Provably Fair

Provably Fair refers to a system that allows users to verify the fairness of a game or gambling platform by providing transparent and verifiable proof that the outcome of each bet is random and not manipulated. In the context of cryptocurrency, Provably Fair is often used in online casinos and gambling dApps to ensure the integrity of the games.

The concept relies on cryptographic algorithms and mathematical proofs to demonstrate that the game operators cannot influence the result of a bet in their favor. This is achieved by using algorithms like hashing, digital signatures, and random number generation that are publicly available for anyone to inspect.

By providing users with access to the game’s source code, seed values, and other relevant data, Provably Fair systems allow players to independently verify the fairness of the game. This level of transparency helps to build trust between the platform and its users, as it ensures that the outcome of each bet is truly random and unbiased.

Overall, Provably Fair is a key feature in many cryptocurrency gambling platforms, providing players with peace of mind and confidence in the integrity of the games they are participating in.

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