View source for 20240038022. GAME WITH WIN BASED ON CRYPTOCURRENCY simplified abstract (IGT)

=GAME WITH WIN BASED ON CRYPTOCURRENCY=


==Organization Name==

[[:Category:IGT|IGT]]


[[Category:IGT]]

==Inventor(s)==

[[:Category:Helmut Sulzbacher of Eibiswald (AT)|Helmut Sulzbacher of Eibiswald (AT)]][[Category:Helmut Sulzbacher of Eibiswald (AT)]]

==GAME WITH WIN BASED ON CRYPTOCURRENCY - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240038022 titled 'GAME WITH WIN BASED ON CRYPTOCURRENCY

==Simplified Explanation==

The patent application describes systems, devices, and methods for awarding a cryptocurrency in response to winning a wagering game. The operations involved in this process include purchasing a first currency amount using a second currency, recording the corresponding second currency amount, allocating a portion of the first currency amount to a gaming machine, determining the remaining amount of the first currency, and comparing it to a threshold.

* Systems, devices, and methods for awarding cryptocurrency in response to winning a wagering game.
* Purchase a first currency amount using a second currency.
* Record the corresponding second currency amount.
* Allocate a portion of the first currency amount to a gaming machine.
* Determine the remaining amount of the first currency.
* Compare the remaining amount to a threshold.

Potential Applications:
* Online gambling platforms that use cryptocurrency for wagering.
* Casinos or gaming establishments that want to incorporate cryptocurrency into their games.
* Cryptocurrency-based gaming apps or platforms.

Problems Solved:
* Simplifies the process of awarding cryptocurrency as a prize for winning a wagering game.
* Provides a decentralized and distributed management architecture for maintaining the cryptocurrency.
* Allows for easy conversion between different currencies.

Benefits:
* Provides a secure and transparent method for awarding cryptocurrency prizes.
* Enables players to use cryptocurrency for wagering, which can offer advantages such as faster transactions and lower fees.
* Integrates cryptocurrency into the gaming industry, expanding its use and adoption.


==Original Abstract Submitted==

provided are systems, devices and methods for awarding a cryptocurrency responsive to a win on a wagering game. operations include causing a first currency amount of a first currency to be purchased using a second currency that is different from the first currency, the first currency comprising a cryptocurrency that is maintained using a decentralized distributed management architecture. operations include recording a second currency amount that corresponds to the first currency amount that was purchased using the second currency and allocating a first portion of the first currency amount to a gaming machine that is caused to generate a wagering game. operations include determining a remaining amount of the first currency after the first portion of the first currency amount has been allocated and comparing the remaining amount of the first currency to a first currency threshold.



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