Dexsport is a betting platform for sports that is gaining traction among bettors for its user-friendly interface, wide range of wagering options, and innovative features, usage of which have the potential to take online wagering standards to the next level and crush the gambling monopolies. In this article, we will contemplate the features and advantages of Dexsport, and why it might rightfully be considered the best place where you can bet on sports this year. We will oversee the unique decentralized betting engine and explore how Dexsport sets itself apart from the competition. This article will provide you with all of the details you need to make an educated decision on using Dexsport.
How does monopoly in the wagering industry harm the players?
The betting industry’s growth is hindered by the dominance of large operators who have the power to control players’ funds and block transactions, require identity verification, jack up the fees, and sometimes even refuse to pay the winners. As a result many individuals, who have in-depth knowledge of sports, avoid resorting to betting as a source of income. The companies are able to do so because of the centralized betting system: there is a controlling body, such as the government, that only allows very few amounts of betting operators on the market, destroying the competition and basically creating a monopoly.
However, it seems like the days of monopolies in this business are over. Using blockchain technology, innovators have been able to change the sports wagering landscape by introducing decentralized gambling options.
What does “Decentralized” mean in terms of online gambling?
Decentralized sports betting is a novel approach in the area of bookmaking. It is built on an open-source model that utilizes blockchains. Each user becomes a link of a chain that transfers the information. This means that there is no central body that would control the product and all of the participants are part of the system. The open-source aspect gives an opportunity for the community to contribute and improve the platform. In this model bettors create the markets and set the odds, allowing other players to choose whether to bet against the market creator or not.
Dexsport main advantages
Dexsport is a one-of-a-kind platform, so it’s not possible to compare it to other similar projects. However, in comparison to other blockchain-based systems, its superiority of it is clear. Dexsport offers a P2P betting platform with speedy transactions, various betting and live betting options, no restrictions, no third parties, and intermediates, no withdrawal and deposit fees, transparent transactions, instantaneous disburses of winnings and a liquidity pool. These features are not offered by any other existing platform.
Dexsport uses the most advanced systems to protect its users
The platform secures its customers’ data, using Secure Socket Layer (SSL) encryption technology. The security protocol creates an encrypted link between a web server and a web browser to authenticate bettors’ transactions. This way it is able to keep customers’ information confidential while guaranteeing safety against fraudsters and hackers. In addition to that, the platform does not fall under KYC (“Know Your Customer”) rule, which significantly decreases risk of identity theft in comparison to other platforms that require customers IDs and even SSNs and store them on their server. To start placing your bets all you need to do is follow mainnet.dexsport.io/sports, then create a Web3 wallet or link an existing one to the website and you are all set.