Cryptocurrency

Which one is better for online gaming: Ethereum or Bitcoin?

Published

3 months ago

July 4, 2018

Niji Ng

Which one is better for online gaming: Ethereum or Bitcoin?

Reading Time: 2 minutes

There is a seemingly eternal debate going on in the online gaming sector. Which of the cryptocurrencies are better suited for online gaming functionality: Ethereum or Bitcoin?

Bitcoin seemed to have a natural first-mover advantage, as it was the original crypto. However, the other one is also catching up really fast.

Which of the two is best suited to the online gaming world? Let’s find out.

First of all, due to Bitcoin being the first ever cryptocurrency it is the most widely accepted as you’d expect. This instantly makes it the most popular for use at online casinos because the operators that accept cryptos will accept Bitcoin. However, its popularity has started to get the better of it at times, with the network often becoming congested; which leads to delays when depositing and withdrawing.

In the past, it was the speed of transactions when using Bitcoin as well as their low fees which made this the payment method of choice for many. Now, with transactions taking longer to process, it is opened a gap in the market where other cryptos could usurp it, with Bitcoin’s huge advantage now seemingly a thing of the past.

Step forward, Ethereum. While Bitcoin may be the number one cryptocurrency, Ethereum runs it a good second and while it operates in the same way as Bitcoin running on a blockchain, it does bring its own features to the table too. One of its unique twists is the use of smart contracts which enforce transactions in the cryptocurrency world.

In terms of its influence in the online gaming sector, Ethereum is growing in popularity, and for very good reasons too. While it may not be as popular as Bitcoin, it does have its advantages and the fact that they capitalise on their rival’s perceived weaknesses show why Ethereum is gaining a head of steam in gambling circles.

Ethereum’s transactions are not only processed a lot faster than Bitcoin’s, but their fees are lower too; which can be all the difference when it comes to deciding whether to game using Bitcoin or Ethereum. We live in a world where speed is everything, people don’t want to have to wait any longer than they need to and with Ethereum they won’t have to.

In terms of the head to head battle, if you want faster processing speeds and lower fees than Ethereum is worth considering. Bitcoin is the king of cryptocurrencies though, it’s by far the most reputable and the fact that it’s the most widely accepted makes it the ultimate choice regardless of decreased speeds and higher fees. In fact, the reality is, players will find that most cryptocurrency gaming sites will most likely accommodate a number of currencies.

Source: globalcoinreport.com

Related Topics:Bitcoin cryptocurrency Ethereum Gambling Gaming online gaming sector

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Niji Ng

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

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Cryptocurrency

CashBet appoints Ed Brennan as Company President

Published

3 days ago

September 19, 2018

Zoltan Tundik

Reading Time: 2 minutes

iGaming platform provider CashBet has moved to bolster its senior team by installing advisory board member Ed Brennan as company President.

Ed Brennan will lead CashBet in the next period of its development, following one of the world’s largest casino gaming ICOs, with the goal of establishing it as the leading blockchain-powered platform.

He brings a wealth of experience to the position after 25 years in the internet, software, hardware and financial services industries, working with a host of Fortune 500 companies such as Merrill Lynch, Seagate, Adobe, Microsoft and NexTag.

Commenting on his appointment, Brennan said: “I have enjoyed serving as an advisor to CashBet and am confident that my understanding of the business and its position in the iGaming market will help me step up to this new position as we look to grow even further.”

“Even with the unforeseen challenges presented by the crypto bear market, CashBet has never been in a better position to achieve its full potential. I am honoured to begin serving as the company’s new President with guidance from the Board.”

Brennan’s appointment follows the Board of Director’s decision to begin search for a new CEO to replace Co-founder Mike Reaves.

Reaves co-founded CashBet in 2012 following a long career in online gambling. The platform he helped create is designed to encapsulate everything an operator needs to run a modern iGaming business.

Over the past five years, it has developed patented technologies and built the world’s first-crypto enabled iGaming platform, as well as becoming the first cryptocurrency partner in English Premier League history when it agreed to sponsor Arsenal Football Club.

About CashBet

CashBet is a leading mobile-first iGaming platform provider and turnkey operator. CashBet’s platform empowers real-money, social, and skill-based gaming apps and websites worldwide. By integrating CashBet’s software, game developers can legally launch online gambling games without needing to be licensed. With CashBet’s feature-rich platform, operators gain access to player segmentation, bonusing, campaign management, and other patent-pending features to enable a profitable iGaming operation from day one. CashBet is licensed by the Alderney Gambling Control Commission and the UK Gambling Commission. For more information, please visit www.cashbet.com.

Cryptocurrency

Bitgames Launches the World’s First Free Bitcoin Lotto

Published

4 weeks ago

August 28, 2018

Zoltan Tundik

Reading Time: 1 minute

Bitgames Ltd offers online games and free lotteries.

BERGEN, Norway, Aug. 28, 2018 – Bitgames Ltd, a Norwegian company that offers free cryptocurrency games and lotteries, has announced their global launch of the world’s first entirely free Bitcoin lotto. The absence of a legitimate and free Bitcoin lotto on the global market inspired Bitgames to create the BTC Free Lotto.

“We have set ourselves some high goals in terms of building an immense user-base of active players and producing many new Bitcoin millionaires,” says Pål Sverre Lokøen founder and CEO of Bitgames. “Our free lotto concept is developed with the novice users in mind, and everyone aged 18 and older can easily register and join our free Bitcoin lotto.”

Players from all countries can register and play for free for a chance to win millions in Bitcoin. Also, Bitgames offers a progressive mega jackpot that grows daily. BTC Free Lotto is easy to set up, and registration just takes a few minutes. All players need to do is register their free account and download the free mining software and enter Bitgames mining address. Players then pick their lotto numbers for instant lotto play. They can play anytime they want.

To learn more about Bitgames and to play the free lotto, visit BTCFreeLotto.com

About Bitgames Ltd

Launched in 2017, Bitgames, a family-run business headquartered in Bergen, Norway, offers free cryptocurrency games and lotteries. The Bitgames team has more than 40 years of experience in domestic and international business. For more information, visit BTCFreeLotto.com.

Cryptocurrency

The PlayChip Ecosystem Hits One Million Global Users as Online Gamers Seek to Embrace Cryptocurrency

Published

4 weeks ago

August 28, 2018

Zoltan Tundik

Reading Time: 2 minutes

The world’s first true universal gaming token will be used by over one million sports betting and gaming enthusiasts on seven platforms in the PlayChip Ecosystem.

SYDNEY, Aug. 28, 2018 – PlayChip, the Universal Gaming Token, is cementing its status as one of the most promising token sales of 2018. The PlayChip Foundation, whose token is in pre-sale until October 31, today announced that its combined user count has hit 1 million, a milestone they had initially forecasted surpassing in December.

The PlayChip Ecosystem’s one million users are located across over 70 countries, with particularly high traction in India, Australia, United Kingdom, and USA. When the blockchain-enabled platform goes live on December 19, each of these users will be able to easily participate in seven different online gaming platforms that include sports betting, casino games, eSports and Daily Fantasy Sports.

The success of the PlayChip is indicative of a new trend of reverse ICOs in the cryptocurrency market. Reverse-ICOs refers to existing businesses who tokenize the economy of their user base, unlike traditional token offerings that generally lack a working product and users. Following the success of the Telegram ICO, the PlayChip represents one of the first in this new wave of reverse token offerings.

“PlayChip is truly a unique token offering because while others write white papers about potential audiences and hypothetical use cases, PlayChip is well positioned with a very active global audience on multiple platforms that are already part of the PlayChip family,” Luke Lombe, Head of Blockchain with PlayChip said.

“The team at PlayChip are thrilled about hitting the million-user mark earlier than expected, and we look forward to continued strong growth. We are in the middle of our pre-sale and very much focussed on delivering a quality product that surpasses the expectations of our loyal following.”

The seven gaming platforms in the PlayChip ecosystem include PlayUp, DraftStars, Betting.Club, ClassicBet, TopBetta, MadBookie, and 123Bet. All players will be able to seamlessly move between platforms via the integrated PlayWallet and instantly cash out via the PlayXchange. In FY2018, these platforms are on track to exceed a turnover of US$430 million.

For more information, please visit: https://www.playchip.global/ or read the PlayChip Whitepaper: https://www.playchip.global/wp-content/uploads/2018/08/PlayChip-Technical-Whitepaper.pdf

About PlayChip

PlayChip is the Universal Gaming Token for sports betting, gaming, fantasy sports, and eSports, at the centre of an incentivised, blockchain-enabled sports community and gaming ecosystem. The PlayChip Ecosystem consists of seven independent partner platforms with more than a million users across over 70 countries. The PlayChip ecosystem is designed to be secure, scalable, simple to use, and fun, as well as include features to incorporate provable fairness into PlayChip transactions and the partnered gaming platforms, making it the gaming token of choice around the globe.

Media contact:

Justin Roberti
+1 610 203 2631
justn.r@webprofits.com.au