Ethereum is a cryptocurrency that came into existence in 2015. It allows users to send and receive payments through the internet without a middleman, taxes or regulations, kind of like bitcoin. iDice has become the leader of the Ethereum gambling market.
Some facts unknown about Ethereum may surprise you. Ethereum was completely financed through crowdfunding. Just like many creators do when they have an idea, they turn to a crowdfunding source to get the money needed for development.
Ethereum originally began as paper. When Vitalik Buterin first came up with the idea he described it in a white paper. Amazing how a small idea on paper has turned into a billion-dollar business.
The way ether is designed makes it virtually impossible for it to fall victim to scams. This it’s impossible because every smart contract must be verified by the users. Because of this feature, online gambling with ether has become the safest way to gamble.
Ether is the second largest cryptocurrency available for gamblers, but leas as the most secure. The only downside to Ethereum blockchain is the speed at which bets can be placed. It takes several minutes for confirmation of a transaction before the outcome is decided. As technology advances, this soon won’t be an issue.
There are various gambling games that can be played using ether such as dice, poker, and slots. Because of the growing popularity of Ethereum, sites like iDice have become a big hit for the online gambling community.
The Ethereum platform is so popular with gambling that people were even making bets on the super bowl using it. You can perform any type of gambling with Ethereum just as you would with cash or any other currency or cryptocurrency.
Ethereum gambling is gambling of the future. Pretty soon, cryptocurrency will replace all physical currency. How will this change the world? Will we soon buy everything using Ethereum, or will we only continue to use it for online activities? Only time will tell but the fact is, with something that changes so quickly as Ethereum, its best to get it while you can before it starts to decline in value.