Guide to Bitshares Gambling (and FAQ Answered)
Bitshares coin as of recently took its place among acknowledged and popular cryptocurrencies used for gambling. Originally only a theory to test a new kind of prediction market, it gradually grew into a powerful tool for new-age entrepreneurs, investors and developers.
Asides from companies, it is also more and more frequently used by the individuals to purchase certain goods online, as well as to gamble.
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If you are willing to try out wagering in the reviewed currency, or are its frequent user looking for new places to bet and win, we’ve got three major platforms that support gaming in Bitshares. These are 1xBet, 1xBit and 1xSlots, all members of the 1xCorp N.V. network.
The brands share much in common. All three hold licensing from the government of Curacao, and are homes to over 1,500 games each. The list of entertainment includes classic, video and progressive slots, arcades, live dealer, and table games. In addition to games at 1xBet registered members will be able to use Bitshares on Sportsbook, poker and exchange betting.
As to content creators, many renowned names can be met in the lobbies next to some minor but ambitious content creators. The list includes, but is not limited to Wazdan, Net Entertainment, Quickspin, Foxium, Euro Games Technology, and others.
Bitshares made its break in 2013, when it was broadly discussed on specializes forums. Its current form was established in October of 2015.
As the rest of currencies, it is a decentralized and peer-to-peer blockchain and a convenient way to send money online. In order to do so, every new user will need to register an account, download and install a Bitshares wallet, set the password and get some cash by either purchasing or trading, as well as receiving or mining it.
Bitshares price is volatile, and the currency is not stable yet.
A few words about Bitshares security of transactions…
...then studying all the vulnerable spots of the system, the developers came up with the TITAN software. Due to it, inputs and outputs can be connected to names, and there is also Delegated Proof of Stake (DOPS). Due to it, blocks can be grouped, and transactions can be scheduled. Third parties can be authorized to participate in cashouts on behalf of the receiver.
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Why use Bitshares in online gambling?
For players from many countries, using digital cash is sometimes the only way to play legally online. In the United States, banks will limit financial transactions outside the few states where online wagering is allowed. In comes decentralized system and anonymity.
Also, as of lately crypto-friendly gambling destinations are offering welcome bonuses along with depositing, and Bitshares is compatible with welcome promotions. Claiming welcome deals, especially the no-deposit ones may be the good way to test out services of particular platforms.
Finally, transactions in cryptocurrency are fast and secure, which is more than anyone can sometimes say about other payment methods, especially those involving bank and card transactions. And since digital cash is officially recognized, why not use a new and faster alternative to old-school payment methods?
Block confirmations are fast. This allows for transactions to get delivered to blockchain within 3 seconds.
Just as across any other blockchain, fees are there, but they are low. What is more, lifetime users can claim up to 80% of cashback on transactions.
Yes, you can do information backup. It comes in a JSON format that allows for cross-platform operation.
You can head to such resources as Bter, BTC38, or Poloniex. The assets will be introduced there within either days or weeks.
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