The cryptocurrency introduced itself as the world’s first ever decentralised digital currency.
This definition instantaneously offered a sense of freedom and control, quickly establishing Bitcoin as one of the most talked about things in both the media and at the water cooler.
Naturally, over time, this initial fanfare quietly disappeared from the global spotlight, but rest assured, Bitcoin hasn’t gone anywhere and it wont be anytime soon.
This article has been put together in order to examine one area in which Bitcoin has proved to be massively successful, Bitcoin casino games. The purpose of this case study is to help you better understand what Bitcoin is and what its advantages are in use.
What is Bitcoin?
As previously mentioned, Bitcoin in is a cryptocurrency and it was invented in 2008 by an unknown individual or group of individuals who go by the name Satoshi Nakamoto. Bitcoin is a decentralised digital currency, meaning that it is not connected to a central bank or an administrator.
In essence, Bitcoins are digital coins that can be sent from user to user, on the peer-to-peer bitcoin network, without the need for intermediaries. Just like money, Bitcoin can be used to buy products and services, or they can be exchanged for other currencies.
What are the advantages of Bitcoin?
Bitcoin has a number of advantages over traditional currencies. As explained, Bitcoins are transferred directly from person to person via the internet. This means that they don’t go through a centralised bank or clearing house, which results in lower fees.
Bitcoin is available to use in every country, your account cannot be frozen and there are no prerequisites or arbitrary limits. Your Bitcoins are safely stored in your digital wallet on either your computer or mobile device and using them is as easy as sending an email. In addition, it is incredibly simple to set-up an account meaning that once you decide you want to start using Bitcoin, you can do it straight away!
So now that we have established what Bitcoin actually is, it’s time to see it in action. In order to this, let’s take a look at some Bitcoin casino games.
Where can you play Bitcoin Casino games?
Well, the answer is quite simple, on Bitcoin casinos. Bitcoin casinos are online arenas for gambling, gaming, and lotteries that deal either solely or primarily in the Bitcoin cryptocurrency.
What are Bitcoin Casino Games?
Bitcoin casino games are just like standard casino games but they allow you to take advantage of the fact that you can use Bitcoin to play them.
And don’t worry if you are an avid gamer, you will be pleasantly surprised by the large selection of games at the best crypto casino. So, let’s take a closer look at two Bitcoin slot games in order to get a better picture the cryptocurrency in action…
Tiki Terror was created by the software provider OneTouch and is a 5×4 swamp-themed video slot game. The game possesses a unique mystical style, brought to life by both the swamp the game is located in and the voodoo masks that make it their home.
There are a number of interesting in-game features including free spins for hitting six scatter symbols and the wild symbols that remain on the voodoo reels.
Caribbean Cannons was created by the software provider Swintt and is a 3×5 pirate-themed slot game.
The objective of the game is to fend off rival pirates, stealing their treasure with the cannon feature along the way. Remember to keep your eyes peeled for the Pirate Queen as she holds the ability to increase your chances of winning!
Bitcoin in action
The advantages of Bitcoin are clear to see and, as more and more industries allow the use of crypotocurrencies to buy their products and use their services, the full potential of Bitcoin is sure to reveal itself.
Bitcoin casinos have demonstrated that there is a huge demand for services of this nature, so don’t be surprised when Bitcoin is once again front and centre on a global scale.