Acebusters is a decentralized poker platform made by obsessive poker and cryptography fans. We strive to create Acebusters as a decentralized application (Dapp) which will offer the service of dealing cards and settling bets. The open and borderless nature of blockchain will allow players from all over the world to connect and create the largest poker liquidity pool seen to date. Through the use of multi-party state channels, a technology we developed to minimize the cost of interaction with the Ethereum blockchain, we have pioneered real-time cash games on the Ethereum blockchain.
The market, because it was hit by scams and scandles, offers a huge opportunity to actually apply blockchain technology to fix a broken system. Add to that an ethusiastic team of innovators from both the blockchain and the poker world, who really want to make this happen, come and join us!
We identified some main problems of the traditional online poker platforms: 1. Player Deposit Risk In 2011, PokerStars and Full Tilt Poker, the biggest poker rooms at the time, were shut down due to bank fraud and money laundering causing many players to lose their funds. 2. Fraud by Poker Platforms Many players suspect that platforms maximize rake by unfair shuffling. In addition, traditional business offerings can profit from the exploitation of personal data or arbitrarily block accounts of users that are too profitable. SnG is a very popular format and it will be one of the first features. 3. No “Mobile-first” Approach A lack of user friendly interface for recreational players or players on the go. 4. Fragmented Liquidity Often players are limited to a single jurisdiction, which denies them access to rich liquidity of games and opponents.
Poker is only fun if it is also profitable for the players. We operate with a simple low-rake structure that is more profitable to recreational and professional players than rake structures of traditional platforms. Furthermore, we base our app on the Ethereum blockchain. The global reach of Ethereum will allow us to aggregate more players in one liquidity pool than any existing platform. We strive to bring back the golden era of online poker with low-rake and high-profit games.
The engineers that developed Acebusters are long-term veterans in the blockchain space. The Dapp was developed following industry best practices to guarantee the safety of the players’ funds at all times. We have taken the following measures: 1. Bankroll always stays under the sole control of the player in his own wallet. 2. Wallet software to secure account and bankroll is player’s choice. 3. Peer review of smart contracts by reputable service provider. We plan on implementing secure multi-party computation (MPC) as a protocol for game execution. This cryptographic protocol will allow players to shuffle the deck collectively while keeping the cards secret until they are revealed in the game. Superuser access and manipulation of the random number generator for shuffling can be provably prevented, regaining players’ trust using this technology.
Our Dapp can be accessed from the web or any mobile device, removing the need to install the custom software that traditional operators require. This eliminates practically any timing or geographical limits for playing. No personal data or verification of players’ identity is required to use the Acebusters Dapp. Rather, by creating a personal wallet and acquiring NTZ, the primary token of the Dapp, anyone can become a player. The time it takes from learning about the existence of Acebusters to placing the first bet can be as low as 2 minutes. By reducing the mental cost of registration, more occasional players from any geography will be able to participate. While we have greatly reduced the hurdles to initial access, we have undergone great efforts to disincentivize access by minors and persons with a tendency for addictive behaviour.