DEFINITION:
"Provably fair" is a concept in the online gambling and iGaming industry that refers to a cryptographic algorithm used to ensure the fairness of a game.
This system allows players to verify that the outcome of a game round is truly random and has not been manipulated by the casino or any third party.
In other words, it provides a way to prove that the game is fair.
How Does It Work?
- Initial Hash: Before a game round begins, the server generates a secret seed or hash and shares its cryptographic hash with the player.
- Player Input: The player also provides a seed, known as the "client seed," for the game round. This ensures that neither party can predict or control the outcome.
- Game Outcome: The game is played, and the outcome is determined by using both the server and client seeds in the algorithm.
- Verification: After the game round, the player can use the initial hash and the known algorithm to verify that the outcome was indeed fair and random.
Advantages
- Transparency: Players can independently verify the fairness of each game round.
- Trust: Builds trust between the casino and the player, as outcomes can be verified.
- Security: Reduces the risk of fraud or manipulation from either party.
Common in Crypto Casinos
Provably fair gaming is particularly popular in crypto casinos, as the decentralized and transparent nature of blockchain technology complements the concept well.
In summary, "provably fair" systems offer a transparent and verifiable way to ensure that online gambling games are conducted fairly and securely.