Ethereum Casinos - Helpful Guide for Gamblers Using Ethereum

Founded in 2015, Ethereum is the world’s leading programmable blockchain and features a native cryptocurrency called Ether (ETH).  Ether has become a widely accepted currency on gambling sites. Ethereum is available everywhere in the world and making a deposit may take anywhere from a few minutes to a bit less than an hour to process. Ethereum is a cryptocurrency that resembles Bitcoin, which allows for fast, international, and anonymous payments. Because of this, it has become the currency of choice for many gamblers, and online casinos now accept Ether for deposits and withdrawals. Currently, a major downside to gambling with Ethereum is that each bet takes a lot of time to process. Due to technical reasons regarding the security of the blockchain, each bet requires at least 1 block confirmation (roughly 15 seconds) before the winning bet can be decided. For larger bets, it is possible that the wager can only be processed after several block confirmations, which could take many minutes.