A new Android poker app is breaking new ground by allowing players to wager with Ethereum, an emerging crypto-currency. Referred as Ether, the exciting digital currency utilizes virtual contracts to manage the transfer of funds between two parties. In the case of Uncle Finney’s Poker, a heads-up, two player poker game exclusive to Android mobile devices, smart-contract technology manages and settles bets.
All pre-agreed conditions of the smart contract must be fulfilled before either party receives payment in Ether, with funds held in virtual escrow until that occurs. The smart-contract technology that handles this vital escrow function is known as Ether For The Rest Of The World (E4ROW), which manages all deposits and pay-outs on the app in real time.
All pre-agreed conditions of the smart contract must be fulfilled before either party receives payment in Ether, with funds held in virtual escrow until that occurs. The smart-contract technology that handles this vital escrow function is known as Ether For The Rest Of The World (E4ROW), which manages all deposits and pay-outs on the app in real time.