Blockchain technology has managed to disrupt a lot of the traditional markets and shift them into progress but one of the true blessings coming out of this invention is the Ethereum network. Ethereum is the first blockchain network that allows easy communication between smart-contracts and decentralized applications that read them. Casino operators have kept a close eye out for the potential of this network but how far along is the integration of this technology in popular online casinos? Let's take a look at some of the key potentials of smart-contracts in the iGaming industry and how close is it to mass adoption.
Smart-Contracts Decentralize iGaming Sector
Smart-contracts aim to create a traditional agreement market that doesn't rely on middle parties. While it does require an immense amount of development to create a blockchain platform fully operational on smart-contracts, there is a huge potential hidden in it! Think about it for a minute. Wouldn't you enjoy playing on a blockchain gaming platform that guarantees everything via Ethereum smart-contracts? We sure would. This type of approach would eliminate all of the common stress factors from your regular iGaming experience.
Ethereum Network Fast Payouts Haven For iGamers
One of the most common headaches in the traditional online gaming industry is slow payouts. It is only natural that so many online gamers are seeking for much faster ways to cash in on their winnings. Ethereum network is considered to be online gamers savior thanks to the extremely fast transactions. You could receive your ETH winnings in a matter of 15 seconds, with no regards to the timezone you are in! The anonymity that comes alongside with using blockchain currencies has been one of the driving factors for the popularity of crypto.
ETH Appreciation Down The Line For Long Term Gains
What smart-contracts all have in common despite who the developer? They all need ETH to pay for the network gas or fees. This means that with more and more developers jumping in and creating decentralized applications, it will help along with this currency appreciation in the future solely on the bigger adoption in use. A good way to build an investment portfolio is to ship 10% of your winnings into any crypto with each cashout and forget about it. At the end of the day, there are no guarantees in the blockchain world and you should not take this article as an investment advice, Always do an extensive research before investing into any of the digital currencies and just like in gambling, you should never put in play more than you are willing to lose! We fall in love with our speculations but at the end of the day, there are no guarantees in the investing or gaming scene! Stay responsible and may the odds run out in your favor!