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How Cryptocurrency Will Impact The Gaming Industry

Are you curious as to how cryptocurrency will continue to impact the gaming industry? If so, continue reading to find out how it is expected to do so.

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It may have first originated in 2009 but it has been during the 2020s that cryptocurrency has well and truly exploded into the mainstream by steadily infiltrating a growing number of global industries and sectors. The gaming industry, in particular, has experienced rapid change due to the ever-changing nature of digital payment methods and the opportunity for players to be rewarded in virtual assets as opposed to physical prizes that they can later exchange and trade across a number of digital platforms. If you are curious as to how cryptocurrency will impact the gaming industry in the coming years as it grows and develops at an accelerated pace, continues reading to find out everything you need to know.

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It will facilitate instantaneous transactions

In the gaming industry, the need for third-party or manual intervention has led to collective frustration amongst players forced to wait a considerable amount of time to be paid for their gaming efforts. The introduction of cryptocurrency, however, eliminates the need for external validation so gamers can deposit or withdraw instantaneously and efficiently and free up precious time to be spent on the physical act of playing a game. In the past couple of years, there has also been mounting frustration over the difficulty a growing number of gaming developers face when attempting to sell their software outside of designated app stores. By tapping into the wide-reaching benefits of blockchain, however, nano-payments can ensure software developers not only receive payments in a matter of minutes but are able to process them in a fraction of the time.

It will lead to greater accessibility and flexibility

The introduction of cryptocurrency into the gaming industry will allow players to tap into their favorite games without bypassing any additional security or exchange rate issues beforehand. This can also provide gamers with the opportunity to play without imparting any identifying information beforehand such as their name, email address, and telephone number which is common for a wide range of gaming platforms and software systems. In addition, the process of depositing and withdrawing funds will also be streamlined for players from start to finish with fewer hoops to jump through and little to no restrictions regardless of what geographical barriers may have previously stood in their way.

It will provide greater safety and security

When it comes to gaming in today’s increasingly digital landscape, safety and security remain fundamental concerns for both players and gaming developers with online purchases now common throughout the gaming industry and hackers waiting at every corner to expose vulnerable players. As well as familiarizing yourself with the best cryptocurrency wallet for you, by comparing Ledger vs Trezor for example, you must also ensure your safety and security needs are met when it comes to your online gaming endeavors with the use of blockchain technology preventing illegal and fraudulent trading of digital assets. In addition, it also minimizes the risk of hacking and theft by relying on a decentralized ledger where the potential for the duplication of keys is eliminated with smart contracts reassuring players that their transactions are safe and secure.

It will promise anonymity

One of the main advantages to come from the marriage of cryptocurrency and the gaming industry is that you can play with the added reassurance of complete anonymity. If you have ever wished to sharpen your existing skills without revealing your identity, for example, cryptocurrency may be the answer to your gaming woes. It has long been a fundamental concern for the gaming industry to reassure players that their money is safe and secure but there has been little progress made when it comes to reassuring players that their personal information is safe and secure. The recent introduction of cryptocurrency games has, however, proven that it is entirely possible to play with complete anonymity on your side by removing the need to disclose any information relating to your personal identity or online transactions. Unless you decide to voluntarily share your online transactions with a fellow user, your cryptocurrency payments will remain hidden from prying eyes forevermore.

It will save players money

In the short time that cryptocurrency has spent infiltrating the gaming industry, it has saved players a considerable amount of money by eliminating the need for hidden fees, handling fees, or exchange fees. This has led to it becoming one of the most cost-effective payment methods available to gamers today when compared to credit cards, debit cards, bank transfers, and even e-wallets. Because there is no need to wait for a third party or bank to validate a transaction, players may also be able to withdraw greater amounts frequently to add to their existing bankroll which makes the gaming industry more appealing to both experienced and inexperienced players as well as software developers.

Cryptocurrency has had a profound impact on the gaming industry in recent years but it is expected to continue revolutionizing the ways in which players interact with their favorite games in the years to come by facilitating instantaneous transactions, leading to greater accessibility and flexibility, providing greater safety and security, promising anonymity, and saving players money.

Bitcoin

How to Choose a Safe Bitcoin Casino – The Complete Guide

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The scope of online gambling keeps changing, creating a convenient atmosphere for punters to enjoy and explore the act. For example, we have moved from playing casino games in currencies like USD, EUR, etc., to funding gaming accounts using crypto coins like Bitcoin, Ethereum, Dogecoin, etc. What’s more, several local restrictions can be bypassed, helping more people get into gambling from across the globe.

Today, there are more casinos adopting cryptocurrency payments. Bitcoin casinos create an interesting form of enjoying gambling. They host the largest game collection, safe and quick payment gateways, generous bonus offers, and much more. These perks easily put them ahead of their counterpart fiat casino operators.

The choice of a bitcoin gambling site is essential. It could be the polarity between creating an incredible gambling experience and an unpleasant one. Crypto casinos like those listed on cryptocasinos.net are in a league of their own. With so much charade on the internet, searching through the numerous options could be staggering. Here is why this review was put together, guiding you through various criteria to selecting the best cryptocurrency casino.

Security and Licensing

The first consideration when picking a bitcoin gambling site is its license. This is always the first phase operators go through before they are permitted to operate. The license is usually located at the bottom of the website. Additionally, for safety, gambling sites set up several firewalls, encryption technology software, and data protection services to curb the rate of third-party invasion.

While considering a btc casino, check out how much such a site has invested in its security; that’s the guarantee that your details would be protected. Please take note of the license it possesses. An issued license is valid proof that the preferred bitcoin gambling site is legitimate and can issue a pay out to its users. A license from a reputable authority is reassuring and would boost your confidence while gambling. It would be best not to patronize sites with no license or whose licenses are from unknown sources.

Cryptocurrency runs on a secure blockchain. However, without proper security, your data could be jeopardized. A reputable licensing body is the United Kingdom Gambling Commission. Other renowned authorities include Malta Gaming Authority, Curacao Gaming Authority, etc.

Variety of Payment Gateways

Being able to initiate payment easily, securely, and quickly is a necessary criterion when picking a btc casino. Bitcoin casinos provide a wide variety of payment methods to ease monetary transactions. Best cryptocurrency casinos are known to have a mix of both fiat currencies and crypto coins channels. Furthermore, gamblers can purchase cryptos via fiat payment methods on the site.

It is easy to come across bitcoin casino sites because it is a widely spread cryptocurrency coin. But it would be best to look for sites with other crypto options like Ethereum, dogecoin, BNB, XRP, etc. What’s more, payment channels have variable transaction timelines. To ensure you have a speedy transaction, check out the terms and conditions on the bitcoin gambling site. For example, a bank transfer would take several days to complete.

Bonuses, Rewards and Promotions

Now and then, a new gambling operator springs up. They offer juicy promotions to lure players their way to gain momentum and a spotlight. Gamblers love freebies and would easily be swayed towards a lucrative offer. Bonuses and promotions are still necessary for picking a bitcoin gambling site. And bitcoin casinos are known for being generous with their offers compared to their traditional counterparts.

Best bitcoin casino sites offer punters terrific casino bonuses such as welcome bonuses, free spins, deposit match bonuses, reload bonuses, VIP/loyalty points, etc. These lucrative promotions would help boost your bankroll and help you hit the ground running as a newbie. For regular players, it encourages you to explore more casino game titles.

Catalogue of Game Titles

The game category can’t be left out of your consideration for a btc casino. Although promotions can be captivating, you must go through the game collection before hitting the sign-up button. The totality of your gambling experience is linked to the quality and quantity of the games you would come across. It certainly makes the difference between an exciting adventure and an unpleasant run.

Slots, table games, poker, live dealer, and video poker are various categories of games to look out for. Usually, crypto casinos team up with best-rated studios to keep the titles forthcoming. While considering your options from the best bitcoin casino sites, do well to select a reputable provider with a proven track record in certification, return to players, etc.

Customer Support Team and Responsible Gaming

Players are no longer amazed or overwhelmed by promotions that operators heavily invest in. Essentially, the aspect of feedback from the operator is not overlooked because it could make or break their gambling experience. Therefore, it is impossible to ignore customer support services in selecting the best cryptocurrency casino.

Bitcoin casino customer support has a long list of benefits. Beyond being a go-to option for players when they encounter a dead end, they also help players curb gambling addiction. The support team consists of well-trained personnel that can help you with a classic experience. Communication channels include email, live chats, phone, and a well-detailed FAQs section.

Anonymity

Gamblers love to stay anonymous on the internet, hence the consideration of a btc casino. Bitcoin casinos provide a safe space for punters who would not want their online gambling activity known to the public. Cryptocurrency is not 100% anonymous because wallets are pseudonymous. However, it cannot be traced to a particular individual.

To keep your digital footprints safe, crypto gambling sites would skip the KYC (Know Your Customer) phase. They could also allow you to log in using a VPN service. All these features keep the user safe, anonymous, and free to enjoy an incredible gambling adventure.

Here’s The Verdict

Playing on bitcoin casinos is soothing. However, selecting the best cryptocurrency casino could be overwhelming if you are new to gambling. This review puts together basic criteria that would help you find your way to the best options. The top points highlighted include licensing, security, payment gateways, customer support, etc.

While you are on your way to creating a beautiful gambling experience, it is necessary to take precautionary steps to ensure you gamble responsibly. Also, it is important to research the bitcoin gambling provider you are interested in becoming part of. Best of luck!

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Which altcoins can you use for gambling when bitcoin is crashing?

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Since the advent of online betting, Bitcoin has been the preferred cryptocurrency. Time, however, is evolving. In the first quarter of 2022, its share fell dramatically. This week alone, Bitcoin’s value dropped by 15% over 24 hours, reaching its lowest point since December 2020. And this, according to experts, is tied to the increased interest in Ethereum and Litecoin, the second-leading cryptocurrencies. Their respective market capitalizations have increased by 3.45% and 2.95%.

What to expect for crypto betting in 2022?

According to the research, it is expected that cryptos would see growth, albeit with adjustments to coin share. And the diversity of cryptocurrencies used for betting will be a major trend.

But what is an altcoin, and which one can you use for gambling when bitcoin is crashing?

What is an altcoin?

The word “altcoin” gained popularity in 2017 when hundreds of different Bitcoin alternatives appeared on the market. However, by 2022, most of the top 100 cryptocurrencies will no longer be Bitcoin alternatives. Today, the market is flooded with new applications and products, some vastly different from others. With millions of cryptocurrencies already in circulation, it’s hard to keep up with everything that’s going on in the market.

In short, altcoins are non-Bitcoin cryptocurrencies. However, some are popular, with technological improvements that set them apart from Bitcoin. And there are several reasons why players prefer altcoins over Bitcoin. Let’s find out some of them below.

Why using altcoins for online gambling is a good idea?

There are many good reasons for gamblers to use altcoins. Here are some of them:

  • Availability

When compared to other coins, gambling with bitcoin can be expensive. Bitcoin is the most expensive coin right now (even though recently it has crashed seriously) and can be costly to buy compared to Ripple and Litecoin. They cost less.

  • Quicker transactions

Unlike Bitcoin, sending altcoins like Ethereum to online casinos for transactions is faster. In addition, some altcoins have added features that help transactions go faster.

  • Wise investment

Some altcoins can be used as an investment tool because their value keeps increasing. Because of this, investors buy a lot of altcoins to increase their chances of making money.

So, which are the most popular altcoins?

The following are some of the most popular altcoins used by online gamblers in the industry, especially when Bitcoin suffers its worst times.

Top gambling altcoins

Ether (ETH) – Popular cryptocurrencies are ranked by market capitalization, and Ethereum is the second-largest after bitcoin. In addition, Ethereum transactions move quickly, mainly when depositing money to online casinos.

Dogecoin (DOGE)– Even though it was made from an internet meme, the coin has become more prevalent in recent months. And casinos love it.

Litecoin – With quicker transaction speeds and cheaper costs than Bitcoin, Litecoin is undoubtedly one of the best options for gambling, particularly after a Bitcoin meltdown.

Conclusion

For the final remarks, we would like to point out that while Bitcoin struggles to regain its former glory, you can save time. Select one of the various altcoins and play freely in any crypto casino, like FortuneJack, where you can find the most exciting gambling atmosphere.

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Drake gives away $1million in Bitcoin (35 BTC) via Stake.com as rapper loses $20million on first live Twitch stream

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Drake joined Stake’s live Twitch stream last night to give $1million in Bitcoin away to fans around the world.

The rapper broadcast his night at the online casino, sharing  live action across a number of games with the highlight being an $18million win on his lucky number 11 on the roulette table as part of their first official live stream collaboration.

Though, it wasn’t the artist’s best night on the tables, losing $20million. However, he was able to bring a smile to a number of fans.

Viewers were selected at random to receive gifts worth up to $75,000 in Bitcoin (2.6 BTC), as Drake video called winners around the world, sharing the love with his fellow Canadians and as far afield as Argentina, India, Mexico, Brazil and Jordan.

Drake recently launched a collaboration with Stake.com, the world’s largest crypto currency betting platform, which saw the rapper place a number of large sports wagers on the site – including a recent $2.6 million parlay win.

Stake .com have confirmed Drake will be live streaming and giving away crypto to fans on Twitch again soon.

Like these cryptocurrencies, teslacoin is also making its impact in the crypto market. You can also research on it.

The night ended well for Drake as the Golden State Warriors secured the Western Conference, netting the Toronto native a million dollars in winnings after he bet $200,000 on Steve Kerr’s team at 4/1.

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