The rise of blockchain-based bitcoin casinos has been meteoric, and it doesn’t look set to slow down anytime soon. In fact, we predict that blockchain casinos will eventually become the norm. The traditional online casino format will become a relic from the not-too-distant past. In this article, we’re going to take a look at how blockchain-based bitcoin casinos are changing the face of online gambling. Hopefully, by the end of the article you’ll feel ready to embrace the change.
One of the best things about blockchain technology is the speed at which financial transactions can be processed and completed. It is already a well-known fact that Bitcoin casinos are fast payout casinos and other blockchain-based casinos that use other forms of cryptocurrency, such as Ethereum, are just as fast if not faster. The days of waiting days and days to get your hands on your winnings could finally be over for good.
Transparency and Trust
One of the biggest concerns for most players is transparency. In other words, most players worry about whether or not their online casino is playing fair. With a blockchain-based casino, you are guaranteed transparency. For example, you’ll be able to see for yourself whether or not the slot games are actually paying out at 96% or whether the reality is more like 85%. The blockchain ledger is available for everyone to check whenever they wish to, which means the online casino can’t mess around behind the scenes.
Casino House Edge
Due to the fact that blockchain technology allows for a more automated system, a blockchain casino doesn’t have the huge overheads that plague most online casinos. This benefits players because it means that the blockchain casino doesn’t have to recoup their losses by hiking up the house edge in the way that traditional online casinos tend to do. A lower house edge means players have a better chance of winning in a shorter space of time.
Blockchain-based bitcoin casinos offer players a previously unheard-of level of anonymity. Due to the fact that your cryptocurrency is stored in a private online wallet rather than at a centralised bank, you do not have to prove your identity when making a payment. Players using this technology, therefore, can play from anywhere in the world. Your transaction history is completely private. It is also much safer to use cryptocurrency because it is much harder for unwanted third parties to get hold of your personal and financial information because the data no longer has to go through a middleman.
As the number of blockchain-based casinos grows, so to does the number of new and unique games on offer. Blockchain-based casinos offer a whole host of excellent games that can’t be found at traditional online casinos. And due to the aforementioned transparency, these games are provably fair. The odds for these games tend to be much better than other casino games. This means that you stand a much better chance of walking away with full pockets.
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