Just a few weeks remain, and with the likes of Phil Ivey coming aboard the Virtue team, industry observers will be watching closely to see if poker and cryptocurrency could form a strong base for a new player in the online poker world.

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User Account Sign in. Use your social profile to sign in faster. Or use your PokerNews account: Bad username or password Sign in. A peer-to-peer shuffling protocol reduces the risk of internal cheating and the need for players to trust centralized random number generators.

Following three beta releases in , the project entered its final beta stage in March with a transition to a full release due sometime after June Virtue Poker identifies several key flaws in existing, centralized online poker sites, which stem from a combination of regulatory and technical hurdles.

The Virtue Poker application utilizes Ethereum smart contracts and a P2P card shuffling protocol to offer a more secure online poker experience for users, including features such as:.

This prevents users from multi-accounting, and ensures that Virtue Poker is only offering service to jurisdictions where online poker is legal.

Table Smart Contract — Each table contract represents a particular poker table, where results of individual hands are recorded as transactions governed by that contract.

Transactions are submitted to the Ethereum blockchain when a player joins or leaves a table and at the end of each hand.

Mental Poker Shuffling Protocol — Virtue Poker uses a peer-to-peer, cooperative card shuffling protocol termed Mental Poker to ensure game fairness.

Virtue Poker bills itself as the future of online poker. It states that online poker is currently stuck as the software is constantly called into question, there are claims of funds being lost, or the games being unfair.

The Virtue Poker team is committed to addressing the shortfall of centralized poker and make for a better overall playing experience.

The platform was actually founded in and is intended to be a decentralized online poker source. It was incubated by ConsenSys, a company with a reputation for building decentralized apps.

The platform is build on top of the Ethereum blockchain and provides the ability to transfer all value to escrow wallets on the blockchain using a transparent set of rules.

This means that users do not have to entrust a third party to handle their money. There is a timeline provided through the platform website which highlights some of the big milestones and achievements it intends to reach in the coming year.

On March 1 st of it will host a live stream poker game on Twitch featuring professional poker players. By the Fall of it seeks to release an open beta.

To begin, players simply need to download the Virtue Poker software. The tables are actually smart contracts on the Ethereum blockchain, and all tables are published to the Virtue Poker registry through the Ethereum blockchain.

Players are able to join tables using the funds from their Ethereum wallets. The gameplay itself is handled off-chin via peer-to-peer connection.

Payouts are handled through the table based on the game outcome and are made available almost instantly.

When the game is complete the results are published to the Ethereum blockchain in order to uphold transparency. The platform highlights some of its primary benefits through the website.

Among the main benefits are the security of the player funds unlike other online poker platforms. Players do not have to deposit money into a centralized system, and instead can put money into their own digital wallets, therefore no one else touches their money.

According to the site, the gameplay is tamper proof because it all occurs using an off-chain secure implementation of mental poker.

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