Ethereum Casino and Gambling
If Bitcoin gambling changed the face of online gambling forever, with blockchain-based innovations that traditional casinos cannot compete with, then Ethereum gambling has the potential to change the very nature of gambling as a whole. Ethereum casino and gambling allows for transparency and sophistication way beyond the provably fair features and instant pay outs that bitcoin brought to the industry. Smart contracts and the ability to program virtually anything on them, means that Ethereum gambling has the potential to be even more transparent. Smart contracts also allow for the explosion of new casino games that can transform player behavior altogether as well.
Ethereum Gambling and ETH Gambling
The Ethereum casino and gambling industry is quickly developing and is already challenging the bitcoin gambling industry with an innovative edge. Nevertheless, in many cases, cryptocurrency gambling sites have taken the opportunity to bridge the gap by offering games that everyone already knows to Ether gamblers.
How is Ethereum Gambling different from Ether Gambling?
From the list above, there are casinos that take Ether as a form of payment while there are others that base their games on smart contracts on the Ethereum network. This is the basic difference between Ethereum gambling and Ether gambling. In other words, all Ethereum gambling might end up being Ether gambling but not all Ether gambling is Ethereum gambling. Ethereum-based casinos may also evolve to incorporate payment with other cryptocurrencies. In essence these casinos offer a different kind of gaming and not necessarily payment with a different cryptocurrency.
Pure Ethereum Casino
There are also pure Ethereum casino that offer games based on smart contracts on this network, while they only take payment in Ether. This shows how diverse the Ethereum gaming industry can become, and how fundamentally innovative it can end up being. In fact, one of the first pure Ethereum gambling initiatives, Edgeless, brought the 0% house edge model to online gambling. This is only one of the most disruptive innovations that a pure Ethereum gambling initiative could come up with.
The other unique and disruptive feature that Ethereum gambling brings to the industry has to do with instant withdrawals. Smart contracts could potentially shift consumer behavior in the industry. Once players understand that an instant withdrawal can be coded into a contract and that this contract cannot be altered, they are likely to demand it. Instant withdrawals on the Ethereum network might also have a transfer time advantage over the same feature on the bitcoin network. Transaction times on Ethereum can be shorter than on the Bitcoin network, which is a huge advantage.
Developers on the Ethereum network are also working on unique games that will cater to the members of their community. These games will have specific characteristics that have to do with Ethereum, much like bitcoin games are based on the story of that cryptocurrency although the origins of both are the same. Ethereum gambling effectively started off with games much like bitcoin gambling. Nevertheless, the features of both networks and the differences in their stories will take them in different directions. This is why players can expect a wide variety of unique Ethereum games to emerge.
Other advantages of Ethereum Gambling
These are some of the most glaring advantages that Ethereum gambling offers, but it is not an exhaustive list. In fact, it is quite impossible to come up with a complete list of Ethereum gambling possibilities because the network allows for an unprecedented degree of flexibility in terms of game programming through smart contracts. Anyone could come up with games that take many of the features that we already know, to the next level. Ethereum gambling could well revolutionize the following aspects of the industry:
- Social interaction through games.
- Investment in gambling apps or games.
- It could eliminate the need for casinos altogether.
Ethereum will certainly open up some of the most exciting and innovative opportunities in the world of gambling and online casinos. Hopefully you will be able to enjoy them and be among the first ones to try these new games and gambling concepts out. So go ahead and try one of our favorite Ethereum gambling sites form the list above. We will make sure to keep on expanding and refining the list, adding the latest as soon as it comes out.