Cryptocurrency is the talk of the town these days. The digital currency is the future. It is the mode of sending and receiving payments in a digital format, without any central authority. Cryptocurrencies have been making a foray into the poker world for quite some time. CoinPoker is a new poker website which offers a complete digital currency solution for poker players. CoinPoker has free apps for smartphone using which poker players can transfer their funds without any hassle. CoinPoker is transparent and offers competitive rates.
CoinPoker has published a detailed white paper outlining the feasibility and details of the platform. The paper says that CoinPoker is not just a concept. It has been fully developed and is ready to launch post ICO operations. The paper also said that “millions” have already been invested in the project.
CoinPoker’s white paper begins to base its rational on the assumptions that the modern poker system is not transparent, and users are not in control of their money. CoinPoker is solving the problem by allow every poker player to buy and use the designated cryptocurrency (CHP) and be in control of it. The working dynamics of the platform could be read in the whitepaper. They can be summed up in the following diagram.
CoinPoker is using the pure blockchain technology in its platform. All the currency transfers will be eventually converted into a special cryptocurrency unit known as Chips (CHP). Chips is based on Ethereum, one of the best and stable cryptocurrencies in the world. CoinPoker is also using RNG (Random Number Generator) on blockchain in order to ensue transparency and security of the platform. CoinPoker said in a statement that blockchain will prevent any breach of fair play on their platform. Blockchain offers a decentralized yet secure way of handling transactions.
CoinPoker’s Head of Security Michael Josem said in a statement that the poker ecosystem is rife with frauds and payment scams. CoinPoker plans to solve this problem by introducing Fairplay blockchain-based security and fraud system that will help the website differentiate between bots and humans. Josem thinks that most of the problems are caused by bots, which are exploiting holes in the system to send and relay fraudulent payments and breach poker rooms.
CoinPoker will return 15% of all the tokens raised during ICO to the “community,” according to the statement issued by the company. About 25% of the total revenue will distributed amongst players regularly.
What we’re all about at Ace Poker Solutions
We offer the highest EV poker software, and training tools available on the net, recommended and used by today’s top poker players are the world. We’ve been doing this since 2009 with the emphasis on offer unique and creative poker software that will help any level of poker player be a more thoughtful and successful player at the table. We’d invite you to check these titles out:
Leak Buster Software – Leak Buster is poker software that interfaces with your Holdem Manager or Poker Tracker database, and extracts key statistics about your play in order to find your largest poker leaks. It’s unique scoring algorithm weighs the impact of your leak against average win-rates, and suggests ways to correct those leaks through the use of videos (over 50) and written modules.
DriveHUD – DriveHUD is a poker database and HUD for your online poker play. It will overlay a HUD on your online poker tables, and display vital stats about each of the opponents on your table. It will track and record all of the hands you play online, allow to you to review, re-play, filter, graph and analyze all of the hands you’ve played so you can improve your poker game.
Ace Poker Drills – Ace Poker Drills is a poker training software that gives you a “flash card” style training for Odds and Outs, Equity, and Pre- Flop play. The Pre-Flop trainer will help you to easily recognize which hands to play in different positions. Odds and Outs trainer will get you to quickly calculate your odds and outs in various situations. Equity Trainer will quiz you on equity calculations for different hands, so that knowing your equity in a given scenario will be.