Gambling, Cryptocurrencies and Blockchain
One of the most popular uses of Bitcoin is online gambling, This is evidenced with the popularity of platforms like SatoshiDice.
The Cryptocurrency casinos might take advantage of blockchain’s technology in two ways. The first accepts payment using the services of cryptocurrency like Bitcoin. The second provides an attractive experience for users in the form of provably fair gaming that makes use of blockchain as a mechanism that provides the open source functions that are necessary to operate the provably fair algorithms, i.e. the random seed generation, hashing, and also random number generation.
The legality of online gambling using cryptocurrencies is a controversial subject in parts of the world. However, cryptocurrency casinos clearly demonstrate that an online gambling experience can be reliable, seamless, and provably trustworthy. Cryptocurrency casinos are showing the world there’s a better way for players to interact with the gaming industry. Business leaders and Regulators are now taking a more determined stance on how best to proceed.
In the gaming industry context this transformation has been felt acutely by the established gaming houses entering the online wagering marketplace, many popular games like poker and slots can be played directly using a smartphone or laptop.
In the U.S. some jurisdictions have implemented legislation that limits these services while some states have outlawed the online gambling practice altogether. The gambling industry has a need for a rigorous solution to problems, such as, the propensity of the game providers to “cheat” or to manipulate the house edge in their favour.
The scale that the larger gaming houses operate means that a slight manipulation, one that would be unnoticed by players, for instance, there might be an increase in the probability for the house to win from 51% to 52%, such a small increase could mean a large increase in profit for the casino at the expense of the public. One way of preventing this type of manipulation is by implementing tight regulatory controls within the gaming industry.
Today we are living in a time where the emergence of cryptocurrencies, such as, Bitcoin has started to reconfigure the way that the online gambling operations are conceived and implemented at all the stages of an organization.
Bonus
150% up to $300 (code: WINTASTIC), 117 Free Spins on Bubble Bubble Slots (code: BUBBLETASTIC), 10 Free Spins on Sign Up for Panda Magic (code: MAGICTASTIC)
Software
Real Time Gaming
Currency
Bitcoin Cash, Bitcoin, USD
Bonus
Up to $3000 (code: BOLCASINO), 100% Crypto Bonus (code: CRYPTO100)
Software
Betsoft, Digital Gaming Solutions, Dragon Gaming
Currency
Bitcoin, Litecoin, USD
Bonus
$7777 Welcome Bonus (code: SLOTO1MATCH)
Software
Real Time Gaming, ViG
Currency
Bitcoin Cash, Bitcoin, Litecoin, USD
Bonus
Up to $5000
Software
Wager Gaming Technology
Currency
Bitcoin, USD
Bonus
$777 Welcome Bonus
Software
Wager Gaming Technology
Currency
AUD, Bitcoin, USD
Bonus
$8888 +350 Free Spins (code: UPTOWN1ACES), Low Playthrough up to $100 (code: 100ACES)
Software
Real Time Gaming
Currency
Bitcoin Cash, Bitcoin, EUR, Litecoin, USD
Bonus
100% up to $1000, Bitcoin Welcome Bonus (code: IGBITCOIN200)
Software
Bovada Gaming, Real Time Gaming, Rival Gaming
Currency
Bitcoin Cash, Bitcoin, USD
Bonus
$9000 Crypto Welcome Bonus (code: CRYPTO300), $5000 Welcome Bonus Package (code: WILD250)
Software
Betsoft, Dragon Gaming, Nucleus Gaming
Currency
Bitcoin, Ethereum, Litecoin, USD
Bonus
100% up to $1000 (code: NEWWELCOME), 125% Bitcoin Welcome Bonus (code: BTCCW1250)
Software
Bovada Gaming, Genesis Gaming, Makitone Gaming, Real Time Gaming, Revolver Gaming, Rival Gaming, Spinomenal
Currency
Bitcoin, USD
Bonus
$2500 + 500 Free Spins, Bloody Mary Thursdays
Software
Wager Gaming Technology
Currency
AUD, Bitcoin, Litecoin, USD
Get Your Bonuses
Bonus Code
CYBERDAY
Bonus Percent
150%
Max Amount
$150
Ends
December 5, 2020
Bonus Code
LEAPING
Bonus Percent
150%
Max Amount
$150
Ends
December 9, 2020
Bonus Code
DANCING
Bonus Percent
100%
Max Amount
$200
Ends
December 8, 2020
Bonus Code
CCLS129
Ends
December 8, 2020
Bonus Code
LCBP1118
Ends
December 8, 2020
Bonus Code
CCBITCOIN150
Bonus Percent
150%
Max Amount
$1500
Bonus Code
CAFE100
Bonus Percent
100%
Max Amount
$1000
Bonus Code
BLACKFRIDAY
Bonus Percent
100%
Max Amount
$200
Ends
December 2, 2020
Bonus Percent
100%
Max Amount
$777
Bonus Code
SUNSHINE15
Max Amount
$15
Banking News
- Cash-out Faster with Bitcoin At Joe’s Fortune August 19, 2020
- What is a Bitcoin Casino? August 19, 2020
- A Guide To Understanding Bitcoin August 19, 2020
- Funding Methods for Casinos August 19, 2020
- Bitcoin for Online Dice Games Gambling Sites August 19, 2020
- Bitcoin The Emerging Virtual Currency That’s Sweeping The Casinos August 19, 2020
- WinADay is Now Accepting Bitcoin for Fast Easy Transactions January 16, 2020
- How Does Bitcoin Affect Online Casinos? January 15, 2020
- Casinos Using Cubits June 22, 2019
- Bovada Payments February 26, 2018