It has been over a decade now since the online gambling industry began to tap into the mind-blowing features that crypto has to offer. One of the most notable concepts in that regard has been provably fair gambling that is made possible by the blockchain which is trusted for recording transactions both immutably and transparently.
Bitcoin, which is the mother of all digital currencies, has been an option for gamblers since 2014 but despite its popularity, it is receiving a decent amount of competition from other currencies such as Ethereum, Litecoin, Bitcoin Cash, and Bitcoin SV.
In several places, the Bitcoin SV (BSV) blockchain has been growing in popularity especially because of its growth and the tremendous development it has gone through. As it stands, the Bitcoin SV blockchain is considered to be the very best network when it comes to hosting provably fair games. Unlike other digital currency projects, Bitcoin SV has put aside most of its efforts to push electronic cash and instead opted to focus on allowing unlimited scalability. The ultimate goal has been to do all that while at the same time keeping the BSV blockchain secure, stable, and efficient.
That said, it is not too surprising that many online gambling operators are leaning towards Bitcoin SV. Already, people in some states in the United States and some countries around the world are able to buy the digital currency using either credit cards or bank transfers. This is made possible by BuyBSV.com, a site that is touted as one of the easiest and safest ways to buy Bitcoin SV.
There are, of course, a lot of things that make Bitcoin SV stand out from all the rest. However, its popularity and adoption are still undermined by the fact that it is undervalued. A decent number of digital currency exchanges do not support the currency and even the ones that do have made it quite hard to trade it.
Thankfully, the world of crypto is largely about freedom of choice. Gamblers and crypto enthusiasts can stick to BSV or try out some other options including Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and USD Tether (USDT). USD Tether, for instance, has been gaining quite a bit of attention on the online gambling space due to the fact that it is tied to the US Dollar. This means that it is not nearly as volatile as other digital currencies. Most casinos can consider this as an option for gamers who are looking for an entry point into the world of crypto gambling.
A fascinating new age of convergence between sports and digital currency is upon us as the UEFA, famous for its…
This month, Scorpion Casino broke new ground in the fiercely competitive world of cryptocurrency casinos with its unprecedented $10 million…
The crypto market saw a phenomenal rise last week, but already today, bears gained over and the charts turned red.…
Sky News has recently uncovered a vibrant underground world in the UK's crypto community, as enthusiasts find loopholes to navigate…
Many people are likely to be optimistic about the future of the cryptocurrency sector because of the verdicts of the…
Looking back on the major themes that impacted the world of crypto gambling in 2023, it is crucial for both…