Nothing has revolutionized the world of gambling like the introduction and popularization of the computer. When slot machines were first adapted to be played on video monitors at casinos, that was a change that took some people a little getting used to, but ultimately everybody adapted and it opened up new worlds of possibilities. In the early 2000’s, the online casinos became popular and allowed anybody with an internet connection and a computer to have a real money gambling experience from their home. A few years later, the mobile casinos emerged, and suddenly we all had the ability to play any of our favorite casino games on our smartphones any time and at any place.
Well, right now the next chapter is being written, and it is called Bitcoin Casinos. You might also called them altcoin casinos, cryptocurrency casinos, or blockchain casinos – it doesn’t matter, they are all essentially the same thing. And for most people, it is not important to know exactly how it works. What is important is to know THAT it works. It is like electricity in that way. Very few of us have a fundamental understanding of where electricity comes from, how it is made, or exactly what is going on in the big electric panel in our basement. However, we do know that if we plug a lamp into a light socket, it turns on and we can go about our business. Same with bitcoin casinos.
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What makes BTC casinos so great?
What makes gambling with bitcoin so revolutionary is essentially a combination of three major factors. The principal benefit stems from the fact that Bitcoin is a decentralized cryptocurrency, i.e. there’s no need to go through banks or any regulatory body or financial institution. The transactions are inexpensive and nearly instantaneous. This alone is revolutionary for the international gambling business, because it has long been a target for regulation, corrupt banking practices, along with high transaction fees and wait times for deposits and withdrawals. With bitcoin casinos, this obstacle is completely removed.
The second major benefit to playing at Bitcoin casinos is the anonymous gambling experience you will enjoy. Bitcoin is an anonymous currency, meaning you do not have to divulge any information about yourself to own Bitcoins, and a true Bitcoin casino will not ask for any personal information from you aside from an email address and a password. Thus, you never have to worry about your identity or personal details being misused.
The third major benefit of gambling with Bitcoin is that the blockchain has made possible the implementation of what’s called “provably fair” games. This works by enabling the casino to prove to you that the result of your game was fair. Fully understanding the actual process is a little complex to the average player, but it’s easy for everyone to use. Essentially, the casino’s server gives the player a long hash value that allows you to reverse the casino’s encryption process to verify that it is equal to the outcome of the wager.
These three benefits are largely what is causing the use of Bitcoin to revolutionize the online gambling industry, and it is doing so in a hurry. And now that the industry has had a few years to adapt to this new technology and cater to it, we are seeing truly superb Bitcoin casino offerings emerge, with a wide range of games that have stunning graphics, sound, and gameplay. Give one of our recommended BTC casinos a try and we’re certain you’ll agree that Bitcoin gambling is not only the future, it has arrived at the present and is already in full stride!