Our database contains reviews of some of the major digital currency wagering options, and the list would not be complete without Ethereum Classic. Just as any other currency, this one is decentralized and based on a peer-to-peer transactions.
Earlier in our activity, we already evaluated Ethereum, although it was a slightly different one.
We’re talking about evaluation of the currency introduced in 2015, and a list of online operators compatible with it.
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We already have a list of online operators where all sorts of gambling services are compatible with ETC. This does not mean just wagering on slots, table games and arcades. We’re also talking Sportsbook, poker rooms, exchange betting and welcome bonuses.
All of this is possible within the 1xCorp N.V. network and its three popular brands - 1xBet, 1xBit and 1xSlots. The jurisdiction of Curacao authorized services of these three websites, and each one turned into an internationally-targeted hub with hundreds of games to choose from.
The list of content suppliers available in the lobbies, includes but is not limited to Wazdan, Next Generation Gaming, Belatra, Euro Games Technology, and many others.
Welcome bonuses can be credited to those who deposit via ETC e-wallets. Now, while it is not a problem to find online lobbies that offer crypto-compatible slots, not all of these will support a promotional policy even in BTC, let alone Ethereum Classic. All three websites of 1xCorp N.V. do. Naturelly, propositions come with the wagering requirements and deadlines, as if you were playing in regular cash.
So, is there a need to know the difference between Ethereum and Ethereum Classic?
The ecosystem of this brand of currency works via a smart contracts approach. These are all automated. When the brand was being established, it relied on the so-called DAO - Decentralized Autonomous Organization.
Some history here: To get a say in DAO, one would need to buy special tokens sold only in exchange for Ether. Closely connected to control of the process were the curators. The system also involved a vote of approval for all major decisions regarding the whole currency system to be passed. This was a virtual way of building the checks-and-balances system of the organization. And it failed.
Tip: Before there was ETH and ETC, there was only one currency, and then, a solid sum of money was stolen from the Ethereum fund due to the loophole in the DAO system. Since then, it has been a battle of ideologies and ethics between ETH and ETC.
The scandal with the money theft proved DAO to be insecure, but it did not mean the currency was. And it still does not mean that.
While there are till this day ideologic (and some software) differences between the two currencies, when it comes to using ETC, the bottomline is your money is safe. Ethereum uses a blockchain absolutely different from that of a Classic version. Both still support a peer-to-peer algorithm, cash exchange (yes, Ethereum Classic can be converted back to USD), and a classic wallet system.
In order to pay online with the reviewed currency, you will need to register an account and to get yourself some ETC. This is possible by either buying Ethereum Classic or by getting it from peers. This is still a volatile currency, so Ethereum Classic price will change from time to time.
Ethereum Classic
EWallet
5
2
Ethereum Classic
https://ethereumclassic.github.io/
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The choice is yours, and there is no absolutely right answer. Both currencies are valid. From the ideological point of view, ETC’s users would say, the system relies on the classic software and blockchain.
The account is protected by two-factor authentication.
All financial transactions are being processed immediately. This makes it a solid argument to casino players who can count on receiving instant wins directly into accounts.
Experts say that the system is not as compatible with Ethereum Hard Fork since all the major players switched to never ETH software and ecosystem. This does not in any way affect security of users’ funds, but it might hold ETC back when the time for updates come.
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