Ethereum Casinos are online Casinos that accept as a payment method (Deposits and Withdrawals) Ether, the no2 Cryptocurrency worldwide after the king of cryptocurrencies, Bitcoin.
Nowadays, it is a trend that Online Casinos start to accept Bitcoins, so there is a full list of 👉 Bitcoin Casinos 👈.
But how many reputable Casinos accept Ethereum?
In this article you will find useful information about Ethereum Project, a complete list of Ethereum Casinos and the most important link sources to investigate deeper the world of Ethereum.
What is Ethereum?
Ethereum (ETH) is not only a crypotocurrency such as Bitcoin or Litecoin. The Ethereum protocol was originally introduced as an improved version of the Bitcoin cryptocurrency, to overcome the limitations of its programming language, providing advanced features such as custody over the blockchain, withdrawal limits, financial contracts, gambling market and the like. Through a much wide generalized programming language.
It is a cryptocurrency used by customers of the Ethereum platform who seek to take advantage of their advantages to make payments to other people or to machines that execute requested operations. That is, it is the incentive that ensures that developers write quality applications (unnecessary coding costs more) and that the network remains healthy.
Beyond the currency, there are protocols around decentralized file storage, computing and prediction markets, among dozens of other similar concepts, they have the potential to substantially increase the efficiency of the computing industry, and provide a great boost to others peer-to-peer protocols adding an economic layer for the first time.
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Differences between Ethereum and Bitcoin
- Currency limitation: One of the characteristics of Bitcoin is that it has actually a limit of creation of currencies set at 21 million, from there, they can no longer be created and they can only buy or sell, or be used for different economic operations. For its part, the creation of ether is infinite, so that it is established as an inflationary system.
- Block generation time: The speed with which block chains are generated is another of the differences between these two virtual currencies. The complex processing of Bitcoin means that the generation of new blocks takes place every 10 minutes. However, for the generation of a new block and its confirmation only requires 16 seconds, which makes it much more to make large transactions.
- Mining: Another of the most important differences between these two virtual currencies is focused on mining. It must be said that any device has the possibility of carrying out mining activities, but they do not have the same requirement. While to mine Bitcoin, there are specialized devices created specifically for this purpose, Ethereum mining can be made only by using casual devices that have CPU or GPU, so mining can be done easily.
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