The rise of crypto betting casinos
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22-Sep-22 – Crypto casinos used to be in the shadows, only used by early inductees to the crypto craze. This is no longer the case, as cryptocurrency casinos have now entered the mainstream, with many well-regarded online casinos accepting various cryptocurrencies – including, of course, Bitcoin.
Perhaps the best crypto casino out there is Cloudbet, which was one of the original names to accept crypto deposits. With loads of games, some huge prizes, and a welcome bonus worth up to 5 BTC, anyone looking for a new crypto gambling site should make Cloudbet their number one choice.
The Origins of Crypto Casinos
When cryptocurrency casinos first came about, they were very different to the casinos you see nowadays. Instead of having hundreds of games, there were often only three or four. All these games had barely any graphics and were incredibly simple, plus they were all provably fair.
These early crypto casinos were not regulated and therefore many were concerned that the games weren’t fair. This is where provably fair games came in. Every turn would generate random data, which players could take and input into a third-party verifier. This would then confirm that the turn had indeed been a fair one.
These original crypto casinos, which started around ten years ago, were loved by many, and there are several players who still use them today. However, crypto was about to go mainstream, which would lead to a huge change in the crypto casino scene.
Crypto Casinos Become Mainstream
Crypto casinos started doing so well that larger casinos could no longer ignore them. They realized that they too needed to start accepting crypto, and this began when many started to allow Bitcoin transactions. Bitcoin was chosen as it was – and still is – the most popular cryptocurrency, by a considerable distance.
