BitcoinCasinos.Cash explains what bitcoin is and how it functions on the blockchain. Originally proposed by Satoshi Nakamoto, bitcoin is a peer to peer electronic cash system that provides a ledger of all bitcoin transaction in a database called the blockchain. Each time a bitcoin transaction take place, the details of the transactions and encrypted and the transaction is added to a group of transactions called a block which are then sent out to the bitcoin network. In order for the transaction to be verified the encryption must be solved through a series of confirmations from the network. This process of decryption of blockchain transactions is known as bitcoin mining. This is actually how bitcoins are created. Each time a block is successfully mined then a reward of bitcoins is sent to the computer that successfully solved the encrypted transaction and verified it to be a legitimate bitcoin exchange.
What are Bitcoin Casinos?
Bitcoin Casinos are online casinos that accept bitcoin deposits and allow people to wager on casino games with BTC and BCH (Bitcoin Cash). There are a number of online gambling websites which now accept bitcoins and they are becoming a popular trend with online gamblers. Bitcoin casinos have been around for several years already. The latest kind of bitcoin gambling sites to arrive in 2017 are bitcoin cash casinos. A bitcoin cash casino is an online casino that accepts bitcoin cash deposits and allows for wagers to be placed using BCH. There are other popular cryptocurrency casino sites as well like Ethereum, Litecoin and Bitcoin casino websites. Read more about Ethereum casinos on our review of Ethereum Casino US.
Recommended Bitcoin Casino
Bovada Casino is our most recommended online casino for betting with bitcoins. Bovada offers bitcoin slot machines, blackjack, baccarat, roulette, craps, video poker and almost any type of casino game that you can play, wager and win real bitcoin.