BITBET Whitepaper
  • 1.0 BITBET PREMIER
  • 2.0 DISCLAIMER AND ABSTRACTION
    • 2.1 ABSTRACT
  • 3.0 INDUSTRY OVERVIEW
    • 3.1 THE REVENUE OF THE GAMBLING INDUSTRY
    • 3.2 ONLINE GAMBLING MARKET BY REGION
    • 3.3 REVENUE OF DIFFERENT GAMBLING GAMES
    • 3.4 REASONS FOR GROWTH OF THE ONLINE GAMBLING INDUSTRY
  • 4.0 ISSUES AND CHALLENGES IN THE ONLINE GAMBLING INDUSTRY
    • 4.1 THE BITBET SOLUTION
      • 4.2 PROBLEMS AND SOLUTIONS AT A GLANCE
        • 4.3 PROBLEM ONE
        • 4.4 PROBLEM TWO
        • 4.5 PROBLEM THREE
        • 4.6 PROBLEM FOUR
        • 4.7 PROBLEM FIVE
  • 5.0 THE ECOSYSTEM
    • 5.1 BITBET PREMIER
      • HOW BITBET PREMIER WORKS
        • Net Profit Distribution and Burning
    • 5.2 GAMBLING AND GAMES
    • 5.3 STAKING PLATFORM
      • 5.3.1 How to Stake your BitBet tokens
  • 6.0 THE TOKENOMICS
    • 6.1 TOKENS DISTRIBUTION
    • 6.2 THE BITBET TOKEN
  • 7.0 MARKETING
    • 7.1 TARGET GROUPS
    • 7.2 COMPETITOR ANALYSIS
  • 8.0 ROADMAP
    • Phase 1 - Foundation and Development
    • Phase 2 - Prototype and testing
    • Phase 3 - Launch and Expansion
    • Phase 4 - Community Engagement and Growth
    • Phase 5 - Regulation and Compliance
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  • Security
  • SOLUTION
  1. 4.0 ISSUES AND CHALLENGES IN THE ONLINE GAMBLING INDUSTRY
  2. 4.1 THE BITBET SOLUTION
  3. 4.2 PROBLEMS AND SOLUTIONS AT A GLANCE

4.5 PROBLEM THREE

Security

Practically all online resources are threatened by malicious attacks from hackers all around the world. While all necessary measures to protect these resources must be taken – the risk of being hacked can never be fully eliminated. This also goes for online casinos. If a traditional online casino gets hacked, hackers may be able to steal sensitive data such as user details and credit card information.

SOLUTION

BITBET PREMIER does not store credit card information and needs no information about the users, thus reducing the risk of sensitive information being stolen by the attacker, ensuring maximum user confidentiality.

The betting process is done upon interaction between the user´s wallet and the BITBET Platform's contracts, avoiding any human interaction, data storage or use of any kind of data bank or server.

The whole process occur in the blockchain generating a hash transaction every time a bet is placed, this systems hinders any hacker attack protecting the platform and the users.

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Last updated 1 year ago