Austin Smith

Why Online Casino Malaysia gambling coins should bet on Bitcoin Cash

Online casino Malaysia

Nowadays, Cryptocurrency, especially Bitcoin, holds particular appeal for the gambling industry. After all, the first idea of digital currency and blockchain network’s first applied in poker and has been a new online casino trend until now.

For years, the online gambling industry has been plagued with misguided government policies that aim to protect state-owned gambling monopolies and restrict a citizen’s freedom to decide how to spend their entertainment dollars. And with the complexity of bitcoin, we can all be sure that once the funds is cleared you can play safely. And that means you have kick your feet up and relax while you indulge in your gambling needs on the popular 918kiss online slots also known as the popular SCR888 online slots.

First-mover advantage

There’s no denying that the Ethereum had the first-mover advantage-at least when it comes to Online Casino Malaysia tokenization. Ethereum is basically a feature that’s already currently available with Bitcoin .Besides that, Ethereum does not scale or work as a cryptocurrency. It’s also plagued with numerous security issues, from IoT malwares to “accidental” kill commands and eclipse attacks, as well as vulnerable smart contracts. Which allow anyone to verify anything that goes behind the scene. This means that online casino players can have a much more honest and open online gambling experience. To this date, several iGaming operators have turned to their versions of a decentralized coin that puts control in the hands of players.

Possibly the most popular among these dedicated tokens is Unikrn’s UnikoinGold, a decentralized ERC20 token and the offshoot of the virtual coin Unikoin, which the eSports betting platform launched in 2015. Another gambling token is HEROcoin, developed by online eSports prediction platform Herosphere. HEROcoin automatically takes a 1% minimum of the initial pot in any contest and gives it to the community.

Other gambling platforms like Australia’s 1xBit and BitStarz opted to make things easier for their players-they simply switched over to Bitcoin Cash.

That’s not surprising. Bitcoin Cash, the only true Bitcoin and the world’s functional cryptocurrency, can do everything all the other platforms can do and more. Recently, Bitcoin has underwent a new network upgrade, which increased the block size to 32MB and also restored certain OP-Codes for advanced functionality. In fact, thanks to the re-enabled OP-Codes Bitcoin Cash is now on its path to its first-ever “atomic bet” on the blockchain.

It’s worth nothing that there’s no solution available (for now) to help operators migrate their ERC-20 tokens to Bitcoin Cash, although it’s one of the priority projects in nChain’s to-do list.

We are getting this question often lately (how to migrate ETH tokens to BCH). There’s no solution yet as it requires first having a BCH token solution, and then after that, a solution to migrate ETH tokens to the BCH token, nChain CEO Jimmy Nguyen told CalvinAyre “We know there is a market demand for this and we plan to create a solution”. Basically, if you support the idea that Bitcoin Cash-based tokenization solution is the new generation currency, CoinGeek is running a £5-million contest for designs that will put tokenization on the BCH chain. And good news the contest is still on-going, with an adjusted reward and terms, to enable other solutions to also be developed and released open source on the BCH platform. You can get more information about CoinGeek tokenization contest on CoinGeek homepage.

We encourage all gaming companies to take a serious look at Bitcoin BCH, as it’s the best on the market for payments and will soon be best of breed in all other areas, including smart contracts and tokens.

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