DAO.Casino, a renowned blockchain-based gambling protocol has recently announced its plans to develop their own blockchain which will become the heart of the DAO.Casino ecosystem. The protocol is will be partnering with MixBytes in order to develop a unified solution for building the so-called gambling 3.0 blockchain network.
The adoption of blockchain and digital currencies has been in the rise over the past few months, a situation that, in a way, proves that the crypto market is moving past the bearish trends of 2018 that almost completely ruined the crypto markets. To that effect, there have been a plethora of investments into the decentralized ledger technology (DLT) space with the number of start-up growing almost exponentially – this was mostly thanks to the enthusiasm of venture capitalists who have invested no less than $5 million.
Now, there are a number of different industries that have come under the wings of the innovative DLTs and this has created even more optimism in as far as the future of DLTs is concerned. As expected, online gambling is one of the industries that have welcomed the new technology with a number of crypto- and blockchain-based virtual gambling platforms mushrooming on a regular basis. This is not surprising especially because of how open and welcoming the online gaming industry is to new and innovative technologies.
It, therefore, goes without saying that there has never been a better time for various industries to capitalize on and expand various blockchain applications.
DAO.Casino’s and Mixbytes’ Plans
The partnership between the two companies is now primarily meant to address some of the biggest challenges that currently face the online gaming industry – these issues include the lack of trust and doubts regarding the security of funds and the DLT applications offer solutions by bringing transparency which, in turn, eliminates the possibility of any form of manipulation.
By partnering with MixBytes, DAO.Casino will now have access to resources such as more high-level experts taking part in the “creation of a brighter future for the gambling industry”. As per the terms of the partnership agreement, MixBytes will be providing 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.”
Blockchain technology continues to take center-stage in a number of global business and these kinds of developments do not show any signs of slowing down anytime so. For companies like MixBytes and DAO.Casino that have already realized the potential of such applications, it might be much easier to get to the mainstream market when the time is right and these applications finally blow up in the mainstream market.