Popular sports betting and gaming blockchain platform Stake.com has explained how the “provably fair” system works in its own products.
In a blog post, the platform begins by explaining that “true randomness” cannot be created with conventional methods due to the fact that machines are not really good at producing outcomes that are not based on a previous result.
However, the rise of blockchain technology has helped to create a provably fair solution that makes it simpler for consumers, players and stakeholders to know with absolute certainty that the outcome of a game is completely fair.
The core difference between traditional Random Number Generators (RNG) and provably fair systems is that RNGs can, in theory, be cracked. If someone knows the “seed” number, then they can reliably predict what the next most likely outcomes in any game of chance could be, whether this is online roulette, blackjack, poker and especially slots.
The provably fair solutions however do not fear hacking, because they are already open to the public to check for fairness. To achieve a true provably fair system, though, blockchain gaming portals need three components, and that is client seed, server seed and nonce.
Because the system relies on both the player and casino seed, there is no way for one party to control the outcomes. A third factor here is the nonce. Every bet or hand will come with a “nonce” which adds to the randomness of the solution.
While in theory this is all still random, provably fair systems are more advanced than their dated counterparts, the RNGs. Stake.com is one of the top venues where you can enjoy provably fair gaming and know your money is always safe.