Poker is the hottest game and is said to be the most popular one among its colleagues. Have you ever wondered, how the system is organized from the inside? Today we are going to have a look at what RNG is and how it is connected with the Fair Play.
What is RNG? Random Number Generation is a system, commonly used in gambling and statistically proved its effectiveness in application to various games including poker which results in fair play conditions for the users.
Cryptonia Poker RNG system combines the speed of the traditional number generation systems with the randomness created by Blockchain technology to create an ecosystem that is fair and verifiable. The combination of RNG with the Blockchain technology ensures there are no fraudulent players in the online poker room.
The following points describe how this system is functioning:
Each player generates a seedThe seeds from all the players are processed together in the random number generatorThe data from the server is forwarded to smart contract based on BlockchainEach player can verify the transparency of the whole process, thanks to this combination.
As simple as that. With the online poker system created by Cryptonia Poker Team, you do not have to worry, that someone plays dirty.
Check more details about Cryptonia Project on our website
Ripple has been cited by the Central Bank of Netherlands to be one of the tangible solutions and blockchain innovations that can raise the efficiency of payment systems. The infrastructure that would be laid out with the utilization of Ripple, the Central Bank has compared it being excellent for real-time payments which would bring more speed, convenience and low costs.
“Dutch multinational Bank, Rabobank Group has confirmed tests today with Ripple’s Interledger solution, most likely xCurrent. We are looking for treasure with Chris Huls, RaboBanks blockchain specialist.” -Ripple Netherlands.
When Rabobank Group chose to approach blockchain solutions for financial services, Ripple was first and pilot selection. In a research tagged “Annex to the Vision on Innovations in the payment system,” the forum revealed that the network’s protocol is an example of an innovation that could contribute to that change. This can be done by enabling banks to use the same infrastructure to facilitate real-time payments.
The Central Bank of Netherlands or De Nederlandsche Bank [DNB] explained the technology and solutions which Ripple offers and delivers as a speedy process that takes place every two to five seconds.
“Banks are showing an increasing interest in the Ripple protocol. Integration of the payment protocol would allow banks to offer their customers the ability to transfer any amount of money in any currency to other institutions that use the protocol, without the need for intermediaries. That would lead to cost savings for banks.”
“The interest from the banking sector, in particular, in using the Ripple network means its use could grow rapidly in the near future. It is therefore important to monitor this development closely and to be involved in any steps that banks may take.”
The Dutch retail payment system under process and attempt to be improved by The National Forum on the payment system which is gathered by the Central Bank of Netherlands [DNB] two times/year. Majorly what is talked about in the meeting is finding ways to improve the efficiency of the above mentioned system.
All the top leading cryptocurrencies were no exception to the declining trend taking place this week. However, with the start of the weekend – led to a revers of market by gaining 8.37 percent in the last 24-hours. The other leading coins followed accordingly and now Ripple is finally on the green increasing zone also.
“Blockchains firm is going to promote the introduction of Ripple to banks and set the goal over half of the globe’s banks to adopt the company’s remittance service over the duration of next 5 years.” – CEO of Ripple Brad Garlinghouse
In a post release by the San-Francisco based startup – Ripple declared that if everything goes according to the plan, Ripple will be working together and collaborating with more than half of the world leading banks.
(XRP), has donated $29million to develop the United State public schools as a reply to over 35,000 funding appeals from teachers via DonorsChoose charity fund. In a report by , the fund receiver is to convert the gesture into US dollars within two weeks due to the ongoing cryptocurrency volatility, and at the same time use the donation to refurbish over 30,000 classrooms across the US.
A few days ago, Ripple did announce its partnership with Hyperledger – an open source initiative, marking an important step on unfolding the infrastructure for their long-term view of the Internet of Value. Both firms were very confident about the collaboration as it comes from companies that are based on the blockchain era.
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