Online casinos and gaming platforms are now welcoming of cryptocurrencies and tokens, with EOS being the latter of which is produced by EOS.io, arguably the most powerful infrastructure for decentralised applications around.
Launching in June 2018, More than one billion EOS Coins have been distributed. The EOS Public Blockchain functions through a Delegated Proof of Stake, meaning that consensus algorithms are employed to improve security stands & mining capabilities. Therefore, virtual gambling houses have colonized the essential services offered by the EOSIO Platform.
The EOS Public Blockchain is purchased through Cryptocurrency Wallets like BreadWallet, BitPanda, Blockchain, or CoinsPaid. After registering with a verified payment service, you’ll be approved to exchange EOS Tokens into their appointed gambling house.
Each token that’ll be reassigned into EOS Casinos will maintain costs of $4.25 per coin. Punters will need 25 Tokens to accumulate bankrolls exceeding $100. But players aren’t financially progressed by exclusively depositing into an online gambling casino. There’ll be requirements to sustain knowledge on which the casino exploits games, promotions, support systems, and security algorithms.
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Online casinos are generally accepting of cryptocurrencies and tokens nowadays because there are significant benefits which come from using them. As we mentioned above, EOS is an ecosystem with a difference, and this immediately appeals to operators as a result.
For example, the people behind EOS claim they aim to process 100,000 transactions per second, making it one of the fastest decentralised systems around. By being able to work at breakneck speed, EOS as a whole becomes appealing to operators, especially those prevalent in the online gaming world today.
Cryptocurrencies and tokens such as EOS allow for a more accessible and convenient online gaming experience, primarily as the benefits provided, of which we will come onto later in our concise guide, meet the demands of players.
It’s worth considering EOS as the whole package, rather than just the token, as there are more benefits in play:
In EOS, you have a popular token accepted by many gaming platforms, as well as a blockchain system that’s fast and efficient.
EOS is divided into two parts by its developers. EOS.IO is what runs the blockchain network, very much like how Windows is used to run a computer. The EOS token is the cryptocurrency, and this is the part which people can use to play at online casinos.
According to those behind EOS, their infrastructure is the most powerful around. They provide users with a decentralised system which allows for the development, hosting and executing of decentralised apps, commonly referred to as dApps.
If you’re an online casino operator or gamer, there are the usual benefits which come with using a cryptocurrency token such as EOS. For example, there is no requirement to enter your own personal or banking details, which protects both user and operator alike.
In general, the EOS ecosystem aims to be somewhat of a problem solver. It can see the flaws in other blockchain systems, and attempts to do things better, more efficiently and at a faster rate. So, by using EOS, you’re effectively a part of the solution and the future of blockchain and cryptocurrencies.
EOS is more than a cryptocurrency. It’s an ecosystem. Therefore, it’s of significant appeal to casino operators in the online world. So, they accept EOS as a payment method, based on what it brings to the table.
EOS is one of the more recent cryptocurrencies to hit the scene. It isn’t as popular as some of the others in the market, so casino operators run introductory promotions and deals to encourage new and existing punters to use EOS.
EOS is a reputable cryptocurrency. So, in most instances, punters can use the token directly when playing at online casinos. Some platforms prefer their players to use a native currency, however, but EOS will convert with ease.
The developers of EOS claim the ecosystem can process up to 100,000 transactions per second, which makes it one of the quickest in the business. Speed of transaction is something both operators and customers benefit from.
Gambling houses that’ve supported the EOS Token aren’t decentralized, and they’d be considered centralized services operated by third parties.
Withdrawn payouts can substitute additional cryptocurrencies like BTC, BNB, LTC, and XRP.
The payment platforms identified above provide DeFi Applications that’ll allow EOS Tokens to be converted into Fiat Currencies, including the EUR and USD.
Withdrawn funds aren’t limited by their upcoming assessments. Growth beyond your expectations could be sustained. For instance, EOS Tokens at $4.25 could become worth $10.00 by 2022.
There’ll be zero capabilities of having your deposits charged back onto accounts.
Cryptocurrencies aren’t regulated by government intervention, meaning that taxation is avoided.
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