Bitcoin SV (BSV) is making it even easier to operate an online gambling site, due to its ability to offer safe, fast and secure transactions as a payment system. Phun.io now offers BSV as its exclusive deposit and withdrawal option, and they’re developing a fun site with easy to use features.
The site describes itself as “The First Bitcoin SV Crash Game.” If you’re unfamiliar with a crash game, it works like this: Users bet a number of bits, and then compete against the house and other players in a virtual game of chicken. As a multiplier increases, players must decide how quickly they want to cash out. At a random interval, the game will suddenly crash. Any player who hasn’t cashed out will lose their bet, and those players who cashed out nearest the crash will collect a bonus. The house guarantees their 0.5% edge with a 1 in 101 chance that the game will crash instantly, paying out none of the active players.
The site opened in early 2018, and originally accepted Bitcoin Cash (BCH) as their only transaction method. In December, about a month after a contentious hard fork that saw BSV reborn as the original vision of Bitcoin, the site founders decided to switch over to BSV as their exclusive payment option.
According to the founders of Phun, the site is provably fair, and offers free BSV every hour from their faucet to get players started on BSV, or to keep playing if they bust. Every few hours, a moderator will gift BSV to active players as well to encourage them to play on.