Tokenization is the future and the pace at which it is being used on the Bitcoin SV blockchain is quickly picking up steam. I bet you’ve heard this quite a few times in the recent past, especially since the rise of security token offerings (STOs). And indeed it is. Tokenization allows us to represent value digitally, making it more easily divisible and tradable. Almost anything with value can be tokenized, and developers have taken full advantage of this to target every other industry.
Bitcoin SV has established itself as the best blockchain project for various uses, and tokenization has been no different. Blockchain developers have turned to BSV to build tokens that target diverse industries, from gaming to gambling and asset management. Tokens built on the BSV blockchain include:
Blockchain technology has always been about fairness, and one company that has insisted on this is BitBoss. BitBoss is out to bring fairness to the online gambling sector, an industry that isn’t always associated with trust. Many players in online casinos don’t trust the operators to deliver fair results, despite all the steps that the operators make to ensure fairness. It’s also quite expensive to operate the systems in order to keep everyone satisfied and happy.
BitBoss allows casinos to offer online gambling with provably fair results by using blockchain technology. Gaming transactions are attached with a public key which the players and the operators can verify, allowing both parties to be completely certain that the results weren’t interfered with. BitBoss banks on BSV’s massive scalability to handle the huge volumes of transactions generated by the gambling industry.
BitBoss launched casino tokens on the Tokenized Protocol a month ago, targeting mobile gaming. BitBoss mobile games can run using native BSV or other casino-specific customized tokens.