![]() ![]() On the other hand, Ethereum allows private ICOs to write their own codes (‘ autonomous agents’). Why Ethereum and Not Bitcoin?īitcoin’s network was the first to invest in smart contracts, but it is restricted by currency. The very first inception of this concept led to casinos such as Edgeless smart contract powered casino – an online casino that offers its players the chance to play casino games with a 0% house edge. The casino’s application does the rest of the hard work. Only the players public key is required by the betting website. There is no way to trace who made the bet, and as such, people in countries where gambling is illegal can make bets without their governments being able to track them down. All they need is ETH or to purchase the digital currency that the blockchain-based gambling application uses to allow players to place bets.Īfter this, the entire cryptographic coded transaction is completely encrypted over the Ethereum network. With anonymous gambling opportunities offered by the latest crop of Ethereum-based betting sites, players do not have to reveal who they are. Players do not need an account with a casino to place bets, never have to reveal their identity, and with all this comes growing security reassurances. The impact of Ethereum-based online betting sites have made on the real money gaming has taken the industry entirely by surprise. ![]()
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