Blockchain casinos are becoming popular. Is this new to you? Let us furnish you a little about these kinds of casinos. a blockchain is said to be a digital ledger that records online transactions that use cryptocurrencies; these transactions are done sequentially and are made available in the public domain. This is now being applied online and this has given rise to blockchain casinos where blockchain technology is put to practice. With this being used to online gambling sites, things are becoming more transparent and credible.
Problems that blockchain technology will solve for online casinos
Blockchain technology is built on neutral entities that are referred to as blocks. Each block is connected to the blockchain network. The blockchain works in a way that when a single transaction happens in the chain, it will need to have the correct result on the block. This will give rise to a higher level of accuracy and transparency.
When it comes to the online gambling sites, one of the biggest problems is that they are not on the same level. This means that there is a lot of information that is hidden from scrutiny by the public and this includes information like winnings, payouts and the gaming results. With blockchain casinos, you will learn that this is a new kind of online casino gaming where all information has been decentralized and there is no need to have an intermediary to verify any information.
Very few punters understand that their chances of winning at an online casino are minimal. There is the house edge and this gives you the fixed average percentage of money a casino takes from its players. This means that in the long run, you will not be the winner as long as there is a house edge percentage. The house edge is in all commercial gambling entities and this is a clear indicator that the more you play, the more you lose.
There is the zero edge casino which is a casino based on cryptocurrency. This platform makes use of its own cryptocurrency referred to as the ZeroCoin