BITCOIN CASINO IN 2020
The popularity of bitcoin as the digital currency has enabled a new economy to flourish in parallel to the existing traditional currency based economy. While bitcoin transactions continue to gain popularity, they have also enabled a new arena for gambling, gaming and lotteries through online bitcoin casinos.
Why do you need a bitcoin casino?
There are growing numbers of online casinos which offer gambling and money based games in bitcoin currency. Bitcoin casinos operate from all over the globe.
Why bitcoin casinos are gaining popularity?
Anonymity remains the biggest advantage for bitcoin casino users (for that matter, for any bitcoin transaction, and even the founder of bitcoin, the pseudonymous. The online digital nature of this business enables global access and easy availability of players in large numbers, round the clock.
Bitcoin is a cryptocurrency which isn’t managed by a bank or agency but in which transactions are recorded in the blockchain that is public and contains records of each and every transaction that takes place. The cryptocurrency is traded by individuals with cryptographic keys that act as wallets.Bitcoins are moved in blocks every 10 minutes on a decentralized ledger that connects blocks into a coherent chain dating back to the first genesis block. It was originally described as a peer-to-peer electronic cash but the technology has evolved to emphasize being a settlement layer rather than a payment network. This has left integrated second layer solutions, like Lightning Network, to prioritize that use case. It has remained the largest cryptocurrency by market cap.
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