The Malta Gaming Authority (MGA) is on the hunt for a brand new chief govt. In its job post, the watchdog acknowledged that it’s searching for a “dynamic, passionate and a extremely influential strategic thinker” to guide its regulatory efforts.
The profitable applicant will outline the regulator’s technique, lead and handle all its initiatives, maintain and reformulate its branding technique, monitor its monetary efficiency and domesticate efficient communication between the board and all different stakeholders.
MGA is the gaming management board within the Southern European island nation. It regulates all types of playing within the nation, from land-based casinos, lotteries and fantasy sports activities to the quickly rising on-line playing sector. The CEO will due to this fact should be vastly educated on the applied sciences that may outline the way forward for gaming, and none greater than blockchain, specifically Bitcoin SV.
Whereas gaming operators have been building on BSV for the previous two years, it was in 2020 that it proved past doubt that it’s the future of the gaming industry. The yr noticed a number of gaming startups constructing modern services on the BSV blockchain, fixing a number of the challenges which have plagued the trade for many years.
One in every of these challenges is belief. Whereas the trade has continued to develop quickly as smartphones and the Web turn out to be extra extensively used, it has but to resolve the ever-growing problem of lack of belief between the gamers and the platform operators.
With its publicly verifiable and immutable information, Bitcoin SV solves this problem. It permits the gamers to confirm that the gaming logic and end result haven’t been tampered with, and that the outcomes, whether or not of their favor or not, haven’t been altered.
Provably-fair on-line gaming has been one of many blockchain’s foremost guarantees. Nonetheless, the shortage of scaling and sky-high charges on blockchains like BTC and Ethereum has derailed this.
Kronoverse, the developer of CryptoFights, made the swap from Ethereum to Bitcoin SV. David Case, the corporate’s chief architect cited Ethereum’s “very slow and very expensive” nature as the rationale they made the swap. BSV’s UTXO mannequin and its potential to scale massively attracted the corporate.
As the subsequent MGA CEO takes over on the helm, he should have the ability to information the Maltese gaming neighborhood in the direction of a way forward for provably truthful gaming, one by which there’s belief between all of the stakeholders. That is solely potential on the one blockchain that is ready to scale massively, has very low charges and real-time transactions—Bitcoin SV.
See additionally: CoinGeek Dwell panel on the iGaming Future on the Bitcoin Blockchain
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