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Ethereum Online Casinos
Ethereum is one of the newest cryptocurrencies that can be used for many online transactions, including playing at Ethereum online casinos.
Online Casinos Accepting Ethereum
With Bitcoin rising in popularity and the blockchain technology finding applications outside of the cryptocurrency world, many individuals and companies started developing their own decentralized payment systems. The main idea behind these systems has always been to improve some areas in which bitcoin is lacking. That's how Ethereum came to life.
Although it is similar to bitcoin in many of its aspects, Ethereum is a wider concept, as it is an entire platform allowing the application of the blockchain technology for different purposes, including developing a new cryptocurrency known as Ethereum or Ether (ETH).
Ethereum was first launched in 2015 and, similarly to bitcoin, it allows for decentralized and anonymous payments for goods and services online. The payment system works on the concept known as a "smart contract," which prevents almost all third-party influences and makes fraud virtually impossible.
Ethereum has been very present in the world of online gambling since its inception. Although this isn't the only application of Ether out there, Ethereum online casinos have found this cryptocurrency allows them to offer quick, safe, and a reliable way for their players to move the money around.
For players who want to keep their privacy or who prefer to keep their gambling money separate from the other funds, Ethereum online gambling provides a perfect solution. Like other cryptocurrencies, Ether is kept in a special ETH wallet, which makes it secure, reliable, and easy to manage.
One way to get your hands on some Ether (which is the actual name of the Ethereum platform currency) would be through the mining process. This process is too demanding and too technically complicated for most people to deal with, but if you really wanted to, you could probably "dig up" some Ether.
A more conventional way usually adopted by those looking to gamble using Ethereum is buying the cryptocurrency through major exchanges. Although ETH is relatively new to the scene and it isn't as much of a cryptocurrency as bitcoin, due to its huge popularity, people can buy it quite easily. One of the most popular sites selling Ethereum is Coinbase, where you can buy this cryptocurrency using a number of methods, including PayPal and credit cards.
Ethereum Online Casinos
The number of online casinos accepting Ethereum isn't vast, but you won't have any problems finding a few that do. Online gambling with Ethereum is easy as long as you find a casino that accepts this payment method and you have some money in your Ethereum wallet. All transactions are fast and reliable, so you won't have any issues using ETH to gamble online.
Ethereum has been on the rise since its inception, finding a special place in the online gambling industry. It is hard to guess what the future holds for this cryptocurrency, but all the indicators so far have been positive and, at this point in time, it seems that Ether is a very safe bet.