{"id":284333,"date":"2021-06-25T15:49:50","date_gmt":"2021-06-25T12:49:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-is-ethereum-so-popular-in-online-casinos\/"},"modified":"2021-06-25T15:49:50","modified_gmt":"2021-06-25T12:49:50","slug":"why-is-ethereum-so-popular-in-online-casinos","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-is-ethereum-so-popular-in-online-casinos\/","title":{"rendered":"#Why Is Ethereum so Popular in Online Casinos?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af977a2d6f28\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af977a2d6f28\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-is-ethereum-so-popular-in-online-casinos\/#What_is_Ethereum\" >What is Ethereum?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/why-is-ethereum-so-popular-in-online-casinos\/#Key_Benefits_of_Playing_on_ETH\" >Key Benefits of Playing on ETH<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/why-is-ethereum-so-popular-in-online-casinos\/#Will_Ethereum_Make_the_Future_of_Gambling\" >Will Ethereum Make the Future of Gambling?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/why-is-ethereum-so-popular-in-online-casinos\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Why Is Ethereum so Popular in Online Casinos?<\/strong>&#8221;<\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"464\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.spieltimes.com\/wp-content\/uploads\/2021\/06\/Ethereum-696x464.jpg\" srcset=\"https:\/\/www.spieltimes.com\/wp-content\/uploads\/2021\/06\/Ethereum-696x464.jpg 696w, https:\/\/www.spieltimes.com\/wp-content\/uploads\/2021\/06\/Ethereum-300x200.jpg 300w, https:\/\/www.spieltimes.com\/wp-content\/uploads\/2021\/06\/Ethereum-1024x683.jpg 1024w, https:\/\/www.spieltimes.com\/wp-content\/uploads\/2021\/06\/Ethereum-768x513.jpg 768w, https:\/\/www.spieltimes.com\/wp-content\/uploads\/2021\/06\/Ethereum-1068x713.jpg 1068w, https:\/\/www.spieltimes.com\/wp-content\/uploads\/2021\/06\/Ethereum-629x420.jpg 629w, https:\/\/www.spieltimes.com\/wp-content\/uploads\/2021\/06\/Ethereum.jpg 1536w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" alt=\"Ethereum\" title=\"Ethereum\"><\/div>\n<p> <!-- A generated by theme --> <\/p>\n<p> <!-- end A --> <\/p>\n<p>In ancient Greek mythology, the \u201cEther\u201d was considered a part of the heaven where gods lived. It is not clear if there is any connection here, but in 2021 the course of Ethereum rose to recently unseen heights. This <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> offered a new and amazing concept of \u201csmart\u201d contracts \u2014 a way to automatically fulfill the terms of the contract, virtually eliminating risks and injustice. The gambling entertainment industry paid attention to such a promising technology. Besides, the interest in online casinos was focused on the ability to play on Ethereum.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_Ethereum\"><\/span>What is Ethereum?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ethereum is not only a cryptocurrency but an entire software platform for decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications. On this platform, you can create so-called smart contracts for the exchange of money, content, and all kinds of assets. Smart contracts are pieces of software code that run on the blockchain. Such contracts are automatically executed and can send transactions within the network. They cannot be secretly altered or faked.<br \/>\n <!-- A generated by theme --> <\/p>\n<p> <!-- end A --> <\/p>\n<p>But most of the users are primarily interested in the currency itself. Ethereum is also known as the \u201cfuel\u201d of the whole network. It is free from centralized control (for example, from banks) and is available to everyone. Therefore, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/qyto.co.uk\/casino\/ethereum-casinos\/\">list of Ethereum casino games<\/a> continues to increase.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Benefits_of_Playing_on_ETH\"><\/span>Key Benefits of Playing on ETH<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Ethereum\u2019s benefits regarding gambling are revealed from two sides. Firstly, it is the use of ETH as a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> currency \u2014 this opens up many advantages:<\/p>\n<ol>\n<li>Cryptocurrency allows you to play anonymously, so your personal information will not be disclosed to anyone, including the casino;<\/li>\n<li>Ethereum transfers are faster comparing to traditional methods of sending money;<\/li>\n<li>As a rule, the payout rates of cryptocurrency casinos are higher than in conventional ones.<\/li>\n<li>Your money is free from the control of financial institutions and the state;<\/li>\n<li>Sending ETH is much cheaper than regular money due to the miner fees;<\/li>\n<li>The game at Provably Fair casino is fairer \u2014 the player can check everything on his own.<\/li>\n<\/ol>\n<p>Finally, this is a way to improve the very idea of \u200b\u200bplaying for cryptocurrency. As a platform for decentralized applications, Ethereum allows the creation of gaming sites using smart contracts and embedded payments in ETH.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Will_Ethereum_Make_the_Future_of_Gambling\"><\/span>Will Ethereum Make the Future of Gambling?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>After Bitcoin gambling gained sufficient popularity, casinos began to switch to other cryptocurrencies. Of course, solutions that would allow players to place bets using the Ethereum cryptocurrency began to appear pretty quickly. After all, this payment method in many ways looked more interesting than other existing altcoins. First of all, crypto casinos are interested in Ethereum contracts.<\/p>\n<p>Smart contracts work in such a way that if two parties have put their \u201csignatures\u201d, then you no longer have to worry that someone suddenly decides not to carry out the transaction. For example, if you place bets on sports on Ethereum, then the end of the session will necessarily be accompanied by automatic payment. There is no other way: the show will continue until the very end. The party that has agreed to participate in the bet will not be able to leave quietly at the wrong moment.<\/p>\n<p>The deposit to the casino account will be a \u201csmart\u201d contract between the user and the virtual establishment. This will significantly increase the level of trust since every gambler will have absolute confidence that the casino will not be able to hold the player\u2019s Ethereum against their will.<\/p>\n<p>There is also a solution in case someone wants to limit their gambling addiction. You can program a contract to limit the number of bets or set some breaks when the system will not allow the player to play on Ethereum and place bets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Now, you know why Ethereum casinos are so popular among gamblers. Fans of crypto-betting can place bets in Ethereum on popular sports and esports events, as well as in virtual casino games. There are many reasons to say that the future of gambling belongs to cryptocurrencies because they are convenient, fast, and \u201csmart\u201d. Some even consider such institutions to be a perfect investment tool: you receive winnings in ETH, which is very volatile and fast-growing. So, why don\u2019t you try it?<\/span>\n        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/game\/\" target=\"_blank\" rel=\"noopener\">Game <\/a><\/span>category.<\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/www.spieltimes.com\/brands\/why-is-ethereum-so-popular-in-online-casinos\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Why Is Ethereum so Popular in Online Casinos?&#8221; In ancient Greek mythology, the \u201cEther\u201d was considered a part of the heaven where gods lived. It is not clear if there is any connection here, but in 2021 the course of Ethereum rose to recently unseen heights. This technology offered a new and amazing concept of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":284334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.spieltimes.com\/wp-content\/uploads\/2021\/06\/Ethereum.jpg","fifu_image_alt":"","footnotes":""},"categories":[15],"tags":[75736,74891,76127],"class_list":["post-284333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-game","tag-crypto","tag-ethereum","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/284333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=284333"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/284333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/284334"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=284333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=284333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=284333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}