History of Bitcoin Casinos
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Introduction Gambling has always been a popular form of entertainment and it has survived countless changes throughout its chaotic history, of course gambling and casinos, for that matter, have been around for the better part of at least two centuries. The presence of this type of entertainment already exists back in the early 18th century, when men still lacked the technology to make things compact, convenient, and instant. If one would look at it in perspective, the advancements of casinos these days have made a staggering improvement, land-based casinos will always be a staple in every part of the world where gambling is legalized, but adding the element of technology that exists today can alter everything. Mortar and brick casinos had their golden age back in the 30’s, although they still have their impact in parts of the globe, a new era is entering the midst of man, and it involves digitalized concepts of this popular form of entertainment. Land-based casinos adapted to advanced computer systems for security, slot machines that are now powered through computer software, and other progressions that can obviously be seen by the regular casino goer. Taking it to a new level, the casinos went online and made one of the most convenient forms of gambling entertainment to ever grace the industry – enter the online casinos. Everything about this creation screams modernity and that did not even stop it from evolving, everything is breaking through boundaries because the online casinos took everything to a whole new level with their use of the cryptocurrency known as the Bitcoin. Speed and comfort are one of the few elements that Bitcoin brought to the world of gambling, and it seems that there is no stopping the casinos from maximizing the power of Bitcoin to further improve on the industry of gambling. Everyone knows about the relationship of Bitcoin and casinos but the real mystery that should be unveiled is where did it start? Who created it? And how is it that these two merge beautifully?
The story of Bitcoin Online casinos already exist even before the creation of Bitcoin and even then online casinos have introduced different elements that are still considered to be innovative and groundbreaking. From its humble beginnings as a simple gambling software developed by Microgaming, to its transformation into a mobile application that can now be played on today’s smartphones, the casinos have made every possible way to ensure that progress will always be a possibility. Now, the casinos have set their sights on Bitcoin as a way to further revolutionize the industry. Before every Bitcoin Casino in the world operated today, 8 years ago a so called software programmer called Satoshi Nakamoto published a paper on a Cryptography Mailing list describing this cryptocurrency, and after 3 years of development work, he introduced the first Bitcoin software that launched the whole network along with the first batch of Bitcoins. The creation of Bitcoin ushered dozens of possibilities and ideas that could further improve transactions from all over the world, being decentralized, Bitcoin makes its users perform anonymous transactions that are safe, secure, and instantaneous. Although Bitcoin is a very well-known name in every industry, its creator Satoshi Nakamoto, chose another route with his identity because a few years after the creation of Bitcoin, he chose to sink under the radar stating that he did not want anything to do with the world of Bitcoin anymore and instead passed the torch to one of his fellow Bitcoin programmers named Gavin Andersen. It seems fitting that Bitcoin, a cryptocurrency that provides the power of anonymity, also has a creator who wanted a little piece of his own privacy uncorrupted.
Adapting with Bitcoin Online casinos have made tremendous amounts of improvements on their own, the introduction of online slots have made a huge impact in online casino gameplay, and a fact worth mentioning is the creation of the live casino feature. In this feature players can immerse themselves in casino games such as Roulette or Blackjack and play as if they are in a real mortar and brick casino. There are countless points that are worth mentioning when talking about the progress of the online gambling industry, and by themselves they have made a surmountable number of improvements but inserting Bitcoin into the equation made things even better. Making use of a respectable Bitcoin Casino such as LimoPlay Casino as an example, a player can truly see the innovative additions that we’re included into an online casino. LimoPlay Casino is a limousinethemed casino that is powered by Bitcoin, it is one of the newest online casinos that were launched with comfort, luxury, and style in mind. The casino offers over 600 hundred games, a wealthy amount considering that it is still new to the roster, and it is well-known as a Bitcoin Casino that has a Provably Fair feature included in most of its games. In addition, LimoPlay Casino includes Progressive jackpots in its selection which proves to be a popular game amongst every player. These traits are one of the few adaptations that an online casino has made by using Bitcoin as its currency of choice. The transaction process of a Bitcoin-fueled casino is instant at best, back when Bitcoin was still an unknown entity, some transactions took hours and even days before it can be received but now, Bitcoin makes everything instant because a player can receive his/her credits within seconds after the other party has made his/her transfers. Online casinos have come a long way, and with the combination of Bitcoin, it seems that things have just begun.
Transformation of Online Gambling Bitcoin’s interesting history makes it a popular topic among gamblers because its history is filled with unanswered questions that still boggle the minds of every player. Online gambling was never the same when Bitcoin arrived. Bitcoin Casinos, such as the early example LimoPlay Casino, may have characteristics similar to regular online casinos, but important factors such as transactions, Provable Fairness, and jackpot amounts raise the bar higher for online gambling. Provably Fair A Bitcoin fueled casino not only provides games that have amazing graphics and state of the art gameplay but also, todays casinos have a way of proving to players the fair result of every round, this is what is now known as Provably Fair. This feature is a regular occurrence in Bitcoin powered casinos because Bitcoin is such a well-regarded cryptocurrency that has a substantial amount, players treasure it and invest heartily for its acquisition. Promotions Promotions with Bitcoin are amazing because not only can a player receive his bonuses and offers in an instant, but also because the value of these bonuses are higher than the promotions found on regular casinos. Progressive Jackpots Most of the Bitcoin Casinos operating today, like LimoPlay Casino, have Progressive jackpots because of the high demand these jackpot games have to a player. These are considered to be popular because of the possibility of claiming the win of a lifetime, a growing jackpot is not something that a player ignores because that just might be his lucky day. Transactions Transactions made in these casinos are made in an instant, can be done anonymously, and are free of charge. This trait is what makes casinos with Bitcoin stand out from the rest of the pack.
Game-changer To sum everything up, Bitcoin can be considered a game-changing element in the universe of online gambling, by using it, online casinos have gained so much since their early inception. The combination of Bitcoin and gambling is perfect due to the fact that online gambling relies heavily on online transaction services that have to meet the standards of the players and with the features that Bitcoin has the evolution of online casinos are near perfection. The history of Bitcoin powered casinos are full of twists and turns because of the mystery that Satoshi Nakamoto left but if one will ignore that fact and look closer, it can clearly be seen that Bitcoin has made astounding contributions in the world of online gambling, and it is a sure thing that there are still a lot of possibilities and improvements underway.
References and Sources: LimoPlay Casino – About Bitcoin o
https://www.limoplay.com/about/bitcoin
LimoPlay Casino – About LimoPlay Casino o
https://www.limoplay.com/about
LimoPlay Casino – About Provably Fair o
https://www.limoplay.com/about/provably-fair