Long tagged as silver to Bitcoin’s gold, Litecoin has been moving in the shadow of its older brother not only in the markets, but as a medium of exchange for vendors and service providers. That situation is shifting, and the litmus test is the gambling industry. There are a growing number of Litecoin casinos out there – big established brands – that are enabling Litecoin payments. The benefit of this is clear. More players are looking for Litecoin casino and Litecoin-friendly brands to play at.
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Are Litecoin Casino the Chicken or the Egg?
Is the growth of Litecoin casino a result of the currency moving out of the shadow of its bigger brother, or simply the result of a practical change that was in the making years ago? The answer would be a little bit of both. There are advantages to Litecoin casino as opposed to Bitcoin gambling that are baked into the currency itself like:
- 2 and a half minute blocks that make transactions faster.
- Transactions on the Litecoin network are historically cheaper.
There are also arguments that show Litecoin gambling is not the chicken, but rather the egg. A clear example is SegWit activation before Bitcoin with less controversy. This shows the cryptocurrency has matured to a level in which its community is united, giving Litecoin more stability and a better outlook for further upgrading. This is exactly what has been happening lately with Litecoin creator Charlie Lee coming back to lead development efforts and selling all his coins to get rid of various suspicions.
Changes in Cryptocurrency Gambling
Litecoin gambling has therefore emerged as one of the key industries in which Litecoin can show how the combination of every advantage can make it competitive as a medium of exchange. Litecoin gambling will therefore be one of the leading growth foci for cryptocurrency casino going forward, and players looking for the best brands to enjoy the advantages of Litecoin casino, should be looking at solid, early adopters. Among these, there are some iconic brands that started out as Bitcoin gambling outfits and have now integrated Litecoin payments.
Games Designed Exclusively for Litecoin Casino
Going back to the chicken and the egg, at some point we might see Litecoin gambling hatch and become a force of its own, with games designed exclusively for Litecoin players, that cater to certain aspects of their sub-culture. Software giants are definitely looking closely at Litecoin gambling, trying to see whether they have an angle to attract more Litecoin players with certain games and certain features. As Litecoin gambling continues to grow and more brands enable LTC payments, there will be more demand for this kind of specialty game. Who knows, maybe we will see a game based on the race towards SegWit activation or even based on the development of the Lightning Network, which will highlight the role Litecoin had in all these changes.
Litecoin Gambling Rocks!
In the meantime, it is the brands that are taking the lead and enabling LTC payments. This is also a result of players demanding Litecoin payments precisely because they understand the coin’s advantage vis-à-vis other cryptocurrencies. As long as players keep on pushing the demand for LTC payments and the markets continue to validate Litecoin prices, Litecoin gambling will certainly have a bright future.