Blockchain technology is gradually penetrating all business areas, including the wagering industry. Entrepreneurs appreciate the transparency and security of launching a crypto casino. The users also prefer Blockchain projects due to the high speed and safety of the operations.
This method is a continuous “chain of blocks”. The allocated cells store information about trading operations — the ones that are already completed and future processes with references to smart contracts.
Unlike in traditional databases, it is impossible to modify, hack, or delete a chain of blocks. It cannot be performed in other ways that were not intended by the developers.
To add a new element to the cell or view information about any previous block, a user needs to have a private key. It is based on secure cryptographic algorithms like the technology itself.
Electronic currency settlements are allowed in 111 countries, including:
The founder of Blockchain is the programmer Satoshi Nakamoto. The solution was created in 2008 as an additional registry for the use of Bitcoin (BTC). Today, all types of digital money are based on this technology, including Ethereum, Litecoin, Ripple and others.
The technology is actively used in the wagering sphere.
According to the online publication CryptoGamblingNews.com, at the beginning of 2021, there was such a situation:
Thus, Blockchain is widely used in the gaming industry.
The main reasons to launch a BTC platform in 2022:
Reliability and security
The casino site cannot be hacked, or deactivated, and the personal data of users is protected. All information is encrypted using SHA-256 class cryptographic tools.
Over the 14 years of the existence of Blockchain technology, it has not given a single failure, which confirms its high-level security
BTC algorithms work automatically. This excludes the intervention of states, tax authorities, and bank organisations in the work of operators
To organise a Bitcoin casino, entrepreneurs do not need to get a licence. This significantly reduces the cost and reduces the time to launch the project.
A businessman saves money on deductions to the tax service, fees for interbank account maintenance, and purchase of additional security software
Ease of payment transactions
An entrepreneur needs only to open 1 or more BTC wallets and make sure that gamers have them too. The operator may post brief instructions on how to create and manage Bitcoin accounts on the site
Engagement of gamblers
Users prefer to play in crypto casinos due to the high speed and anonymity of transfers, transparent work, and access to gambling services from anywhere in the world
Blockchain-based iGaming projects have a bright future. This segment of the online wagering market will continue to develop, bringing huge profits to businessmen
The most promising in terms of investment is "hybrid" solutions. They have a convenient and understandable interface, like in classic internet gambling, but also use Blockchain as a payment and security system.
The main components of a BTC casino:
Entrepreneurs can open a web casino with a settlement system in fiat money (dollars, euros, hryvnias, etc.) and transfers in cryptocurrency.
In this case, a businessman needs to:
Adding digital money settlements is a great way to expand the client base of an already existing iGaming project with stable internet traffic. A businessman does not need to start all over again. It is enough to integrate a BTC wallet and connect new games that support electronic currencies.
To attract a solvent audience to the site, operators can advertise the project on their own or collaborate with professional affiliates.
Companies or private webmasters “collect” online traffic on independent platforms (social networks, specialised web publications) and redirect it to the gambling site. The influx of a new audience is due to special affiliate links.
Well-known partner services for working with Blockchain projects:
An entrepreneur receives a fully functional gaming platform with a built-in payment gateway, installed slots from the best manufacturers, and an attractive CRM system.
To get a free demo version of a BTC platform, contact 2WinPower specialists.
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