Kryptium team designed and developed a “truly” decentralised platform which relies on the blockchain network to handle the recording of all event data feeds and the management of bets. Since there should be no back-end servers, all recording, matching and settlement mechanisms were designed as a set of smart contracts (available on GitHub), i.e. “unstoppable”, decentralised applications that run on the Ethereum blockchain network. Any user is free to launch their own betting house by deploying these smart contracts from their Ethereum address.
For access to user-generated betting houses, Kryptium developed a dApp (decentralised app) in the form of a desktop client application available for Windows, macOS and Linux computers.
The platform has an ambitious roadmap which includes client-side support for seamless, click-through deployment of user-generated betting houses, a user interface and API for event data updates, and a new web-based version of the dApp which will be available on IPFS (InterPlanetary File System). For more information about Kryptium’s decentralised betting platform, please visit https://kryptium.io.