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Why Monero Casinos Are Winning Over Gamblers?
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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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Win tickets to the BLAST Premier Fall Final: GG.BET is running a MEGA BLAST Competition for fans of ĐĄS2
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From 26 July, all GG.BET users can get involved in the new MEGA BLAST Competition with a âŹ10,000 prize fund. The winner will receive two tickets to the BLAST Premier Fall Final CS2 tournament, taking place from 27-29 September in Copenhagen. To enter, you need to place bets on Counter-Strike 2 matches.
BLAST Premier Fall is a major series of Counter-Strike 2 tournaments which draws in millions of viewers from all over the world every year. The series consists of three stages: Groups, Showdown, and Finals. The Groups stage sees 16 Tier-1 teams duke it out. Only 6 of these can go on to compete in the final, while the rest will battle it out in the Fall Showdown for two additional spots in the final. BLAST Premier Fall Finals will be the concluding stage of the Fall series, and fans can look forward to electrifying action, heart-stopping twists and turns, and an epic $425,000 prize fund.
From 26 July to 4 August, as the Groups stage rages on, GG.BET will be holding its MEGA BLAST Competition. The winner will get their hands on two tickets to attend every day of the BLAST Premier Fall Finals. As well as these tickets, the bookmaker is also giving away a whopping âŹ10,000 prize fund to the top 40 participants in the MEGA BLAST Competition.
How to take part in the MEGA BLAST Competition:
- Register an account with GG.BET or log in to an existing account.
- Go to the tournament page and press âParticipateâ.
- Place bets on Counter-Strike 2 matches. Every bet you place will earn you a certain number of points, based on the odds.
- Rack up points, keep an eye on the leaderboard, and wait for your winnings to roll in.
Bet on your favorites and get ready for some unforgettable fun! Head over to GG.BET right now so you donât miss your chance to enjoy a festival of Counter-Strike action in Copenhagen.
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MANCHESTER CITY TO MARK GLOBAL PARTNERSHIP WITH SUPER GROUP-OWNED BETWAY AT THE NEW YORK STOCK EXCHANGE
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Manchester City has today announced a new multi-year partnership with leading global online betting and gaming brand, Betway.
As part of the clubâs pre-season tour of the United States, and to mark this significant deal, leading figures from Manchester City and Super Group will be on-site for the iconic NYSE bell-ringing ceremony later today. Ferran Soriano, CEO of City Football Group, along with Neal Menashe, Super Group CEO, will ring The Opening Bell at 9:30am EDT.
The agreement will see Betway become the clubâs Official Global Betting Partner from the start of the 2024/25 season, as Manchester City joins the brandâs extensive sports sponsorship portfolio which includes teams from across the Premier League, La Liga, NBA and more.
Ferran Soriano, City Football Group CEO, said: âWe are pleased to announce Betway as our Official Global Betting Partner today. As a globally recognised brand, Betway has a strong pedigree and history of working with high-profile brands within the sports space and weâre excited to work together throughout the partnership.â
Super Group CEO, Neal Menashe, commented: âWe are absolutely delighted to become Manchester Cityâs Official Global Betting Partner. This agreement cements our place in the top tier of Premier League partners, ensuring that our Betway brand reaches fans in all corners of the globe.â
Throughout the duration of the partnership, Manchester City and Betway will collaborate on a number of activations and exclusive content opportunities, in addition to the brand featuring across digital and in-stadia assets.
Manchester City and Betway will also work together to provide all players, coaches, management and staff in-depth, industry leading training on all relevant codes of conduct relating to betting integrity and responsible gambling. This is in addition to the work Manchester City already does to support players and staff in this area.
The Opening Bell ceremony can be viewed live.
Compliance Updates
Acquiring a Curacao Online Gaming License in 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed
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The “Acquiring a Curacao Online Gaming License, 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed” report has been added to ResearchAndMarkets.com’s offering.
This report includes valuable insights into the financial and procedural aspects, including detailed information on costs and timelines associated with acquiring a Curacao license.
In 2023, Curacao introduced the “Landsverordening op de kansspelen” (Ordinance on Games of Chance) to modernize and regulate gambling legislation. Since March 2020, the Gambling Control Board (GCB) has been authorized to regulate offshore gambling games and oversee the issuance of Curacao licenses. As of 2023, there are 16 companies providing legal services for registration and licensing in the territory of Curacao. The license fee, as per GCB regulations, is 36,000 ANG or 19,800 USD, payable upon license issuance.
Research Timeline and Data Relevance
The research was conducted in two stages. The first stage, studying the regulator and Open Data Search, took place in December 2023. The second stage, writing the report and partially updating the data from the first stage, took place from the end of April to the end of May 2024.
Goals and Objectives
- Describe the information about the Curacao license and the issuing regulator.
- Describe the requirements and conditions for obtaining a Curacao license.
- Describe the costs and timelines for obtaining a Curacao license.
- Briefly study the market, find and suggest the following lists:
- Legal companies offering services for company registration and obtaining a Curacao license;
- Communication agents and integrators working with the Curacao license;
- Suppliers and vendors working with the Curacao license;
- Payment systems working with the Curacao license.
Key Topics Covered:
1. Goals and Objectives
2. Research Timeline and Data Relevance
- Document Markup
- Raw and Combined Data
- Terms & Glossary
3. General Information
- The Regulator
- Registration of Operators With Sublicense
- Application for an Online Gaming License
4. Requirements and Conditions for Obtaining a License
License Conditions
- General Prohibitions
- Safe and Secure Environment
- Equipment and Application Software
- Player Registration
- Payment Transactions
- Games
- Terms of Use
- Resolution of Complaints
- Administrative Responsibilities
- Publicly Available Information
- Reports
- Policies and Procedures
- Suspension and Revocation of License
- Additional Conditions
- Supervision
Recommendations or Minimum Requirements for the Business Plan
5. The Cost of the License
6. Decision Term and the Validity of the License
7. Application Method and Forms
8. Contact Information
9. Companies for Registration and Licensing
10. Integration Companies
11. Suppliers and Vendors
12. Payment Systems
13. META
14. Appendix: Terms & Glossary
For more information about this report visit researchandmarkets.com/r/izeo6g
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