Skip to main content
110% Deposit Bonus from mBit

Blockchain & Bitcoin Cash Will Improve iGaming Market

Crypto experts and enthusiasts believe blockchain and Bitcoin Cash will create a better iGaming landscape for both operators and players across the globe.

A panel of cryptocurrency experts and enthusiasts led by nChain Group CEO Jimmy Nguyen showed during the second day of the ASEAN Gaming Summit how blockchain technology and Bitcoin Cash can improve the online gaming landscape.

Highlighting in the event in Manila, Philippines the shift from eCommerce to bCommerce, Nguyen laid out the plans for the development of Bitcoin Cash to offer faster, cheap, and easy transactions—features that can provide cryptocurrency bettors an alternative to Bitcoin. Bitcoin, the cryptocurrency initially adopted by a growing sector of the iGaming market, now experiences slow and costly transactions that go against Satoshi Nakamoto’s true intent for Bitcoin.

With the ongoing initiatives by the nChain Group, Bitcoin Cash developers, and supporters to create gigablocks and even terablocks, the online and land-based gaming landscape will be among the first markets to benefit from the developing Bitcoin Cash blockchain.

| Related: Jimmy Nguyen: Bitcoin Cash Will Make bCommerce Successful

How Online Gaming Can Benefit from Blockchain

Bitcoin Cash to Play Big Role in Online GamingThe development of the Bitcoin Cash blockchain or even Bitcoin Cash itself offers big promises to the iGaming market. Peer-to-peer betting, tokenization, and larger crypto betting community are some of the primary benefits operators can get.

Peer-To-Peer Betting

While peer-to-peer betting is not new on the market, Bitcoin Cash can largely improve it. Integrating Bitcoin Cash into the system enables bettors to wager and receive their wins at a much faster pace compared to fiat and Bitcoin payment methods. As plans to upscale the 8mb block to 32mb finalize in May 2018, bettors will experience even faster transaction speeds. Provably fair gaming and accessibility will go hand-in-hand with the inclusion of Bitcoin Cash blockchain to the picture.

Tokenization

Online casino operators can improve the gaming experience they offer by adding in-game credits or rewards through tokenization. Giving away bonuses through tokens coded to function for a limited time is a marketing option that can be utilized using blockchain. At the same time, operators looking to start a new casino can venture into ICOs as a way to raise funds and publicity. Nguyen, however, noted that it would always be better if the tokens given away in ICOs would function other than as an investment tool after the ICO rounds.

Larger Crypto Betting Community

The iGaming landscape changed when more online casinos, sportsbooks, and poker rooms began to accept Bitcoin. But with the unfriendly fees and speeds associated with it, Bitcoin has now become the lesser popular choice for crypto bettors. This is the time Bitcoin Cash comes to the rescue, providing crypto bettors a better coin fit for regular usage on day-to-day basis. With bigger blocks in the future, wagering with Bitcoin Cash will become easier, faster, and more accessible.

| Related: Best Bitcoin Casino 2018: Quality Casinos, Games & Bonuses

1xBit Live Gaming Cup Play with Cryptos

LATEST CASINO NEWS & INTERVIEWS


News

Why Blockchain-Based Affiliate Program Is Better for the iGaming Industry

July 15, 2020

How much has changed in online casino affiliation since blockchain-based affiliate programs begin to operate in the expanding world of iGaming?

Uncover Fortunes in Gold Coin Studios’ ‘Arthur’s Gold’ in Microgaming Casinos with Bitcoin

July 15, 2020

Nevada-based Gold Coin Studios teams up with Microgaming to release its very first exclusive slot titled Arthur’s Gold, now added to Bitcoin casinos.

US Is Now Ready for Gambling, Survey Says

July 14, 2020

A new Gallup poll shows that more US citizens have changed their perception toward gambling, as they now regard the activity as ‘morally acceptable’.

Interviews

Interview with Eman Pulis, Founder of SiGMA

July 14, 2020

We had the opportunity to talk to Eman Pulis, founder of SiGMA, a highly-successful iGaming expo and conference home to 14000 attendees and 500 exhibitors.

Interview with Gregor Rozic, Sales Manager at GameART

July 7, 2020

We’ve had the opportunity to talk to GameART Sales Manager Gregor Rozic, who has 10 years of experience in online gaming on casino and poker content.

Interview with Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group

June 30, 2020

We had the opportunity to talk to Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group and member of Vie.gg Advisory board.

CHOOSE CASINOS NOW
Your Message
LEAVE A MESSAGE
RESET PASSWORD

Please enter your email address:

LOGIN TO BBC
No account yet? Register here
Forgot Password? Click here
JOIN US NOW
Already have an account? Login
Forgot Password? Click here