news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    Terra Luna News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Crypto Marg

    Terra Luna News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Crypto Marg

    Luna Big News – 30B Terra  Luna burned in 1 hour | 100X Profit Next 48 Hours | Luna Crypto Luna Coin

    Luna Big News – 30B Terra Luna burned in 1 hour | 100X Profit Next 48 Hours | Luna Crypto Luna Coin

    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    CRYPTO IS BLOODY RIGHT NOW! IS CRYPTO CRASHING? ARE WE IN THE MIDDLE OF A CRYPTO CRASH?!

    CRYPTO IS BLOODY RIGHT NOW! IS CRYPTO CRASHING? ARE WE IN THE MIDDLE OF A CRYPTO CRASH?!

    Why Terra Luna Dump hard ? | Reason..

    Why Terra Luna Dump hard ? | Reason..

    BITCOIN HOLDERS…WHAT PRESIDENT BIDEN SAID ABOUT INFLATION

    BITCOIN HOLDERS…WHAT PRESIDENT BIDEN SAID ABOUT INFLATION

    Michael Saylor Reacts To Bitcoin Crash And Inflation

    Michael Saylor Reacts To Bitcoin Crash And Inflation

    Is LUNA Fueling the Crypto Crash?

    Is LUNA Fueling the Crypto Crash?

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    🚨 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    Terra Luna News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Crypto Marg

    Terra Luna News Today | Rajeev Anand | Crypto News Today | Cryptocurrency News Today | Crypto Marg

    Luna Big News – 30B Terra  Luna burned in 1 hour | 100X Profit Next 48 Hours | Luna Crypto Luna Coin

    Luna Big News – 30B Terra Luna burned in 1 hour | 100X Profit Next 48 Hours | Luna Crypto Luna Coin

    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    Poilievre's position on cryptocurrency criticized | CPC leadership debate

    CRYPTO IS BLOODY RIGHT NOW! IS CRYPTO CRASHING? ARE WE IN THE MIDDLE OF A CRYPTO CRASH?!

    CRYPTO IS BLOODY RIGHT NOW! IS CRYPTO CRASHING? ARE WE IN THE MIDDLE OF A CRYPTO CRASH?!

    Why Terra Luna Dump hard ? | Reason..

    Why Terra Luna Dump hard ? | Reason..

    BITCOIN HOLDERS…WHAT PRESIDENT BIDEN SAID ABOUT INFLATION

    BITCOIN HOLDERS…WHAT PRESIDENT BIDEN SAID ABOUT INFLATION

    Michael Saylor Reacts To Bitcoin Crash And Inflation

    Michael Saylor Reacts To Bitcoin Crash And Inflation

    Is LUNA Fueling the Crypto Crash?

    Is LUNA Fueling the Crypto Crash?

No Result
View All Result
news4global
No Result
View All Result
Home Market

Blockchain 4 Gaming conference in Warsaw (June 7) – European Gaming Industry News

April 11, 2022
Reading Time: 5 mins read
0
Blockchain 4 Gaming conference in Warsaw (June 7) – European Gaming Industry News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

In wake of crash, cryptocurrency regulation focus heightens

In wake of crash, cryptocurrency regulation focus heightens

May 20, 2022
War on digital payment fails to hit target – Breakingviews

War on digital payment fails to hit target – Breakingviews

May 20, 2022
Reading Time: 3 minutes

 

The cryptocurrency market has experienced tremendous growth in recent years. As blockchain technology advances, there are more and more options for its application — and iGaming is at the top of the list. 

Compared to fiat currencies, cryptocurrency turnover is still low. However, if we analyze the Google trends data for the query “bitcoin casino,” a steady growing interest in the topic can be seen. There are a few factors that contribute to the popularization of the iGaming trend.

The iGaming industry is always on the cutting edge of innovation. But what impact have cryptocurrencies and blockchain technologies had on the evolution of the industry, are these changes positive, and how will the industry develop in the near future? 

Representatives from Slotegrator, which has been developing software for the gambling business for more than 10 years, have addressed some of these issues. 

How do blockchain casinos work?
Blockchain technology provides a high level of encryption. Every transaction is added to the ledger, which is an immutable block of data, and verified by a decentralized blockchain network. Transactions take place directly between crypto-wallets, prohibiting the involvement of a third party, so it minimizes the possibility of fraud and eliminates the need to pay a commission for the transfer.

While national currencies are backed by a state, cryptocurrencies are supported by a decentralized ledger that records every transaction. The ledger is distributed over a large database with a million copies. This has a few consequences: firstly, anyone who has access to the network can verify the transaction; secondly, the history of a bitcoin cannot be faked. Any attempt to falsify a single block will affect every block in the network. The transparency and security of decentralized public records are a huge selling point for many players.
In crypto casinos, blockchain technology is used at the development stage, allowing automated payments using smart contracts. But opening a purely blockchain casino could restrict operators to those games that are also developed on the basis of blockchain technologies. On the other hand, more and more gambling sites are accepting payments in cryptocurrencies alongside existing fiat currencies. This gives them the opportunity to reach a wider audience.

Slotegrator’s Bitcoin Casino is an innovative type of gambling platform with integrated cryptocurrencies that guarantee high transaction speed and secure payments.

Why do players and operators like crypto casinos?
There are plenty of reasons why operators are opening crypto casinos — and why players are flocking to them. 

Operators see the value in crypto casinos because cryptocurrencies are secure, transparent, and popular with their target audience. Players are drawn to crypto casinos by the security and transparency as well, but they also value the speed, anonymity, and decentralization. 

Furthermore, crypto casinos often feature smart contracts, which automate payments, and provable fairness, which automatically verifies the results of a game. For many players, this definitely creates a heightened sense of trust.

Withdrawal speed is also important for players. Most payment methods involve a third party, like a bank or a payment service provider. This means that when players request a withdrawal, it can take hours or even days. Cryptocurrency withdrawals, however, occur wallet-to-wallet, and sometimes take just minutes to register. 

Are there any disadvantages to crypto casinos?
Crypto casinos are still a relatively new phenomenon, so as of yet, there is very little legislation — in any market — that explicitly applies to them. 

Gambling regulations usually focus on the following areas:

• Operator transparency
• Anti-money laundering (AML)  
• Combating the financing of terrorism (CFT)
• Fraud deterrence
• Responsible gambling

However, due to the increased anonymity that cryptocurrencies promise (the address of the wallet is stored in the blockchain, but not the name or email address of the holder) governments could potentially see cryptocurrency gambling as an avenue for illicit funding and move to introduce more legislation in the future. For now, however, that doesn’t seem likely to happen anytime soon. 

Another potential downside is the volatility of the currency. The spikes and dives in the price of Bitcoin, Ethereum, and others have kept investors’ hearts in their throats in recent years. Fluctuations in price could add an element of unpredictability to operators’ balance sheets. 

Overall, however, the advantages of a bitcoin casinos far outweigh any potential disadvantages. 

What are the projections for the future?
Considering the prevalence of cryptocurrencies, we can expect the number of new blockchain casinos to keep rising. Gambling platforms, as a rule, follow the preferences of their users in all respects: the diversity of gambling content and its providers, the quality of service, compatibility with mobile devices, the bonus system, and so on. Due to the regulation of gambling activities in different countries, payment methods are a key factor in attracting and retention of players. 

The future of iGaming clearly includes the trend towards the adoption of bitcoin as a means of payment and deposit. So, the demand for blockchain casino development will be relevant in the long term.

Related

Share76Tweet47

Related Posts

In wake of crash, cryptocurrency regulation focus heightens

In wake of crash, cryptocurrency regulation focus heightens

by admin
May 20, 2022
0

Experts are expecting regulatory scrutiny to increase around the cryptocurrency market following the recent crash of a multibillion-dollar stablecoin,...

War on digital payment fails to hit target – Breakingviews

War on digital payment fails to hit target – Breakingviews

by admin
May 20, 2022
0

Review: War on digital payment fails to hit target – Breakingviews ⚠ Breakingviews.com requires the use of cookies. Please enable...

The Goldilocks crisis may have arrived for crypto

The Goldilocks crisis may have arrived for crypto

by admin
May 19, 2022
0

Sixteen years ago I often joked that what the financial system needed was a “Goldilocks crisis” — a shock that...

The flip side of the coin: Why crypto is catnip for criminals

The flip side of the coin: Why crypto is catnip for criminals

by admin
May 19, 2022
0

Cybercriminals continue to mine for opportunities in the crypto space – here’s what you should know about coin-mining hacks and...

At the first UFO hearing in 50 years, the Pentagon says unexplained reports are way up

At the first UFO hearing in 50 years, the Pentagon says unexplained reports are way up

by admin
May 17, 2022
0

An unusual hearing in Congress posed unusual questions to government officials Tuesday, marking the first congressional hearing on UFOs —...

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

March 4, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

May 20, 2022
Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

May 20, 2022
Who does Ponzi scheme better? [Video]

Who does Ponzi scheme better? [Video]

May 20, 2022
In wake of crash, cryptocurrency regulation focus heightens

In wake of crash, cryptocurrency regulation focus heightens

May 20, 2022

Latest News

USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S. – AS USA

May 20, 2022
Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day

May 20, 2022

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global