Ridotto (cryptocurrency)

Ridotto is the very first cross-chain gambling & lottery protocol.

Built on Cardano, it will be based on complete transparency, anonymity, security, and fairness, and will be community driven to the core.

Ridotto (RID) is the first online gambling and lottery protocol that offers users the ability to play and create games without any requirements.

The technological advances of the 21st century have revolutionized every sector, including the gambling industry. Internet gambling, remote online betting and virtual casinos are offered to the masses. Now Blockchain promises to disrupt the gambling, casino and lottery industry once again. Ridotto is the latest player to join the blockchain bandwagon.

The name comes from the Italian word Ridotto, which means "private room", and in the 1600s this word usually referred to private gambling establishments in Venice, where winnings depended solely on the luck of the players. Ridotto believes in luck, only luck and only luck.

Ridotto makes the most of cross-chain technology, the future of Blockchain. Ridotto's innovative gambling and lottery gateway protocol is the first of its kind in the gambling sector. The protocol is robust enough to provide the market with the promise of Blockchain technology and address specific issues that have plagued the sector since time immemorial.

While online gambling has experienced tremendous growth in recent years, the industry is facing many persistent and chronic problems. The industry still remains opaque. The public strongly believes that the odds are in favor of the house. To attract the attention of novice players, online betting platforms and casinos need to be more transparent. Player privacy is also an issue due to the vulnerability of the centralized servers used by conventional platforms. Operators using centralized servers require personal information to verify users. However, these servers are very vulnerable to hacking.

In addition, collecting a huge amount of personal information also slows down the account creation process. Lengthy and complicated registration processes can deter new players from joining. It also limits the ability of operators to increase the number of users and their profitability. Blockchain can eliminate the need for excessive data collection. Innovative blockchain-based technologies such as cross-chain can reduce operating costs. However, early adopters are setting up their platforms on the legacy blockchain, which is costly and can undermine the player experience.

The high barrier to entry is also a problem in the gambling sector. Fierce competition in the industry and high barriers to entry prevent newcomers from fully participating in the sector. It blocks fresh thinkers with revolutionary and innovative ideas, which hinders the growth of the sector.

Ridotto aims to solve these problems by using its new gambling and lottery cross-chain protocol to create a fast, secure and truly transparent blockchain-based gambling platform. We provide an autonomous system based on smart contracts to facilitate gambling without central authorities and banks. Ridotto's internet-based gambling and lottery protocol eliminates the need for third-party involvement and interference. So, players rely on luck to win. This gives players the highest level of autonomy and control. They can make internal transactions using their own cryptocurrency. This approach simplifies the process of depositing and withdrawing funds and reduces the risk of fraud. This can increase the profits of operators by eliminating external transaction fees.

Ridotto uses blockchain in an innovative way so that every user has a clear view of what is going on behind the scenes. The protocol's unique approach ensures the highest level of transparency. Broad visibility is critical because players believe that the odds are being tacitly manipulated in favor of the casino. To this end, Ridotto's internet-based gambling and lottery protocol provides players with access to winning rates, probabilities and all other variables that are usually hidden by casino operators. The system makes it easy for players to access and quickly share these variables. It eliminates the lack of trust among users and prevents fraud not only from other players, but even from casino operators. In addition, Ridotto uses blockchain-enabled smart contracts, which record and secure all transactions to increase user confidence. Unlike conventional platforms, Ridotto uses a decentralized blockchain instead of centralized servers. It only relies on generated wallet addresses for identification to protect user privacy and anonymity. This approach eliminates the need for personal information to verify new users.

The Ridotto Platform is an all-in-one app that combines games and pools to provide a vibrant and fun gaming experience. This comprehensive online gaming application provides four categories of smart contract based games, from card games to lottery, betting and slots. The platform has an intuitive design that strikes the perfect balance between usability and aesthetics. Its user-friendly interface with simple UI/UX design gives users easy access to their favorite games and features. Access to multiple game types on a single, intuitive platform guarantees the best gaming experience. It can also encourage players to log into the platform more often and improve their retention rate.

Ridotto deviates from the traditional “house always wins” approach by engaging users in its ranks. Users can earn rewards by placing bets and providing liquidity to the Ridotto protocol. This approach gives users the opportunity to become "home". They can share the loot with the casino. Instead of "the house always wins", Ridotto creates the perfect alternative where both the casino and the player win. This win-win model challenges the idea that players have to be there to get their money's worth. A win-win gives operators an edge over the competition, helping them succeed in today's competitive gambling sector.