Decentralization – The Next Big Step for the Gambling Industry
Online gambling is still a legal gray area in several parts of the world. However, it is an industry that has a large demand and an ever increasing audience. With the entry of bitcoin in the online world, we have seen many new and innovative online casinos take form. These new Casinos, powered by this new digital currency, came to allow people a relatively safe and anonymous environment to gamble. The features implemented by this new wave of Bitcoin-based casinos definitely made standard online casinos less appealing and in turn, they came to draw the attention of a lot of gamblers and....
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From the simple Bitcoin gambling site to the magnificent and complex world of Dragon’s Tale, the online gambling industry is re-inventing itself with the help of the digital currency technology. The Online Gambling Industry has always been in constant development. But now with the advent of digital currency, a new revolution is bound to shake the boundaries of every online business. The Bitcoin gambling Industry is growing faster than ever before. From what before was considered to be a tool for illegal activities, Bitcoin is today on the verge of completely disrupting the online space,....
Although gambling is a big industry, online gambling is still not as significant as it could be. Its proportion of the gambling industry currently hovers around 10%. However, over the last few years, online gambling have emerged as a popular choice among people. According to H2 Gambling Capital, the online gambling market in terms of gross winnings, has a global market value of €21.73bn ($28.54bn) in 2012. Interestingly, since the emergence of Bitcoin, the total value of online gambling is expected to increase multifold. It’s also true that gambling with Bitcoin only accounts for a tiny....
Bitcoin is the currency of the internet; it is perfectly aligned to support online based businesses and facilitates international transactions. Bitcoin has in fact, the power to disrupt the online gambling space. Since the beginning of the Internet, the gambling industry has always been an adopter of all new online technologies that have been coming around. However, for some time now, the online gambling industry has been dealing with heavy regulatory impositions all over the world and many companies tried to find out new ways of going pass those restrictions. It was in 2009, that Bitcoin....
Though gambling is big business, online gambling is still not as significant as it could be. Its proportion hovers around 10% currently. However, over the last a couple of years, online gambling have emerged as a popular choice among people – this has been approved as well by research company H2 Gambling Capital. According to the organization, the online gambling market in terms of gross winnings, put the global market value at €21.73bn ($28.54bn) in 2012. Interestingly, since the emergence of Bitcoin, the total value of online gambling is expected to increase multifold. It’s also true....
Digital currency is a new technology that is disrupting the online Industry. Since the Internet inception, we have been watching a rise in specific industries, namely, the online gambling and Gaming Industry. The free and open Internet has led the online gambling industry to grow beyond its comfortable reach and has enabled it to re-invent itself. Despite several strict and heavy regulatory policies imposed to online gambling, the industry has managed to comply with an enormous barrier of extremely tight laws. Bitcoin came to allow the gambling industry to thrive even under heavy....