Shariar Porosh Posted August 5, 2020 Report Share Posted August 5, 2020 The Most Popular Cryptocurrencies Used For Gambling Bitcoin is the most widely accepted cryptocurrency in various online-based casinos. Moreover, BTC serves as the first digital currency to be developed, and slowly its use spread widely. Most punters prefer using this currency since it remains to be the most straightforward digital currency. Thanks to its popularity, you can now get a wealth of information about this currency anywhere you look. To be a part of the new wave, many online-based and some land-based casinos are now embracing Bitcoin, thus allowing players to gamble anonymously. However, other cryptocurrencies have emerged and are giving Bitcoin the competition it needs. Cryptocurrency enthusiasts have been using crypto casino no deposit bonus rewards to build an impressive range of new gambling tokens. In this article, I will talk about some of these new cryptocurrencies. Litecoin Litecoin is a cryptocurrency that resembles Bitcoin when we focus on functionality. It’s also a faster and cheaper alternative. A former Google employee by the name Charlie Lee is the creator of this cryptocurrency. Litecoin has been developed to create new blocks every two and a half minutes, which beats the Bitcoin platform that takes ten minutes to achieve the same. Litecoin can process more significant transaction numbers faster at a rate of 1/1,000 of an LTC. Dogecoin The cryptocurrency was launched in 2013. Unlike other digital currencies, Dogecoin doesn’t have a cap on the number of coins that can exist. It means that although it’s value will remain to be small, it will always be stable, thus avoiding the volatility that comes with the rising and rapid falling of currencies such as Bitcoin. Dogecoin is secure and is best for carrying out smaller transactions. Gamers who love making small wager will be happy with Dogecoin currency. Bitcoin Fork Also known as Bitcoin Cash today, this is a currency that was introduced in 2017. It was designed in ways where it increases the sizes of the blocks, thus enabling faster transfers. It’s an offshoot of Bitcoin, which saves 32MB blocks as opposed to the 8MB chunks synonymous with the original Bitcoin platform. Everything else is similar to Bitcoin, where the Bitcoin Cash coins will be capped at 21 million. Ethereum By far, Ethereum remains to be the most significant Bitcoin competitor. The platform has a bigger coin supply as opposed to Bitcoin, and it comes with better technology. Besides, Ethereum can be used for more applications when compared to Bitcoin. It functions as a cryptocurrency as well as a ledger technology that is used in creating new software, apps, as well as programs. Today, Ethereum acts as one of the fastest-growing cryptocurrencies that punters are keen on. Tether Unlike other cryptocurrencies, Tether functions differently. It mimics FIAT currencies such as the Euro, US dollar, and even the Japanese Yen. The Tether currency has been developed on Bitcoin’s blockchain network. As the name suggests, it's tethered to something, mostly the US dollar, other cryptocurrencies, and even precious metals. Please note that this coin is costlier than the remaining cryptocurrencies and is more stable, and easier to get when compared to other cryptocurrencies. Getting The Right Currency You can get all the cryptocurrencies featured above in popular betting sites. One of the reputable platforms you should checkout includes BitCasino.io. Every currency comes with its pros and cons, and its popularity varies from one player to the next. We urge you to read widely on digital currencies and opt to play in casinos such as Bitcoin Casino. Doing so will help you gradually jump from FIAT currency betting to cryptocurrency, playing with ease. Link to comment Share on other sites More sharing options...
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