What is the difference between a crypto casino and a regular online casino

Online casinos appeared relatively recently, just over a decade ago. However, they quickly became as familiar a part of life as smartphones or high-speed Internet.

What is the difference between a crypto casino and a regular online casino

Among the latest changes in the world of online casinos, a special place belongs to crypto casinos, which operate using blockchain technology.

Two types of casinos can be found on the Internet that use cryptocurrencies. The first type is the usual online casinos that accept payments from users both in traditional currencies and in cryptocurrencies, such as bitcoins. Structurally, such online casinos are virtually no different from the usual online casinos. They use the same software and do not use blockchain technology. In fact, they are not crypto casino Canada, but regular online casinos that accept payments and make payments using cryptocurrencies.

The second type of casinos are full-fledged crypto casinos that operate using blockchain technology. The entire infrastructure of such platforms runs on blockchain and such casinos have no server, no managers, not even licenses.

As you know, blockchain is essentially a huge centralized database. This technology does not require a central server; it runs on users’ devices. In order to access a crypto casino, users must install special extensions on their computers. In a crypto casino, all processes, such as games, RTP game control, payment processing and all other elements of the online casino run on a blockchain. Moreover, even if it happens that such a casino stops operating, all information is stored in the blockchain, including players’ winnings. In addition, the blockchain automatically processes all payments with the help of smart contacts. Thus, the correctness and honesty are controlled by the technology itself, as well as by the players, and therefore cryptocurrency casinos do not need a license.

Differences of a cryptocurrency casino from a regular online casino

As mentioned, the main difference between a crypto casino and a traditional online casino is the software. In addition, an online casino needs a license, which confirms that the work of this casino is regularly checked by competent organizations and that all games in this casino work in accordance with the algorithms established by the developers. The cost of such a gaming license is quite high and can reach several million dollars. At the same time, the crypto casino does not require a license to operate, since all processes in it occur automatically using a blockchain. Accordingly, this eliminates the possibility of manual intervention in the established processes.