Technology that Has Helped Change the Face of Online Gambling
Modern technology that has resulted in better programming and faster Internet access is the key driving factor behind the ongoing development of the gambling industry. Gambling is increasingly moving online to the point that online casinos are now more popular than their traditional brick-and-mortar counterparts. Let's look at some of the technological breakthroughs that have helped to shape the modern gambling world.
On top of this image, rows of spinning slots can be animated to recreate the feeling of a real slot machine. However, this animation is only for effect and the real randomization of each spin is done with code in the background. In some modern slots games, this randomization is made secure and transparent using blockchain technology, which makes it impossible for an online casino to trick the player.
Blockchain is the technology on which the cryptocurrency Bitcoin and its many variations were built. It essentially provides a method by which two individuals can conduct a secure transaction online without either party being able to trick the other.
This works by using a very large, distributed network of computers to encode encrypted blocks of transactions within each other that would require an even bigger, more powerful network of computers to decode.
This means that all transactions are recorded in perpetuity, are visible to all users, and are almost impossible to alter after the fact. For online casinos, this technology is very useful for providing a provably fair, trustworthy gambling experience.
These combined technologies have made online gambling a safer, smoother experience than ever before. Research from online statistics agency Statista now estimates that this burgeoning industry could be worth almost $100 billion by 2024 - more than double its current value.