Once Bitcoins gained its popularity, the other forms of crypto currencies were eventually introduced. Of them, Ethereum or Ether is one such successful digital currency. It was initially introduced in 2013 and it the practical world a year later in 2014. Just like other crypto currencies, it helps you in making any kind of private financial transactions, helps you save in your e-wallet and does not involves too many regulations. Though it was introduced and marketed as an alternative form of Bitcoin, many of the features they share are common. Due to its similarity with Bitcoin, it became an instant hit amongst the casino players. Today, you will find the Ethereum coins to be one of the smartest alternatives of Bitcoins.
What is it all about
Until crypto currencies were introduced, the online casinos used to accept only fiat currencies. Since, crypto currencies are digital in nature they can be easily transferred online. Both its instant transferrable nature along with its unrestricted movement feature makes Ethereum a perfect payment option in any kind of Ethereum gambling environment. Unlike fiat currencies, they are not governed by any kind of regulations. In the US, it is not considered as a legitimate form of money instead it is given the status of an asset or property. Ethereum casino is a type of crypto casino where the crypto currency used is Ether.
Types of gambling with Ether
When we talk of Ethereum gambling, there are basically two types that we come across. The first and the most popular form is, using Ether for deposit and withdrawal methods in different online casinos. It offers an alternative way of making payment. Gambling with Ether is very easy to follow and thus it has gained huge popularity. Worldwide, some of the best Ether casinos support this form of gambling. The second form in use while making the bets is, the smart contracts. Some of the casinos presently operate only on Ethereum blockchain. The biggest advantage there is you don’t need to send the Ether coins to your casino wallet instead you can directly send to the smart contract. Now, depending on whether you have lost or won a game these smart contracts randomly pay out. Some of the advantages of betting though smart contracts are:
How to play
When you engage yourself in Ethereum gambling, the best part is you don’t need to go through any registration process. Usually, as a user you are given a unique ID which gets automatically captured in the browser cookies and remains stored there for around two months. After this period, the ID becomes obsolete. So, here the catch is, you as a user have to remember the ID or else you will lose all your funds. Therefore, when your ID is generated you are provided with a personal deposit address where you should store your crypto coins. After a certain amount of deposit, you can start with your game.
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