Web3 is supposed to be a more secure, private and decentralized platform, faster and more efficient than its predecessor. Think about AI, speech recognition software, virtual reality headsets and augmented reality glasses and the effect on the way people play games online. That is what we will delve into here.

The main difference between Web 2.0 and Web3

While Web 2.0 is based on centralization and control by a few institutions, Web3 promises a virtual landscape based on decentralization and peer-to-peer transactions, mainly facilitated by the integration of blockchain technology. This ecosystem not only reduces the power of a few, but also instills the notion of transparency and fairness. Transactions and processes on the blockchain are free for everyone connected to see, so users have visibility into what is happening with their data. Furthermore, the processes are completed primarily through self-executing smart contracts, which eliminates the possibility of tampering. For iGaming (online gambling), this means that, in theory, players should have more transparency regarding their funds and data, which ultimately creates a greater sense of security and a pleasant gaming environment.

Faster and more efficient access to online casinos

Web3 promises to make the online gaming experience faster and more efficient. It likely achieves this by improving the speed of data transfer between a user’s device and the server hosting the chosen casino website. On the one hand, Web3 can increase users’ access to their favorite casino games by having more decentralized servers in various regions. It could allow gamers to play at speeds up to 10 times faster than before. You won’t have to wait ages for your bet or spin on a slot machine.

Web3 could make payments easier

One of the most promoted features of Web3, and more specifically of blockchain technology, is the use of cryptocurrencies as a form of payment. The only feature that captures the attention of most users is the security of these coins. The cryptographic algorithms are nearly unbreakable, so transactions are guaranteed to be safe and secure. For UK online gambling sites, providing a safe and efficient way to deposit and withdraw money is a surefire way to attract a broader user base, for example. Thus, Web3 will give users complete control of their funds, avoid using centralized payment providers, and help them feel more comfortable when online.

Connectivity and ubiquity

In a world where everything is connected, your iGaming site must be compatible with the large number of devices that access it, no matter which device you are using. You should still be able to access and experience your favorite games optimally.

With more connected devices, people may want to share their experiences with others, and Web3 could enable this. Players would be able to share experiences and be able to interact within these shared environments.

Control and decentralization of personal data

As mentioned above, one of the most amazing things about Web3 is the control and decentralization of personal data. In Web 2.0, your data is controlled by the websites you visit and the companies that own it. This feature means they can do whatever they want, like:

• Track your online activity
• Sell ​​it to advertisers
• Use it against you if someone hacked into your system

On Web3, iGaming players may have the option to sell their own data to providers for a more personalized experience. This creates a shift from a centralized institution selling user data to advertisers, to users knowingly giving access to certain parts of their data online as a mutual transaction with the provider.

Conclution

The iGaming industry is already a giant industry, and there are still many ways it can grow, but Web3 will undoubtedly play a big part in how this happens. With blockchain technology, we could see a new era of online casinos emerge with more transparency and security than ever before.

This post was sponsored by Media Web City