Blockchain Technology – A Groundbreaking Advancement in the Betting World

With the advent of decentralized betting and digital currency, it seems that even people, who were not previously interested in betting, will develop an interest in it. This is because this new advancement of blockchain mechanism has brought the security, anonymity and profitability towards which anyone can be attracted.

This decentralized betting through the blockchain mechanism is being introduced by XSports.io or Extreme SportsBook which is the first of its kind. Investors can create an account and deposit addresses for two major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) with XSports.io. This can be done in the VIP presale which has started from November 1, 2017, while the public sale Phase 1 will start on December 1, 2017 and will continue till December 15, 2017 after which Phase 2 will start and will continue till December 30, 2017. The platform will start from January 1, 2018.

Why Blockchain Technology?

Blockchain technology is decentralized betting technology which will bring complete transparency in online sports betting and eliminate the need of middlemen facilitating complete autonomous operations.

Another benefit to the clients of Extreme SportsBook is that they can provide the sportsbook services to anyone by just downloading their software. Since there is no user accounts and the hassle of remembering passwords, but only unique keys (known only to the clients), each wager will be authenticated and get the payout of winnings without the risk of theft or hacking of accounts.

Proof-of-Stake (PoS)

Through PoS, Extreme SportsBook will provide XSB tokens to users that will be held without spending them. This is an additional security feature of blockchain method unlike the traditional method for cryptocurrencies which uses mining hardware.

Masternodes and Budget System

Masternodes provide private transactions (anonymity), instant transactions and budget proposal voting. Budget system allows community members and team to present suggestions of monthly budgets that will be in the form of XSB tokens created in “super blocks”. A super block will have an amount larger than the standard reward. So, these amounts can be utilized for purposes like hiring new developers for the enhancement of the platform and its properties, overhead, services of companies or individual contractors and exchange listing fees. Masternode operators should vote on and approve these proposals before any amount is distributed to the address included in the proposal. This system has been designed so as to continue the development of Extreme SportsBook platform and provision of additional funds as decided by the community.

So, do you think this system will be beneficial to everyone involved? Try it and you will enjoy the benefits, security and peace of mind!