Problem gambling issues have plagued the gaming industry. It is a significant issue for society. While users can solicit help (e.g., 1-800-Gambling), there is often denial and an unwillingness to seek help. Various attempts have been made to limit abuse, such as use rate limits in some on-line games. There is a need for gambling limitation on a more global basis, including geo-limitation and global use rate monitoring for problem gambling. There is also a need for problem gambling detection and remediation.
Milestone Entertainment's (Milestone) latest issued patent is directed to implementing a lottery, game, or other entertainment form utilizing cyrptocurrency in a decentralized system. Smart contracts are used to implement core loops, game mechanics, and limit user engagement duration. For example, in a lottery the system would set up a time frame where users would receive cryptocurrency, identify the owner within a specified time frame, enable a user to participate only for a set duration, and finally close the window when the duration expires.
Milestone is a relatively small company in the Cryptocurrency sector, with only two applications and one issued patent. All patents and applications focus specifically on gambling with cryptocurrencies.
Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions.
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Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions.