The term “crypto casino” has surfaced very recently. Before that, you may have heard of Bitcoin casinos. Needless to say, the massive popularity and worldwide acceptance of Bitcoin as a crypto is the reason behind it.
But on this page, we’re going to keep it crypto casinos because we don’t want to discriminate between them. So, what is a crypto casino anyway?
The most logical and accepted approach as of now is that the brands that utilize blockchain technology to manage and host the games are crypto casinos. As a result, the regulations and restrictions prevalent in regular online casinos are alleviated to an extent.
Every time you hear about a new crypto online casino, you may have heard the term “provably fair”. If you haven’t, it’s completely fine because this term is yet to get worldwide recognition.
If you’re confused about how a provably fair casino may work, think of it as solving a mathematical equation where you’ve provided one of the variables.
If you remember math tests back when you were in high school, teachers created all the problems. But things would become easier if you could draw up half of the problem, wouldn’t it?
Although the concept doesn’t entirely carry over to crypto new casinos, you get the idea, right? In a provably fair casino, you can participate in the hashing process by entering a “seed” of your own. It results in better credibility and fairness for the players.
Now, there’s another angle that some of you may have thought of. At least we did. When we say a new crypto casino online, it can be a completely new brand, a brand that’s recently been branded as crypto, or a brand that started operations recently in Nigeria.
Whatever the case is, we can label the operator as a new crypto casino online for all accepted players.
Let’s move on to the features of these online casinos and what you can expect in terms of games and licenses.