Chess Betting Site Launches on BSV Blockchain
The BSV Blockchain Network made another move into the gaming sector with the launch of a new chess betting site where players can wager on one another and play for stakes with less than 1 cent (a penny).
With the newly launched PowChess.com players can earn money – even when playing for free, play for micropayments of less than a cent, peer-to-peer games or full tournaments. All earnings are processed in less than 1 second.
The payments and transactions are all logged on the BSV Blockchain and are, therefore, immutable and transparaent.
PowChes.com is based and Registered in Bad Homburg, Germany and Founded by Alexei Torgashov. It claims to be "the only chess server where you can profit from your games".
Indeed there is money to be made in playing chess online. The prize pools of amateur chess tournaments are typically quite high. Case in point, the prize fund of the 2021 U.S. Open Chess Championship was a whopping $50,000.
It's interesting to note that chess is recognized internationally as a sport.
BSV is fast becoming synonymous with gaming.
Built By Gamers, an esports organisation based in North America, has witnessed massive potential in the growth of gaming and the ways that the BSV blockchain can be applied to realise unique use cases in this arena.
Likewise, BSV-powered Crypto Fights is seeing half a million daily on-chain transactions over this past year.
- Alistair Prescott, Gambling911.com
