Digitex Q3 2023 Development Update: Preparing for Q4's Big Moves
September 18, 2023
Adam's Vision and Overcoming Initial Challenges
When we started developing the concept for the decentralized casino earlier this year, the idea was for it to operate on the Polygon network. However, the early stages unveiled a host of issues with Polygon, making it unviable for a fast-paced, zero gas fee betting platform. Undeterred, founder and CTO, Adam Todd, went on to explore other possible blockchain solutions, briefly considering Fantom as an alternative.
The Fantom Setback
Arbitrum Orbit: Game-Changer Extraordinaire
Arbitrum Orbit, created by the same team behind the Arbitrum One and Nova blockchains, turned out to be a game-changer for us. It allowed us to build our own blockchain that utilizes Arbitrum's battle-tested technology and inherits Ethereum-level security.
This discovery breathed new life into the Digitex decentralized casino, thanks to Arbitrum's instant transaction finality and the ability for us to set ultra-low gas fees on our Layer 3 chain.
The Digitex Layer 3 blockchain will offer lightning-fast transaction confirmations and incredibly low gas fees, a mere fraction of a cent.
Provably Fair Gaming: From Concept to Reality
As you know, the online gambling industry is notably plagued with rigged gaming systems, where people often get robbed by shady casino owners based in shady offshore countries. But here at Digitex, our mission is to set a new standard for online gambling — and to create a decentralized betting platform where players can be 100% confident that their game results are not rigged.
Initially, we planned to use Chainlink VRF for generating random numbers in our games. And we we even built a complex system to accomplish this, updating smart contracts and creating on-chain proofs for users to verify. However, we soon realized that this method was slow due to inherent latency from multiple blockchain transactions in Chainlink's infrastructure. Waiting multiple seconds for each game result was not an option for us.
Thus, to ensure instant game results and create fast-paced games, we developed our very own custom system that generates random numbers from atmospheric noise during thunderstorms, provided by random.org, and which then posts the result and proofs on-chain where players can easily verify them in real-time.
This integration into our Layer 3 devnet blockchain will now be able to deliver provably fair on-chain random numbers instantly.
The First Game: A Unique Trading Index
This exciting creation revolves around a volatile index that updates 25 times per minute. Players can actively buy and sell this index on-chain with zero gas fees. And Digitex will be the only decentralized casino in the world that can offer such a high-speed game. We plan to release this first game on testnet in Q4 2023.
User-Friendly Innovations: Dashboard & Bridging
And finally, our commitment to user-centric design is evident in the user account dashboard and the seamless bridging system we've implemented during Q3. Users will be able to effortlessly move tokens between Ethereum, Arbitrum, and Digitex blockchains.
In summary, Q3 2023 has been a pivotal chapter in our journey this year — marked by innovation, resilience, and an unwavering commitment to Adam's vision. We've achieved significant milestones and are well-positioned for an exciting launch in Q4.
Meanwhile, we look forward to building our community so that more crypto enthusiasts and noobs alike will be able to discover Digitex — a decentralized betting platform thats provably fair, and most importantly tons of fun to play! Stay tuned for more updates as we embark on this transformative phase of our journey.
A Glimpse into 2024
A larger bankroll translates to more attractive bet sizes, appealing to high rollers who seek larger wagers. With a $1 million bankroll, players can comfortably make $1000 bets at any time. Meanwhile, our liquidity providers, will earn a 1% share of every winning payout.
We will share further details about this exciting aspect of our platform in the near future.
Support Our Project
If you're interested in supporting our project, the best way to do so right now is by purchasing the DGTX token and/or acquiring the Digitex High Rollers Club NFT. The DGTX token has been steadily recovering and is currently trading at 3x its value from Q2 2023.
Meanwhile, our Digitex High Rollers Club NFTs are limited to only 200 exclusive members and appreciate in value daily. The last NFT will be sold at 2.15 ETH, which is 20x its current value, strategically timed for the mainnet Digitex platform launch.
Your support means the world to us. If you have any questions or want to connect, please reach out to us on Telegram.
ABOUT THE AUTHOR
HMFIC at Digitex
I'm the lead developer at Digitex, a decentralized casino and Layer 3 blockchain aiming to revolutionize online gambling.
With zero gas fees to place bets, Digitex will open up decentralized gambling to players of all sizes. And if you bet with DGTX tokens, you pay zero fees on your winnings.
And on the subject of betting - don't bet against the guy who just keeps showing up :)