CoinPoker, a cryptocurrency based online poker platform, is pleased to announce the official release of its open source random number generation software that allows the players to engage in card shuffling and verify the fairness of hands. The launch of this software promises to be a giant step forward for the industry, and CoinPoker is offering a 1,000,000 CHP Bug Bounty to the testers for identifying flaws in the software.
Prior to the inception of CoinPoker in 2017, transparency and security of online poker games were serious concerns for the industry. Card shuffling software and random number generators have been the objects of scrutiny from suspicious players, and building trust has never been easy for most of the poker sites.
This is partially because of the fact that unfair practices and cheating takes place in even the biggest of poker rooms on the market. From PlanetPoker, the first market leader in online poker, through to Full Tilt, incidents of unethical practices have surfaced out about numerous sites. With transparency being the industry’s Achilles’ heel, CoinPoker was created to deliver unprecedented security and transparency.
The decentralized random number generation (RNG) software from CoinPoker makes use of input from all players at a table to shuffle the deck, giving them the power to prove the fairness of the shuffle. Utilizing the same cryptographic hash function used on the Ethereum network (KECCAK-256), CoinPoker has developed a robust RNG module that can’t be reverse engineered. As a result, it is possible to safely disclose information about the order of the deck, and boost transparency in online poker. Players can verify the randomness of the deck, as well as see the undealt cards after the hands are completed.
The advent of this RNG module brings about a paradigm shift in the industry because unlike the traditional online poker rooms with closed systems, it allows the players to participate in the shuffling process.
CoinPoker is delighted to invite software experts and cryptography enthusiast to test the new RNG software for bugs. If the card shuffler can be proven wrong, the reward is 1,000,000 CHP tokens, the proprietary utility token of the platform. The objective of this bounty program is to combat any doubts about the software’s integrity, and eliminate any errors, should they exist, in the process.
The Bug Bounty goes to anyone who can fulfill one of the following conditions.
- Prove that players don’t have an equal possibility to participate in the card deck shuffling
- Prove that player cannot impact card deck shuffling with following rules:
- Prove the existence of a seed that enhances the probability of winning.
- Decode the initial deck’s cards from card hashes at the beginning of a hand.
For more details, please visit CoinPoker’s official Bug Bounty page, or contact their support team via Telegram or email.
About CoinPoker: Developed by an ambitious team of poker lovers, CoinPoker is a revolutionary platform that uses blockchain technology to address key issues in the online poker industry. The platform uses its proprietary CHP tokens to ensure quick and secure transactions. The coin is also used for all CoinPoker deposits, withdrawals, and bets in between.
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The Future of Bitcoin – Is it Worth Investing?
The Current Bitcoin MarketThe bitcoin market at the present moment is in a noticeable downward trend. This has been heavily influenced by the mass market sentiment which has displayed consistently negative signs. That said, many professionals within the industry, and certainly a trusted bitcoin broker such as TradeFW, have firm faith in the markets capability to rebound from its current position. Presently, the market is experiencing a low below $3,500, something which bitcoin trading sites have not seen in 12-months. That said, for those who have recently joined the industry and learned how to trade bitcoin, there are other opportunities. These opportunities currently reside with bitcoin options trading, or CFDs.
Bitcoins Short and Long-Term FutureBitcoins short-term future may well see a further slump prior to any bounce back, however if you are desiring to open a bitcoin account, this should not hold you back. There are many leading forex brokers who are now offering varied bitcoin trading strategies such as the CFD trading from TradeFW where BTC is paired with the USD. If you are wondering where to trade bitcoin in the current market, this may well be the best choice, since, with CFD trading, you can easily capitalize even in times of a slump in the market. As for the long-term future of Bitcoin, this would still appear to be bright. We should remember that in the bigger market picture, the current price level is still comparatively very strong, and the cryptocurrency remains in its number one position. The long-term currency future is further bolstered by the emergence of new trading opportunities such as CFDs and Options trading on Bitcoin. At the present moment, it may be a very advisable strategy to partner with a strong bitcoin trading platform which offers some of these more diversified financial trading instruments, and attempt to utilize any market conditions to your benefit. The best bitcoin trading platforms will certainly have extensive learning resources available. Continuing to utilize these resources to further learn about bitcoin is a surefire way to help improve your trading skill no matter the market conditions.
Pros and Cons of Investing in BitcoinStepping back from the current market situation, there are still a number of positives to be drawn from when it comes to potential future investment in Bitcoin and the cryptocurrency market in general.
- The potential growth levels in Bitcoin have already been demonstrated by the huge gains shown within the past year up to almost $20,000.
- The nature of Blockchain technology means investing in Bitcoin can be both anonymous and highly secure.
- As society continues its technological advancement, there is little doubt that Bitcoin can show its true potential further as it becomes more integrated as a payment method in everyday life.
- With new investment options such as CFDs and options trading in BTC markets becoming available, there is potential for traders in both an upward and downward trending market.
- Bitcoin investment remains innately risky, particularly in the current market where a negative sentiment is quite clear.
- It still remains to be seen if the currency will be adopted or has the technical capabilities to function as an everyday payment method in society.
- Security of your bitcoin holdings and intrinsic value of cryptocurrency are always contentious points.
ConclusionOverall, it is quite clear that whilst the bitcoin market is in times of some difficulty, opportunities still exist for both new and existing investors in the cryptocurrency. Bitcoin now has more trading options than ever with the ability to trade CFDs through many leading and trusted forex platforms. Regardless of the current market price, there is still clear potential in trading and the future of Bitcoin. TradeFW provides top quality forex broker services and trading in cryptocurrency CFDs including Bitcoin. For the best opportunity to capitalize on the current Bitcoin market along with all major forex and other markets, open an account today.
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