DAOGroup, the igaming cryptocurrency and blockchain solutions provider, has unveiled the industry’s fastest blockchain-based platform.
Boasting a transaction speed measuring as little as one second, DAO’s latest launch has been designed to revolutionise the industry’s mainstream acceptance of blockchain-based gaming.
Available as a white label solution, DAO’s use of blockchain enables operators to offer no-deposit gaming and real-time payouts in the industry’s first workable format.
Harnessing super-fast finality to determine a provably fair outcome almost instantaneously, DAO’s platform eliminates the need for players to deposit money ahead of playing – with winnings and losses extracted from the player’s digital wallet directly via the use of smart contracts.
In comparison, alternative blockchains such as Ethereum take more than 15 minutes to reach any level of probabilistic finality.
With a surge in demand for crypto gaming in recent months, DAOGroup CCO Glen Bullen sees the platform’s launch as a kick-start towards player deposits becoming an outdated concept.
He added: “We’re dedicated to transforming the igaming industry’s understanding and use of cryptocurrency and blockchain technology, with the launch of our platform coming at a pivotal time when that conversation is returning to the mainstream.
“Crypto-based gaming has proved bullish in the last few months and we’re here to start bringing its benefits into the mainstream for operators.
“As well as offering an entire ecosystem for the development and migration of blockchain-based games, we’re able to offer the industry’s fastest and most reliable platform with no-deposit mechanics and real-time payouts.”
The company also unveiled DAOWallet in early 2020, delivering an advanced cryptocurrency-fiat gateway that enables operators to offer third-party cryptocurrency transactions without the need for additional AML and compliance procedures.