How Blockchain Technology Works in Online Casinos

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Those users who play or would like to play Bitcoin slots have probably wondered "what is Blockchain". This technology was the hottest buzz a few years ago. Now, however, it is more of a useful tool that is being used in many industries, particularly in various financial companies. One such niche has been iGaming.

The main advantages of this technology are:

• Various security and Provably Fair guarantees in games. Thanks to Blockchain, each player's actions are recorded, as well as the results of the rounds in a particular game. The data itself cannot be tampered with or used fraudulently
• The ability to be on banned gaming platforms anonymously. Bitcoin casinos guarantee their users that their data and other private information will not be shared
• Fast transactions. Transactions on the Blockchain network are quite fast. Of course, each cryptocurrency may have a different waiting process. However, in any case, you do not have to wait several days as in the case of fiat currencies.

How are crypto casinos using blockchain?

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Blockchain is essentially a decentralized mechanism. All crypto casinos that use this technology are gaming platforms, where all transactions are regulated by decentralized tools. Therefore, such sites have complete control over all activities, which include deposits, withdrawals, betting amounts, as well as the outcome of each round. The use of Blockchain makes it impossible to tamper with data, thus providing guarantees of security and integrity.
Every gambling project can use Blockchain for different purposes. For example, it is necessary to migrate all slots to the decentralized Provably Fair system or integrate the ability to bet in popular cryptocurrencies. Such actions significantly increase the level of trust in BTC casinos from the players.

If you look in more detail at several areas in which Blockchain is being used, it is obvious that it is useful. For example, when it comes to the recording of bets, it means that every bet made by a player in a game will be recorded in a single register. As you know, blockchain is this registry in which various data is stored. Therefore, in terms of betting, in a disputed situation, it will be possible to open the Blockchain and use the signature to open the outcome of the round and find out the result.

When it comes to the fairness of games, things are also a bit addictive. Firstly, special software will generate the outcome of the round before the start of the spin and then encrypt it. The key to that encryption will be available to you, it's unique and the outcome cannot be faked. You will make a spin and after it ends you can go to the special service and check the keys, if they match, everything is correct and you are playing a fair game.

The same happens with financial transactions. You send some cryptocurrency to a crypto wallet that belongs to you, but it was generated by the online casino system. You transfer the funds and all the users on the network see that there was such a transaction from a particular wallet. After you send the funds, you are given a hash that you can use to track the status of the funds transfer directly in the blockchain.

Blockchain technology greatly improves various interaction processes not only in banking and finance. It also works well in online casinos. Therefore, all you have to do is find the best BTC casinos and start playing.