Edgeless refers to a decentralized casino which is based on smart contracts. This platform has been built upon the Ethereum network and this means that all its operations are going to be controlled by smart contracts.
The Edgeless team has made a name for themselves for being able to provide a transparent gambling system in the market. EDG or Edgeless is a decentralized system which will allow users to play the casino games based on the smart contracts. According to its developers, the main aim of EDG is to make gambling more affordable for the players. Besides, the system is completely transparent and everyone that is a part of the system can view what is going on within the servers. Cryptocurrencies have made gambling an anonymous experience and ensures faster deposits and withdrawals involving far lower fees as compared to traditional banking. The platform backs sport betting services and here betting is done between the players. Cryptography allows the players to understand that they are playing fair games. As the casino will run using smart contracts, the operations may be viewed on blockchains. It is not possible for the house to block your account without reason or use the funds for their own interests.
One of the key features is the house edge. This implies that the games have to be played only based upon skill and luck. So, it gives advantages to players without gambling experiences. House edge basically refers to numerical advantage which the game has on players. When players keep making errors, casinos gain profits. At the same time, it means that players will not lose a certain percentage. Since there is total anonymity, there are no registrations needed. You may use the EDG wallet anonymously. There are prompt withdrawals and deposits so that you do not have to wait for many days like in the regular casinos.
The co-founder of Edgeless Draksas explained that their idea is to let people have a great time in the casino and so they have tried to address the issue of trust. The main aim is to build a place in which gamblers can be sure about fair game plays. Once this casino is running, the platform also aims to introduce many more games which will run on different revenue models for boosting profits. The Edgeless team is now trying to get more funds to develop and set up the casino. EDG holders can take part in the monthly lotteries which have a great prize pool.
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