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What Is Edgeless ?
This is a blockchain based startup that seeks to rectify the myriad of problems that abound in the online gambling markets. The online gambling and gaming industry has exploded in the last few years and has become wildly popular among those who like trying their luck from the comfort of their homes. This industry is a multibillion dollar spinner which has now become synonymous with rigged games and disadvantaged positioning of online gamers, who out of addiction keep on playing nonetheless. In the present centralized online gambling platforms, the users from the get-go are forced into a disadvantaged position where the house takes a considerable edge on them. The games themselves are often rigged in such a way that players lose the most and there is confirmed by a widespread saying that the only way for you to win at an online casino is to own the house itself.
Edgeless seeks to rid users of all the ills the present online casino and gambling platforms force on them, as it provides a transparent, free and fair atmosphere where gamers are 100 percent sure they are not being cheated in any way. With the aid of an open source blockchain, anyone can verify that the games are run completely fairly. Other benefits the users get include a completely feeless gaming platform that also avails them with the option of instantaneously withdrawing their money whenever they wish to.
The Edgeless Team remains anonymous as no information about their identities is affixed on their official site.
The problems of the online gaming and gambling world are well documented and users of these platforms have long complained of being cheated by platforms they play on. Rigging by inserting bugs in the coding that the platforms are built-on is common, where no matter how the player tries, they lose to the house majority of the times. These platforms also have a bad habit of making it very difficult for the users to get out when they want to withdraw their amounts from them. Huge fees are imposed and it might take a few days before withdrawals are processed and approved. All in all, these platforms are a huge disadvantage to the user while giving themselves unlimited power with impunity
This is a real problem that the online gambling industry needs to quickly address, and this is what edgeless is trying to accomplish. With a free and fair use of the blockchain users no longer have to wonder what is going on behind the scenes as they have a verifiable means to assess the fairness of the games they play. Fees are nonexistent and the players are able to cash out at any given instant with=out delay.
Edgeless is a buy-in token and is not mined
A few companies have made themselves billions of dollars in revenue due to the wild popularity of online gambling, but have fallen to abuse the trust online gamblers vested in them. Edgeless seeks to give the users an alternative that is cheaper and cost friendlier and if properly managed might just make some of those cool sums for themselves.