Long tagged as the silver to Bitcoin’s gold, Litecoin (LTC) 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 casinos and Litecoin-friendly brands to play at.
What is Litecoin
For many years now, the shining star of crypto has been the highly rare, Bitcoin. But after doing some intense research, we now believe that Litecoin is actually the most captivating cryptocurrency in the market. Currently there are 180 internationally recognized currencies in circulation but this number is constantly on the rise, making the pool of choice rather diluted.
Many people believe that Litecoin is an aspiring alternative to Bitcoin, but we here to tell you that Litecoin is the way forward. As of right now, Litecoin ranks third for the most used cryptocurrencies, placing alongside Bitcoin and XRP.
Although Litecoin is not the first peer-to-peer cryptocurrency, the incredibly designed open-source software used to maintain the high standard of operations is what sets this crypto option apart from the rest.
The Difference Between Litecoin and Bitcoin
As mentioned previously, Bitcoin and Litecoin seem to be the biggest competitors. Constantly being compared to one another, the lines are starting to become blurred as to which one comes out on top. Our money is on Litecoin and here is why:
- Faster confirmation: Litecoin works at lightning-fast speeds, processing a block every 2.5 minutes. Bitcoin works at a rate of 10 minutes.
- Top of the range hashtag algorithm: Litecoin uses scrypt as the base of its proof-of-work algorithm. The system uses a sequential memory-hard function.
- The Litecoin Network will create more coins: Litecoin has a cap of 84 million Litecoins which is four times as many units in comparison to those issued by Bitcoin.
Is Litecoin the Reason for the Demand of Crypto Gambling?
Is the growth of Litecoin casinos 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 games and casinos as opposed to Bitcoin gambling that is baked into the currency itself like:
- 2 and a half minute blocks that make transactions faster.
- Transactions on the Litecoin network are historically cheaper.
Some arguments show Litecoin gambling is not the chicken, but rather the egg. A clear example is SegWit activation before Bitcoin with less controversy. This shows that 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 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 games will, therefore, be one of the leading growth foci for cryptocurrency casinos 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, some iconic brands started out as Bitcoin gambling platforms and have now integrated Litecoin payments.
A Litecoin casino should offer a healthy number of Litecoin games, allowing crypto gamblers the chance to see the next number one cryptocurrency in action. Once you have tried Litecoin casino games, you will never go back. Loaded with huge winning potential and a larger thrill factor, Litecoin games are the only way to reach those massive returns.
Games Designed Exclusively for a Litecoin Casinos
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 subculture. 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 Casino Free Spins
Litecoin casinos offer virtually identical gaming categories to fiat-based gambling. The most popular Litecoin game options are Table games, Litecoin Slots, Video Poker and Virtual Games. If you are looking to gain some free Litecoin spins, head over to your chosen Litecoin casino and try out the slot selection. Slots often have the bonus of free spins, but now with the aspect of Litecoin, free spins become that much more rewarding.
Here are some crypto casinos with no deposit bonuses that will boost your Litecoin gambling experience.
- FortuneJack Casino – 25 free spins with no deposit. Claim bonus
- BitStarz Casino – 30 free spins with no deposit. Claim bonus
- BetChain Casino – 20 free spins with no deposit. Claim bonus
Litecoin Casinos Rock!
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 Litecoin casino and the markets will continue to rise, increasing the demand for Litecoin games. With the top Litecoin casinos under your arm, your Litecoin gambling future is looking bright.