The blockchain has been the greatest invention since sliced bread and one of its open-source decentralized development that has its own specially tailored blockchain to operate on is Ethereum which is a major shared global infrastructure to transfer value or ownership rights across the web. The efficiency of Ethereum has shifted it into the interest circle of many casino operators and therefore we have dedicated our following article to share some of the views on why Ethereum gambling is superior to FIAT gambling.
Ethereum block founding time is quicker than Bitcoin. Which results in fast money movement unlike with FIAT options.
One of the big benefits of Ethereum is the quick block founding times. While bitcoin currently averages at right around 10 minutes for the block to be generated then Ethereum does the same in half of the time. What does this mean for the Ethereum gamblers? It means that you will receive your Ethereum gambling winnings as quickly as 5 minutes instead of waiting for a couple of weeks on your bank withdrawal through the typical FIAT channels. There is no possible substitute for saving time since time is the only thing that we cannot get back! Unless some of you guys have a time-machine in which case we would love to get the DIBS on that story.
Ethereum gambling ensures Non-Reversible transactions!
Transparency that the blockchain technology offers due to proof-of-work algorithm and open-source platform makes it impossible to reverse any initiated transactions. This helps to avoid scenarios in which lets say that a hacker gets someone’s credit card information and uses that to deposit into an online casino, while following morning when the real owner of the card notices weird charges on his/hers card, calls in to the bank and initiates a charge back. Clearly this is not a very profitable outcome from the business perspective and thanks to the Ethereum gambling such things cannot happen.
Ethereum gambling provides anonymity!
There is many reasons why one would like to stay anonymous when gambling online. At the very least there are cases where work contracts restrict employees from gambling which means that trying to have some weekend fun can easily backfire and result in the loss of your income. Risk is high due to every FIAT casino collecting loads of personal data on their players upon signing up. Thanks to Ethereum being decentralized it allows users to stay anonymous whenever moving around their gambling funds and that is one of the main reasons why Ethereum gambling will always beat FIAT gambling. Some people might just prefer to stay anonymous and not to have anyone know how much have they won, it doesn’t always have to be something work related but a simple personal preference.
Conclusion to why Ethereum gambling beats FIAT gambling.
All of the above are the main reasons behind why you should gamble with Ethereum but one of the extra points that may spike your interest is the fact that with Ethereum being significantly new development it has room to appreciate in value quite a bit more. Heavily thanks to the every new application that is being developed on this blockchain. Meaning that your $10 in wins today may turn out to be $1,000 two years from now. There is no guaranteed in the Crypto world but the playing field is more than promising. All of that combined with the fast transaction speeds and anonymity is the driving factor towards why one should focus on Ethereum gambling above any other currency.