What are dApps?

Over ten years since the launch of Bitcoin (BTC), blockchain technology has advanced past a simple transaction medium. Vitalik Buterin and his co-founders decided to pursue a bigger vision in 2013, setting the motion for the Ethereum network, which was meant to facilitate payments and fully power decentralized living. Vitalik’s idea of a blockchain network was that of a 100% automated, un-ownable, and un-shuttable digital computer free from any central authority controls. Smart contracts would power automation on the blockchain network and facilitate the implementation of a reliable and fully decentralized ecosystem. The first decentralized application launched on the Ethereum network in 2014; today, over 2000 dApps are running on the blockchain. Other players have come up with other decentralized networks that are already giving Ethereum a run for its money. dAappGambl brings you one of a kind study of dApps. We hope you’ll learn as you enjoy it.

Smart Contract
Smart Contract

Best Decentralized Casinos & Gambling Dapps

Most beginners face the challenge of picking the best-decentralized gambling apps and casinos out of hundreds of online available on the web. Luckily, you won’t have to go through that trial and error period searching for the best gambling dApp because dAppGambl already did the work for you. Here’s a list of the best dAppCasino list.

The Best Gambling dApps

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Decentralized Casinos & Gambling dApps

Decentralized casinos and dApps are still a new concept yet gaining traction faster than fire in the wild. By now, you have a rough idea about dApps. Think about software with a network of data points or nodes communicating. To understand the concept of decentralized casinos and gambling apps, we need to discuss a broader field that includes software centralization and distribution. Let’s get started.

  • Centralized: Centralization doesn’t only refer to a central system of authority, like government. There are communication end-points called nodes in software, such as dApps, and online casino platforms. Only a single node exists for a centralized system, establishing communication among all system users. Centralized nodes have a single communication point, hence easy to control. On the contrary, they are hacker-friendly, meaning if the central client-server is hacked, all other users will be affected too. Similarly, the main system administrator can effect change on all users with just a single click of the button. Traditional applications like Facebook, banking systems, and Alibaba operate on this model, explaining why they experience total system downtimes occasionally.
  • Distributed: Distributed software systems are more advanced than centralized ones. They were mainly developed to offer temporal solutions to the challenges of centralized software. How they work is that communication is spread across multiple nodes meaning there is no single communication point in the system.
  • Decentralized: Lastly, we have decentralized systems, our primary focus area. Decentralized systems are made up of numerous data centres connected to various nodes, eliminating the need for a central server. This makes the network sophisticated; hence, it is impossible to tamper with or pull it down. Even if one node is affected, the remaining ones will keep working, meaning the system will remain stable.

Decentralized casinos and dApps

Decentralized casinos are built on this concept, which is an advantage as it eliminates the need for mediators. At this point, smart contracts come in to implement any requirements needed for a successful transaction. Smart contracts may be a challenging concept for many, but in a simple form, they are automated agreement implementation.

In traditional online casinos, you’d be required to sign up, verify your account and make a manual deposit before you could start playing. Then, after making profits, a player would initiate a withdrawal, which would have to be approved by the system administrator for processing. So if the admins were busy or facing high transaction rates, players would have to wait longer to receive their cash. Fraudulent operators would also make it hard for one to cash out, hoping that you would continue playing and eventually lose your money to the house. At its very basic, decentralized gambling is about eliminating such custodial elements of online betting.

Decentralized wagering incorporates digital coins for transactions on the immutable, trust-less encrypted blockchain network. This entire process ensures high-level integrity for gamblers as their bets remain secure and fair. Each transaction is visible on the transparent blockchain network system. decentralization also removes standard fees that players have to foot while playing in traditional online casinos. Since this is still a new technology, perhaps we are yet to experience the full potential of decentralized casinos and gambling dApps. For now, there is tough competition between early entrants such as BC.Game, MBet, Woltbet, and Moonbet, as each of them strives to offer the most outstanding services to their customers. On the hand, the rise of metaverse casinos and dApps such as FUN and Decentral can’t be ignored too.

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What are Gambling dApps?

Now that we have mentioned dApps several times, we must talk about them in-depth, especially for the sake of our readers coming across this topic for the first time. First, let’s clarify that not all crypto casinos are decentralized platforms. While they may all require you to play with cryptocurrencies, they may not necessarily record all transactions on the blockchain. That means crypto is only used as payment and has nothing to do with how the games are played. Actual gambling on decentralized applications operates on a blockchain network and is 100% powered by smart contracts. The two main aspects of gambling dApps are:

  • Payment: Like any other crypto casino, all dApps payments are made in crypto. However, unlike regular bitcoin casinos, dApps mainly support native network tokens. For example, Ethereum dApps use ERC tokens for betting, although they may accept other forms of crypto payments.
  • Randomness: Most online casinos use a similar RNG method to ensure their games’ randomness. However, gambling dApps use an advanced blockchain process called fairness provably to guarantee randomness and fairness. You can click this link to read about what is provably fair.

Gambling dApps work hand in with crypto wallets or DeFi wallets to create an automated flow of funds, as per the terms of the existing smart contracts. How it functions is that instead of manually sending funds and initiating withdrawals, users attach their wallets to the gambling dApp. This way, funds can be automatically deducted while betting, and profits sent back in the same fashion. Most decentralized gambling applications, however, still have an option for manual transactions. Attaching a wallet to the dApp allows users to bypass many traditional gambling requirements, such as disclosing their identification and transaction details, since crypto payments are automatically secured and verified by the public blockchain network. Withdrawals can be processed instantly by the power of smart contracts without needing extra verification and authorization. At advanced levels, decentralized casinos and dApps eliminate the element of the house edge in some game categories by allowing peer-to-peer gambling where wagerers stake against each other without having to pay the house.

What are decentralized casinos?

By now, you understand decentralized apps, but it’s common to be confused about casino dApps and decentralized casinos. dApps, as discussed, dApp casinos are simply software programs operating on a decentralized platform such as the Ethereum blockchain network. Decentralized casinos, on the other hand, offer a gambling environment where every player can view the public ledger and verify the outcome of each game. Decentralized casinos and decentralized gambling applications serve the same purpose, except that one is an app.

Just like traditional casinos, you can play various conventional and modern games like poker, slots, baccarat, blackjack, craps, dice, roulette, scratch cards, lottery, coin toss, and even sports betting. Gamblers can play peacefully with confidence that they can track and confirm their game results through a provable fair system. Early dApps run on ETH, EOS, and NEM, but TRON, QTUM, and NEO are now coming up strongly as dApps alternatives. The total market cap of Ethereum-built dApps stands at nothing less than $13 billion. Considering that the global gambling market is valued at more than $460 billion, Ethereum-built dApps alone take up about 3% of the total industry cap.

How Gambling dApps Work – The Concept of Smart Contracts

If you have read up to this point, you probably have an idea about smart contracts and how they work already. Let’s now get deeper and dissect the working of smart contracts and gambling dApps. A smart contract is a self-executing contract carrying the terms and conditions of a transaction in lines of code. The code is distributed in a decentralized manner across a blockchain network like the Ethereum blockchain and controls the execution of the contract in a traceable and immutable nature. The history of smart contracts dates back to 1994, when the American programmer Nick Szabo first introduced a concept of a self-executable digital set of instructions and protocols.

In gambling dApps, smart contracts increase player operator trust by creating a trustless ecosystem where gamblers can bet anonymously yet safely without the need for a central authority or external enforcement mechanisms. Gambling dApps are developed with smart contracts and deployed to a blockchain network for execution. However, users must have a web or mobile interface to access them. Many other dApps are not necessarily casinos but offer money-making opportunities not far from gambling. Compound, Maker, and Uniswap are among the significant Ethereum blockchain dApps you should know about.

  • Compound: Compound, as the name suggests, is a decentralized money market protocol built on the ETH blockchain. Instead of your money sitting idle in a crypto wallet, this decentralized application allows users to earn continuous interest by supplying their assets to a liquidity pool.
  • Maker: Maker, commonly called the first DeFi, is an Ethereum-developed financial app behind the stablecoin DAI. It was created to lessen crypto volatility’s impact on DAI and give it stability.
  • Uniswap: Uniswap is a top Ethereum blockchain decentralized crypto exchange platform with its own governance token, UNI. Unlike Binance and Coinbase exchanges, Uniswap isn’t run or controlled by anyone. There is also no order book as the system uses an automated liquidity protocol.

Interaction in all the above applications is also made successful by the power of smart contracts. Unlike traditional institutions where banks could hold back onto some clients’ funds and scam casinos would make away with players’ deposits, smart contracts execute each aspect of their agreement as they should and never fail.

Ethereum, EOS, and TRON Casino dApps

As seen earlier, the Ethereum blockchain so far hosts the highest number of dApps. Developers prefer ETH because it already has a large community of loyal users apart from offering robust creation tools. These factors make the development and deployment of a dApp more affordable and efficient on the ETH network compared to newer platforms. However, network congestion issues pose a significant challenge to the future of dApps on this platform. Congestion impacts negatively on the user experience through inflated gas fees. Already, some developers have started to create their dApps on competing blockchain networks EOS and TRON. Research by dAppRadar on the three networks, ETH, TRX, and EOS, indicated that while ETH is leading in the development, TRX,s is fast catching up.

tron casinos TRON

 

TRON is not sleeping on the job. It’s taking the online gaming industry by the horns. Out of all the apps hosted on this network, over 63% are gambling dApps and casinos. No wonder TRON enthusiasts sometimes refer to it as the “Las Vegas” of blockchain. 888TRON and WINK casinos are some of the most popular TRON gambling projects you need to try out as a gambler. Content creators are rewarded in TRX tokens as a form of appreciation and motivation to build more apps. Like ETH, TRON casinos are provably fair. An added advantage you may not find while gambling on Ethereum-based casinos is that TRON offers extremely high transaction speeds at insignificant costs.

EOS Crypto EOSIO

EOSIO joins TRON in competing with Ethereum in the dApp sector and, by extension, in the decentralized casino space. Due to its numerous advantages, many gambling dApps and decentralized casinos have been attracted to the EOS blockchain. The blockchain was created to offer high-performance, scalable, and lightning-fast transactions. Unlike Ethereum, EOS doesn’t have miners to validate transactions, so users pay zero network fees. You’ll find all major casino games on EOS gambling dApps, including dice games, blackjack, and roulette.

Ethereum is undoubtedly facing intense competition as the preferred platform for dApp development and deployment. When it comes to gambling, speed and cost are everything. That is why TRON and EOS seem to be winning the appeal of decentralized casinos dApp creators. EOS has zero fees and can handle up to 4000 transactions per second compared to Ethereum, which hardly goes past 30 transactions per second. EOS is also pretty fast, with a speed of up to 2000 transactions every second.

Advantages of Decentralized Casinos

Accepts Most Cryptocurrencies: Decentralized casinos accept most cryptos and altcoins, including newer tokens. So, for example, an Ethereum-based dApp would support nearly all ERC20 coins.

  • Anonymity: Crypto transactions are anonymous with zero connection to your everyday life, including banking. Players can enjoy gambling without being monitored by the government or credit providers.
  • Privacy: dApps don’t require you to provide your private data or verify your address and ID. Thanks to smart contracts, your privacy is protected without compromising on safety.
  • Negligible Fees: Unlike traditional casinos, the cost of gambling on dApps is nearly zero.
  • Instant Payouts: Smart contracts allow dApps to run without third-party interference. Transactions take place with zero need for manual approval and instant payouts.
  • Dividends: DApps give players extra benefits outside gambling. For example, players can earn bonuses by staking the native token of a dApp. 888TRON casino is one platform where players make dividends. All it takes is holding 888tron tokens in your gambling account to benefit from a 65% share of the platform’s profit.
  • Provably Fair Games: Provably fairness makes it impossible for anyone to manipulate game outcomes and enables players to verify the results of every round.

Benefits of dApps

Precision

dApps guarantee precision through the power of smart contracts. Missed data, errors, mismatched information, and delays are problems you only experience in traditional and manual systems of doing things. Smart contracts execute all the requirements of an agreement on time and precisely.

Immutability

No one can change or tamper with the details of a transaction. That is because smart contracts are immutable or unchangeable. They distribute records across the entire decentralized network of their blockchain, leaving permanent evidence of transaction proof.

Trustless

The main reason agreements exist is trust, yet history has proven that even with the best contracts, things don’t always go as planned. Players have cried foul play and manipulation in gambling for a long time. The self-executing aspect of smart contracts makes dApps trustless.

Time-efficient

Elimination of go-betweens introduces speed and efficiency. For example, deposits and withdrawals at gambling dApps can be automated by simply connecting one’s DeFi wallet to a dApp. This makes casino payments fast as players don’t depend on a payment provider. Furthermore, the casino doesn’t hold client payments. You win; you get your money in your wallet.

Low cost

Traditional casinos charge gamblers numerous fees making it expensive to play and transact. Welcome to dApp gambling, where you can bet and transact from as low as zero fees. Ethereum-based dApps have varying network fees depending on the level of network congestion. However, alternative blockchains like EOS have no network for transacting. Besides, dApps offer peer-to-peer games where the casino doesn’t require players to pay a gambling fee. Some dApps share a percentage of their profits with users.

Challenges of dApps

dApps and their underlying technology have grown into an over $10 billion market with research. This figure may hit at least $300 billion by 2030, at a CAGR of about 57%. However, one of the critical issues facing the industry is the cost of production. It’s costly to develop decentralized applications, with developers having to invest an estimated minimum of $45K-$50 for an end-to-end, fully functional dApp. It doesn’t end there; the app owners still have to go further and invest a market fee fond users for their platform. Developers for applications like Augur have invested tons of money to a point where the ETH-based dApp now has a market cap of more than $300 million, yet it hardly sees more than 60 daily users. This is a demotivating factor to less established programmers who may not have excess resources to build a dApp and maintain it until it attracts enough users to make it self-sustainable.

What is a dApp used for?

Dapps hold an immense capability to transform the way we live. This is mainly due to their attributes such as:

  • Have zero downtime
  • Reduced risk of cyber attack
  • They can’t be shit down
  • Are unownable.

These characteristics have resulted in dApps being adopted in major industries, from the health sector to banking and even real estate. Of course, uptake is still slow, but as smart contracts become more acceptable in the real world, we will see more individuals and organizations shift to decentralized applications. Some of the noteworthy uses of dApps are:

  • Gambling, e.g., Wink
  • Voting, e.g., Maker
  • Property Registers, e.g., eeshau
  • Portable personal records, e.g., yStrack
  • Speculative investments, e.g., UniSwap
  • Mass Market Storage e.g., Filecoin
  • Digital Ownership, e.g., Decentral
  • Lending, e.g., Compound

How to use a dApp:

We’ll use Ethereum dApps as an example. The process will be generally the same for dApps on other blockchain platforms.
To get started with dApps, follow these steps:

Crypto Wallet 1. Generate a web3 wallet

The first step in accessing a dApp is to set up a wallet that can communicate with the blockchain network. This wallet will be where you will have your funds, basically like an online bank account, just for cryptocurrency and the important fact that you are completely responsible for it. When using dApps, this wallet will serve as a conduit between your browser and the blockchain network.

MetaMask is a popular Ethereum wallet with a Chrome, Firefox, and Brave add-on. In order to link to the Ethereum network, MetaMask allows users to do so using a web browser. Cipher, Trust, and Toshi are popular alternatives for smartphones. Similar to MetaMask, they’re integrated into browsers.
If you need help with setting up your first web3 wallet and how to stay safe, you will find more details at the end of this guide or on our page about web3 wallets and exchanges.

Mobile Payments 2. Deposit some Ether in your wallet

You must first send Ether into the wallet when it has been created. Why? Because in order to authenticate your actions, which will cost you gas fees, you must use some of the blockchain network’s CPU power while utilizing DApps. The nodes that keep the blockchain network running are compensated with gas fees in Ether.

dApps - dececentralized applications 3. Get started with dApps

You can begin utilizing DApps after you have an Ether wallet. See how far technology has come by using the above-mentioned browsers to access dApps. Once you access the dApps, a window will open in which you will have to confirm that you want to connect your wallet to the dApp. Once this is done you can start playing, as long as you have the required crypto currencies on your wallet.

Lightbulb - idea in the making Additional Info:

If you need to have another crypto currency than ETH, you may simply send the required crypto to your wallet. You can buy crypto currency on centralized exchanges or decentralized exchanges.
If you buy them on a centralized exchange like Binance, you will have to send the crypto to your web3 wallet. Be sure to select the right blockchain network or your funds may be lost.
If you buy the crypto on a dApp exchange like Pancake Swap, you may simply connect your wallet to the exchange, choose the crypto you want to swap to and then add the crypto within your web3 wallet, so that you can see it. To do this, you will need to have some crypto to use for swapping into other currencies.

Security & Transparency with Decentralized Gambling

Security is a top-tier aspect of gambling. Luckily, crypto takes it a notch higher with decentralization. Unlike single data-point systems, blockchain-based data is spread across different nodes, making it more secure than traditional banking methods. In addition, players are not required to fill in personal data like names and credit card details during payments, eliminating the chances of private data leaking to fraudsters. In terms of transparency, decentralized gambling is open source, meaning anyone connected to the public ledger can validate the information. This is made possible by provable fairness decentralized gambling system that allows players to confirm the fairness of their game outcomes.

Return to Player Values at DApp Casinos

Traditional gambling always favoured the house in all aspects. First, players would have to contribute a percentage of their capital in favour of the house edge, and the return to players would always be unfair. This is not the case with dApp casinos. With low costs of transactions, zero rental costs, and no employees to pay, decentralized casinos can offer insanely high RTPs to their players. Average payouts range from about 94% to 97%, but this usually goes to as high as 99.90% in some game categories. Besides that, the percentage return for each game is usually clearly indicated.

Normal Online Casinos vs. DApp Casinos

DApp casinos and regular casinos have a lot of similarities. For example, you can play the same games in both. Whether you’re a slot lover, baccarat, roulette, or poker fan, you will not miss what to play in both regular online and dApp casinos. That aside, decentralized casinos have additional money-making opportunities such as staking, which are not available in traditional online gambling platforms. The operation model also varies greatly since decentralized operators run their business on blockchain compared to the web. This gives dApps an upper hand in terms of security due to the inherent safety features of crypto and fairness through provably fair technology. On the other hand, regular online casinos seem to be more sustainable in the long run. Cryptocurrencies can be highly volatile, forcing some players to return to less volatile FIAT casinos. That said, the decentralized ecosystem is still growing, and it’s safe to say that once dApps become more efficient, they will overtake standard online casinos very well.

 

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Parting Shot: Begin Playing at the Best DApp Casinos

Dapps are still struggling to stabilize the gambling industry, but their popularity is rising faster than a rocket. There’s definitely more to this than just the usual crypto hype. The truth is that decentralized gambling comes with a plethora of benefits that can’t be ignored. The main driving forces behind the rise of dApp casinos include:

  • Provably fair gambling
  • Faster payment speeds
  • High RTPs
  • Increased player to casino trust
  • Lower gambling fees

So if you are missing out on a lot if you haven’t started gambling in a decentralized casino yet. Sign up with a reputable dApp gambling platform like 888 Tron Casino and start enjoying the benefits of decentralized betting now.

FAQs

What is the best blockchain for gambling dApps?

There is a drawback to Ethereum Casinos, as the Ethereum Blockchain does have expensive gas fees. All in all, any blockchain can be a good choice, depending on your own individual situation and priorities. However almost any blockchain is a good choice. It is more a question of “which dApps?”. There are multiple blockchains that currently have gambling dApps running on them, including. Ethereum, Binance BSC, EOS, Tron, Polygon (Matic), Hive, Neo, Fuse, Avalanche.

What is a gambling dApp?

Decentralized casinos, also known as gambling dApps, run entirely within DLTs. As all other dApps they utilize smart contracts and open source programming to be more transparent and increase their trustworthiness. This also includes that game outcomes are public and verifiable, this means that players as well as casinos do not have to trust or rely on a third party to verify the game fairness.

How do I use dApps on my iPhone?

There will no longer be a dApp browser option in Trust Wallet as of June 2021, according to the company. Because of Apple’s app store policies, this had to be done. However, funds and other Trust Wallets features are unaffected by this. dApps can be accessed via Chrome, Safari, or Firefox browsers on the iPhone. Another option is to link WalletConnect with Trust Wallet or use alternative mobile dApp browsers like MetaMask to access dApps.

How does dApp pocket work?

Dapp Pocket is a reputable blockchain wallet app designed for dApp and cryptocurrency enthusiasts. It’s a safe and simple method to keep track of your crypto holdings. On your phone, dApp Pocket lets you exchange ERC20 tokens from numerous platforms and engage with dApps.
Dapp Pocket, which connects to well-known exchange platforms, makes it possible for consumers to purchase crypto assets with just their credit card via dApp Pocket.

How do I secure my web 3 accounts?

As a safety net, the private key of your web 3 wallet or dApp accounts includes a recovery phrase. Please do not save your recovery phrase or any password online, write them down in a notebook and keep it somewhere safe and hidden.

How do I use my trust wallet to access dApps?

To enable your trust wallet to connect to dApps, you’d need to first download the Trust wallet on your device. Once downloaded, you’ll need to follow the steps below:

  1. Step: Once the download and installation is done, tap on the Trust wallet icon and watch it load up.
  2. Step: Find the settings icon by scrolling down the navigation bar. Locate a pop up menu and tap on preferences to proceed.
  3. Step: Toggle the “dApp Browser” option to enable it. Once enabled, you’ll find the dApp browser menu positioned at the bottom bar of the page.
Julien Ross
Written by Julien Ross verified symbol Crypto Enthusiast
23 Articles

Julien is a digital experience writer and storyteller building bridges between his new love for the crypto space and his passions for remote work, travel, and entrepreneurship. He is the owner and operator of Content by Design and Blockheads! Creative. This all means that he’s able to seamlessly shift between the different passions in his life. His writings about crypto are all tinged with his love for creativity and desire to share his knowledge with the world. The world of travel and working remotely means that Julien has the ability to easily keep up to date with all of the latest innovations within the world of crypto. As a byproduct of that, he then uses his flexible working life to ensure that the latest info is shared with our readers. Of course, he also shares knowledge through his other business interests. He’s been able to build up a huge amount of experience when it comes to teaching others. Whether it is organizing conferences and bringing in the best keynote speakers or even leading talks himself, Julien has enough expertise to back himself in any situation. With crypto being a big part of his life, it wasn’t a surprise to us that he wanted to join our team. His desire to keep growing his own knowledge base, while also sharing what he knows with others, means that this is the perfect home for him. We feel as though it is our pleasure to have Julien on the team. His level of knowledge and attention to detail means that he can provide the very best content for our readers. This ensures that our dedication to providing high-quality and detailed reviews is followed up by Julien. The skills that Julien has developed as a storyteller mean that he will always lead to the right path.

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Reviewed and Fact Checked by Vlad Hategan , NFT Gaming Specialist