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E
ven before the existence of Bitcoin, the Internet remains to be the one of
the most celebrated achievements of humanity. This radical development
of mankind has functioned as a channel for society to communicate,
transact, and conduct actions in various methods that are beyond
everyone’s expectations. Ultimately through the Internet, society was
introduced to a new perspective for when it comes to communications.
Notwithstanding the rally of the Internet, things started to get stagnant up until
2009—the date when Bitcoin was unveiled to the public via the Internet.
Considering that people are ardent users of the cyberspace, the news about the
introduction of the cryptocurrency eventually circulated on a rapid scale.
Unfortunately, though, in spite of showcasing a good sign for publicity, society at
that time were still skeptical about this new currency.
One thing that contributed to this overall perspective toward Bitcoin was the overall
nature of the Internet.
Given that the Internet has become a lounge for cyber criminals to dwell in during
the time of the cryptocurrency’s introduction, users cannot help but be wary about
affiliating themselves with the latest product of technology.
Not to mention, Bitcoin’s creator, Satoshi Nakamoto, remained to be an anonymous
individual even after the unveiling of his newly developed currency. This made the
majority of Internet spectators to give Bitcoin the benefit of the doubt that it was
just another scam.
Luckily, people did not close their doors and still gave Bitcoin’s promise of
conventional market revolution a chance to be fulfilled.
Thus, together with Bitcoin’s reveal, society was given the idea that this digital
money holds the exact same purchasing and transaction power that conventional
money has—only that it has an abundance of exceptional benefits that are yet to be
introduced to society.
C
BITCOIN—SECURITY AND EXCELLENT REMITTANCES
GUARANTEED
ompared to traditional payments, Bitcoin enabled users to conduct
transactions with complete control over their currency. This means
that Bitcoin-powered transactions are no longer required to be third-party mediator such as banks and the
processed by a government, which in practice takes too much wasted effort and time.
That being said, users of Bitcoin are able to enjoy swift and precise
remittances without any conflicts and hassles.
Subsequent to the absence of third-party mediators, Transactions done with Bitcoin
are processed between the sender and the recipient only.
In essence, the people involved in a transfer no longer need to wait for their money
to receive clearances from banks or money senders just to send their money to the
receiver, which is extremely unlikely in the conventional transaction landscape. This
made Bitcoin transactions easier and faster compared to its customary counterpart.
On another note, for years, people have been tormented by the idea that their
identities are no longer secured the moment they used their credit cards or any
online financial services to purchase something on the Internet.
This worry is common, though, since the majority of deceitful acts and scams now
happen within the cyberspace. Good thing through Bitcoin, users no longer need to
provide sensitive information just to complete a transaction. Their identities remain
anonymous for as long as Bitcoin is the mode of payment being used.
Moving on to another noteworthy feature of Bitcoin is the fact that it operates in a
trailblazing network called the blockchain. This network functions as a receipt for
every successful Bitcoin transaction.
What’s great about the blockchain is that every transaction data is collated,
published on the network, and is viewable by everyone. This means, Bitcoin users
are now able to authenticate and reevaluate the transactions that have taken place
via on real-time.
Given these avant-garde features, Bitcoin instantly extended the support of people
who are considering a major overhaul on today’s transaction flow. What makes this
approach astounding is that Bitcoin is not limited to the mainstream market since it
was also positively welcomed in the online gambling industry. Thus, the Bitcoin
gambling industry came to light.
G
HOW BITCOIN CHANGED ONLINE GAMBLING FOR THE
BETTER
iven that the gambling world evolves through time, the payment
methods that are available in this niche have progressed as well.
Unfortunately, though, Orthodox payment practices such as using real-
money currencies have displayed pronounced flaws through the course
of time, especially in the online gambling industry. Therefore, the
introduction of Bitcoin as another alternative payment system has
innovated the way online gambling platforms perform their
transactions for the better.
Through the advantages of the cryptocurrency technology, online bettors are given
the opportunity to enjoy gambling while having online anonymity, a safer network,
provable fair systems, and faster processing of deposits and payouts.
Of course, this eventually fired up the rally of the growth of various platforms of
Bitcoin casino. This grandiose department in the online gambling niche has easily
grasped the attention of both seasoned and greenhorn bettors.
Other than the advantages of Bitcoin as a payment system, Bitcoin-powered games
were established in order to precisely cater to the Bitcoin gambling market.
These popular Bitcoin casino games continue to provide players with a one-of-a-
kind opportunity to multiply their bankroll through the entertainments brought by
online gambling.
WHICH IS WHICH? VARIOUS KINDS OF BITCOIN CASINO
GAMES
Bitcoin slots
Perhaps Bitcoin slot games are the most renowned gambling games on both the
real-money and Bitcoin casino markets. Bitcoin slots are usually available on every
land-based and online casino, making it the poster game of the entire gambling
industry.
In this game, bettors place their wagers and press the machine’s command buttons
to make the slot reels spin. Slot machine prizes are rewarded if players hit a
specific combination of the symbols on the reels. What makes slot games interesting is that they greatly rely on random number
generators. Thus, players are given no opening to predict the outcome of the spin
which means players can never predict the outcome of a spin.
Ultimately, Bitcoin slots are designed to display different kinds of themes in order to
maintain its interesting aura among its patrons. That being said, players are given
almost a wide range of uniquely designed Bitcoin slot games that are interesting in
their own ways.
Bitcoin roulette
Another world-renowned gambling game, roulette is a game that is guaranteed to
deliver bettors with a thousand thrills. Similar to slots, it is one of the most
recognizable games found on any gambling hubs, be it on land-based or online
casinos.
Due to its immense popularity, roulette has eventually influenced the Bitcoin casino
market to establish its own version of roulette. Thus, Bitcoin roulette has come to
light.
In Bitcoin roulette, bettors are given the option to place bets on colors, various
numbers, or on a specific digit or whether the number is odd or even—anything
goes.
Although there is a lot happening in this game, determining the victor only takes a
simple gesture. A ball is placed on a spinning wheel which contains all the numbers
and the colors that appear on the roulette table. When the spinning comes to a
halt, the ball will of course, land on a specific number that has also its specific color.
If the player’s bet matches the results, rewards are guaranteed to be distributed.
Since Bitcoin roulette utilizes the advance technology of the cryptocurrency, bettors
can expect swift, secure, and legitimate winning payouts in this game.
Bitcoin card games
In reality, there are dozens of Bitcoin-based card games in existence today.
However, this specific gaming category is typically affiliated or referred to world-
famous card games such as blackjack, baccarat, and poker—all of which are tagged
with the fame status even before the introduction of the cryptocurrency.
Poker is arguably one of the most venerated card games of today. This game is
structured to rely on wits instead of luck, making it one of the most breathtaking
games in the gambling market.
Among other gambling games, poker is the only card game that gives winning
opportunities even to players who have a losing hand—bad card combination.
Because of its innovative structure, Bitcoin-powered casinos have definitely
integrated this game into its catalog of Bitcoin gambling games.
Meanwhile, Bitcoin baccarat involves players who have two or three cards on their
hands. This game’s mechanics is essentially a comparing card game between the
players and the dealer. The main idea of this game is that those who’s overall card
value has the closest digit to the number nine will be determined as the winner.
Finally, Bitcoin blackjack is a straightforward card game that is similar to that of
baccarat—only that players must make sure that their card combination must
match or not go beyond the designated victory number 21. This Bitcoin card game
is also known and is widely available on both real-money and Bitcoin casinos.