With new Ethereum gambling operators popping up right, left, and center, we know as no other that it can be hard to navigate through the decentralized casino landscape. The Ethereum casino operators we have hand-picked for you offer a variety of games, including slots, dice, poker, and even sports betting in order to give you a full gaming experiencing, while reaping the benefits of using Ethereum or Bitcoin. Although not all of them are decentralized, but merely offer a variety of cryptos as deposit/withdrawal options, all of them have something unique to offer. This can be the level of professionalism, the quality of games, or innovation that is offered. Find your perfect match below:
In the purest sense of the word, a DApp is an application where the backend code runs on a decentralized peer-to-peer network. More often than not, the term DApp is used in relation to Ethereum’s Smart Contracts, since these contracts run on the global Ethereum network.
Guide to Ethereum Casinos
What differentiates Ethereum from other crypto currencies is that its economy is based on a platform that uses smart contracts. These smart contracts are a way of creating highly efficient economic and organizational systems that can be used for a wide range of purposes.
With the rise of crypto casinos and sportsbooks, the offerings in games and types bets will start to go in new directions. Although mostly traditional sports wagering is offered, in the near future block chain and smart contract technology will revolutionize the way betting exchanges work.
Ethereum & Crypto Casinos
All true crypto currencies are decentralized, not governed by any one party, making it extremely corruption-proof, furthermore, the limited supply making it immune to inflation.
Online gambling using crypto is one of the latest trends in iGaming. While some simple Bitcoin games, like dice, are around for some time now, major casino operators and new innovative startups are now starting to accept a range of crypto currencies, including Ethereum, as deposit and cash-out method.
While there are a bunch of operators that accept Ethereum (ETH) as a payment option, as of yet, fully decentralized online casinos build on the Ethereum platform are only a handful. What this means is that a ‘real’ Ethereum casino can only be called so when it is created on the Ethereum platform and ecosystem using smart contracts. As Ethereum is gaining traction, rivaling the market cap of Bitcoin, and more developers are starting to work on decentralized (gaming) applications, the consensus is that sooner, rather than later, the existence of fully fledged Ethereum casino applications is inevitable.
Confusing? Not to worry, all you need to know is that there are a number of online casinos that accept Ethereum, Bitcoin and a range of other crypto coins as a method of depositing and withdrawing and in the near future more and more actual decentralized Ethereum casinos will pop up. Also changing your Ethereum into other cryptos, like Bitcoin is surprisingly easy thanks to exchanges like, Poloniex, ShapeShift, BitStamp, and Kraken. Some of them also offer you the option to exchange your crypto into traditional currency such as Dollar and Euro.
Crypto currencies use peer-to-peer technology, comparable to BitTorrent, which requires no intermediaries to facilitate transactions.
The most obvious benefit of playing at an Ethereum Casino, or any other crypto casino, is player anonymity. Since transaction are impossible to link to you as a person, following money streams no longer works. The elimination of intermediaries takes out the middle man (banks and third-party payment providers), and also the costs, invasive oversight, and time-delays associated with this. This makes crypto casino winnings completely tax exempt.
Since Ethereum Casinos are still a total novelty, with a number of start-ups pioneering the landscape and some existing operators testing the waters, regulatory bodies that provide licensing and oversight are lagging somewhat behind.
What we Offer
To navigate you through the Wild West of crypto casino land, we try to provide you with all the information you need to enjoy playing your favorite Ethereum casino games in no time. We’ve curated an extensive list of crypto casinos that can be considered industry leaders. While the market is still relatively small compared to traditional online casinos that offer fiat currency transactions, the level of professionalism, quality, and innovation is rising at an increasing pace.
Phil Ivey Joins Virtue Poker ConsenSys-incubated cryptocurrency poker startup Virtue Poker announced this week that poker legend Phil Ivey will be joining as a brand representative and professional advisor. The ten-time World Series of Poker (WSOP) bracelet winner is the latest pro-gambler to lend his name to the emerging cryptocurrency…
Best Ethereum Casino 2018 While we’re finishing up the year, it doesn’t hurt to look back, and a bit ahead and take stock of the Ethereum Casino space, and in order to find the best ethereum casino 2018. 2017 marked the year of massive growth of the Ethereum project and…
Bitcoin vs Ethereum gambling: The Outlook on Crypto Casinos The gambling world is going through period of radical transformation driven in large part by the wider acceptance of Bitcoin as a payment mechanism. However, Ethereum gambling might the next step towards truly decentralized gaming, The gambling industry itself is no…