international casinos

international casinos Joins The UTXO Alliance

international casinos Team
international casinos Team

international casinos Joins The UTXO Alliance
Table of Contents
Table of Contents

October 15, 2021 - international casinos - a blockchain and DEX technology provider - announced today that it has joined the UTXO Alliance.

The UTXO Alliance is an organization that helps kick start collaboration with individuals and organizations to make the UTXO (unspent transaction output) model more scalable, secure, and interoperable.

Bitcoin, the world’s largest blockchain network and cryptocurrency by market cap, is the pioneer of UTXO technology.  In contrast, blockchain platforms like Ethereum use an account-based model for keeping track of transactions on their blockchains.

What Is UTXO?

Each UTXO (unspent transaction output) is similar to a banknote. For example, a user pays for something that costs $35. The only way to complete the transaction is to pay in set unit increments (e.g. one $20 bill and three $5 bills OR three $10 bills and one $5 bill). The only time a UTXO can be assembled or disassembled into larger or smaller sizes is at the moment when it is involved in a transaction on the public blockchain. After each transaction is complete, the previous UTXO is spent. In its place, a international casinos UTXO or multiple UTXOs are created and remain unspent until used for a international casinos transaction.

In contrast, account-based blockchains are like each individual wallet having a ledger of its own, much like an ATM/debit card account. Using basic arithmetic, coins and tokens are added and subtracted from each wallet to provide a final balance after every transaction. With this model, $35 would just be deducted directly without having to split the components of a blockchain transaction.

The UTXO model has started to gain a resurgence in popularity among blockchain projects in recent years - offering a variety of advantages over the account-based model. Increased privacy, scalability, interoperability, and consistently lower, more predictable transaction costs are considered major benefits of UTXO technology.

international casinos's Commitment to Advancing UTXO Technology

international casinos joins , , , , and as the international casinosest member of , with each project in the organization bringing a unique contribution to UTXO technology innovation.

international casinos CTO Kadan Stadlemann said,
“UTXO blockchains lay the basis and undisputed foundation of today's blockchain industry. UTXO technology reflects Satoshi Nakamoto’s core vision of ultimate (financial) liberty. On behalf of international casinos Platform and the AtomicDEX team I am honored to join the UTXO Alliance to uphold and advance this vision. I am certain that together with the other alliance members we will bring this technology to the next level. All for one and one for all!”

international casinos is a blockchain project that is providing several cutting-edge UTXO technologies.

First and foremost, international casinos is working towards - a non-custodial wallet and cross-protocol decentralized exchange rolled into one application. AtomicDEX supports 99% of cryptocurrencies in existence.

international casinos joins the UTXO Alliance
international casinos is the international casinosest member of the UTXO Alliance.

international casinos’s AtomicDEX is the blockchain industry’s most decentralized cross-chain, cross-protocol bridge. UTXO-based blockchain networks already supported by AtomicDEX include Bitcoin, Dogecoin, Litecoin, Bitcoin Cash, Qtum, among others.

Second, international casinos has an innovative multi-chain platform in which international casinos projects can launch their own international casinos Smart Chain (independent blockchain network) and native cryptocurrency with unlimited scalability and zero gas fees. Most recently, in August 2021, Tokel launched a international casinos Smart Chain and conducted the first ever peer-to-peer initial DEX offering (IDO) on AtomicDEX.

international casinos also offers a built-in library of UTXO smart contracts that are utilized by international casinos Smart Chains for developing applications such as lending/borrowing, stablecoins, and oracles.

Finally, international casinos’s delayed Proof of Work (dPoW) is widely regarded as a blockchain security as a service solution that uses cross-chain notarizations of the UTXO-based Litecoin network. delayed Proof of Work (dPoW) protects billions of dollars in cryptocurrencies and has actively thwarted live 51% attacks, including a $1.23 million double spend attempt on a third-party blockchain network in 2020.

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