The rise of blockchain technology has brought a wave of inspiration to many business branches. One such branch that has been largely discussed within the scope of blockchain and cryptocurrencies is online gambling. Online gambling paired with sports betting is a huge growing industry, however it has some major flaws, specially when it comes to the lack of trust in operators that provide users the platforms to engage in such recreational activities.
CasinosBlockchain.io is a website dedicated to exploring the growing relationship between blockchain and online gambling. Through articles, interviews and reviews they deliver quality content about this subject. In one such article they extensively explain how blockchain, the driving technology behind cryptocurrencies, can help disrupt and improve upon issues related with online casinos and sports betting, such as:
- better transparency and fairness (provably fair games);
- help regulators work with these platforms;
- decrease entry barrier and increase anonymity for players;
- increase deposit and payout speeds;
- the potential financial growth of cryptocurrencies and proprietary tokens associated with blockchain casinos.
The platforms analyzed by CasinosBlockchain.io are mainly categorized into Bitcoin (plus other cryptocurrencies) and blockchain casinos. Although Bitcoin casinos resort to cryptocurrencies some are not blockchain based, hence the emphasis on this categorization.
Some of the best platforms reviewed by them include:
This casino accepts Bitcoin and a whole other bunch of cryptocurrencies. It is without a doubt one of the leading players in the crypto casino space, with a spectacularly designed interface, excellent games and up to 5 BTC Bonus.
1xBit has been around for since 2007 and has an incredible offering of all sort of casino games, as well as a good sportsbook for anyone looking to bet on their favorite teams. Read review & grab welcome bonus!
Recently Cloudbet has been growing their product quite well. It’s an even mixture of an online casino and sportsbook, with very nice promotions regarding sports events around the globe. They also have a very nice signup bonus. Full review here.
FunFair is undeniably spearheading the technology development to bring blockchain gambling to the masses. They have developed their own solution to scaling problems on the Ethereum blockchain, called Fate Channels.
CasinosBlockchain’s team recently interviewed FunFair’s CEO Jez San to get further insight about their current project state and future perspectives.
To sum things up, blockchain technology and online gambling look like a match made in heaven and things are just getting started, with promising benefits for both sides.
For more information visit CasinosBlockchain.io