Usually, when a casino lets you pay with Bitcoin, they also let you use other cryptocurrencies. The difference between these two variants is hard to spot, especially because they essentially mean the same thing. People often use the terms ‘Bitcoin casinos’ and ‘crypto casinos’ interchangeably – and not wrongly so. In this more extreme view of cryptocurrency gambling, the mere idea of deposits and withdrawals is irrelevant. Essentially, this is what we call a decentralized casino.

In this case, the casino can resort to smart contracts, automating payments for each game and making your winnings instantly available in your wallet. The good news? Cryptocurrency gambling is just scratching the surface of blockchain technology, which has nearly unlimited potential.įor example, casinos can also incorporate the blockchain into their core structures, thus becoming a truly decentralized casino hub (a.k.a. More and more players are turning towards crypto casinos thanks to the many perks we touched on above. It’s not a far cry from your typical online gambling site where games are concerned, but the twist is that it deals exclusively or mainly in cryptos like BTC and ETH instead of fiat money. read moreĪ crypto casino, also known as a blockchain casino, is a gambling site that uses blockchain technology to make gambling with cryptocurrencies possible (and easy). Several blockchain gambling sites with provably fair casino games also accept fiat currencies like the U.S. What’s more, if you’re interested in blockchain casinos and don’t want to pay using Bitcoin or other cryptos, that’s fine. Whether people like cryptocurrency or not, its core technology, blockchain, is here to stay. As a result, blockchain casinos can lower their house edge and offer you better returns. These sites pay huge processing fees that crypto casinos don’t need to bother with. Low house edge – Running a crypto casino is cheaper than traditional online casinos. After the game, you can verify the outcome was truly random – and, because of that, provably fair. Provable fairness – The random number generation algorithm can run on the blockchain, it happens thanks to smart contracts. Note that this doesn’t mean you’ll have to compromise your identity in any way or form. Information about wins, losses, and payouts is out there for anyone to see. Transparency – Blockchains are (usually) public.

Here are some ways blockchain gambling makes the casino industry better: The same technology that makes Bitcoin and Ethereum possible can give you safer, faster, more profitable gambling. Blockchain gambling wields the power of blockchain to make casinos better.

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