Provably Fair Gambling with Cryptocurrencies

Dec 26, 2017 Admin Gambling

Provably fair gaming is a concept associated with cryptocurrency betting. Provably fair gaming is a complete departure from legacy online gaming that relies solely on trust and the gaming site’s reputation. Online gaming provability is made possible with the gradual adoption of Blockchain and smart contracts in gambling.

But first, before going head-long into the exciting proposition this new concept has on online gaming, let’s explain what this idea means:

What is provably fair gambling?

A betting activity is said to be provably fair when there is sufficient mechanism in place that allows both the player and operator to verify the fairness of a gaming process. The concept is uniquely tied to the emergence of Bitcoin gambling which runs on a cryptographic algorithm, hence with the use of hash functions; it became incredibly difficult for external interference – that is all things being equal.

Now, you have an idea of the concept means, and I can imagine you’d want to know ...

Pros and cons of bitcoin gambling

Dec 26, 2017 Admin Gambling

Chances are you love gambling – and we do too – else you wouldn’t be here. We did be safe to say that you’re currently researching online gaming and possibly using Bitcoin to fund your chance taking habit right? It’s entirely OK, and that’s why we are here to provide you will valuable information that will guide you making the best decision. From choosing a reliable bitcoin casinos and sportsbooks to learning about all the online gaming platforms – we’ve got you covered.

For this article, we’ll examine the benefits and cons of using bitcoin for your online gaming activities.

Advantages of using bitcoin for online gambling

Bitcoin is anonymous

The underlying technology backbone on which this cryptocurrency is built makes it inherently safe to mask your identity. In fact, any transaction conducted via block-chain tech – block-chain is the technology powering Bitcoin – can never be traced back to you. This offers a level of secrecy wh...

How to bypass restrictions of online casinos in regulated countries

Dec 26, 2017 Admin Gambling

Online casinos are banned in some countries – yes that’s the reality – and it’s because of several reasons. Some banned gambling online due to religion – Islamic nations prohibited it – some for other reasons. So, what do you do if you find yourself in a country where there’s a blocked access to an online casino?

And come to think of it you’re here – on this page – because you’re either in a location that restricts online casino or you’re planning to travel to such a place and now, you are researching on how to bypass these restrictions.

So, if that’s you, this post is for you:

What you should know about countries with legislation against online casinos.

Just as was mentioned earlier several Islamic countries ban gambling outright including both land casinos and its online versions, while countries such as the United States, Australia, China, etc. ban online gaming and allow land casinos.

The reasons given by some of...

Bitcoin casinos regulation and licences

Dec 26, 2017 Admin Gambling

At times there is some confusion relating to the legal aspects of bitcoin, and other cryptocurrencies. This is mostly due to the fact that many countries have yet to accept bitcoin as a real currency. Consequently the legal framework on regulating them is not yet in place. 

But bitcoin casinos have found a way around such restrictions. They have or, can have, an in-house payment processing mechanism. They offer bitcoin wallets, and the player’s withdrawals and deposits. 

In addition, there are now technologies that are resistant to any censorship. The companies that have received the license to start such online gambling casinos believe that they are answerable only to the jurisdiction of the country or region from where they received the license, defeating the purpose of a ban on gambling as is applicable in the US.

 Licenses, and regulations, however, inspire confidence that there is a safety net to depend upon, and that there is a mechanism in place for addressing grievances. ...

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