As digital currencies grow in scope and popularity in the online casino world, it only stands to reason that the varieties and variations of crypto currencies will continue to grow as well. And when it comes to cutting edge crypto currencies, Ethereum leads the charge.
About Ethereum Currency
While Bitcoin gets the lion share of reviews and popularity, the Ethereum method is surging in popularity as well. Ethereum was first introduced to the world, back in 2014, by a Swiss nonprofit company looking for a more lightweight and flexible version of block chain, the likes that Bitcoin utilizes. The impact of the Ether network was immediate, and the value that the Ethereum block chain could have in the online casino world, became quickly known, as several of these casinos began to utilize the Ether platform on top of their other secure deposit and banking methods.
Ethereum Casinos
How To Use Ethereum
If you wish to use Ethereum as a form of payment, you will first need to setup a wallet that supports the Ether framework. These wallets are similar to that of the Bitcoin ones, which allow users to setup and manage multiple accounts from a single Ethereum wallet. All users need is a valid email address and a way to convert funds into ETH currency. Users can sell, trade and buy the ETH currency throughout the Ether monetary system. This currency can be used to setup deposits and to receive withdrawals at Ethereum type casinos.
And just like you would utilize any other type of currency at online casino, simply head to the cashier, and you will be asked to transfer your ETH funds from your Ether wallet into an account, owned and operated by the casino in question. Similar to Bitcoin, these transactions are processed in mere minutes, allowing you to get straight into the action. And when it comes to receiving your well deserved winnings, you can process your withdrawal requests and have your ETH winnings sent directly to your Ether wallet.
The Difference Between Ethereum and Bitcoin
While both Bitcoin and Ethereum offer very secure transactions and privacy, due to their crypto technology and complicated block chain systems, Bitcoin is a singular, mono-type currency, whereas Ethereum is designed to branch off into several different variations of currency, throughout the Ether monetary network. Ethereum can also be utilized into several different products as well.
