Our human nature often pushes us into reckless and risky undertakings if there is the promise of profit or success. No wonder gambling has always been extremely popular among people of different ages and social backgrounds. Nowadays, online gambling is one of the fastest growing sectors of the global gambling industry.
However, gambling is always accompanied by the high risk of being cheated, scammed, or just losing money. According to recent data compiled by British Gambling Commission, only 33% of people believe that gambling is fair and trustworthy, while 44% associate it with criminal activities.
Fortunately, the Luckchemy project has found a cutting-edge solution which proves gambling can be free from opaque computations and results rigging. The team has developed a provably fair online gambling platform where transparency and accountability are achieved due to a combination of Ethereum blockchain technology and off-chain cryptography.
The Luckchemy platform was designed not just as another online casino but as an entire ecosystem for players, operators, and gambling products developers. Based on provable fairness principles, it boasts among its main features legal compliance in a number of jurisdictions due to numerous gambling licenses acquired by the company.
The good news doesn't stop here
Luckchemy cares about its customers and will not get complacent. Thus, in April 2018, the company engaged New Alchemy to audit the smart contracts that underpin its crowd sale and the Luckchemy token (LUK).
New Alchemy, a leading blockchain strategy and technology consulting group specializing in tokenization, had its experts perform a three-day audit to identify possible technical security flaws in the smart contracts development and implementation, as well as evaluate the contracts for their compliance with public documentation.
The auditing specialists have concluded that Luckchemy’s smart contracts are well protected and free of critical vulnerabilities, while the data entered in them fully coincides with public documents from the company.
After the audit, the experts offered several recommendations, most of which have been implemented. Specifically, the most notable issues identified were with regard to the version of smart contracts code. Both Solidity versions used, 0.4.15 and 0.4.19, were recognized as being “older than the recommended latest version at the time of the audit, which is 0.4.21”. New Alchemy’s specialists advised Luckchemy to use the latest version of Solidity, and the code was subsequently updated to 0.4.21.
The audit results should encourage all Luckchemy followers by confirming that every statement in the company’s ICO concept and white paper is true. Moreover, the news can attract new participants to the project since it implies that buying Luckchemy tokens is a smart, safe, and reliable solution.
The company has already completed the private sale phase, but its pre-sale is still underway, with the 40% discount to be decreased to 20%. Those interested in the project still have a chance to get involved.
Please refer to the official website to get more detailed information on the crowdsale or subscribe to the updates on Facebook (NASDAQ:FB) and Telegram.
This article appeared first on Cryptovest
