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BetConstruct Premiered Their Blockchain Solution Fasttoken Innovation at Malta Blockchain Summit
- November 6, 2018 By Oliver Young -
During the Malta Blockchain Summit which took place in St Julian from November 1 to 2, BetConstruct premiered their cryptocurrency blockchain technology-based solution. The London-headquartered land-based and online gaming technology solutions company announced their latest innovation technology advance describing it as the world’s first all-in-one and fully decentralized blockchain technology based on Ethereum.
The Fasttoken Innovation
BetConstruct says that this solution guarantees availability and simplicity, providing game providers, online casino players, affiliates and operators security, fairness and 100% transparency when using user-friendly interference. The all-in-one Ethereum-based and completely decentralized solution will offer BetConstruct’s partners the opportunity of carrying out a variety of transactions within BetConstruct’s network, including making running blockchain operations and making transfers, and will soon be available via BetConstruct’s Blockchain Casino but also to third-party websites.
Using the second layer scaling technologies provided by Ethereum, Fasttoken enables provably fair gaming, veritable RNG across all verticals, guaranteeing decentralized, exciting, unforgettable and lightning-fast gaming experience. Ethereum’s second layer scaling technology allows Fasttoken to eliminate lag and latency inside gaming sessions, boost scalability indefinitely and minimize transaction costs.
Additionally, players would be able to play multiple games simultaneously, just like they would play in centralized online casinos. They can achieve this playing directly through their wallets utilizing MetaMask. Players will get a powerful digital wallet to store financial and personal data safely using the blockchain-fueled network.
The Chief Executive Officer for BetConstruct, Vigen Badalyan made a statement saying that the latest advance is a direct result of their hard work and of a 15-year-long experience in the iGaming industry, during which they have gained hundreds of loyal partners. Many of those partners are said to be already preparing to recognize the Fasttoken solution as their cryptocurrency.
BetConstruct confirmed that the impending launch of their new Blockchain Casino addition is in the upcoming months. Vigen Badalayan additionally announced that they’re building the casino of the future by applying the blockchain solutions in gambling. This way, players can enjoy wagering without having to worry about the trust factor. In fact, the solution provides players the chance to audit every spin, an event for fairness and revealed card once a gaming session ends.
Other News from the Malta Blockchain Summit
Held at St Julian’s InterContinental Hotel from November 1 to 2, the Malta Blockchain Summit hosted around 5,000 delegates eager to learn about the latest blockchain technology advances. Among the key events, you could hear Prime Minister Joseph Muscat, and you could participate in seminars completed by prestigious speakers such as the Bitcoin Foundation founder Jon Matonis, the Luxor Chief Executive Officer John McAfee and the Chief Technology Officer of The British Blockchain Association Julien Bouteloup. There was also an ICO pitch offering $100,000.00.
The Summit is held with the sole aim of becoming the melting pot of global tech influencers and innovation, giving them the opportunity to debate refreshing applications of blockchain, network and forge new connections.