Tag Archive: blockchain technology

Once upon a time, in order to place any bets in the UK, you had to go to the high street betting shop or into a casino. Fast forward a couple of decades, and now you can simply go online to a sportsbook or casino and enjoy yourself whilst sitting at home on your sofa. This is thanks to the introduction of mobile gambling. Now with the advent of the blockchain, and VR and VR, we are going to e taking another giant leap forward into new and exciting methods of gambling and playing casino games.

Since its inception in 2008, Bitcoin has seen a dramatic rise in both acceptance and value. Now there are more than 70 million Bitcoin wallets around the globe. And its value has increased from virtually nothing to over $60,000 per Bitcoin. The fact that it's decentralised and anonymous to a certain degree has helped its popularity. As you can well imagine, the minute that casinos saw the currency becoming more accepted, they jumped in feet first. Now all online casinos will accept Bitcoin.

Since gambling first appeared on the internet, there has been a huge surge in the number of online players. But because there are always hidden security issues with many scam websites, the casino industry needed to find a new means of making players feel secure, especially when inputting their personal and banking details. As soon a blockchain technology was introduced, casinos were quick to see how they could make use of this decentralized system to improve their own reputation and security.