Bitcoin Online Casinos

Bitcoin is a kind of digital currency that is becoming more and more mainstream; its uniqueness comes from its consensus exchange, as opposed to being backed by a financial institution.

Online Casinos Accepting Bitcoin

You may have heard more about Bitcoin over the past few years; it is being heralded as future money. What’s fascinating about Bitcoin is that it’s not money.

What is it?

Its website says Bitcoin is "a consensus network that enables a new payment system and a completely digital money." This means there is no central controller; its user's power and virtual coins are traded, creating a new payment system of “cryptocurrency.”

Cryptocurrency uses cryptography to control its transactions as opposed to banks or financial institutions. In Bitcoin, there is no bank backing its virtual transactions; coins are valued because users value them.

Acquiring Bitcoins

To users, Bitcoin is simply a way to complete Bitcoin transactions; it is an eWallet. People acquire bitcoins by purchasing them at a Bitcoin exchange, exchanging coins, or competitive mining. 

No Ownership

The creators of the Bitcoin site compare Bitcoin technology to email - nobody owns the technology, but people do need to have compatible software to use it. Bitcoin can only work with a consensus among the users, so everyone has a vested interest in protecting the consensus.

Do People Use it?

Yes. In August 2013, the value of all bitcoins in circulation exceeded $1.5 billion. A number like that only comes about through the daily use of large numbers of bitcoins.

Bitcoin Gambling and Casino Forum

To learn more about Bitcoin casinos and bonuses in BTC and chat with other Bitcoin players, you are welcome to join our Bitcoin Gambling & Casinos Forum

BTC Online Casinos

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