Ethereum Casinos

What is Ethereum?

In former times, cash was the predominant means of making payments. Various types of coins have been used for thousands of years to represent certain values of goods, and make bartering easier. However, today, people often avoid using cash. It is more expensive, and less secure, than other payment methods.

Cashless transactions – transactions using credit or debit cards, e-wallets, and the like – are already common. In the 21st century, cashless banking progressed to a whole new level with the introduction of cryptocurrencies.

Ethereum is a decentralized and digital currency that was made available for purchase in 2014. It can be used instead of any regular currency for online transactions, but, at least initially, its main purpose was running and executing smart contracts.

Without getting into any of the details, smart contracts are agreements between someone who provides some kind of service, and someone who pays for the service. By using Ethereum, the parties can set up a contract in which payment takes place automatically as soon as the service provider has provided the service for which payment is being made.

When using Ethereum, the unit of payment is the Ether (ETH).

Where to buy from and where to hold Ethereum:

Step 1:

In order to start using Ether for your online transactions, the first thing you need to do is set up an e-wallet. In other words, you need to enter your banking details into some kind of online banking service, like PayPal or Neteller. These providers allow you to make and receive secure online payments.
Once you have your e-wallet, you need some ETH to put in it.

Step 2:

(a) You can buy ETH, using traditional currencies, from businesses called Centralized exchanges. The problem is that the centralized exchanges retain control over your ETH, even when you’ve paid for it, until you remove it from the centralized exchange and put it into your e-wallet.

(b) When you use a Decentralized exchange (or DEX), you can buy ETH directly from other users, without having to leave your [funds] under the control of any centralized [body/organization]. This is known as the peer-to-peer purchase method.

(c) With certain types of e-wallet, you can buy ETH directly, in that wallet menu. In this case, payment methods include bank transfer, credit or debit card, and even something like Apple Pay.

Step 3:

You are now ready to start paying with ETH online.

Ethereum Quick Facts:

• Year founded: 2014
• Max supply: There is no limit on the maximum amount of Ethereum in circulation.
• Launch price: $0.43
• All time high: $17,107

Mining facts:

Seeing that Ethereum is not administered by a centralized institution like a bank, it is up to the community of users to verify ETH transactions online. This is called mining.
Strictly speaking, anybody can mine Ethereum – but not everybody can do so profitably. In the first place, you have to have the right hardware and software. In the second, you need a reliable and unlimited electricity supply in order to keep your mining set-up running. Lastly, you may need to pay fees to join a mining pool (or group of other miners) before you start making any money.

Juicy Fruits

When you open Juicy Fruits, you are met with soft, atmospheric music, and the clink of ice cubes. Now and then, you hear the distinctive fizz of a drinks can being opened. The slot symbols are positioned against a glass, filled with ice cubes and fruits, in which bubbles slowly rise to the surface and burst.

This traditional slot game features familiar fruit symbols that have been common in casinos and arcades for decades. These fruity favorites include cherries, strawberries, lemons, limes, kiwi fruit, and apricots. The wilds and scatters are symbolized by diamonds and crowns. You can also expect to see the BAR symbol, number seven, and brass bell symbols.

Juicy fruits is a video slot with five reels and five rows, which can produce a total of 50 winning paylines. It is considered a high volatility slot, and provides large payouts, but only occasionally. The RTP is 96.52, and jackpots are 5000x your stake.

Don’t expect progressive jackpots or bonus games when you play Juicy Fruits – but you can still win big with the different bonus symbols, scatters, and wilds.

Luxury Life

When you open Luxury Life, you are met with a purple staircase leading up on either side of a central landing. In the background, the silhouettes of skyscrapers, with lighted windows, loom against a brilliant night-time sky.

It’s a 5-reel, 3-row slot, and it has 20 paylines. Symbols are also luxury-themed. On each Wild card, you will see the head and shoulders of a handsome gent wearing a jacket and bow tie. Appropriately, the Scatter symbol is a metallic briefcase crammed with bricks of cash. Line up three or more SCATTERs to enter the 20-round MONEY RAIN bonus game. Numbers 9 through K complete the symbols on offer.

In the Risk Game (or Gamble), the average RTP is only 0.84, but the actual RTP for any given round depends on the Dealer’s card. Your chances of winning are highest when the dealer turns up a 2 (1.62), and lowest with an Ace (only 0.42).

PROs & CONs of gambling with Ethereum

The main Pros of gambling with Ethereum are the Smart Contracts technology, the Security/Anonymity, the Scalability and Transaction Speed, the Independence and Decentralization, and the Smaller Fees/Larger Transaction Limits of this currency.

Bitcoin

Bitcoin and Ethereum both exemplify decentralized, peer-to-peer networks that are free of centralized regulation or control. The difference is that Bitcoin is used to carry out transactions between individual e-wallets, whereas Ethereum relies on automated smart contracts. Smart contracts can be used to carry out more kinds of different transactions than just payments between e-wallets.

Bitcoin casinos

ZCash

Although Zcash and Ethereum are independent cryptocurrencies and are to at least an extent in competition with each other, they have slightly different purposes. Zcash was developed as a way of addressing some of the security issues with Bitcoin, whereas the main point of Ethereum, as noted above, is the creation of Smart Contracts. Therefore, any one of these three cryptocurrencies might be ‘better’ than the other two, depending on the exact context of the online transaction.

New ETHEREUM casinos

As the currency continues to grow in popularity more and more casinos especially online casinos are now incorporating Ethereum into their payment methods.