DAOGroup (DAO), the igaming innovation and engineering studio focused on crypto and blockchain developments, has unveiled the ‘industry’s fastest blockchain-based platform’.
Boasting a transaction speed measuring as little as a second, DAO’s latest launch has been designed to revolutionise the industry’s mainstream acceptance of blockchain-based gaming transactions and record keeping.
DAO’s new platform will be made available as a white label solution. The technology use of blockchain will enable operators to offer no-deposit gaming and real-time payouts in the industry’s first workable format.
Harnessing ‘super-fast finality’ to determine a provably fair outcome almost instantaneously, DAO expects that its platform will eliminate the need for players to deposit money ahead of playing – with winnings and losses extracted from the player’s digital wallet directly via the use of smart contracts.
In comparison, alternative blockchains such as Ethereum take more than 15 minutes to reach any level of probabilistic finality making real iGaming practically impossible.
DAOGroup CCO Glen Bullen sees the platform’s launch as a kick-start towards player deposits becoming an outdated concept.
Bullen explained: “We’re dedicated to transforming the iGaming industry’s understanding and use of cryptocurrency and blockchain technology, with the launch of our platform coming at a pivotal time when that conversation is returning to the mainstream.
“Crypto-based gaming has proved bullish in the last few months and we’re here to start bringing its benefits into the mainstream for operators.
“As well as offering an entire ecosystem for the development and migration of blockchain-based games, we’re able to offer the industry’s fastest and most reliable platform with no-deposit mechanics and real-time payouts.”