Of course, Bitcoin is the most recognizable cryptocurrency in the world. Many people started buying Bitcoins, selling them, and making payments with their help, ever since this currency appeared. More than that, many online casinos started using Bitcoin as their main payment option. Apart from Bitcoin gaming websites, Ethereum casinos are also popping up almost every week, which means they are really popular nowadays. However, do you know what is Ethereum is? Even if you have heard of it before, we bet you still don’t know many interesting details about it. That’s why HolyMoly Casinos will help you to sort everything out.
So, what is Ethereum? If you say it’s a type of cryptocurrency, that would not exactly correct. In fact, Ethereum is a platform based on the blockchain technology, where all the cryptocurrency units are tracked with the help of special computer programs. This complicated system ensures all the transactions made inside of it are safe and secure. Ethereum was introduced to the public in 2015. But its launch dates back to 2013, when Vitalik Buterin decided to create a network, which would be similar to Bitcoin, but more flexible and functional.
The Ethereum network is known for what is called “smart contract.” To make the thing clear, every transaction inside the network is accompanied by the smart contract, which actually contains the terms and agreements and ensures their execution.
However, these smart contracts can’t start working without one more element, which is called Ethereum Virtual Machine (EVM). This is a computer program inside of the Ethereum network, which launches smart contracts and isolates them from any other system.
Okay, now you more or less know what Ethereum is. You might wonder why we haven’t told you anything about the cryptocurrency itself. Remember we mentioned “Ether” a bit earlier? Well, this is the name of cryptocurrency. In other words, Ether is cryptocurrency used inside the Ethereum network. All the elements of this network are being combined and ensure fast and secure transactions that remain highly anonymous. No wonder so many online casinos started using Ether as the payment method.
Pros and Cons of playing in an Ethereum-friendly casino
The very first Ether gambling sites appeared not so long time ago, but we can already see all the advantages of playing in these casinos. Here are the main of them:
However, HolyMoly Casino also wants to warn you about some disadvantages of playing in Ether online Casinos:
The Best Ethereum Casinos List 2018
If you have decided to start playing at one of the Ether online casinos, you should make a right choice when looking for these casinos. Actually, there are not 10, and not even 20 Ethereum Online Casinos, so that this task might be not so easy. That’s why HolyMoly Casinos is here to help you find the best Ethereum-friendly site. We reviewed many casinos taking into account their reputation, the level of security, the number of Ethereum casino games, the support service, the Welcome Bonus, and many other important aspects. After many hours of discussions, we selected 5 ETH casinos, which received the highest ratings and would suit all your needs wants.
Now, take a closer look at them:
Ethereum is a relatively young network of crypto-units and it has a good chance to become as popular as Bitcoin. Though there are not so many casinos yet that accept Ether, we have reviewed dozens of them, and selected only the best ones. So, just pick one from our list and feel all the advantages of playing at it.