Bitcoin is a peer-to-peer first ever conceived decentralized cryptocurrency which operates on the blockchain. It has been the grandfather to all of the alternative coins that followed in its steps over the course of the years. Without Satoshi Nakamoto ever starting the blockchain we might have not be here typing this article today. We are not saying that this would have been impossible simply we cannot know for a fact. Needless to say one thing that we humans love is to get a little gamble on every now and then. We are dedicating our following article to share some things that you should know about bitcoin gambling.
Fast Winnings Distributions
Yes this is one of the driving factors to why you should gamble in bitcoin and that is the fast payments that this cryptocurrency offers. We bet that every one of you reading this piece right now has been stuck waiting on their withdrawals from the FIAT casino at least once close to a week. With bitcoin such thing is close to impossible, it would require a spike of huge backlog in the transactions in order for your transfer to be stuck on pending for such periods of time. On the average it takes about ten minutes for one bitcoin block to be generated and this is exactly how quickly you can be at liberty to use your bitcoin gambling winnings for whatever you please.
Bitcoin Gambling is Anonymous
Next driving factor in the huge popularity of bitcoin gambling is the fact that transactions are virtually impossible to be pegged to any specific individual. Now whoever doing that must know your each and every bitcoin address in order to say for certainty that this bitcoin belongs to you. The most information that anyone can scoop out on the transactions from looking into public ledgers is the destination of where the coins end up or which platform did they move out from. Now if you are using a coin mixing service or a platform such as coinbase which relays all of their coins through hot wallets then the individual trail will be lost in the matter of one block. This helps players to stay under the radar when it comes to bitcoin gambling.