The FunFair platform is built on Ethereum mainnet and it makes use of a custom combination of the blockchain’s technological features. One of these is its own version of a state channel system, which it refers to as ‘Fate Channels.’
Like state channels, Fate Channels operate off the mainnet. Consequently, they offer the capacity for high scalability and can address latency issues. This is particularly crucial for the casino space since casino operators and their clients have a constant need for rapid moves.
Using Fate Channels, participants can therefore engage in fast back and forth interactions with the casino. Since they take place off-chain, they are instant and do not attract any fees.
A single node can serve the needs of hundreds of users. Also, casinos have no limit with regard to the number of nodes that they can operate. As such, the technology creates an opportunity for virtually limitless scalability.
With this solution, FunFair offers a combination of the immutability and decentralization of Ethereum mainnet with almost infinite scalability.
To play a game on the platform, you will first need to register on FunPass. FunPass is a KYC verification platform that confirms age and identity. Once you register here, it gives your Ethereum wallet a mark of approval.
The second step is the creation of a smart contract that defines the relationship between the game developer and player. At this point, you will pay an initial fee towards the conversion of funds into FUN ERC-20 tokens.
These FUN tokens remain in escrow for the duration of the game. But essentially, the only thing you pay for is the initial gas fee for opening the Fate Channel. Once the smart contract takes effect, all of the calculations for the game take place on a Fate Channel sidechain.
At the end of a play session, the details of the game, wins or losses as well as the final balance, get immutably recorded on Ethereum blockchain. You will collect the escrowed funds at this point and then the house will pay the cost of closing the session.
The selection of games that you can access here depends on what the open developer market has to offer. Presently, you can play a majority of the traditional staples that include slots, craps, blackjack, baccarat, roulette and poker.