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Why Monero Casinos Are Winning Over Gamblers?
The launch of Bitcoin more than a decade ago led to the creation of a completely new system for the exchange of financial value. While there are many advantages to having a decentralized (censorship-proof and transparent) ledger, there are also some disadvantages, not least of which is the lack of privacy and anonymity. When you make a Bitcoin transaction, its duration plus the amount and addresses are forever recorded on the blockchain; this information is available for everyone to see. In reality, due to the lack of anonymity, companies can trace certain cryptocurrencies back to criminal activity based on the blacklisted coins they use. This absence has led to the birth of “privacy coins” that provide use-case-specific privacy, of which Monero is one of the most widely recognized. In todayâs article, we will focus on what Monero is and why Monero casinos are winning over. Letâs get started!
Alt : Gold round shaped coin
What You Should Know About Monero
Before coming to the advantages of the best monero casinos, let’s start with the story of it. Monero (XMR) stands as a digital currency that is privacy-focused and works peer-to-peer with the goal of being untraceable and unidentifiable. Monero coins are fungible, so any transaction on the Monero blockchain shows no connection to any user or real identity in the world. Fungible is a term that describes each unit of a currency as identical and interchangeable with all other units of that currency, so when someone buys Bitcoin on the darknet, it can be distinguished from Bitcoin bought on Coinbase based on blockchain analysis because the two different Monero coins look exactly the same without any distinction between them. Many financial regulators are losing interest in Monero as a currency due to their inability to track XMR payments or get information about its users.
Ring signatures belong to the field of public cryptography. They represent a digital signature that any member of a given group can sign with their private key. When an XMR transaction is made, your Monero wallet hides the identity of the actual signer within the group by creating a ring of other users’ keys taken from the blockchain. This effectively anonymizes the transaction for any observer. But how did Monero come into the cryptocurrency scene? Letâs look into that.
History of Monero
Monero’s roots can be traced back to 2012, when an anonymous person under the pseudonym Nicolas van Saberhagen published the CryptoNote white paper. He detailed revolutionary encryption methods as well as a new proposal for electronic money through “CryptoNote”. The launch of the first cryptocurrency using the CryptoNote protocol was Bytecoin in July 2012. Then in 2014, Bitmonero was created through a fork on Bytecoin’s codebase (now known as Monero). Monero does not have a single founder or CEO; there is a core group of developers working on it, most of whom choose to remain anonymous. One of the identified developers is Riccardo Spagni, who served as Monero’s lead developer until he resigned in December 2019. Spagni’s involvement with cryptocurrencies dates back to 2011, when he started mining Bitcoin; he later co-founded Tari, Monero’s sidechain designed for NFTs through the mining of federated non-fungible tokens. As an open-source project, Monero relies heavily on community donations for its development efforts. People from all over the world show their support for the project with numerous contributions and funding through Monero’s CCS system. Letâs check out the advantages of this brilliant coin now.
The Advantages
Monero shares some similarities with Bitcoin in that its developers remain anonymous and it has an open source code base; however, there are notable differences between the two. One important distinction concerns how upgrades are handled: While Bitcoin is known to be conservative with forks and even simple upgrades go through a lengthy discussion process before being implemented, Monero’s software is designed to be automatically updated every six months. In 2018, Monero made history as the first major cryptocurrency to adopt “bulletproof” technology. This innovation significantly improved the efficiency of XMR transactions and led to a minimum 80% reduction in the average transaction size, which means lower fees for users. Despite the existence of many privacy-focused coins, Monero stands out as one of the most recognizable with a large market capitalization. It prioritizes privacy by default, unlike other alternatives like Zcash that offer it as an optional feature. It is also highly preferred by casinos because it has such advantages. It offers a much better service for you compared to other coins.
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Expanse Studios (GMGI) Secures ISO/IEC 27001:2022 Certification
Expanse Studios, the iGaming division of Golden Matrix Group, Inc. (Nasdaq: GMGI), proudly announces its recent certification to the ISO/IEC 27001:2022 standard, which demonstrates globally leading data security standards.
This globally recognized certification reinforces the Groupâs dedication to safeguarding confidential information, client trust, and strengthening its competitive position in the iGaming industry.
The ISO/IEC 27001:2022 standard establishes a rigorous framework for managing and protecting information security across all operations. By attaining this certification, Expanse Studios has implemented a comprehensive Information Security Management System (ISMS) that ensures the confidentiality, integrity, and availability of data. This certification goes beyond compliance and assures our clients and partners of our stringent security protocols, protecting against cyber threats and unauthorized access.
âAchieving the ISO/IEC 27001:2022 certification marks a significant milestone in Expanse Studiosâ journey. This certification not only reinforces our security framework but also highlights our commitment to upholding the highest standards of trust and integrity for our clients and players worldwide.â, said Damjan Stamenkovic, CEO of Expanse Studios.
In an industry where information security is paramount, ISO/IEC 27001:2022 certification demonstrates Expanse Studiosâ proactive stance on cyber risk management and adherence to international best practices. The certification process included comprehensive evaluations, audits, and stringent checks, all contributing to a secure environment that benefits our clients, players, and business partners.
ISO certification assures the clients that Expanse Studios operates with top-tier security mechanisms, solidifying the role of the GMGI entity as one of the most trusted and compliant partners in the iGaming sector.
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Almedia Hires 17 New Staff Fuelling Exponential Growth
– Powering the next generation of rewarded user acquisition –Â
 Almedia, the data-driven platform engineering the future of mobile gaming user acquisition – today proudly announces a major hiring wave which includes over 17 people from leading global tech and gaming brands. The new hires are essential to Almediaâs ambitious strategy for achieving exponential growth across Europe and Northern America over the next 12 months.
The new team members will join an already established team, based in Berlin, with a current headcount of 80, supporting a global client base of mobile game developers and publishers. The expanded team joins established departments including product development, marketing, account management, fraud, and talent acquisition. The 17 new hires will drive Almediaâs core mission: elevating user acquisition to new heights and engineering the future of intelligent engagement.
Moritz HollĂ€nder, Chief Executive Officer and Founder at Almedia, commented: “Since 2020, weâve been at the forefront of rewarded user acquisition, and our services and results are being embraced by the global mobile gaming industry, by companies such as Playtika, SuperPlay, Plarium, and Monopoly Go. Team Almedia is witnessing real-time exponential demand for its rewarded UA services, hence we have a robust scaleup roadmap in place to help us manage demand.â
He added: âWhat weâve proudly achieved in four years is quite remarkable. With zero funding, a highly profitable organisation, we are humbled to be assembling a true dream team for the global mobile gaming industry. We are thrilled to welcome the latest waves of new hires to the team, which will help us to further establish our brand as the most credible, data-driven rewarded user acquisition company in the world.â
The new hires include
- Andrey Shilin, Lead Product Manager
- Holly Pickerell, Workplace and Culture Manager
- Sabina Halilovic, Fraud Analyst
- Alexander Rasch, Senior Finance Manager
- Alisson Paschoal Hausmann, Senior Mobile Developer
- Anthony Clement, SEO Manager
- April Chen, Senior Customer Success Manager;
- Benedikt Roth, Lead User Acquisition Google Ads Manager
- Caroline Sobkow, Talent Acquisition Partner
- Federica Stiscia, Senior Gaming Partnership Manager
- Marc Hammes, SEO Manager
- Mapa Vega, Senior Talent Acquisition Partner
- Pablo Herranz, Senior Talent Acquisition Partne
- Ravisankar Chinnam, Senior Frontend Developer
- Kutay Akalin, Data Scientist
- Aleksei Smagin, Junior Affiliate Specialist UA
- Neil Laverty, Senior Customer Success Manager
Almedia currently has a range of positions open across operations, talent, product, marketing and more. To learn more about careers at Almedia, visit the jobs section on the website.
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Huge Jackpot at King Billy Casino: C$3,658,306!
King Billy Casino, launched in 2017, has had some impressive players wins during the âreign of King Billyâ. A few of them include Live Game winnings of âŹ135,223, daily winnings from 2 or more slots of $164,000, and âŹ250,000 won on a single spin. However, the latest win by a King Billy Casino player dwarfs every big win that has come before this. Actually, itâs bigger than all previous big wins combined for the operator!
Because, we are talking about C$3,658,306.
This amazing six-digit number was the result of a player going on a safari in her (and millions of other players) beloved Mega Moolah progressive slot from Games Global. In an autumn, the player stepped into eternal summer by wagering a small C$6,25 bet and winning 562.816 times her bet! This is the power of Mega Moolah, as evidenced at King Billy.
King Billy people had only warm words for the occasion. A representative of the casino has stated: âWe are elated, for this huge big win. We can never forget that our first big win, many years back, was more than 200,000 Canadian dollars, so we have special ties with the region. And itâs now amazing to see our VIP-player making such a cashback and echoing that big win! Congratulations to our playerâ.
A few words about Mega Moolah. It was an Internet sensation when it was launched with its beautiful graphics and sounds, and immersive gameplay and it is a sensation today, still going strong after almost 20 years. The slot, which has spawned more than 20 variations, and has given millions in cash to players all over the world (including 5 millionaires in 2024 alone) features 4 types of jackpots that make it stand out from the competition.
About Games Global
Games Global is a supplier of the online gaming industry delivering force and direction to gaming with more than 1,300 top class games. The company has made a commitment to deliver the industryâs more disruptive ideas and compelling data-driven gaming experiences. Games Global features a total of 40+ partnered and in-house studios, services 600+ branded websites and boasts record-breaking jackpots with its worldwide network.Â
About King Billy Casino
Established on St Patrickâs Day in 2017, King Billy is a renowned new generation casino with more than 26 awards and accolades. The casino is available in English, German, French and Finnish, and created a unique user experience, building on the theme of King Billy and his Kingdom. King Billy ensures that all its players, âCitizensâ in the casino language, receive the care and attention they deserve.
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