Sp8de is a blockchain based platform that was created as a new way of playing online casino.This platform is made of blockchain called Cardano. Cardano is a crypto technology that has innovated very well; adjust to any problems that exist on the blockchain-based platform. Here are the illustrations of how Sp8de provides a new platform that is very different from an existing online casino platform:
1. Almost no transaction fee
2. A mechanism for generating random decentralization that can be done at any time
3. Providing Smart Contact functionality enables unlimited development of game design.Smart Contact also allows all Sp8de users to get a fair game.
Sp8de and Cardano
Sp8de uses Cardano as a solution to the many problems that exist in the blockchain-based online casino platform. Cardano is a blockchain platform with more advanced features than any other previously released protocol, and which first evolved from a scientific philosophy.
Expert research teams from various countries are deliberately brought in to deconstruct existing cryptographic concepts, and then create something new within the scope of the Proof-of- Stake algorithm. The result of the study is Ouroboros, an innovative Proof-of- Stake algorithm, as a form of refinement of already-circulated cryptographic algorithms. Overall,
Cardano's protocol design is aimed at protecting the user's privacy rights while taking into account regulatory needs. Cardano is the first protocol that balances the requirements between effective users and regulators; this is a new approach in the application of cryptocurrency.
Meanwhile, in addition to its heavily designed platform, resistant to any attack, Cardano's developers are also constantly adjusting to the ever-changing needs. Therefore, the developers designed a system that can be improved by using Soft Fork only, not like other cryptographic platforms that always do a Hard Fork which ultimately creates a new type of cryptocurrency.
Soft Fork Cardano is secured here securely, as the developer also puts a feature of the Treasury system that will ensure the sustainability of the protocol.Completely Cardano platform is Open-Source and can be developed by anyone, including Sp8de. Moreover, there are ecosystem features that can be developed and adopted by other platforms, so Cardano is rated as the most complete and most useful cryptocurrency ever created.
How does Sp8de and Cardano work?
Cardano emerged as a major competitor of Ethereum in terms of Smart Contracts. It is utilized by online casino platforms such as Sp8de. This platform combines several concepts as well as decentralized systems, the strict design of mechanisms and cryptography.
Blockblain Sp8de’s network uses a unique Proof-of- Stake algorithm called Ouroboros. This is a basic settlement layer which then continues to the main control layer after validation is performed. One of the most prominent features of Cardano is designed to comply with the rules and logic created while maintaining the privacy of its users.
Another advantage is the Core System or Cardano Core System can be upgraded without having to separate the network Chain as in almost all cryptocurrency created before Cardano.This, of course, will give more value to Sp8de. Sp8de users will find the stability of the value, because of doubts about the perfection of the system can already be guaranteed by Cardano.The Treasury system also ensures that the continuity of the Sp8de blockchain network will continue to be maintained even if Upgrade is underway.
The Mechanics of Spade
Spade is the new-generation blockchain-based gaming platform aimed at all the participants of contemporary casino ecosystem. We call it “new-generation” as Spade satisfies all the aforementioned conditions of a ‘proper’ blockchain casino. We build Spade on top of the blockchain called Cardano.
The Cardano project itself is a monumental work that embraced the best practices and most far-reaching innovations in the area of cryptocurrencies and packed them into a single state-of-art system. It is being developed and maintained by a large team comprised solely of PhDs in the field of programming and cryptography, and experienced engineers.
In what follows we will illustrate how Spade provides an environment for the design of gambling applications which are characterized with:
- Close-to-absent transaction fees and Proof-of-Stake powered scalability that is beyond the reach of any other on-chain casino protocol currently in existence
- A mechanism to generate decentralized provenly uniform randomness at arbitrary time-spans
- Provides rich Smart Contract functionality that allows for creativity in game design that is bounded solely by the fantasy of the developer (and the demand for the resulting product of course)
The Spade Protocol
Before delving deeper into the mechanics of the SP8DE protocol itself, we opt to give a brief overview of the Cardano blockchain and, in particular, the Ouroboros protocol that underpins it. As mentioned above, Ouroboros is the first provably secure POS protocol. All POS protocols rely heavily on the miner selection process whereby a participant is selected at random to sign a block of transactions.
In essence, it is a POW system without the anchor to the real world – that of processing power. A precondition for an effective POS protocol is the ability to select the next ‘miner’ (or minter using the POS jargon) randomly with the uniform probability which is proportional to one’s stake in the system. The uniform nature of the probability distribution is an essential element: if it can be skewed or biased by any protocol participant, the security is compromised rendering the protocol useless.
At the heart of Ouroboros is the so-called Follow-The-Satoshi (FTS) procedure. Its essence is simple: assuming input of the uniform randomness, FTS is guaranteed to select a stakeholder with the uniform probability proportional to the number N of coins (or satoshis) one possess relative to the total number of coins in the system. In short, FTS does the job: it possesses the qualities required to make an effective POS protocol. But, as always, there is a catch: FTS assumes input of ‘proper’ randomness. But where does it come from? Before answering this question, let us lead you're through the mechanics of FTS procedure itself: it will prove useful later on.
The entire token distribution will be 8,888,888,888 of which 3,655,555,558.4 (41.125%) will be in the form of token sale and 3,455,555,552 (38.875%) will be given as a jackpot to those who have participated in the “token sale” rounds.
The rest of the tokens 1,777,777,778 (20%) will remain with the team for the purposes of marketing, advisory, and further development of the project (see the Token Proceeds Utilization section for further details on the use of the proceeds from the token distribution).
From it becomes clear that the SPX tokens received per ETH are decreasing after each sale while the tokens distributed are increasing following the PreSale stage. A soft cap of US$4,000,000 (four million) is set and the hard cap is ~ 49,033 ETH.