The online gambling industry is one of the many industries to benefit from Blockchain technology. Interestingly, the blockchain network provides a transparent platform for stakeholders to interact. In this light, BetConstruct launched a cryptocurrency project Fasttoken as a way to leverage blockchain.
According to a news release, the gaming company launched the project during the Malta Blockchain Summit. As per the release, Fasttoken provides an avenue where igaming enthusiasts can access all the relevant services and products. Further, the platform “provides 100% transparency, security and fairness to all involved parties – players, game providers, operators and affiliates.”
All-in-one blockchain solution
In essence, this is an all-in-one blockchain solution that will meet the needs of all stakeholders in the igaming industry. Per the release, the platform comes with all the characteristics of a blockchain platform. In particular, it facilitates a peer-to-peer (P2P) interaction among users on the platform.
Further, the Fasttoken project will include a native token that will enable transactions within the BetConstruct ecosystem. This is to say that users can make transfers and even settle internal purchases with the native token.
In addition, the platform provides a possibility for developers to run blockchain applications. In particular, this implies that users can create decentralized applications as well as test their potential on the same platform. Interestingly, the platform will also include a ‘Blockchain Casino’ on which users can gamble.
Cryptocurrency project Fasttoken central to blockchain-based gambling
Across the whole platform, Fasttoken will be a common thread running through all the products and services. This places the cryptocurrency project Fasttoken at a pivotal point in the proper functioning of the BetConstruct ecosystem.
Commenting on the developments, Vigen Badalyan, founder and CEO BetConstruct said: “As a result of more than 15 years of experience in the igaming industry and our work, we have gained hundreds of loyal partners, many of whom are already preparing to recognize Fasttoken as their cryptocurrency.”
Late last month, another betting company announced plans to launch a blockchain-based gambling platform. Reportedly, Malta-based Wide Rich was planning an initial coin offering (ICO) to help purchase Macau-based casino operator DeClub.
The post BetConstruct Launches A Cryptocurrency Project Fasttoken For Blockchain-Based Gambling appeared first on dippli.