture capitals and many other investors put on more than $5 billion in the space, with the hopes that it will deliver on the promised blockchain-powered future.
Fortunately, the industry is slowly taking shape and until now, there have been a number of industries that have moved to adopt the innovative technology and more are expected to join the bandwagon sometime in the near future.
Some of the most notable developments include the increased number of crypto-powered online casinos or gambling platforms that have come up in the recent past. While this comes as a little of a surprise especially because the gaming industry is known to be one of the earliest adopters of emerging technologies, it is great news for the global crypto and blockchain communities as it represents a huge leap forward in the bid to have both sectors go mainstream.
As the blockchain and crypto gambling industries continue to blossom, DAO.Casino has inked a partnership with Mixbytes to build a brand-new Digital Ledger Technology (DLT) platform that will capitalize on the growth of the online crypto/blockchain gaming segment.
Unified Blockchain Solution for the Gaming Industry
Some of the biggest issues that have plagued the online gaming industry include the lack of trust and the security of players’ funds. Various blockchain and crypto technologies have been able to address these issues but the new gambling 3.o blockchain platform is set to things a notch higher – according to a DAO.Casino tweet, the intention of the partnership is to build a platform that will “provide unified blockchain solutions for the gambling industry”.
The partnership is a strategic move for both companies as it will ensure that there are more high-level experts taking part in the creation of the new platform, which will hopefully define the future of the online gambling industry and blockchain applications.
“MixBytes are to provide DAO.Casino with thorough consulting and collaborate to create the DAO.Casino Blockchain, featuring all the necessary technologies to ensure the future prosperity of decentralized gambling, as finality, random number generator, high throughput, low latency and more,” DAO.Casino officials said.
The new blockchain will put major emphasis on the reduction of transaction times as well as the improvement of existing security features. DAO.Casino’s plan is likely to go very smoothly especially now that it has already established itself as a prominent name in the world of crypto-powered online gaming.