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Gamechanger For Online Gambling?

Added: July 11, 2016

Gamechanger indeed. That is the bold claim of a rather new startup that seems to have it all figured out. Figured out in terms of addressing one of the most vexing frustrations long associated with most any online gambling activity.

As you probably know first hand this frustration is the hurdles one must go through to either deposit real money into that new online casino you want to try or worse still, to pull your winnings out. What with the varying rules and regulations imposed by numerous governments and regulatory authorities, not to mention the fees extracted by 3rd party payment processors such as credit card companies and the like it is actually a wonder that online casinos have been as successful as they have been.

Yet this new startup hinted at above may have come up with a solution that could in essence rewrite the rule book on online gambling transactions all over the world. For the record, this new startup is named Breakout Coin and the name is most definitely a clue as to the possibilities if their solution catches on with online casinos and online casino players around the world.

Here’s what this is all about: Breakout Coin only just recently initiated its public coin sale at the Bittrex cryptocurrency exchange. Representatives of Breakout Coin (BRK) is part of what is known as the Breakout Chain blockchain for gaming. The exciting fact to note here is that this blockchain was created by a dedicated team of both gaming and cryptocurrency professionals.

In fact, the lead developer is none other that James Stroud, Ph.D, the co-founder of a company by the name of CryptoCertify which focuses on auditing and certifying cryptocurrency. Stroud is joined by Paul Kim, a 25 year IT veteran as well as Randy Kim a professional poker player of some 20 years in Los Angeles casino management and finally Gian Perroni an iGaming veteran of some 18 years plus.

According to Stroud himself: “Breakout Chain…has the ability to enforce fiducial agreements between parties. These blockchain agreements are called smart contracts. The Smart Contract is based on a novel approach called transaction control points”.

As you might well expect, this sort of technology, if widely embraced, could very well completely change the online casino experience of both the players and the online gambling site operators. Give this a bit of time to see how this plays out. If Breakout Chain works as planned you might see Breakout Coin accepted here the next time you visit your favorite online casino.