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

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GAME WITH WIN BASED ON CRYPTOCURRENCY

Organization Name

IGT

Inventor(s)

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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