Saturday March 06, 2021
Bitcoin (BTC) $48,582.00   Ether (ETH) $1,533.82
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Gaming & Betting

What are the features of an Ethereum casino?

Published by CryptoNinjas.net
04/15/2020
What are the features of an Ethereum casino?

The beginning of the new decade has brought upon the emergence of first cryptocurrencies, among which the undisputed king has always been Bitcoin. Although an unpopular and controversial concept, in the beginning, cryptocurrencies are almost universally acclaimed today, considering their vast possibilities and potential in different regards. A relatively new member of the cryptocurrency world has been launched in 2015 and its name is Ethereum. Ether burst onto the scene with the new technology; Smart contracts, which enabled users to make detailed arrangements during the transactions. This provided a completely decentralized approach to the operations, independent of any third-party interference. While Bitcoin is still the king of crypto, Ethereum is also gaining a serious pace, considering its significant potential.

Are Ethereum casino games provably fair?

Ethereum is a prominent part of any popular Crypto Casino operating on the world wide web. Ethereum gambling, like big brother Bitcoin, offers players all the advantages presented by the blockchain technology. One of the most significant benefits that ether offers its users is the total transparency in the form of Provably Fair Gambling.

Provably Fair technology is based on SHA-2 hash algorithms. To simplify the concept – any gambler that plays PF Games is absolutely guaranteed the fair outcome of the game. More so, players can easily check the results of the games by themselves. Thanks to the blockchain technology, anyone can check the hash algorithms of the bet and predetermined final outcome, to verify the legitimacy of the game. No other technology can offer similar possibilities in the industry of gambling. Through Provably Fair games, players will have absolutely no doubts about the integrity of the casino they are using.

Do Ethereum Casinos use Blockchain technology constantly?

Blockchain Technology is absolutely synonymous with the Ethereum Casino. Without blockchain, there can’t be any cryptocurrencies. This is the technology that provides Crypto-casinos with the advantage over the standardized competition. With Blockchain, transactions are much safer, significantly faster, totally anonymous and guaranteed to be fair. If the casino is not a hybrid of both FIAT and Virtual Money, blockchain is absolutely vital to the process of ongoing operations.

Does playing casino games in Ethereum cut down the house edge?

One of the biggest advantages of Ethereum Casino is the 100% Transparency and Low, to Absolutely no House Edge. The best Ethereum Casinos have percentages as low as 1% to 0%. This is where standard casinos have absolutely no chance of providing a challenge. Only Crypto casinos can offer benefits such as these, thanks to the gifts from blockchain technology. A low house edge, coupled with provably fair technology is the ace in hand, that the Ethereum Casinos can offer gambling enthusiasts.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale
Security

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

03/05/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake
Strategic Integration

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
SecondState launches Ethereum compatible ParaTime on the Oasis blockchain
Networks & Protocols

SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

03/05/2021
NFT platform Curio closes seed funding of $1.2M to fuel expansion
Capital Raising

NFT platform Curio closes seed funding of $1.2M to fuel expansion

03/05/2021
IOTA token added as collateral asset on Bitfinex Borrow
Crypto Exchanges

IOTA token added as collateral asset on Bitfinex Borrow

03/05/2021
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

03/05/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

03/05/2021
NFT platform Curio closes seed funding of $1.2M to fuel expansion

NFT platform Curio closes seed funding of $1.2M to fuel expansion

03/05/2021
IOTA token added as collateral asset on Bitfinex Borrow

IOTA token added as collateral asset on Bitfinex Borrow

03/05/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version