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  1. In the history of mankind, there are those groundbreaking new innovations that spur us on to bigger and better things. These major inventions include harnessing electricity, the telephone, the motorcar, the internet and now the blockchain. Love it or hate it the development of cryptocurrencies on the blockchain has revolutionised how we view digital assets, our thinking around finance and how the world will transact for the foreseeable future. The Types of Cryptocurrencies While we have all heard of Bitcoin, Ethereum, Dogecoin and other well know crypto coins there is often some confusion when it comes to terms like decentralised cryptos, stable coins and alt coins. Here are some easy introductions to these terms: ✓True/Decentralised Cryptocurrencies When Satoshi Nakamoto first conceptualised Bitcoin his intent was to create a digital currency that would not reside on a single server but was spread across the Blockchain. This would ensure that no single country, corporation, or person could ever own it or control it. Crypto coins like Bitcoin, Ethereum, Dogecoin and others which follow this decentralised tradition by residing on the Blockchain and do not have a single controlling owner are considered by industry pundits to be “true” cryptos. ✓Alt Coins As the name denotes Alt-Coins are “alternatives to” an existing cryptocurrency. Due to the fact that blockchain and cryptocurrency code is open source, it allows anyone with the appropriate skill level to develop their own coin. Generally, an altcoin improves on one or more aspects of its original code. An example of this is Ethereum which improved on the transactional aspect of Bitcoin, allowing it to process blocks of transactions in two and a half minutes compared to Bitcoin’s much slower ten minutes per block. ✓Stable Coins Stable Coins are the type of crypto token which is the farthest removed from Satoshi’s vision for his invention for three reasons: They reside on a single server or closed series of servers They are owned and operated by single entities Its value is dictated by a fiat currency or precious metal While stable coins exist on the blockchain and offer all of its speed, security and low cost benefits they are simply the digital-only equivalents of our existing country-based currencies. Most governments around the world are in the process of developing stable coin versions of their currencies with the hopes of one day doing away with costly and short-lived paper and metal money. Visit our full guide to stablecoins for more on this interesting spin off of cryptocurrency technology. Why Crypto Gambling Is Popular With the unique way in which the blockchain stores and shares data it is the most hacker-proof system on the planet. Rather than store information in a single central location, which once cracked, gives the would-be thief full access to the data the blockchain splits it into thousands of tiny data packets. These packets of data are then spread across all the connected nodes on the internet and are each individually secured. In addition to this mind-blowing level of security the fact that it is only moving tiny bits of data around means that it can pass large volumes of information at incredibly high speeds. When applied to lightweight products like a casino deposit this means near-instant banking. Finally, the blockchain does not require you to give confirmable information to access and use it other than a personalised username and an email. It is not perfectly anonymous as there is the issue of using your internet connection (which can be addressed by the information we supplied in our guide to using a VPN for cyber security) and that purchasing Bitcoin is done via a crypto exchange like Security, speedy transactions and high levels of anonymity are some of the reasons that more players are making the move to gambling at crypto casinos. The Top 10 Cryptocurrencies To ensure that we do not fall into the trap of thinking about cryptocurrencies in a limited way we looked to CoinMarketCap to see which digital tokens are the most popular outside of our industry. Much to our delight, the online casino industry has adopted cryptos with open arms. The proof of this is that ten of the fifteen highest rated crypto coins are already in wide use by the best crypto casinos. If you are interested in gambling with Bitcoin and other leading cryptos here is a brief overview of the top 10 casino cryptos and an idea of where you can play with them: 1. Bitcoin – First Decentralised Coin As the first truly decentralised cryptocurrency Bitcoin captured the imagination of the world with its mysterious creator and incredible value growth. It not only drew attention to the potential of digital currencies but also the potential of the blockchain which has seen many industries begin to develop new and exciting innovations, tools and products that have changed the world. The first decentralised crypto coin Incredibly valuable digital asset One of the most secure currencies in the world If you would like to try your hand at playing your favourite Online Slots and tables games with Bitcoin, we recommend visiting Bitcoin Games casino and 22Bet Casino. 2. Ethereum – Decentralised/Altcoin Ethereum is only second in terms of industry awareness and usability to Bitcoin. As a Bitcoin altcoin, Ethereum offers users the same safety and security with vastly superior processing times. Ethereum has set itself up as the “everyday driver” of cryptocurrencies processing up to 1 million transactions each day while Bitcoin only processes up to 250,000. Same secure framework as Bitcoin Ability to process up to 1,000,000 transactions per day One of the cheapest cryptos to use Ethereum’s processing power makes it incredibly popular with online casinos that offer digital token gambling. We recommend visiting Green Spin casino and BitStarz casino to try it out for yourself. 3. Bitcoin Cash – Decentralised/Altcoin Bitcoin Cash is another Bitcoin altcoin, in this case, it was developed in 2017 from a fork of the original crypto. The benefits of Bitcoin Cash lie in its larger block size which means it is faster than BTC while capping its supply which gives it a similar asset value proposition to its progenitor. Follows the same digital asset mentality as Bitcoin Offers superior processing times as the original coin Very low fee structure If you’re looking to gamble with a cryptocurrency that is incredibly like Bitcoin but offers faster transactions, lower costs and a lower price per coin then Bitcoin Cash could be for you. Try it out today at Kosmonaut casino and 1xBit casino. 4. Cardano – Decentralised/Altcoin Cardano is the ledger that supports the independent cryptocurrency ADA. The digital coin is considered one of the leading alt-coins on the market due to its reasonable cost, widespread adoption by online businesses and incredibly cheap processing fees. Still available at a low price Uses a bespoke low-cost fee structure Widespread use by online shops and gambling sites If you are new to cryptos and want to test the waters with a usable and fairly cheap option, then you should consider buying some Cardano. You can play with it online at Fairspin casino and TrueFlip casino. 5. Tether – Stablecoin Tether is a stable coin that has anchored its value to the US dollar while still offering users the stability, processing speed and security of the blockchain. For banks, businesses, and new crypto enthusiasts it offers the benefits of the blockchain without the fear of massive price fluctuations associated with decentralised coins. Steady and predictable pricing Offers the digital security of the blockchain A popular digital currency for e-commerce We recommend trying out the benefits of cryptocurrency gambling by starting with the market stability offered by Tether. It is available at MyStake casino and Rolletto casino. 6. XRP – Decentralised/Altcoin XRP is the cryptocurrency used by products developed by Ripple Labs on the blockchain. The intent of creating XRP was not to launch the next crypto-asset like Bitcoin but to offer the community a network specifically designed to handle high volumes of digital payments Specifically designed to process high transaction volumes XRP is not mined but rather acquired through trading Ranked as one of the top 10 cryptos worldwide Test out the efficiency and processing power of the XRP network for yourself by using it as your deposit and withdrawal mechanism at both Bet Sensation casino and 1xBit casino today. 7. Dogecoin – Decentralised/Altcoin Developed a commentary on the insane prices that crypto-assets were demanding Dogecoin has positioned itself to be the ‘everyman’ cryptocurrency. Built on the Litecoin framework Dogecoin offers fantastic processing and low costs but has openly stated its supply will be unlimited ensuring none of the price spikes associated with limited-supply coins like Bitcoin. A real-life underdog story Unlimited supply manages price volatility Offers all the benefits of Litecoin Take this playful Shiba-token for a walk today by signing up at either 22Bet casino or Green Spin casino today and playing their selection of online slots, table games and arcade games. 8. USD Coin If you are a fan of innovation and new technology but are sceptical of the crazy price fluctuations of some cryptos then USDCoin could be your perfect solution. This stable coin offers all the processing and security benefits of the blockchain while guaranteeing that each USDCoin will always only cost $1.00. Price per coin will always be the equivalent of US$ 1.00 Enjoy all the benefits of the blockchain Built on the trusted and highly trafficked Ethereum framework USDCoin’s stable pricing anchor makes it the perfect cryptocurrency for players looking to move from fiat currency banking to digital banking without risking their bankroll to currency volatility. Play with it at 1XBit casino and Fairspin casino today. 9. Chainlink Chainlink is considered an Ethereum alt-coin. While it offers users all the expected speed, low costs and security of the blockchain it has the added benefit of integrating transactions that are not based on the blockchain. This is allowing people to seamlessly do business using fiat currencies with blockchain companies. Ethereum-based altcoin Seamless off-blockchain transaction processing Offer tamper-proof cross-blockchain smart contracts Test the high speeds, hack-proof security, and low fee structure of this altcoin for yourself by playing at Casino-Z and 1XSlots Casino today. 10. Litecoin – Decentralised/Altcoin Litecoin is one of the early Bitcoin altcoins having been launched in 2011. In addition to offering the same anonymity and security options as its source, the developers behind Litecoin have also engineered the Lightning Network for instant global payments for everything from casino deposits to purchasing a coffee. Hack proof peer-to-peer transaction network Lightning network for instant payments Developers of Atomic Swap for cross crypto trading Try your hand at playing video slots, video poker, blackjack and more using Litecoin to deposit and withdraw at Bet Sensation casino and Green Spin casino today. How To Gamble With Cryptocurrencies Now that you are comfortable with what the differences are between the various types of coins, know a little more about the top 10 cryptos for gambling and have some idea of where to play with each of them let's talk about how to deposit and withdraw with cryptos. Despite being a groundbreaking new technology using them in practice is incredibly simple. To begin gambling with digital currencies all you need to do once you’ve joined your preferred crypto casino is follow the simple steps below: ✓How To Deposit with Crypto To make your first deposit at an online casino with cryptocurrency, plus claim the amazing welcome bonuses on offer, follow these simple steps: Step 1: Click on deposit at the top right of the page. Step 2: Select bitcoin, copy the private depositing address, and enter a relevant promo code. Step 3: Send the bitcoin to the private depositing address from your bitcoin wallet of choice. With the speed and power of the blockchain, your first crypto deposit will be ready and waiting for you in your account within moments. ✓How To Withdraw with Crypto When it comes to cashing out your winnings the process is even more simple than making your first deposit. Follow these easy steps to withdraw your money: Step 1: Click Profile at top right of page, then click withdrawal. Step 2: Find your Bitcoin wallet address. Step 3: Select Bitcoin, enter your wallet address, the amount to be withdrawn, click withdrawal. For players who are used to waiting up to five business days for a withdrawal crypto-cash out will be mindblowing. At most, you will have to wait 15 minutes before you see your withdrawal become available in your wallet.
  2. As lifelong fans of gambling and in particular online gambling it is fantastic to see how many countries are adopting a positive stance towards the hobby. Even if a region does not currently allow local licensing and advertising opportunities, they tend to adopt a ‘no harm, no foul’ approach which allows players to gamble at offshore casinos without any legislative requirements. In a 2021 review of the legal online gambling landscape Slotegrator reported that gambling regulation falls into one of four distinct categories: Those where gambling websites must be licensed by the local regulator (32 countries) Those where only local gaming sites need a license, not foreign sites (32 Countries) Those where online gambling is prohibited, but no legal action is taken against play at foreign sites (28 countries) Those where there are no gambling restrictions at all (93 countries) When looking at the European Union in the context of these categories is becomes clear that the majority of the member states have adopted or are investigating a multi-license regime. ✓EU Free Trade Supports Gambling Regulation For those who are unfamiliar with how the European Union works simply put it is an agreement between 27 member countries that make up most of continental Europe that aim to promote economic and political unity. As a response to the devastating impact of World War 2 on Europe, the European Economic Community (EEC) was created in 1958 to foster financial dependencies. The logic being that when countries are reliant on one another for trade the likelihood of aggression declines. According to a report by the EU Commission in 2021 “82% of products traded in the Single Market are subject to harmonised rules and some 18% of intra-EU trade in goods fall under mutual recognition”. Given that the EU free trade agreement is such a pivotal part of the makeup and longevity of the Union, online gambling became a hotly debated topic as the UK, who was still a member of the EU at the time, promoted full regulation and licensing and expected to be able to trade with its partners. Jurisdictional legislators such as Malta became highly respected markets who expected EU member states to recognise the validity of an MGA licensed casino to trade within the Union. Members that stood against regulated online gambling were seen to be contradicting the compact, and this early friction ultimately led to a burgeoning European online gambling industry. ✓EGBA Striving for Standardised Regulation As with any other multi-party endeavour one of the challenges members of the EU have had to face is how their differing definitions, requirements and even fee structures have become stumbling blocks for their peers. To assist in creating a unified logic to regulation and a set of standards the Brussels-based European Gaming and Betting Association (EGBA) was founded. “EGBA works together with national and EU regulatory authorities and other stakeholders towards a well-regulated and well-channelled online gambling market which provides a high level of consumer protection and takes into account the realities of the internet and online consumer demand.” To achieve a sustainable online gambling regime the EGBA strives to: Achieve a well-regulated and competitive market Define an ambitious set of European industry standards Build an integrity-based betting market Address betting-related match-fixing and corruption In addition to creating forums for discourse and staying on top of the day-to-day minutiae associated with tracking the gambling rulings and legislative decision making of 27 member countries the EGBA is also a founding partner of the EU Athletes program, a member of the International Betting Integrity Association (IBIA) and registered with the EU Transparency register since 2009. A July 2021 decision by the EU Commission to not reinstate the Expert Group on Online Gambling to assist regulators in coordinating their legal efforts could see the EGBA having an even more authoritative voice as it fills the role that the Commission renounced. ✓The French Gambling Legislation Interestingly enough when looking at online gambling regulation it is important not to interchange online gambling and online casino, especially if you are looking to play Online Slots in France. While many gambling sites will say that online casino is legal in France, they are in fact incorrect, however, it is correct to say that online gambling is legal in the country. This is because in 2010 France had a massive overhaul of its gambling law which both created the current body known as the Autorité Nationale des Jeux (ANJ) and legalised all forms of land-based gambling including casino games, card games, and sports betting. However, in an unexpected turn of events when addressing online gambling the regulation only made allowance for the licensing of online poker and online sports betting, while online games of chance remained a restricted category. ✓An Avid Gambling Community Despite the exclusion of online slots and other casino games, online gambling has flourished in France with La Française des Jeux (FDJ) being responsible for betting and lottery games, while Pari Mutuel Urbain (PMU) is specifically responsible for horse racing. The Q2 2021 report by BusinessWire on the financial results of the FDJ reported that the “digitalised and online stakes” showed an impressive 70% growth over its Q1 results reaching €1.1 billion in revenue from stakes of €9.2 billion. Stéphane Pallez, Chairwoman and CEO of FDJ, said: “Our stakes are increasing, both online and in our point-of-sale network. Over the half-year, we accordingly recorded an increase of nearly 9% in revenue compared with the same period in 2019. Barring new restrictions in response to developments in the health situation, the Group expects to maintain good momentum in the second half and is confident in its business and results prospects in accordance with its responsible gaming model.” These reports show that the FDJ’s online performance is tracking perfectly for the body to achieve its target of €2.2 billion for the year. Market analysts expect this to come from just over €19 billion in stakes. However, the growth in both player stakes and overall revenue for France’s online gambling market has raised the question of whether their reasoning for excluding online gambling was genuine. When the regulations were announced in 2010 ARJEL argued that games of chance held too high a risk of gambling addiction. That games like slot machines encouraged high engagement and participation, something they then claimed to be looking to actively discourage. However, with the €9.2 billion in stakes over six months it proves French gamblers are an engaged and active community. Despite numerous calls in recent years for other EU member states to open their borders to regulated online gambling, to protect locals and actively participate in the free trade compact France has silently refused to budge on the issue, deflecting the conversation around casino games to a discussion of regulated online gambling instead. In a decision that further confuses the matter, France declared that its citizens may gamble at international offshore casinos. Yet this puts them at risk of playing with casinos who do not adhere to EU safer gambling standards, reduces channelisation by not offering a casino game option for slots players, and driving revenues offshore which could be funnelled into programs that would uplift the French community such education programs and compulsive disorder treatment centres. ✓The Bitcoin Casino Stumbling Block France is one of the most progressive nations in the world and as such has been at the forefront of cryptocurrency adoption. The French are proud HODLERs with nearly 4% of the population owning Bitcoin, Ethereum and other digital tokens. Unsurprisingly the lion’s share of this ownership sits with wealthy, tech-savvy men and women in their late mid-twenties to mid-thirties. It should come as no surprise then that in the absence of regulation making online casino gambling illegal a large portion of the French casino market is turning to bitcoin casinos. Not only do they get to engage in leading online slots and tables games, but they stand the chance to withdraw even more of the valuable cryptocurrency in the process. However, July 13th saw a Parisian court rule that French ISPs had to block local users from accessing two cryptocurrency gambling sites. The ruling came of the back of a decision to hand over cryptocurrency regulations to Autorité des Marchés Financiers (AMF), a securities watchdog with a specific brief to manage digital currency exchanges in the region. In this case while the casino games themselves were not the issue the ability to buy and sell cryptocurrencies in an unregulated marketplace saw the AMF flex its muscle and once again limit French players access to online casino entertainment. Once again, sane minds argue that if France would extend its current online gambling legislation to include online casino games, they could offer local players access to a secure crypto-exchange and secure a valuable revenue resource in the process.
  3. A few short years ago no one in the world understood what digital currency was let alone how it would one day change the world. Yet today discussions around Bitcoin price hikes, Dogecoin as a meme token, the impact of cryptocurrency mining on both graphic card prices and the environment are dinner table chatter around the world. As an industry where speed of processing, data security and the potential for large financial transactions are central to its day to day running the online gambling market has been heavily invested in the development of blockchain technology and the adoption of cryptocurrencies. In this article, we will delve into what separates an online casino from a cryptocurrency casino. Are there tangible benefits? What are the challenges? Can you legally gamble using cryptocurrency and what games can you enjoy? Online Casino vs Crypto Casino – The Provably Fair Difference In recent years, the line between a blockchain casino and a casino that accepts cryptocurrency payments such as Bitcoin has blurred the definition of what a “crypto casino” is. There is an increasing number of online casinos that have begun accepting deposits and will honour withdrawals via your cryptocurrency wallet. Allowing you to gamble at their casino with credits purchased via Bitcoin, Ethereum or whichever token they accept. However, a true crypto casino does far more than just trade Bitcoin for casino credits. These casinos operate on the blockchain themselves. Their websites, their games, your personal information and ultimately your wagers are placed directly on the blockchain meaning it is all protected by the most advanced encryption platform known today. With the unique hash records available when processing transactions on the blockchain, the same technology used to verify Bitcoin transactions, you can track the validity of the outcome of each game you play at a crypto casino. This system of Provably Fair gaming puts the power to review every hand of blackjack, every spin of the reels and every roll of the dice in Craps and verify that the outcome you were shown is true and unaltered by any third party interference. A great example of this Bitcoin.com which now offers casino games on its platform, that is as close the source as one can hope to get when gambling with BTC. Advantages of Crypto Gambling – Count the Cost In any scenario where you are investing your time and money, both precious commodities, we always recommend looking at the facts and making a reasoned decision from there. The advantages of crypto casinos are: Unparalleled security – Given the virtually impenetrable nature of the blockchain it offers gamblers unprecedented levels of privacy and data protection. Less intrusive experience – When transacting via the blockchain the code behind your wallet is what is needed to complete a transaction. In this case gambling at a true crypto casino will require very little personal information from you to sign up and no additional KYC documentation when you cash out. Transactional transparency – The peer to peer nature of the blockchain ensures that you have a full view of who you send money to and receive it from, as well as giving you access to Provably Fair reviews of the individual games you play. Growing selection of licensed casinos – As Bitcoin continues to pave the way for mainstream adoption of cryptocurrencies so more regulated markets are beginning to accept cryptocurrencies. This ensures you all the benefits of virtual currency gambling with the support of player-centric gambling authorities. Superior banking options – The low costs, advanced security and unmatched processing speeds of cryptocurrencies make them the superior option when transacting online. However, as more casinos accept Bitcoin and other virtual currencies you still have access to web wallets and credit card transactions if you want them. Better payout percentages – With the low cost of operating an online casino on the blockchain and other revenue generation models for operators that include using the power of gambling transactions to mine for tokens blockchain casinos can offer overall payout percentages of up to 99%. This is far better than 93% to 97% offered by traditional online casinos. Casino game selection – Gambling on the blockchain no longer limits you to playing special blockchain games with poor graphics and limited animations. The world’s leading developers like Big Time Gaming now develop for the blockchain offering great casino games for true crypto casinos. Accessing traditional online casinos which transact in Bitcoin means you have access to award-winning slots and live dealer games from providers like Evolution and NetEnt. When it comes to shifting your online gambling from a known and trusted online casino to a new crypto casino it is worth digging into the pros and cons of the move and making a decision based on a balanced review of the facts and your personal needs. Choosing a Crypto Casino – Hot Button Items When discussing crypto-based casinos with our community and finding out from them what their most important selection criteria were for choosing a new online casino the following points were the most common across the board: Can I trust the casino to pay me? Will they find excuses to delay my payment? How safe is my information? Do they offer good bonuses? When it comes to finding a trustworthy online casino to play at the addition of cryptocurrencies to a casino is in fact an extraordinarily strong trust cue. With the total transparency and Provable Fair nature of the blockchain, these casinos are more exposed to their players than any traditional online casino. When you consider that you can also play at a regulated casino in Bitcoin you have added another layer of security as now have a safe technology platform and a stringent gaming authority both protecting you. The speed with which you can withdraw your winnings has always been a hot topic for online gamblers. Looking at the FAQs of leading cryptocurrency casinos like BitStarz, BitCasino and Bitcoin Games Casino they all offer instant withdrawals. The protection of your personal and financial information is of paramount importance to all reputable online casinos. In this case, it becomes a matter of degrees; online casinos are as secure as banks when they utilise 128-bit SSL encryption but the blockchain is objectively the superior encryption method and so blockchain-based casinos will always be the safer option. At their core, the types of bonuses you receive at online casinos and cryptocurrency casinos will be the same either deposit match offers, free bonus credits or Free Spins. However, you may find the wagering requirements less stringent at crypto sites and their overall payout percentages higher which could mean you stand to withdraw more at a crypto casino on paper, but only Lady Luck knows where those chips will fall. Licensing and Regulation – Does it Matter for Crypto? No matter what your preferred gambling platform is, even when playing offline, there is no substitute for the peace of mind that gambling under a globally recognised regulator brings. They are far more than just a marketing watchdog that rakes in licensing fees. These gaming authorities ensure that operators have sufficient funds to pay your withdrawals, manage national safe gambling programs, require license holders to have their business practices reviewed by third-party auditors and work with law enforcement to shut down illegal operations. Adding the technology-based protections inherent to the blockchain to this substantial jurisdictional protection ensures that you have the safest and potentially profitable online gambling experience possible. In Conclusion With the advancements made in the online gambling services available on the blockchain, it is a good time to see if at the very least your current online casino accounts offer the option to transact in Bitcoin or other cryptocurrencies. If you live in a regulated gambling market that has approved Bitcoin gambling it is worth adding the added protection provided by the blockchain to the security you already experience under your current legislation. Cryptocurrencies are growing in mainstream adoption so getting to grips with this technical and financial phenomenon through a medium you already enjoy, online gambling, is an easy way to luddite to crypto-pro!
  4. While the news cycle is filled with talk of cryptocurrencies such a Bitcoin, Ethereum, Cardano and even meme-tokens like Dogecoin and Shiba Inu, truly little of the media hype focuses on the real star of the show, blockchain technology. In many people's minds cryptocurrency and the blockchain are the same thing, which is not the case. The innovative way in which the blockchain stores, transmits and ultimately secures data is the foundational element upon which crypto-technology is built. In practical terms, while the mainstream media has been focusing on the cryptocurrencies and their incredible immediate financial value, development firms have been quietly working on using this amazing new technology to create new industries and improve existing ones. 7 Ways Blockchain Technology Will Improve Your Life There are hundreds if not thousands of ways in which blockchain tech can be used to refine and redefine the world around us. We have chosen to focus on seven industries that will benefit from blockchain integration based on recent developments or news stories. ✓Value-Driven Arts and Entertainment Piracy has never been easier thanks to the ability to scan, print and share just about any type of media online easily. This has led to ‘one of a kind’ artworks ending up as cheap prints on everything from mousepads to children’s toys. Artists are unable to protect their intellectual property rights and it has a measurable impact on their bottom line. Whether you are self-publishing a novel, realising a new album or creating your perfect painting once you release it into the world someone will make an illegal copy and try to profit from your skill and hard work. Thanks to the incredible security, peer-to-peer sharing and provable nature of blockchain interactions artists are now able to securely display, share and sell their creations safely, and when dealing with a third-party agent, transparently to ensure they receive full value. This new level of trust and transparency has been the catalyst behind the boom in NFT (non-fungible token) art sales. Where, for the first time in history, it is possible to provably own an original digital creation. This ensures that the artist receives fair value, agents must deal fairly with buyers and sellers and collectors are ensured that their purchase will retain value given the ability to legally prove theirs is the original artwork and not a fake. ✓Beating Scalpers with Digital Ticketing and Sales One of the most recent uproars online has been the rise of the digital scalper. Using blockchain technology to ensure patrons received tickets to highly sought after events, rather than scalpers, has proven to be highly effective for the Adrienne Arsht Center for the Performing Arts in Florida. Assistant Vice President, Business Intelligence, Nicole Keating said: “While our work with True Tickets began as an initiative to keep tickets in the hands of our community and out of the hands of brokers, their mobile ticketing solution is, now more than ever, a critical component of our safety protocols.” An unexpected but positive spin-off has been their ability to offer contactless ticketing in a world recovering from the pandemic. Sadly, the reach of the scalping community has not been limited to ticket sales for events, as new age scalpers apply sophisticated algorithms to tracking the online releases of everything from the latest Nike trainers to NVidia’s 3000 series graphics cards. Using automated bots, these scalpers buy up all the available stock within seconds which then creates an artificial shortage. As has been the case with the release of Nvidia’s highly anticipated 3000 series GPU’s this has resulted in ‘resellers’ asking as much as $3000 for a graphics card that retails for $699. With a simple tweak of the blockchain code used by event hubs such as the Arsht Center, online retailers would be able to trigger individual smart contracts that ensured that each individual unit of a product sold online was going to an actual customer and not a platform looking to defraud the public. ✓Advancing the Potential of Ridesharing Despite being raised to never get in cars with stranger the cost-effectiveness of ridesharing combined with the ease of hailing a ride on short notice has seen the industry boom with start-ups like Uber and Lyft becoming multi-billion dollar companies while consisting of little more than some fairly basic technology, an app, and a control office. Yet the industry could be far more than what it is, and Arcade City is out to prove it. The innovative new rideshare hub is turning the industry on its head and using blockchain technology to do so. Inspired by the decentralised nature of the blockchain Arcade City CEO Christopher David began working on a model that better served the drivers and the people ordering their services. Rather than pre-setting rates and doling out contracts Arcade City allows the drivers to set their own rates, build recurring smart contract agreements with customers and even offer non-traditional rideshare services like deliveries, roadside assistance and more. This means that everyone from a student looking to work between classes and a small delivery business owner who needs additional income to pay his staff can all benefit from this decentralised blockchain-enabled opportunity. ✓Streamlined Banking Systems To decentralised currency evangelists the mainstream banking may be anathema, however, the reality is that the entire world runs on fiat currency systems and is underpinned by these traditional institutions. Three immediate areas that the blockchain could address are: Online identity verification systems – With the institution of protocols like Zero Knowledge Proof, an online user would only need to prove their identity at a single point. From there on that proof of identity is accepted by all other service providers on the blockchain. This reduces how far one’s personal data is shared enhancing your privacy, while still offering service providers and sellers the security of doing business with a trusted party. Financial clearing and payment settlements – With provable accounts, smart contracts, and the speed of transacting across the blockchain banks could begin to clear transactions and facilitate near instant global transfers while reducing costs by eliminating the multi-step processes that currently exist. Providing accounts for the unbanked – In poorer countries around the world there are estimated to be more than 2 billion people without access to any form of banking. Decentralised blockchain banking would allow secure, low cost, access for these people and allow them to receive international income to support their families and fight poverty. At its core banking is the simply the control, measurement, and facilitation of asset transfers between various private and public entities it can benefit greatly from the inherently secure and provable nature of blockchain transactions. The three items listed above are considered standard in any blockchain transaction, yet they would be revolutionary if applied to the traditional banking world. ✓New Era of Blockchain-Driven Advertising The World Federation of Advertisers (WFA) postulates that by 2025 click fraud and other underhand tactics will have cost the digital advertising industry as much as $50 billion in lost revenues. Like every other industry the online advertising world is rife with fraudsters. The reality is that as soon as you hand over funds to a third party for access to a framework that obfuscates its mechanics you open yourself up to being taken advantage of. This becomes more likely the more you spend as it becomes less tenable to track each individual advertiser and their click data the more providers you must engage to meet your ad spend requirements. However, this is all null and void when the programmatic advertising platform is built on the blockchain. As all agreements are facilitated by smart contracts and each transaction is visible in its entirety to the person paying for the traffic it is simple to determine where your money is being allocated and to review the clicks that you have purchased. This will make click fraud incredibly difficult to facilitate, and should some genius work out how to do it, you have the visibility and the tools to shut it down immediately. ✓Voting in The People’s Choice The right to vote is the backbone of every democratic society around the globe. Yet, as the allegations of Russian tampering that clouded Donald Trump’s presidential term proved there is a level of distrust around traditional voting mechanics, their controls, and their final outcomes. As we discussed earlier with banking and online advertising the blockchain’s very construction ensures the secure transmission of data, offers the ability to prove the identity of each individual participating in the transaction, and finally offers provably fair data based on the information it has gathered. In practical terms this would allow for voters to be registered in an uncrackable blockchain database, using smart contracts allow them to vote privately and securely for their chosen politician, and finally allow the electoral body to report on who received what number of votes. The blockchain is the ideal platform for facilitating free, fair and unhackable democratically sound elections. ✓Safe and Secure Online Gambling As passionate fans of the online gambling community we cannot overlook to the benefits and advantages of blockchain gaming. Beyond the ability to stake wagers via Bitcoin and other cryptocurrencies the blockchain is the ideal platform for hosting online casinos, online poker rooms, online bingo halls and sports books. Any blockchain-based gambling providers ensures: Your privacy – With the ability to store your data in an uncrackable decentralised environment your personal details and gambling history are guaranteed to be safe and secure. Provably fair gambling – The transparent nature of blockchain coding means that you can pull the server side results of each spin of the reels or deal of the cards. All blockchain-based casinos offer provably fair reports, so you have an obstructed view of your wagers and their outcomes. Secure money in and money out – Using blockchain based digital wallets to transact ensure that not only are your deposits processed instantly but they are untraceable. The same is true of your withdrawals as there is no delay in receiving your winnings once you cash out, and with the funds returning to the same secure wallet you deposited from they are also private. We can only hope that larger developers like Microgaming, Playtech and NetEnt begin to invest in transitioning their casino games from traditional gambling environments to blockchain based servers. While there is obviously a financial implication to this type of new technology shift there is no disputing that as blockchain adoption increases traditional server and hosting platforms will begin to diminish in favour of one that offers security, privacy, lower costs, and much higher speeds.
  5. Online gambling has been around for close to three decades now and has evolved and grown immensely over that time. Enhancements in technology have been one of the biggest motivating factors for these changes, coupled together with the demands from the player-base for increased innovation in keeping with these modern conveniences. The perfect example of this trend playing out can be found in the call for a mobile gambling market. Did you know? The first mobile gambling venture in the UK (the biggest iGaming market in Europe) was a mobile lottery, which launched in 2003. One of the most significant evolutions happening at the moment is the increased growth and influence of the cryptocurrency market. The popularity of crypto casinos is on the rise, thanks to the increasing technology in the blockchain world – a world dominated by a millennial generation that is comfortable adapting to fresh technology and ideas. In fact, they demand it! Because the future is in the hands of the current generation, tomorrow’s gambling market must evolve to meet their needs and desires, or it will die out. Current data suggests that sub-40-year-olds are not as drawn to mainstream casino games as older generations are and are more prone to enjoy the latest social gaming innovations from the crypto space. What is the Winning Recipe for the Future? To understand the future for crypto and general online casino gaming, we need to understand the subtle changes that are happening in the market right now. These are indicating factors of where the gambling market is going. Currently, all the communicating factors point towards the position that strong ‘’digital community’’ values are at the heart of this current and up-and-coming generation of players. Interaction online is becoming a major trend across various markets. Just look at a few of the obvious examples around us. Social Media Social media platforms like Facebook, Instagram, and Twitter are bigger than ever before and newcomer, TikTok, is making big waves. Billions of people use these applications daily to reach out to their friends and the greater world. Quick Fact: Facebook is the largest social media platform in the world. It boasts a massive 2.8 billion active users in the first quarter of 2021. These platforms provide the perfect setting for a digital communal environment. People can find their voice and link themselves to special interest groups and communicate with friends across the span of the globe in a matter of seconds. The social media craze is a real indicator that the current generation is a fan of digital community qualities. The Latest Video Gaming Crazes While single-player games were a lot of fun for those over 35 years of age when they were growing up, this is no longer the case. Today the most popular games in the world are all multi-player options. Games such as Roblox, Fortnite, Call of Duty: Warzone, and Apex Legends draw millions of players around the world daily. All the pre-mentioned gaming brands have one thing in common – they are multi-player based. In fact, Fortnite, Warzone, and Apex Legends are all Battle Royale type games, meaning that players can team up with others to compete against other player-based teams. Technology like Discord and other team chat software applications even allow the gamers to talk to each other while playing. Why are these multi-player titles the most popular games right now? Because they all offer a social environment where people can interact with others. It seems like common sense that players exposed to such gaming environments would seek similar or better-quality gaming interactions when they graduate to the gambling sphere. ✓ The E-sports Boom One of the fastest-growing digital industries at the moment is e-gaming. This immerging market not only harnesses the qualities of one-on-one competition but affords fans the option to bet on the outcomes of the games. While e-sport is in its infancy, educated estimates predict that this fresh and fast-paced gaming market should reach a capitalisation of around $13 billion by 2025. Once again, the driving influence for this popular digital sport form is the fact that players compete against each other for a shot at the prize. In many games (like FIFA), each side can comprise of multiple gamers. It is no longer as thrilling to compete against a machine as it is to take on your peers head-to-head. It seems that even in the world of machines and high-end tech that basic human qualities will endure, albeit that the social trends are a little different from the norms of generations gone by. ✓ Live Casino and Poker Trends Closer to home, two of the quickest growing game options at online casinos are online poker rooms and live dealer games. Evolution Gaming has taken the world by storm and is a heavyweight in international gambling circles. They just recently acquired gaming giant, NetEnt, for a massive sum. The recipe behind the company’s success has been its ability to join real people together in a casino environment for a common cause. The social interaction involved makes live table games and gameshow titles very popular. Virtual table game libraries are shrinking on casino sites while live game portfolios are growing. Did you know? Trends amongst younger gamblers show that live casino games such as Live Monopoly, and other such gameshow titles are firm favourites in the live dealer marketplace. Online poker similarly offers a social aspect to the game. While the dealers are not visible via stream, multiple players can take seats at the virtual tables and interact via a live chat tool. Online poker has exploded thanks to fabulous social poker sites like PokerStars. ✓ The Outcome The simple fact is that the current generation loves technology and can spend hours lost in the digital realms. However, they remain human and therefore crave interaction as social beings. A platform that can combine this form of entertainment with the necessary interaction qualities is onto the winning solution for the future. Up until now, the crypto casino world has done a sterling job in identifying this need and working towards placating its punters. Why Does Crypto = Community? There are few good reasons why cryptocurrency and crypto casinos are on the cutting edge of the social gambling trend and why they are community-friendly. These include: Multi-Player Games: There are a number of casino games coming from the decentralised market that focus on multi-player playability. They are extremely popular. As a relatively new tech in casino realms, blockchain-based casinos are usually frequented by younger players. Power to the People: Decentralised blockchain technology removes the need for a trusted middleman. This ideology directly empowers the people and encourages person-to-person interaction and trade. It implements a return to a more basic and personal way of life. Us against the world: The crypto world is very misunderstood and often shunned by mainstream finance, much like the current millennial generation is misunderstood by the ‘boomers’ who have gone before it. Both the platform and the people have an ‘’us versus the world’’ outlook on life. A common cause is usually a great unifier and brings communities closer together. One thing we can learn from crypto is that the next generation is eager for change. A change that sees a move away from isolated gaming experiences and embraces a more social and inclusive environment. What We Hope to See Soon The crypto realms are already on the right path and are quite likely to lead the way ahead. This is what we hope to see happening soon. ✓ More Innovative Multi-Player Games Now that we know what the industry needs to attract the next generation, we hope to see more and more mainstream and blockchain-based game providers introduce such games into the marketplace. Spearhead Gaming’s debut arcade/gambling game, Astroboomers: To the Moon, is a classic example of the type of entertainment we need to attract the up-and-coming player base. We also hope to see advanced mechanisms for players to share their accolades and wins within groups and special social media platforms. This alone provides great incentives for more competitive player types. ✓ Increased Usability at Crypto Casinos The practical issues involving high costs for microtransactions need solving to bring the crypto casino market to its full potential. Quick Fact: Ethereum launched a second blockchain platform called ‘’Ethereum 2.0’’ to try and solve the high transaction fee dilemma facing the usability of Ether for smaller transactions. Right now, decentralised blockchains cater better to big funds transfers than to multiple small ones. Blockchains, like Ethereum, are leading the way towards this sort of usability. ✓ Increased Education on Crypto Tech ‘An informed people are a happy people,’ according to a wise old adage. More education about crypto-realms and the qualities of the blockchain would go a long way towards the evolution and enhancement of the current online industry and influence current player bases to make the change. This should include a change of ideology to follow current social trends and an increased willingness from mainstream operators to adopt cryptocurrency as a form of tender on their sites. Round-Up One thing is for certain, the online casino industry has proven itself resilient over the years. Its ability to change and adapt is demonstrated in its year-on-year revenue growth. Its versatility is sure to continue as leading brands place big money into monitoring current trends and ensuring they stay on the cutting edge of innovation. Journey with us, at GamblersPick, as we keep you up to date with all the latest trends and introduce you to all the newest innovations and technologies as they drop.
  6. Since its launch in 2009, cryptocurrency has taken the world by storm. In essence, it can be described as digital money. Many people invest in it, hoping the value of whatever crypto they have goes up. For example, at the start of 2013, Bitcoin was trading at around $13.50 per coin and peaked at just under $24,000 per coin in December of 2020. To understand the full scope of the cryptocurrency global landscape, we surveyed over 1,000 people regarding their investment tendencies and feelings toward the digital dollar. What does the future hold for Bitcoin and the many other cryptocurrencies circulating around the net? With their rapid rise in popularity and worth, they may be here for the long haul and might even eventually render the physical money we know and love obsolete. Keep reading to discover who's investing in what and why. Cryptocurrency at a Glance From the surveyed population, 76% had invested in cryptocurrency entering 2021. Millennials were the most keen on it – 80.1% of them fell into this age category. Among respondents, 64% were men, and 36% were women. By a large margin, the most owned cryptocurrency was Bitcoin (51.4%). The next highest was Bitcoin cash at 10.4%, and the rest were all well under that. Investors were five times more likely to own Bitcoin versus other cryptocurrencies – there are a handful of factors that contribute to its popularity. Bitcoin is worth a lot (over $35,000 USD apiece at the time of writing this), has been around longer than other cryptocurrencies and major companies have started to accept it as a legitimate payment option. Crypto influencers offer advice, news, and predictions for the crypto world – almost 60% of cryptocurrency owners took influencer knowledge into account when investing. Vitalik Buterin, a Canadian-Russian programmer, is one of the most famous figures in the crypto world. He co-founded Bitcoin Magazine in 2012 and Ethereum in 2015, which has become the second-largest cryptocurrency worldwide. Another influencer, Erik Voorhees, is an American entrepreneur who has been at the forefront of numerous crypto-related ventures. He launched a bitcoin gambling website in 2012 called SatoshiDICE and founded Coinapult in 2013 which allowed users to send bitcoins via SMS. In 2015, he turned his attention toward his new venture, ShapeShift, a currency exchange and management platform that supported many different cryptocurrencies. Of the last 12 years, 2018 saw the highest level of first-time cryptocurrency investment, with 21.4% of respondents entering the market at the time. Overall, 46% of respondents started to invest in 2018 and beyond. A tremendous increase in Bitcoin price over the last couple years could explain the rise in interest and subsequent investments. The Crypto Experience When further analyzing respondent's feelings toward cryptocurrency investment, more can be learned about their views, opinions, and experiences with it. Firstly, 53% of current cryptocurrency owners worried about criminal activity. According to a Crypto Crime Report conducted by Chainanalysis, the value of Bitcoin that had been sent to and from various markets on the dark web totalled over $600 million. To that end, 65% of respondents agreed that cryptocurrency should be regulated and monitored by the government in an attempt to crack down against the rampant illegal activity in the crypto underworld. Forty-one percent of investors claimed they had fallen for a scam or experienced an attempted scam. There are a lot of tricks scammers can use to con people out of their money. It is usually done by email or telephone – a common strategy used is to offer participation in online referral strategy schemes or investment in a "surefire" business opportunity. Unfortunately, some people send their hard-earned money to the person on the other end of the line. They may promise to double your investment, but the money is almost always never seen again. Seventeen percent of all respondents and a quarter of baby boomers felt cryptocurrency as a whole is just a scam. Seeing as the concept and usage of cryptocurrency is fairly new, the hostility and uncertainty toward its long-term legitimacy isn't entirely surprising. More on Investments Respondent's average initial investment into cryptocurrencies was $2,235. In all, the average investment totaled $9,305. Seventy-seven percent of investors had set up automatic investment payments to continually increase their crypto accounts. Not every investment led to financial success, though. Over 56% of baby boomer respondents claimed to have lost money to the crypto market, followed by 49.2% of Gen Xers and 44.6% of millennials. Overall, 47% said they had suffered losses on their invested money, the average being $2,763. Fifty-eight percent decided to pull their previously invested money, averaging $3,305 in withdrawals. Well over half of respondents attributed their use of cryptocurrencies to investment purposes. Investment can be an attractive option, seeing as Bitcoin, for example, is a scarce asset, many believe its value can continue to rise as fiat currencies (e.g., the U.S. dollar) depreciate. Only 8.3% of respondents used it for direct spending – there is an increasing number of companies that have begun to accept crypto payments, and as more allow it, direct spending will likely increase as well. Just under 15% of respondents claimed to have invested in cryptocurrency in the hopes of churning out large profits. The majority (37%) had invested purely out of curiosity. It is still too early to tell how cryptocurrencies will fare in the future – it seems as if many people are just happy to be along for the ride and see how their investments do. It also provides investors an opportunity to learn more about the crypto world in the event a global movement toward digital monetary assets takes place. The Future Is Crypto Twenty-one percent of cryptocurrency skeptics said they plan on investing in the new year. On average, those that have already invested plan on injecting $7,145 into their crypto accounts. Newcomers planned on investing considerably less, at an average of $965. Unsurprisingly, 31.3% of respondents are looking to invest in Bitcoin over other types of cryptocurrency. Also, most of them (65.6%) felt hopeful about the future of cryptocurrency – a positive mindset could be the first step toward (financial) success. As a whole, 45% of respondents felt a $100,000 mark is within reach for Bitcoin in 2021. Just over 54% of cryptocurrency owners believed as much, as did 16% of those without any crypto to their name. Seventy-seven percent of cryptocurrency owners believed that it will become just as popular as government-issued currencies, whereas 40.2% of nonowners agreed. On average, 68% of respondents believed the two currencies will eventually become equally as popular. With the increase in interest in cryptocurrencies and subsequent investments, as well as Bitcoin being the best performing asset this past decade, a level playing field between crypto and government currencies could be here sooner than we think. Crypto Quick Stats Top 5 Crypto-Friendly States: Colorado Ohio Texas California Wyoming Top 10 Richest Crypto Investors: ‘Nakamoto' Chris Larsen Joseph Lubin Changpeng Zhao Cameron & Tyler Winklevoss Matthew Roszak Brock Pierce Brian Armstrong Anthony Di Iorio Xu Mingxing Top 9 Countries With the Highest Increase in Users Between Ages of 18 and 24: Nigeria Australia Spain Canada Mexico U.K. Colombia India Pakistan Top 9 Countries With the Highest Increase in Female Users: Greece Romania Argentina Portugal Indonesia Ukraine Czechia Colombia Venezuela The Digital Gold Rush The rise of cryptocurrency is a fascinating one, and there is much controversy that surrounds the topic. Twitter CEO Jack Dorsey famously tweeted in 2018 that he believed the internet and the world as a whole will operate on one single currency, being Bitcoin. Although there has been consistent elevated interest displayed by the public in their investment efforts, many are skeptical about the safety of a digital currency. An average person may fear scammers and hackers, and governments are worried that it might destabilize their national currencies and hurt their economies. The influence that cryptocurrency will have in the future is uncertain, as there are both positive and negative aspects that come with its total adoption. For now, it seems that people are happy investing casually and learning what it's all about. What we do know, though, is that the landscape may very well drastically change in the next ten years, maybe just as quickly as it has since Bitcoin's inception. Methodology and Limitations We surveyed 1,015 people about their views on cryptocurrency. Respondents were 42.1% men, and 57.6% women. One respondent was nonbinary, and two respondents chose not to disclose their gender. The average age of respondents was 38.3 with a standard deviation of 11.8 years. Our survey included respondents currently invested in cryptocurrencies and those who are not. 244 respondents were currently invested in cryptocurrencies and 771 respondents were not. Questions on which cryptocurrency respondents own, their reasons for investing, what they use it for, which crypto influencers they actively follow, and what they associate cryptocurrency with were asked as check-all-that-apply questions. Therefore, percentages won't add to 100. The data we are presenting rely on self-report. There are many issues with self-reported data. These issues include, but are not limited to, the following: selective memory, telescoping, attribution, and exaggeration. Fair Use Statement Think your friends and family might want to brush up on their cryptocurrency knowledge? Feel free to share these findings – we only ask that you do so for noncommercial use and that you provide a link back to this original page so the study's contributors can earn credit for their work.
  7. Gambling in casinos these days has grown more diverse in terms of payment, which is thanks to the rise of crypto casinos, where you gamble with cryptocurrencies such as Bitcoin and Ethereum. Over the years, both cryptocurrencies have given online gamblers new ways to store their winnings. Gamblers can deposit and withdraw money fast to and from their accounts. There are some differences between bitcoin and cryptocurrencies that one needs to know when figuring out which to use while online gambling. If you want to know which kind of bitcoin casinos work for you versus Ethereum, keep on reading. What Are Bitcoin Casinos? You may be very familiar with bitcoin, given its popularity as a cryptocurrency and its acceptance among government regulators. However, you may not be as familiar with bitcoin casinos when playing for the first time. Here is the way a bitcoin casino works. The software behind the casino game conducts and runs it, with occasional minor human interference. If a game only needs human players, the software will act out the role of a table dealer. Bitcoin itself can either be used as the means for the primary transaction or offered as an additional currency. Bitcoin casinos have to assure users of the operation's impartiality since all transactions happen online. Most bitcoin casinos will try to build their players' trust by being transparent about how their software's algorithms work. Otherwise, the casino's reputation is grown by word-of-mouth or online advertising about how unique their offering of casino games are. The Pros and Cons of Bitcoin Casinos One great benefit of using a bitcoin casino is that it allows for the right amount of total anonymity. This is different from regular casinos where they are always connected to a specific person that can be easily identified and traced. When engaging in a bitcoin transaction, there is no risk of financial volatility during payment processing, and it will automatically convert to your country's currency. Some other pros about using bitcoin casinos are as follows: Offering higher limits for withdrawals and deposits Great bonuses offered by various websites when depositing with Bitcoin No processing fees Providing instant transactions Not subject to taxation Note that even if a crypto casino does offer Bitcoin, it is best to check the fine print when signing up. Some sites may not accept Bitcoin at all, while others may need the player to be a certain age if using Bitcoin. Bitcoin can have its issues too. Gambling websites will process the Bitcoin withdrawals manually for security purposes, thereby making Bitcoin withdrawals take more time than with credit or debit cards. What Is Ethereum? Different from Bitcoin, Ethereum, as a blockchain platform, is an open-source software that generates and runs decentralized digital applications. These digital apps then enable users to make agreements and conduct transactions directly with each other. This means users can buy, sell, and trade without a middle man. Their cryptocurrency is known as Ether. It can be used as a digital currency on exchanges and on the Ethereum network to run applications. The Pros and Cons of Ethereum Because of its unique nature, Ethereum can add some unique benefits for a user's online gambling experience. Some of the benefits of Ether include the following: Cheaper because of a lack of third parties Not regulated by government entities Its open-source creation means more stability and transparency Has its own identifiers It does have its own issues, though. For example, the transaction speed can get congested and sluggish at times. In addition, some may find the platform too complicated and comprehensive to use easily. Another major disadvantage is that many casinos may not be as familiar, so it may reject Ether users if the site does not support it. Ultimately, Ether and Ethereum were created to make possible unchangeable, programmatic contracts and applications through its own currency. Crypto Casinos Now that we have introduced the differences between these two types of cryptocurrencies, here are some online gambling sites and crypto casinos that may work best with Bitcoin and Ethereum. Slots Heaven While this site mainly specializes in bitcoin slots, it also allows players to play live casino crypto games or table games such as Bitcoin Blackjack or Roulette. BitStarz Notable for being one of the first crypto casinos to accept Bitcoin as a form of deposit and wager, this website has over 2,900 games available to play. They let you deposit your Bitcoin or another cryptocurrency into your account, which will be held in your desired cryptocurrency. This site also supports both Bitcoin and Ethereum, along with many other forms of payment. No Bonus Casino This crypto casino is known among online gamblers as a site acting as a clubhouse for players who would rather play without bonuses (except their 10% cashback feature). When withdrawing Bitcoin, the casino will issue the funds to your account in no more than 24 hours. Choose the Right Type of Bitcoin Casinos for You Online gambling has grown to a very diverse size over the last decade, thanks to the growing use of Bitcoin casinos and Ethereum. Cryptocurrency transactions in crypto casinos can be sparse, but you can find the right casino for you if you take our advice on the best crypto casinos out there. We offer some great tips and information about Bitcoin, Ethereum, and other cryptocurrencies for online gambling. To find out more or to add your brand to our site, contact us today.
  8. As of September 2020, there are over 5,000 cryptocurrencies available in the market. There is no exact number as it's an open-source — anyone can create their own virtual money using a code. Below we have listed 10 of the top currencies in the market today. Find out the main differences between them. 1. Bitcoin Bitcoin was the first cryptocurrency in the world. As virtual money, you can use it for buying anything so long as the shop accepts Bitcoin cash. It can also be exchanged for other cryptocurrencies. Each bitcoin is a computer file stored in a virtual wallet either on your computer or a smartphone. All transactions are on a public ledger called the blockchain. Bitcoin was invented in 2008 and started the year after and was released in an open-source software. By far, it's still the largest cryptocurrency in the world. 2. Ethereum On July 30, 2015, Vitalik Buterin launched Ethereum — a software platform that enables Decentralized Applications and Smart Contracts to run without control or interference by other parties. Its crypto token is Ether and it's the second-largest cryptocurrency after Bitcoin. Ethereum started when Buterin suggested that Bitcoin needed a scripting language. A pre-sale for crypto coin ether was then launched and it can be used to decentralize, secure and trade just about anything. Today, Ethereum was split into Ethereum Classic and Ethereum. 3. Ripple Also referred to as Ripple protocol or Ripple Transaction Protocol, cryptocurrency Ripple is a gross settlement system in real-time. It started in 2004 when Ryan Fugger thought of a monetary system that can effectively allow people to make their own money. RipplePay.com was then launched the following year to provide a more secured payment via a global network. In 2011, Jed McCaleb developed that verified transactions by consensus among the members instead of relying on blockchain ledgers. With this, a new version of the cryptocurrency was launched which effectively performs transactions and uses less electricity compared to Bitcoin. 4. Tether Tether is the 4th largest cryptocurrency by market cap. It was launched in 2014 designed to use fiat money digitally. To allow users to take advantage of trading, it facilitates trading between other cryptocurrencies with a fixed rate to the US dollar. It utilizes the blockchain network and similar technologies in transacting traditional cryptocurrencies sans its complexity associated with trading. 5. Litecoin Launched in 2011 by former Google engineer Charlie Lee, Litecoin was one of the first cryptocurrencies to follow Bitcoin. It's dubbed as the silver and Bitcoin's gold. This digital currency uses a scrypt for proof of transactions and it isn't controlled by any central authority. While Litecoin and Bitcoin are quite similar, the former provides a faster transaction and block generate rate. Today, Litecoin is the 6th largest cryptocurrency in the world by market cap. 6. Bitcoin Cash In May 2017, Bitcoin payments take about 4 days — a little longer for small transactions. They want something more practical just for day to day transactions so they implemented a change or code and then Bitcoin Cash was born on August 1, 2017. It's one of the most successful and the earliest hard forks in the cryptocurrency world. 7. Monero You can't trace Monero as it's extremely private and secure. It launched in 2014 and developed primarily on donation-based. Its main objective is to focus more on scalability and decentralization. They have achieved complete privacy with their technique called ring signatures. With the ring technique, a group of encrypted signatures appears and all but one is valid. While it's very secure, individuals who use Monero may be devising some criminal operations. All things considered, it's still one of the top cryptocurrencies in the world. 8. Libra Libra blockchain was proposed by Facebook and it's designed to improve financial services. It aims to include a new payment system that will meet the financial needs of billions of people around the world. It will be accessible to anyone and transactions will be easy and quick regardless of location or who is sending/receiving the money. Libra was created by David Marcus, Morgan Beller and Kevin Weil. 9. EOS Like Ethereum, EOS enables developers to build decentralized applications. Launched in 2018 and created by Dan Larimer, EOS aims to offer more scalability than its competitor cryptocurrency. Mining is not needed to produce coins with EOS. It consists of EOS.IO which acts as its blockchain network both for the digital currency and the EOS coins. 10. Binance Coin or BNB If you own a Binance coin, you can trade in several cryptocurrencies using the Binance cryptocurrency exchange platform. BNB was launched in 2017 and is one of the largest trade volume wise. You can use the BNB virtual money for paying goods and services, and for facilitating transaction fees. FAQs on Cryptocurrencies: Why should you use cryptocurrency? Unlike conventional currencies, bitcoin and other digital currencies are highly secured and offer extreme anonymity. In addition, the fees are lower and because it's decentralized — it's available to anyone. Transactions made in the system cannot be altered nor reversed. It's completely safe and secure. What is a cryptocurrency wallet? A cryptocurrency wallet is where you store your cryptocurrency or private keys. The latter serves as an address to which a user can send cryptocurrency. You can't transact anything without the private key. There are several cryptocurrency wallets available in the market today: Internet-connected wallet is the hot wallet which is easier to spend although vulnerable to attacks. You are more protected from cybercrime with cold storage or wallet. Do online casinos accept cryptocurrencies? Yes, in fact, there are a growing number of gambling sites and online casinos accepting virtual money. The popularity of digital currencies has enabled other industries to grow such as gambling and online casinos. Check out our top recommended casinos that accept cryptocurrencies. Cryptocurrencies are the new generation of money. You can acquire it by purchasing coins, by mining or by accepting payment for certain goods and services. The industry is still growing — you can invest in it, make private transactions, participate in online gambling, make a loan, etc. If you're not sure which cryptocurrency to acquire, make sure you check our list above and visit our complete guide to cryptocurrencies.
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