When it comes to online gaming, theres little that can top online casinos in terms of size and frequency. Theonline casino marketis set to grow to be worth $114 billion by 2024. This is at a year-over-year growth rate of 11%.
But why has it grown to such numbers? The answer lies in how well the industry has worked to provide unique experiences to its players. For instance, with the right equipment, people can experience virtual reality casinos, creating a new hybrid experience thats exclusive to online casinos. There are also live casinos platforms where players get a chance to play on-site games without needing to leave their homes. Thelive games on Gala Casinoinclude a variety of table games such as blackjack, baccarat, roulettes, and much more. Most of these games, like live blackjack, are a lot faster than their traditional counterparts though, so players need to be extra sharp when playing.
However, like in most industries nowadays, blockchain is about to turn the industry on its head. So, heres everything you need to know about the technology and its relationship with online casinos.
Much like the online casino market, blockchain is also a rapidly growing industry. Thanks to the pandemic, theblockchain marketis set to grow at a compound annual rate of 82.4% starting this year. As an industry thats always looking for ways to improve its offerings, online casinos are going to propel blockchain to new heights. After all, blockchains decentralized technology has much to offer the industry, including:
Whether its to cash in or out, online casinos facilitate a lot of money exchanges. Fortunately, payments made through the blockchain cant be tampered with thanks to the technologys distributed ledger nature.Blockchain is the underlying structure for currencies known as cryptocurrency, used to facilitate exchanges. Whenever a new crypto transaction is made, a block is created and checked by multiple computers before its added to the chain. Once it becomes a part of the ledger, its impossible to edit it.
The blockchain is also encrypted, so the data cant be read. Plenty of online casinos such as Red God and Ignition are already accepting crypto as payment.
Despite their unique potential to boost the economy, online casinos can and are still restricted by many countries and federal states, so not everybody opportunity to play. For example, while online poker providers are allowed to operate in France, online slots are prohibited.
But the only thing that local governments can regulate is the movement of money to and from established entities. This means that if you live here in France, you can easily access top online casinos with slots like Rizk and Jackpot Village, but you cannot use your money to play the games. However, if the online casino accepted crypto payments, like Ignition, you can bypass said regulation. This is mainly because crypto exchanges happen on the blockchain, which isnt governed by any set of rules.
Every online casino operates on an algorithm called the random number generator (RNG). The RNG decides what cards are dealt during a round of online baccarat, what combinations come out of an online slot game, or even the kind of players you end up playing against during an online poker game. Theres no real way to tamper with the RNG. Still, blockchain offers an extra layer of security by ensuring that the online casino, including its RNG, isnt controlled by anyone not even the provider.The solutions offered by Sp8deis a great example of this technology at work. Sp8de allows online casino operators to build their platform using their blockchain gaming ecosystem. Already, we have providers like TruePlay that how built their platform on the blockchain.
From increased security to global access to its platforms, blockchain is improving many things in the online casino industry. Given the growth of both markets, it looks like it will only be a matter of time before we see a long-term partnership between the two in the coming years.
Continued here:
Blockchain in Education: 7 Projects to Discover - the blockchain land
- 4 Pros and Cons of Gambling Online Versus at Land Based Casinos - BestUSCasinos.org - June 5th, 2020 [June 5th, 2020]
- GAMING1 rolls the dice with Banca Francesa European Gaming Industry News - European Gaming Industry News - June 5th, 2020 [June 5th, 2020]
- Easy Payment Gateway: Why the Gambling Sector Has Grown During the COVID-19 Crisis - European Gaming Industry News - June 5th, 2020 [June 5th, 2020]
- Blueprint Gaming's King Kong Cash returns with Jackpot King integration - European Gaming Industry News - June 5th, 2020 [June 5th, 2020]
- NSoft's virtuals on EveryMatrix platform - European Gaming Industry News - June 5th, 2020 [June 5th, 2020]
- Southland casino to resume table games June 8 - Arkansas Times - June 5th, 2020 [June 5th, 2020]
- Blackjack Focuses On Risk Reduction Flights And Simulations To Prepare For Full Demonstration - SpaceWatch.Global - June 5th, 2020 [June 5th, 2020]
- The Best Live Blackjack Games to Play with Friends to Beat Lockdown Boredom - Nerdcore Movement - June 5th, 2020 [June 5th, 2020]
- Several visited sandbar party and tested positive for COVID-19 - Traverse City Record Eagle - July 11th, 2020 [July 11th, 2020]
- Thats so unfair - The New Indian Express - July 12th, 2020 [July 12th, 2020]
- How New Technology will affect the Online Casino Experience - Gildshire Magazines - July 12th, 2020 [July 12th, 2020]
- The Mail reminisces on its favourite themed weddings - NW Evening Mail - July 12th, 2020 [July 12th, 2020]
- High-Quality Online Casino Apps to gamble at Live Blackjack tables this week - Tunf.com News - July 12th, 2020 [July 12th, 2020]
- Back to work: Blackjack staff return to airports in London and Dublin - DFNIonline.com - July 12th, 2020 [July 12th, 2020]
- What are the Best Casino Games on Android - Phandroid - News for Android - July 12th, 2020 [July 12th, 2020]
- Plainridge to be first Mass. casino to reopen on Wednesday - WCVB Boston - July 12th, 2020 [July 12th, 2020]
- Huntington, Mary Virginia "Ginny" Shreve - Lynchburg News and Advance - July 12th, 2020 [July 12th, 2020]
- How To Play Blackjack (The Complete Guide) - Blackjack ... - July 12th, 2020 [July 12th, 2020]
- Blackjack Online | Top 3 Casinos [2020] to Play for Real Money - July 12th, 2020 [July 12th, 2020]
- Cordish Aims To Expand Live! Casino Presence in PA With Mini-Casino License Bid - Play Pennsylvania - July 15th, 2020 [July 15th, 2020]
- MGM Springfield reopens Monday; Heres how the casino plans to provide a safe experience amid the pandemic - MassLive.com - July 15th, 2020 [July 15th, 2020]
- Al Ewing: Guardians of the Galaxy is the "launchpad" to "New Age of Space" at Marvel - GamesRadar+ - July 15th, 2020 [July 15th, 2020]
- 'Over to you': Leanne Nutter, Head of Travel Retail, Blackjack Promotions | Travel - TRBusiness - July 15th, 2020 [July 15th, 2020]
- Play Modernised Versions of Your Favourite Games Thanks to Live Casino - TheUSBport - July 15th, 2020 [July 15th, 2020]
- 9 Black-Owned Burger Joints In North Texas. - Central Track - July 15th, 2020 [July 15th, 2020]
- DraftKings Matches FanDuel With Introduction Of Separate Casino Games App In PA - Penn Bets - July 15th, 2020 [July 15th, 2020]
- 20 What are the favorite hobbies worldwide? - Explica - July 17th, 2020 [July 17th, 2020]
- Edited Transcript of EVOG.ST earnings conference call or presentation 17-Jul-20 7:00am GMT - Yahoo Finance - July 17th, 2020 [July 17th, 2020]
- Laws and History of Gambling in Oklahoma - Best Casinos in Oklahoma - BestUSCasinos.org - July 17th, 2020 [July 17th, 2020]
- 888 Announces New Partnership With NetEnt Live - Gaming Post - July 17th, 2020 [July 17th, 2020]
- Casino Morongo replaces former bingo space with slots and table games, goes smoke-free - The Whittier Daily News - July 17th, 2020 [July 17th, 2020]
- Don't overestimate chances of dealer busting in blackjack - Press of Atlantic City - July 17th, 2020 [July 17th, 2020]
- Top 7 Online Blackjack Casinos [2020] - Play for Real Money - July 18th, 2020 [July 18th, 2020]
- 888casino rolls out NetEnt Live games - iGaming Business - July 19th, 2020 [July 19th, 2020]
- Titans of Industry Have Some Fun Analogies for Your Startup - Daily Business Buzz - July 19th, 2020 [July 19th, 2020]
- An Evil [SPOILER] May Unite the Guardians of the Galaxy - Screen Rant - July 19th, 2020 [July 19th, 2020]
- Speed of play counts in all gambling - GamingTodaySlotsToday - July 19th, 2020 [July 19th, 2020]
- Best Live Dealer Casinos with Blackjack Diamond VIP by Evolution Gaming - Tunf.com News - July 19th, 2020 [July 19th, 2020]
- Promising PA Sports Betting Report Still Not Quite On Par With Neighbor - Legal Sports Report - July 20th, 2020 [July 20th, 2020]
- US Legal Gambling Ages - How Old Do You Have to Be to Gamble? - BestUSCasinos.org - July 20th, 2020 [July 20th, 2020]
- J-turns at Blackjack Road and 31W are operational today - Elizabethtown News Enterprise - July 20th, 2020 [July 20th, 2020]
- Don't overestimate chances of dealer busting in blackjack - Atlantic City Weekly - July 20th, 2020 [July 20th, 2020]
- Blackjack or Pontoon? See Which You Prefer - European Gaming Industry News - July 20th, 2020 [July 20th, 2020]
- Choosing a Casino - How to Find the Best Places for Casino Gambling - BestUSCasinos.org - July 24th, 2020 [July 24th, 2020]
- More Star Wars Shows Coming to the TV Screens and Thats Great - GameSpace.com - July 24th, 2020 [July 24th, 2020]
- Top Online Games You Need to Play Today - Kagay An - July 25th, 2020 [July 25th, 2020]
- 'Beyond the Dugout': Cleveland Indians Manager Terry Francona reveals what he would change if he could rule the world - WKYC.com - July 25th, 2020 [July 25th, 2020]
- Advantage Gambler Tommy Hyland - Blackjack Card Counting Teams - BestUSCasinos.org - July 25th, 2020 [July 25th, 2020]
- Giant Panda Slots and Blackjack Added to Spearhead - Golden Casino News - July 25th, 2020 [July 25th, 2020]
- How Fred Smith rescued FedEx from bankruptcy by playing blackjack in Las Vegas - Fox Business - July 25th, 2020 [July 25th, 2020]
- Blackjack Spooking - What Is the Legality of Blackjack Spooking - BestUSCasinos.org - July 25th, 2020 [July 25th, 2020]
- Small Tactical UAS program office at NAS Pax River changes leadership - The Southern Maryland Chronicle - July 29th, 2020 [July 29th, 2020]
- Every Time Claire Fraser Was a Historical Health Icon on Outlander - SheKnows - July 29th, 2020 [July 29th, 2020]
- Celebrities Who Love to Gamble - CelebMix - July 31st, 2020 [July 31st, 2020]
- Best Live Gambling Websites to play Blackjack K - Tunf News - Tunf.com News - July 31st, 2020 [July 31st, 2020]
- Learn About the Best Starting Hands in Blackjack - COED - July 31st, 2020 [July 31st, 2020]
- Do Not Ignore These Points if You Want To Win at Online Casinos - GameIndustry.com - August 2nd, 2020 [August 2nd, 2020]
- Salsa Technology and Atomo Gaming form partnership bond - iGaming Business - August 3rd, 2020 [August 3rd, 2020]
- Raytheon Technologies Reports Robust 2Q Results, Maintain Buy Rating - Forbes - August 3rd, 2020 [August 3rd, 2020]
- Women Who Made Their Money in the Casinos - FemaleFirst.co.uk - August 3rd, 2020 [August 3rd, 2020]
- Online Teen Patti - The Basics - Techstory - August 6th, 2020 [August 6th, 2020]
- Online Casino Table Games - Are They Better Than Land-Based Games - BestUSCasinos.org - August 6th, 2020 [August 6th, 2020]
- Play Online Blackjack | USA Today - August 6th, 2020 [August 6th, 2020]
- Free Blackjack - TOP 7 FREE Blackjack Games at ... - August 6th, 2020 [August 6th, 2020]
- Online Free Blackjack | Instantly Play Blackjack for Free ... - August 6th, 2020 [August 6th, 2020]
- Online Blackjack Now! For Real Money or Free - Wizard of Odds - August 6th, 2020 [August 6th, 2020]
- Online Andar Bahar - The Basics - Techstory - August 7th, 2020 [August 7th, 2020]
- Casino guests return to the slots as Detroit's gaming halls reopen - The Detroit News - August 7th, 2020 [August 7th, 2020]
- Fairspin: Over $ 500000 in Earnings and 10 ETH Gifts - Somag News - August 7th, 2020 [August 7th, 2020]
- Skill vs Luck When Playing Slots - Are Slots Really Just Luck? - BestUSCasinos.org - August 7th, 2020 [August 7th, 2020]
- Gaming mailbag - Press of Atlantic City - August 7th, 2020 [August 7th, 2020]
- The Online game that is the charisma for people and what people should try in the Coronavirus statewide - iDigitalTrends - August 10th, 2020 [August 10th, 2020]
- Defamation defense affirmed by Nev. SC in gambler's case over blackjack footage - Legal Newsline - August 10th, 2020 [August 10th, 2020]
- Five Online Blackjack Tips That You Can Use When Playing - Betting, Casino And Football Tips - Macon County News - August 10th, 2020 [August 10th, 2020]
- Blackjack Tips For Beginners - Betting, Casino And Football Tips - Macon County News - August 10th, 2020 [August 10th, 2020]
- 10bet - Perfect On the net Betting den Actions Just for Typically the Bettor - ADOTAS - August 10th, 2020 [August 10th, 2020]
- Bars in Clark County can now move gaming machines off the bar top and into the lounge - Eater Vegas - August 10th, 2020 [August 10th, 2020]
- Five best resorts and casinos to explore in Canada - Travel Daily News International - August 10th, 2020 [August 10th, 2020]
- Betsoft's new online slot The Hive offering extra spins at Intertops Poker as slot of the month - World Casino Directory - August 10th, 2020 [August 10th, 2020]
- Quality Live Casino Sites with the Blackjack Fortune VIP Game - Tunf.com News - August 10th, 2020 [August 10th, 2020]