Matt Dickson reveals new Bitcoin SV gambling tech at CoinGeek Seoul

The combination of money and data makes Bitcoin SV (BSV) a powerful technology, but in gambling, it may have found a perfect fit. Bitboss has been working on BSV applications to revolutionize the gambling industry, and at the recent CoinGeek Seoul conference, Matthew Dickson, CEO and co-founder of the company, revealed some amazing stuff they have on the way.

After introducing the company to the crowd, Dickson quickly touched on Keyring, the BSV javascript library Bitboss developed while making their products. As we’ve noted previously, Bitboss made Keyring available to all developers, a move which was intended to make developing on BSV easier for everyone.

While blockchain gambling makes one think first of online gambling, Bitboss is also working on applications for brick and mortar casinos. Bridge, a new hardware product from the company, is going to be a huge leap forward for slots and other electronic games found in casinos.

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Consisting of a Bridge Wallet, Vault, Link, and ecosystem, Bridge technology is an end to end solution to allow players to play their favorite slot, have that machine update the back-end of the casino, and to communicate with a player via their phone, either their current credit amounts or marketing items the casino wants to put in front of them.

Dickson explained the technology to us in full on the sidelines of the event:

Bridge is a new hardware product we designed. It’s roughly $100 U.S. right now, so it’s very inexpensive. It runs Linux, we insert it into a slot machine, and it intercepts the communications going back and forth between the slot machine and the backend server that runs a casino. And using that, we can then rout cryptocurrency, whether it’s a token or actual cryptocurrency, whatever the casino would chose, on and off the slot machine. And it replaces the traditional tickets that you print out when you want to cash out of a slot machine.

I think the main idea we like to relay to people though, is that by moving those credits off of a piece of paper and onto the clients, or the customers cellphone, you now have a much better opportunity to market to your customer, because they always have their cellphones. And there was a time when we said that a certain demographic wouldn’t have a cellphone, an older lady may not have a cellphone, but I think those days are gone.

So the traditional slot machine customer now has the world’s greatest marketing device in their hands, online, all day long. And by the casino connecting to their customer through the cellphone, they have new and innovative ways they can start to market.

The next major item of Bitboss’ demonstration was the games that they have released, or are currently working on. Using the BSV blockchain, they’ve created baccarat, roulette and lottery games, and are currently working on sicbo. But it’s not just their own offerings, they also plan to offer Bitboss as a platform for other game developers to build on.

We followed up and asked them how far away we are from having these games rival traditional offerings. “I think we’re very close,” he answered. “So there’s a lot of online casinos now that accept [BTC] or BSV or Litecoin, whatever it may be, as a method of payment. What we’re trying to do is actually replace the entire infrastructure so that all the transactions are happening on the chain as well. And we’ve taken a lot of care to create very high value content… These games will have provably fair built in as well. So they’ll function just as well as a traditional online product, they’ll have provably fair built in, and they’ll run on the blockchain.”

Matt Dickson reveals new Bitcoin SV gambling tech at CoinGeek Seoul

Using their Secure Split Key technology, Dickson sees BSV gambling as a huge leap forward for operators. “By using a blockchain you decouple the necessity for the client, the customer, to talk directly to the server,” he noted. “So the client can talk to the blockchain, the casino can talk to the blockchain, and they just use the chain as a data layer, and a transactional and data layer to do the communication. And by its design, security is built into every transaction on a blockchain. So it eliminates a lot of the big worries that traditional operators have today.”

Dickson also spoke about provable fairness, a concept in blockchain gambling where the player can check for themselves that the games are totally random and fair, and Bitboss’ use of tokenized to ensure gambling actions are completely following. It’s a concept that can be very attractive to regulators too, and we asked him about their focus on these officials. “We’ve actually taken great lengths to talk to regulators and to talk to bodies around the world that certify products as well,” he said. “And to try to get the standards written to encompass blockchain technology… By introducing provably fair into every transaction, a regulator can look at an operator and say yes, they are doing this with 100% fairness. And that’s really what a regulators after, right?”

CoinGeek Seoul Conference Day 2 highlights

While the first day of the CoinGeek Seoul Conference at the Le Meridien Seoul dove deeper into the technical capabilities of Bitcoin SV (BSV) blockchain, Day 2 looked at the actual use cases for the real world—from real estate, tech, gaming and entertainment, as well as environmental innovation and more as speakers and attendees discuss the business models and opportunities enabled by BSV.

Founding President of the Bitcoin Association Jimmy Nguyen opened the day, which was filled with announcements as companies introduced their BSV-driven projects. One of the biggest news was the introduction of ONEStore’s BUSKON, a platform musicians can use to upload their work and get paid in tokens bought for BSV.

“BUSKON is a music content distribution. Music players upload their content, while the customer, they listen or watch, [and] if they like, they just give a token to them [uploaders],” ONEStore CEO Jay Lee told CoinGeek, explaining why they chose BSV. “We made a lot of trial and errors, so finally we found that BSV can resolve all the issues we have.”

CoinGeek Seoul Conference Day 2 highlights

BitBoss, meanwhile, introduced a new casino product that aims to onboard crypto users in the space. In his presentation, CEO and co-founder Matt Dickson explained how they started years ago with a private chain called Multichain, which led the company in the right direction—to BSV.

Now, their new hardware product Bridge is poised to become a huge leap for slots and other electronic games found in casinos. Bridge is an end to end solution that allows players to play their favorite slot, have that machine update the back-end of the casino, and also communicate with a player via their phone, either their current credit amounts or marketing items the casino wants to put in front of them.

Using BSV, BitBoss has already created baccarat, roulette and lottery games, and is currently working on sic bo. The company also plans to offer Bitboss as a platform for other game developers to build on.

When asked how far away we are from having these games rival traditional offerings, Dickson said “we’re very close.”

So there’s a lot of online casinos now that accept [BTC] or BSV or Litecoin, whatever it may be, as a method of payment. What we’re trying to do is actually replace the entire infrastructure so that all the transactions are happening on the chain as well. And we’ve taken a lot of care to create very high value content… These games will have provably fair built in as well. So they’ll function just as well as a traditional online product, they’ll have provably fair built in, and they’ll run on the blockchain.

For Centbee, it’s all about crossing borders. The African Bitcoin payment solutions provider announced a new offering, Centbee Remit.

“It’s really good to disrupt cross-border remittance in the country,” co-founder and CEO Lorien Gamaroff told us. “In Africa, it’s infamous the high costs that it takes to move money, and you know, averaging 15%. Because of our innovative technologies, we believe that not only is this going to be a convenient and easy to use, cheap product, but it’s going to comply with all local laws and regulations.”

Also taking the center stage is WeatherSV, explaining how weather—on the blockchain—is bringing data driven industries to a whole new level. Founder Paul Chiari noted in his speech, “We see weather is important to everybody some way or another, and has a big impact on things like transport, insurance.”

On the sidelines of the event, Chiari explained to us the big idea behind WeatherSV: “It’s part of a bigger idea around agriculture industry and other industries. There’s a lot of waste and things like that. I see that data, you know, autonomous data collection from IoT devices and other ways, by getting their data and sharing it and utilizing it throughout supply chains and things like this so you can save a lot of waste, minimize a lot of waste and create a lot of efficiencies.

The fireside chat between Nguyen and nChain chief scientist Dr. Craig Wright was undoubtedly one of the biggest highlights of the two-day CoinGeek Seoul Conference. Aptly titled, “The Satoshi Chronicles: Part II,” the chat revealed a more emotional side to the man who created Bitcoin as he recounted his original vision for Bitcoin and what ultimately led him to a hiatus from the Bitcoin community.

Bitcoin, according to Dr. Wright, was created as an honor system—not for facilitating drugs and other “evil things” and illegal activities. The goal was for everyone to build applications that would positively impact people. Instead the very first commercial application that was built by someone on Bitcoin was, unfortunately, a heroin store, which eventually led to the creation of the Silk Road.

This led to Dr. Wright helping build software for tracking criminal organizations; however, he still felt his whole life’s work was being put to waste, and became “incredibly disillusioned.” Dr. Wright felt responsible and very remorseful for the casualties caused by the products sold on the Silk Road, to which Nguyen responded with, “I’m going to tell you, my friend, it’s not your fault.”

Even the attendees were riveted by the “insightful and very honest” discussion. David Case, chief architect of Kronoverse, told us on the sidelines of the event: “It was refreshing to hear his views in a historical context.”

George Siosi Samuels, managing director of Faia, noted the “good match” between Nguyen and Dr. Wright, saying, “Jimmy does a great job bringing out Craig’s relaxed side.”

For Brad Monahan of Jumpstarter, it’s all about accountability. He told us:

You can sense that he’s trying to bring the best in the world, and you know, for someone to come out and say, ‘Hey, I’m Satoshi Nakamoto. I’ve created this,’ and also, he’s also about accountability, and for him to sit up on that stage and say like, you know, ‘This was causing so much problems, and I brought that.’ He didn’t physically do it, but he built the platform for people to do it, but the fact that he came forward, it means righting the wrong, he’s building Bitcoin SV, and he’s pushing what Bitcoin’s originally supposed to be. It really shows he’s backing up and making things right.

The two-day CoinGeek Seoul conference came full circle with Nguyen closing the event by delivering the key message to the Bitcoin ecosystem: “It’s time to build.”

Catch all the recaps, interviews and highlights from the CoinGeek Seoul Conference here at CoinGeek.com.

Keyring releases update to support OP_FALSE, OP_RETURN

Steve Shadders, nChain’s lead developer and cryptocurrency guru, inarguably understands the inner workings of digital currency better than almost anyone. He brought his expertise to Bitcoin SV (BSV) to help keep the original Bitcoin alive, and has been working tirelessly to further Bitcoin’s innovation. So, if he believes that changes should be made, it’s a good idea to listen. The company behind the BSV JavaScript libraries Keyring, BitBoss, did just that and has announced that it has upgraded Keyring to support the new OP_FALSE OP_RETURN script type.

Shadders first explained the entire issue surrounding OP_RETURN in a detailed blog post that is definitely worth reading. BitBoss was paying attention and announced in its own post on Medium that it had taken the programming expert’s viewpoints into consideration, making the appropriate changes to its offerings to tighten up applications and prepare for BSV’s Genesis upgrade, scheduled for next February.

Bitboss explains, “This change will ensure that all apps being developed with Keyring will maintain consistent behavior both now and after the Bitcoin SV Genesis upgrade. Instead of starting a script with OP_RETURN, it should start with OP_FALSE OP_RETURN. A locking script that contains this will always fail when it hits this sequence of op codes both now and after the Genesis upgrade, which is the proper, secure behavior.”

Keyring was initially designed to be a series of JavaScript libraries BitBoss could use for its specialty, online gaming solutions. However, it quickly morphed into something that was found to be beneficial to the entire Bitcoin ecosystem and is continuously updated in order to “help the entire Bitcoin SV community of developers.”

This is an important update, as the original use of OP_RETURN, combined with the OP_SEPARATOR field, was such that there was a bug that could have allowed coins to be spent without going through the proper verification procedures. The issue dates back to the original Bitcoin code and had been patched by Satoshi, but the patch was nothing more than a temporary band-aid that didn’t completely resolve the issue. Shadders’ solution helped to close the loophole completely and support for OP_FALSE OP_RETURN was included when Bitcoin SV v0.2.1 was rolled out in July.

Bitcoin SV Vision: Episode 25

President of the Bitcoin Association Jimmy Nguyen is back with a new episode of the Bitcoin Vision, looking at the latest developments in the BSV ecosystem. In this episode, Nguyen looks at the latest progress in BSV’s journey as it continues to grow towards massive scale adoption, to meet the original whitepaper vision of bitcoin.

CambrianBSV Bootcamp

Many leaders from the development community came together for the CambrianBSV Bootcamp, a week-long intensive program for building on BSV, with a focus on applications generating transactions on the BSV blockchain.

Organized in partnership with the Bitcoin Association, the event took place in the idyllic surroundings of Bali, Indonesia, bringing together top BSV developers from around the world to share their knowledge.

Leading developers spend the week collaborating with and learning from their peers, with representatives from some of the world’s most notable BSV projects in attendance. Throughout the week, workshops from leading developers, as well as live video meetings with academics like nChain’s Dr. Craig Wright, helped the event get off to a flying start.

Nguyen said the Bitcoin Association was delighted to help with the event, and extended the invitation of support to other groups thinking about launching their own BSV bootcamps and events.

2nd BSV Virtual Hackathon

Nguyen discussed the 2nd BSV Virtual Hackathon, ahead of final judging at the CoinGeek Seoul Conference on October 1-2. During the event, the three finalists from the virtual hackathon held in August will be judged by a panel of industry experts plus the CoinGeek Seoul audience, to determine which project ultimately goes on to be declared the winner.

The judging panel for the event will be comprised of nChain CTO Steve Shadders and nChain chief scientist Dr. Craig Wright. They will be joined by Lin Zheming, CEO and founder of Mempool, as well as prolific tech investor and film producer Sam Chi.

Their votes will be combined with a single audience vote to determine which of the projects is the overall winner, and to determine the share of the $35,000 prize fund—payable of course in BSV. 

Ellipal

In a sign of the growing appeal of BSV to crypto users on a mass scale, hardware wallet manufacturer Ellipal announced it has added support for BSV to its leading Titan wallet. A super secure storage system for crypto assets, the wallet allows users to store private keys offline for maximum security, which provides an easy to use interface for a seamless user experience.

According to Ellipal, support for BSV was introduced in response to strong user demand, at a time when more people than ever are choosing BSV as the original and most effective vision of bitcoin.

BitBoss

Ever fancied winning some BSV? Now you can, with BitBoss. BitBoss has introduced the world’s first casino tokens on the tokenized protocol, designed for use in gaming applications.

The tokens mean mobile games can run using BSV or custom casino tokens recorded on the blockchain, with double-sped protection in place to guarantee security. The tokens can initially be used in conjunction with games like lotteries and baccarat, demonstrating the capabilities of the token which could ultimately become a standard in blockchain gaming.

The choice to release on BSV means microtransactions can take place on a low cost, fast settlement basis, allowing for more efficient gaming on the blockchain.

WallStreet5

Notable BSV supporter WallStreet5 is back with another generous donation to furthering the work of the Bitcoin Association and BSV. WallStreet5 previously donated BSV to fund travel costs of developers to attend CoinGeek Toronto, and has repeated the feat with an offer of up 150 BSV in donations to the Bitcoin Association to fund more places at the conference.

Thanks to their generosity, approximately 20 developers, including runners-up for the Hackathon event, will now be able to travel to Seoul for the CoinGeek Conference on an all-expenses paid basis—more than worthy of this episode’s Satoshi Shout-Out.

The CoinGeek Seoul Conference runs from October 1-2. Get 20% off the conference tickets when buying with BSV, plus conference attendees can also take advantage of exclusive discount to the Le Meridien Seoul. Check out this link, select “Group code” at the Special Rates tab and simply type the promo code RE1RE1A to receive the hotel discount.

Bitcoin SV leveraged: BitBoss launches Tokenized-powered casino tokens

Casino blockchain app BitBoss has launched the first casino tokens on the Tokenized Protocol for mobile gaming, in a move that looks set to revolutionize the gambling experience on blockchain.

The real money gaming solutions developer has embedded baccarat and lottery games within a dedicated Bitcoin SV (BSV) wallet, with the games powered by native BSV or custom tokens, such as those specifically created and branded for single-casino use.

The platform enables provably fair betting via the BSV blockchain, with bets and results written to BSV transactions. Payouts are adjudicated and administered by smart contract, with double-spend protection built in to the platform.

In a post on Medium, Alex Shore, co-founder and CTO of BitBoss described how the platform uses smart contract processes to process bets and transactions.

As bets are sent to the Bitcoin SV blockchain, a BitBoss designed smart contract processes the bet and places both bet results and payout transactions back onto the chain. They include their double spend prevention technology when using native BSV, and leverage Tokenized’s double spend prevention when bets are placed using a custom token.

According to Shore, the developer is now focusing on their slot machine integration, which would see players sending tokens directly to and from the slots game to their device wallet.

“What’s next? BitBoss will be incorporating provably fair functionality into their mobile games using their patent pending technology,” he noted. “The Tokenized Protocol will also power their Slot Machine integration by allowing players to send tokens directly to a slot machine from their smartphone and then later cash out back to the phone.”

Powered by BSV, the platform makes effective use of BSV double-spend protection, as well as relying on BSV infrastructure and tokens to deliver an optimal blockchain betting experience.

BitBoss now using Tokenized protocol on Bitcoin SV

Crypto gaming company BitBoss has announced it is now processing tokens on the Bitcoin SV (BSV) blockchain, in what has been described as a major milestone for the company.

The implementation means BitBoss users will now be able to send and receive tokens on top of the BSV blockchain, opening up access to the benefits of low transaction costs, fast transaction times and scalability-by-design.

According to a post on Medium, BitBoss has been developing via the Javascript implementation, its own contribution to the open source project behind the Tokenized Protocol.

Justin Laue, chief engineer at BitBoss, said the development will allow users to create and send custom tokens within their BitBoss wallets, for even greater functionality on the platform.

“This is a major milestone with our cryptocurrency wallet technology. We leveraged the BitBoss Keyring libraries to develop our BSV wallet, and now we are able to create and send custom tokens within that wallet. We’d like to extend our thanks for the amazing ongoing support that the Tokenized team has provided us throughout our development cycle.”

BitBoss is a gaming company, providing blockchain solutions for the sports betting and casino sectors. According to the Medium post, BSV tokens will allow the firm to experiment with new products.

The firm likened the functionality to ERC20 tokens on Ethereum, while highlighting the particular benefits of choosing BSV.

They explained, “Similar to how ERC-20 tokens power creative solutions on Ethereum, BitBoss is using Tokenized for similar capabilities on BSV, where it can also leverage the highly scalable network, extremely low transaction fees, and built in double spend prevention functionality.”

While there are limited details available on how BitBoss intends to develop its platform with these tokens in mind, it’s not difficult to imagine possible implementations. In the casino sector, for example, custom tokens could represents different chip values, or could be used to otherwise identify or reward users as they play.

In adopting BSV, BitBoss is the latest blockchain firm to recognize Bitcoin SV as the superior technology, and the only protocol following the vision that Satoshi Nakamoto set out in his original whitepaper.

BitBoss updates Keyring libraries for BSV

BitBoss updates Keyring libraries for BSV

BitBoss, a blockchain-centered company with a focus on gaming platforms and solutions, has been busy developing on the Bitcoin SV (BSV) blockchain. It recently introduced its new Keyring JavaScript libraries, designed to help developers code applications that are able to create and sign transactions on the network, a solution that facilitates the easy creation of new cryptocurrency wallets. Keyring was just launched last month, and BitBoss continues to make it better, providing yet more real-world applications for the BSV network.

In a Medium post from this past Monday, Alex Shore of BitBoss announced the updates, stating, “The latest version includes 3 new plugins that offer functionality for validating transactions as well as both MessagePack and CBOR data encoding.”

He added, “The validation plugin allows a BSV developer to easily verify a transaction before sending it off to a BSV node. This plugin adds a validate method to the Keyring transaction instance. It checks that a transaction has inputs and that they are signed, that the transaction outputs are over the dust amount, and that the transaction has a fee included.”

The libraries can be found on Github and npm. They’re impressive innovations that are worthy of being tied to the BSV blockchain and are available, in part, due to the attendance by some of the Bitboss expert brains at the recent CoinGeek Conference Toronto. The conference brought together some of the greatest minds in the Bitcoin ecosystem to discuss what is happening and where the industry is headed, and allowed attendees to interact with the professionals on subjects such as on-chain scaling and mining.

Keyring is just one of the many projects being built on the BSV blockchain, the only blockchain that follows the original design of Bitcoin per Satoshi Nakamoto. It’s because of this steadfast understanding that Bitcoin was introduced to the world in a mature form that BSV has made sure the concept has been able to live on, and why some of the best, real-world developments occur on the network. As BitBoss, nChain and others continue to innovate and show how viable and flexible the BSV blockchain is, it will continue to receive the recognition it has worked hard to earn.

BitBoss releases javascript library for Bitcoin SV wallets

BitBoss releases javascript library for Bitcoin SV wallets

There’s another exciting new release for the Bitcoin SV (BSV) blockchain. BitBoss, a company that specializes in blockchain gaming innovations, has released Keyring, a new collection javascript libraries for BSV.

The Keyring libraries, hosted on GitHub and at npm at @keyring/bsv, will help developers to code apps that can create and sign BSV transactions, allowing them to easily create new wallets. Alex Shore, chief technical officer of BitBoss, told CoinGeek:

“We built Keyring for our own needs while developing our online gaming ecosystem that runs on Bitcoin SV, however we plan to enhance this library in an effort to help the entire Bitcoin SV community of developers. All contributions of code, feedback, and feature requests are welcome. We will be using GitHub issues to track work and will monitor it closely.”

Keyring has been designed to work with BSV first and foremost, and it uses all of BSV’s functionality, including support for larger OP_Return sizes. Their website states, “With KeyRing it is very easy to add new op returns and script templates because of how the library is designed to work with multiple chains.”

This new addition to the BSV development community demonstrates once again the maturity and collaboration present in the Bitcoin industry. BitBoss are first and foremost game developers though, and their website has sneak peeks into several gaming innovations they are currently working on, including blockchain-based slots, lotteries and a sportsbook.

This is a timely new resource for BSV, considering the Bitcoin Association recently announced the unveiling of the Bitcoin SV Scaling Test Network (STN). Developers and businesses now have easy to use code to help develop new applications with, and a professional test environment to fully stress test those applications for their business needs. Considering Keyring was built as a part of gaming development already, this is a perfect combination for gambling applications that need wallet applications tested on a massive scale.

This also adds to the education tools already released by Money Button. Their CEO, Ryan X. Charles, announced a suite of resources for developers to learn from, which has expanded to over a dozen articles since its release in March.

If you’re a developer who’s interested in using these new Keyring resources, you might be interested to join the upcoming CoinGeek Toronto scaling conference as well. Winners of the first BSV hackathon will be announced, and you can register now to be there. Save money on your entry too by paying with Bitcoin SV via Coingate.