What is Etheroll Coin (DICE)?

Introduction

Etheroll Coin is a cryptocurrency, which guarantees 100% fair gambling. Based on the Ethereum protocol and Ethereum Smart Contracts, DICE is an online casino that offers just one game – a dice roll game where you predict the roll of a 100-sided die.

Etheroll is provably-fair and transparent dice gaming Dapp that enables individuals to place bets on the result of a 100-sided dice roll, with no deposits or sign-ups, using Ether.

Etheroll Coin

 

Etheroll Coin – The Cryptocurrency

Etheroll Coin calls its coin “DICE”. This name refers directly to the actual concept behind Etheroll.

The coin has the function that it can be used as a bet. If the user sets a certain number of coins, he will receive credit on his online casino account.

There are a total of 7,001,622,64 DICE coins. If you are the owner of that coin, you have special privileges on the platform.

The whole process is done in such a way that the user bets on the result of a 100-sided dice, which is thrown.

The result is therefore a number between 1 and 100, and in order to win the game, the result of the dice must be lower than your own number.

Over time, a credit will build up on the platform. This can be paid out every 12 weeks, then the credit is released for five days.

If you forget this, your balance will be returned to the casino “house bank”.

However, the concept of Etheroll Coin is very different from common online casino websites.

Etheroll is not manipulable and demonstrably fair. The Ethereum Smart Contracts receive a random number from the website “random. org”.

Finally, Etheroll Coin does not use the exact number suggested by “random. org”, nor does Etheroll Coin have the possibility to look into the Etheroll database and possibly manipulate it.

Furthermore, Etheroll records every number that has already been used on the blockchain. With the help of the TLSNotary Proof no number can be reused in the same way.

In addition, each user can see the serial number Response by viewing the event filter in the Ethereum Wallet or via the browser Mist, which is also linked to the TLSNotary Proof.

Another way to check the fairness of the site is to browse the source code and check the verification link.

Etheroll Coin – The Company

There is no concrete name behind Etheroll Coin. Only a few sources give the name “James”.

He is a passionate developer with more than 15 years of experience working with Microsoft and Google clients.

In the early 2000s he developed Flash Banners. He also collaborated on the first Microsoft Live Streaming, which ran via Silverlight. James loves codes, when he first heard about Ethereum at the beginning of 2016, he was bored with the crypto currency.

He immediately began to learn the Solidity Code. Inspired by cryptocurrencies similar to Augur’s prediction markets, he came up with the idea of looking at a market for non-real events.

James loves blackjack and gambling, but he was sure that the games often didn’t go well in online casinos.

He combined his two passions in a new idea: 100% fair gambling with block chain technology.

Conclusion

Etheroll wants to be the market leader in fair gaming. With the help of the Ethereum technology and the Ethereum network, the founder of Etheroll Coin has created a unique platform for its users.

The dice game is provably fair and relies on the Ethereum smart contract system. You don’t need to register an account to play – you just need to use the Mist browser and sync to the latest Ethereum block. The house has a 1% edge on all rolls.

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You can’t buy it directly for fiat on any exchange. You can choose the best BTC exchange for your region and buy BTC there, then trade it for ADT  on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.

Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase has acceptable fees and limits and it is a leading platform for buying BTC.

If Coinbase doesn’t support your country, use Cex.io – read how Cex.io works – it is as good or even better than Coinbase. Coinmama is also legit exchange for buying cryptocurrencies click here to visit Coinmama.

If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is secure place to buy crypto), instantly and directly to bitcoin.

Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet (if it is supported) – our recommendation is just go and buy Ledger Nano S or Trezor Wallet or KeepKey, those are the safest options.

You can read our articles on how to use Ledger Nano S wallet and where to buy it and Trezor Wallet Review or check out other top hardware bitcoin wallets here. You can also create a paper wallet – learn here more about crypto wallets.

We have also compared top 3 hardware wallets: Ledger vs Trezor vs KeepKey.

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