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The demand for online gaming and gambling has surged to new highs with the onset of the COVID-19 pandemic. This is mainly due to the restrictions and closure of casinos and other gaming sites imposed by governments around the world in order to prevent the spread of the virus through personal contact. The gambling industry has not really innovated much during the past couple of years. But that is changing; and the year 2020 has proven to be eventful with companies like BitBoss, FYX Gaming, Peergame, Hold Gaming and Esports Entertainment Group developing online gambling on blockchain.
Ayre Group founder and iGaming pioneer Calvin Ayre recently shut down CalvinAyre.com to focus on CoinGeek.com and educating himself about the relevance of Bitcoin in the online gambling industry.
“Once you start learning about Bitcoin and the blockchain it’s built upon, the technical gibberish starts to make sense and suddenly you begin to get why the technology is so exciting. You can follow those conversations on social media, you understand those articles that your peers are sharing. It feels good to be informed and conversely, it feels awful to be uninformed,” Ayre said in a previous interview with Becky Liggero.
After studying the ins and outs of Bitcoin and blockchain technology and how they can revolutionize the online gambling industry, Ayre is ready to weigh in on the future of the iGaming industry on the pilot episode of “Hashing It Out” with Liggero.
“My prediction is everything exciting that’s going to happen in the next 10 years in online gaming—other than the games themselves—but everything else, in the running of business, the operating of the business, the payments of the business… that’s all going to be done on the blockchain,” Ayre said.
"How it’s going to work is operators are going to wake up to the fact that they can run their entire business on it, and it’s the cheapest way to get money in,” Ayre added.
Transitioning to blockchain is not easy, as not all blockchain providers have the capabilities to accommodate online gambling and gaming platforms because they generate massive amounts of data on an hourly basis. On February 2020, Bitcoin SV (BSV) has successfully restored the original Bitcoin protocol through the release of the Genesis Upgrade. This means the protocol is now set in stone and as stable as can be. The upgrade also unlocked the capacity of the BSV blockchain for unbounded scalability, meaning it continuously scales in order to handle big and even bigger data.
"My fundamental prediction is with all these, looking back in hindsight at this whole kerfuffle over what’s the real Bitcoin, what’s best and all that, it’s all going to look stupid because scaling is the only thing that matters. It’s not only important, it’s the only thing important. All of them that can’t scale will disappear, and this platform is going to penetrate everything and everywhere, and it’s going to disappear. Ten years from now, everybody’s going to be using it and nobody’s going to even know what it is,” Ayre explained.
When a billionaire speaks and puts his money on something, people should listen and learn. Online gambling on blockchain is the future; and BSV will make it happen.
