Online gaming operators – Use the right tools for the job
As we’ve touched on in previous posts, it is imperative for operators to use the right set of tools. Especially when the online gaming industry has transformed so quickly in recent years and is showing no sign of slowing down. The next big transition is very likely to be towards crypto-based solutions, and those who adopt it early will secure numerous advantages – both in the short-term and long-term.
The intersection of gambling and crypto itself is undergoing its own changes also. In the early days it was used purely for payment processing alone. Ethereum then allowed for the creation of gambling dapps which shifted more of the work onto the blockchain, but operators quickly learned that they were limited both in the scope and scale of what they could actually do. Worse yet, transaction and operational fees quickly rose well above unacceptable levels and network congestion caused intermittent outages and long wait times. It was a costly set of lessons to learn, to say the least.
The online gaming industry is certainly large enough that it warrants its own specific set of tools which are tailored to the industry, rather than struggling to force general-purpose tools to work in a manner that they were simply not designed for. This is where GAMBL comes in, a set of tools and protocols designed and built to power the next generation of gambling. Instead of focusing on covering as many use cases as possible at the cost of ever-increasing overhead and overall security, there will be a singular focus on improving the quality and efficiency of the gaming industry.
Perhaps the largest benefits will be for the users themselves. Increased efficiency will allow for more competitive fee structures and larger payouts. This alone will make it stand out from the competition, but that’s just the tip of the iceberg. Merely holding GAMBL coins can have benefits with the staking system. They get a network which is extremely secure yet still highly accessible, full control of their own keys and without the often glitchy and incorrect location restrictions.
Generally speaking, it seems quite reasonable to assume that there will be no ‘silver bullet’ blockchain solution that will power the next generation of online gaming tech. It is much more probable that there will be many different solutions which are more industry-specific and optimized for such. This is the future that GAMBL is building towards.