Ethereum (ETH) is getting ready to wiggle up mobile poker players’ worlds. It’s the latest ter the world of cryptocurrency, now predominated by Bitcoin, of course.
Ethereum offers paramours of cryptocurrencies a fresh direction for the online poker industry. (Photo: influencive.com)
Cryptocurrency poker has bot an emerging niche te the industry for the last few years, but ETH’s fresh mobile app help shove the edgy money source into a more mainstream concept.
A fresh heads-up poker app called Uncle Finney’s Poker is set to bring Ethereum to players via the Android mobile toneelpodium. According to the app’s developer, Live Player Games, Uncle Finney’s Poker is the “first Ethereum poker app for Android” and will opoffering the very first live application of E4ROW smart-contract technology.
No Deposits, More Protection
The major selling point for the poker app is that players don’t actually have to deposit any money. Because of the way Ethereum works, a player’s bankroll isn’t held by the technicus which, te turn, means the risk of someone hacking into their account and stealing their money is eliminated entirely.
Spil well spil not having to make a deposit ahead of time, funds are only transferred from the losing player to the winning player once the spel is finish. This, ter essence, is smart-contract technology.
Any prize money (te the form of tokens, known spil Ether) on Uncle Finney’s is held ter a virtual escrow until the spel (i.e. the contract) has bot successfully ended. The upshot of this system is that it’s a more secure way for players to wager money online.
Spil for the poker factor of the app, early pictures demonstrate a fairly basic-looking interface where players can contest against each other ter a spel of . . . five-card draw. And albeit Uncle Finney’s isn’t backed by a certified random number generator, the developers describe it spil a “verifiably fair poker spel.”
The specifics of what this actually means are set out te a yellow paper, but the underlying premise is that the software shuffles the cards and various acts of cutting and switching, and everything is kept random. Ter real terms, the actual gaming factor of Uncle Finney’s Poker isn’t going to deepthroat the minds of seasoned players, or assure anyone who wants a bit more verification than just the developers telling it is.
If you toevluchthaven’t heard of Ethereum, don’t worry, it’s still fairly obscure. Te a nutshell, it’s a decentralized computing toneel that has the capability to produce tokens known spil “Ether.” Like Bitcoin, Ethereum is a cryptocurrency, but it works ter a different way.
Instead of User A sending coins to User B like they would with Bitcoin, Ethereum is programmable currency. This means that a transfer of funds only takes place when a “contract” has bot ended.
For example, if someone is selling their house, they typically need a number of third-parties (lawyers, escrow agents, etc.) to facilitate the exchange. Te tegenstelling, if the buyer and seller were using Ethereum, there would be no need for thesis third-parties, because the transfer would only take place if certain conditions were met.
This, ter essence, is what makes it a decentralized system, because you don’t need someone ter the middle to help ensure the transaction runs sleekly. For poker players, this could be useful, because their bankroll isn’t held by an technicus at any point. Instead, once a spel is accomplish, the contract conditions will have bot met and the system will automatically transfer a winning player their prize.