Aaron Decker | Bitcoin Slots.us

More iGaming Innovation Expected as Demand for Crypto Gambling Rises

Posted on December 3, 2020December 1, 2020 by Aaron Decker

2020 has been filled with a lot of highs and lows – well, mostly lows. One of the sectors that showed its might throughout this year was internet gambling. While the transition to online gambling activities was mainly catalyzed by the coronavirus pandemic, experts were already projecting a lot of good things for the gambling industry.

Unsurprisingly, there was a significant surge in the demand for online gambling services and this not only resulted in significant revenue bumps for the sector but also saw the launch of a ton of amazing innovations.

Some of the areas that we have seen a ton of impressive developments are in the gambling dApps scene which is just beginning its journey. While the numbers that these new forms of gambling apps are attracting are still not quite as big as what traditional iGaming solutions offer, they come with a new or untapped audience that is definitely going to push the industry forward.

The main attraction of the dApps is that they offer something that other traditional mobile apps are not able to – that is, they allow the users to play from anywhere using their smartphones. We are headed towards a future where crypto-powered online gambling will be the norm. Thanks to the robustness of the new solutions as well as the fact that they are very hard to censor gambling dApps have a massive following that is expected to grow even bigger in the coming years.

Key Innovation Areas

Digital currencies and other elements of the crypto sector are being championed as the future of online gambling. The promise of a ton of new opportunities and possibilities is primarily driven by the belief that more innovative use-cases and applications of the technology will be realized along the way.

As you may have already noticed, there are some key areas whose development will drive the industry forward. These include the support for micropayments, easier onboarding as well as the demonstration of provably fair gambling. There are already lots of efforts being pursued in this regard but it will certainly take a bit of time.

A Few Setbacks

Crypto has come a long way since the late noughties and all of the advancements in the sector have proven to be very useful. Even so, it still is not quite there yet. To begin with, mainstream adoption still seems to be a few years away at best. Moreover, such issues as blockchain scaling are still impeding broader adoption.

Betsoft Inks Content Supply Deal With CryptoBet

Posted on November 3, 2020November 2, 2020 by Aaron Decker

Renowned gaming content service provider Betsoft Gaming has recently entered into a lucrative supply deal with CryptoBet, one of the most highly-acclaimed crypto gaming platforms on the planet. As per the terms of the agreement, Betsoft’s robust portfolio of games will now be available to CryptoBet’s customers.

Needless to say, this is pretty exciting especially considering just how good a reputation Betsoft has in the world of gaming. Betsoft has been known to offer a solid range of award-winning online casino games to all of its partners. CryptoBet will now have access to the same high-quality offerings that the company has in store.

While it just launched in 2019, the RTG Global-owned and operated CryptoBet has quickly gained a lot of popularity among gambling and crypto enthusiasts. Players can use any of the 16 cryptocurrencies on the iGaming platform to process both withdrawals and deposits. In addition to allowing its customers to place bets using digital currencies, CryptoBet further integrates more conventional gambling formats, a feature that is meant to make it appeal to an even wider audience.

Since it is a growing online gambling business, CryptoBet is a great partner for Betsoft. Both companies have some pretty ambitious growth plans and by working together they have a much better chance of succeeding.

“We are delighted to be in business with Betsoft Gaming. The quality of their games is acknowledged worldwide. We are confident that the integration of their slots to our site will be successful for both companies.”
Pablo Quirós, General Manager at RGT Global.

Further affirming the company’s delight at acquiring a new partner, Betsoft Gaming’s marketing manager Kai Botha said that the partnership is very much in alignment with their “global development strategy.”

Amazing New Releases from Betsoft

Betsoft is always innovating and adding new titles to its portfolio. The company has just ushered in a new month by launching a brand-new online slot game. Miles Bellhouse and the Gears of Time, the new game, features some of the best-in-class graphics, super smooth animations as well as outstanding themes that will make slots enthusiasts immediately fall in love with it.

Miles Bellhouse and the Gears of Time will become officially available to the game developer’s partners on November 5. The rollout may occur in phases but there is a pretty huge chance that all of the gaming operators using Betsoft’s software will have the game in their catalogs in a few days or weeks. Hopefully, CryptoBet, its new partner, will be one of the places where the new and exciting slot game will be available.

DAOWallet and the Quest to Make Crypto Gambling Better

Posted on October 3, 2020October 1, 2020 by Aaron Decker

Ever since it launched, DAOGroup has been very aggressive in its pursuit to deliver viable and innovative solutions to a number of the problems that continued to plague the crypto space. The launch of DAOWallet was part of these efforts and this has since grown to become an integral part of the budding ecosystem.

What Is It?

As you may have already guessed, DAOWallet is a digital currency wallet. Launched in early 2020, the cryptocurrency wallet has proven to be a revolutionary product especially with regards to its position as a bridge between digital currency and fiat currency for users all around the world. The wallets users can now enjoy instant currency swaps when they are using EUR, BTC, USD, ETH, TUSD, and USDC.

DAOWallet offers two account types. One is for individuals and the other is for businesses. All of them will have access to the same core features such as being able to store their funds in cold storage. For businesses this is very useful for growth and security – the cryptocurrency wallet conducts monthly audits in order to eliminate any loopholes that may be exploited.

What This Means for Online Gambling

For many online gamblers who have been holding out on using crypto, DAOWallet gives them a very compelling reason to finally join the bandwagon. By stabilizing the prices of crypto coins, the wallet protects both individuals and businesses from volatility. They do this by simply converting all of the incoming transactions with the most favorable market.

Also worth noting is how easy it is for businesses including gambling operators to integrate with DAOWallet. As if that is not enough, iGaming operators and other kinds of businesses also get to enjoy many other perks including competitive fees for deposits and withdrawals – there are chargebacks or rolling reserve for this.

“In essence, DAOWallet offers a simple, clean solution for partners wanting to integrate crypto payments into their casino brands. We do all the heavy lifting and compliance work at our end, so operators can work hands-off on the payments side and focus on driving acquisition to a new audience of crypto users.” DAOGroup’s CCO Glen Bullen commented.

DAOGroup has so much planned for DAOWallet. The platform has recently inked a major partnership with MoneyMatrix and there are several other unspecified partnerships in the pipeline. Additionally, even more improvements will be arriving for DAOWallet in the near future. Perhaps this is a sign that the cryptocurrency sector is ready to take the next leap towards mainstream adoption.

ESPN Announces Blockchain-Powered iGaming Platform

Posted on August 3, 2020 by Aaron Decker

ESPN which is one of the most recognized names in the eSports and gaming space has recently announced that it has launched a new blockchain-powered online gambling platform. The new platform is a robust next-generation gaming environment that not only allows users to leverage the full range of blockchain’s capabilities but also lets them tap into the world of digital currency. This means that players will be able to deposit funds into their accounts and withdraw the winning using Bitcoin and several other digital currencies.

The payments will be powered by Cryptopay, a renowned player in the crypto space. Cryptopay was chosen specifically because of the success it has had when it comes to makes digital currency payments a lot simpler, swift, and secure.

What to Expect

When ESPN Global first hinted at the new offering, it said that it was prepping a platform that would consolidate the most popular games into a single application for crypto prizes. Its plan was to use blockchain technology to decentralize both verification and support for transactions. Now, it seems that they have achieved all that.

Now, players are able to enjoy all the perks of the blockchain and digital currencies while still having access to top-notch online gambling experiences. Users of the platform are able to choose a game or even join other players to compete in real-time – here, the players with the highest scores are the ones that are awarded.

One other feature that many players will certainly appreciate is the premium membership offering. This allows some customers who are part of it to have priority access to slots as well as early access to some of the most popular games.

ESPN Global has also integrated Satoshi’s Treasure, a recently launched game into the platform that offers mind-blowing prizes to the winners. In addition to the game, the operator will also be giving each of its players airdrops of its Smart Gaming Token (SGT) as gifts. Now, that is not something that you will want to miss out on.

The Growth of Crypto-Powered Gaming

Needless to say, online gambling has been on the rise and it is increasingly integrating other technologies. Digital currencies and blockchain have become the leading technologies for many online gambling businesses simply because they offer solutions to some issues that have plagued the industry for a very long time.

With huge brands such as ESPN Global now leading by example and showcasing just how useful the crypto-ecosystem is, the growth of crypto gaming is certainly set to pick up the pace. Its been over ten years since Bitcoin, the first cryptocurrency, came to be, and perhaps it is finally going mainstream as originally intended.

CryptoSlots Donates Thousands of Dollars to Direct Relief

Posted on June 3, 2020June 3, 2020 by Aaron Decker

Many industries and economies across the world are still reeling from the effects of the coronavirus pandemic. There are, of course, some industries or businesses that have been able to keep operating, and some of them are all about helping people pass time while in lockdown. Thankfully, many of these businesses have been doing more than just offering people ways to kill time.

Needless to say, beating the pandemic is a collective effort and thus it is very nice to see that even the gaming industry has been playing a role in the efforts. CryptoSlots, one of the most popular crypto-powered betting platforms in the United States has not been left behind. The company has over the past month been running the Micro Monsters Donation Campaign which is aimed at helping in the fight against COVID-19.

The company has recently donated nearly $15,000 to Direct Relief, a charity organization that works both in the United States and internationally. In the areas where it has access to, the organization tries its level best to equip medical professionals with essential medical resources as they continue taking care of people in various medical facilities.

Direct Relief has been running the COVID 19 Relief program for a better part of the year in a bid to assist health workers in the frontline on the fight against the coronavirus. Their aim is to ensure that the health workers are protected and that the affected individuals receive the best care possible.

Spinning the Reels for a Good Cause

Crypto Slots has given its customers the opportunity to play a fun and exciting game while at the same time participating in the fight against COVID-19. Every game you play has, therefore, in one way or the other, contributed to the donation. All of your spins will go to a good cause.

“We felt it was time to step up and help those who need it. We are so grateful for our players’ support in this effort. They kept those reels spinning and made a meaningful contribution to a group that’s supporting frontline workers and helping the neediest… Hopefully, this contribution will make a difference to those on the front line, as well as providing entertainment to those doing their part by staying at home.”
Michael Hilary, the manager of CryptoSlots.

Since its debut in the online gambling space back in 2018, CryptoSlots has gained a reputation for being one of the most revered crypto-based gaming sites. It is known for its top-of-the-line games as well as some very lucrative bonuses and promotions. Micro Monsters is no different – every slot player will certainly have fun with the game and all of the amazing features that it has to offer.

How COVID-19 Has Impacted the Global Crypto Market

Posted on April 3, 2020 by Aaron Decker

The whole world is currently feeling the pinch of the coronavirus pandemic that has resulted in major economic disruptions. That said, regardless of where you are in the world, you will certainly be affected by this in one way or the other. Both individuals and several industries are reeling from the effects of the economic slow down brought about by the virus and it gets even worse due to the uncertainty that is it is associated with.

The cryptocurrency sector has not been left behind. Just like many other industries including travel, hospitality, gambling, manufacturing, and tourism, the crypto industry has had to deal with several issues. There are lots of implications that have to be put into consideration.

The Bad

After the World Health Organization (WHO) declared COVID-19 a pandemic, there was a significant drop in risk assets with the stock market reporting some of the worst stats in over 10 years. A lot of these risk assets took a hit and crypto was one of them. This can be seen by price drops that were reported for several digital currencies including Bitcoin.

Fortunately, the assets have managed to recover some of their losses the biggest casualties have thus far been the smaller projects. While more popular cryptocurrencies like Bitcoin and Ethereum might get to recover and even see upticks in their usage, the smaller crypto projects will certainly get the short end of the stick.

To make things even worse, due to the cancellation of most social events and closure of several markets, raising capital is now much harder than it has ever been. Not only are there any meetings to discuss possible investments but the investors are also much warier about what they invest in again due to the uncertainty about the future.

The Good

All is not lost though. While the pandemic is definitely not something to be taken lightly, it has allowed for a number of stablecoins to shine. Currencies like Bitcoin are being pulled off exchanges as more people are considering them as vital stores of value that can help them get through these tough times.

Besides that, we have seen significant contributions from the cryptocurrency community towards efforts to fight and contain the coronavirus outbreak. Companies in the sector like Binance have donated funds amounting to millions of dollars towards such efforts and these contributions are bound to make a huge difference in both the long and short terms.

Scientific Games Leverages Power of AI Through Vaix.ai Partnership

Posted on March 3, 2020 by Aaron Decker

Scientific Games Corporation, one of the biggest gaming technology solutions developers in the world, has recently partnered with Vaix.ai which is an Artificial Intelligence (AI) engine provider. The partnership is part of Scientific Games’ new bid to offer more custom-tailored gaming experiences to anyone who uses its products and services. There will be particularly a lot of focus on personalized wagering experience with regards to custom betting choices for each player as well as personalized online gaming and sports betting recommendations.

The areas of focus for the new partnership will be the OpenSports and the OpenMarket product suites, both of which are very popular among Scientific Games’ partners. These two product suites will now take advantage of Vaix’s expertise in Artificial Intelligence (AI) in order to give the players much better gaming experiences.

Personalization is a core component of the plans to integrate AI. This is attributed to the growing number of online gamblers which has been accompanied by immense growth of data. This means that, without the appropriate tools and technology, it is virtually impossible to crunch the data and use it in a manner that is beneficial to the customers especially when it comes to giving them personalized experiences.

“Help for the user to find their favorite team’s game, or to see what’s going on in one’s personal favorite league, is often not going beyond targeted banners based on pre-selected user segments, or the often-hailed, but rarely used, ‘Favorites’ feature,” Vaix.ai CEO and Co-Founder Andreas Hartmann commented.

The partnership will see to the delivery of a lot of perks such as real-time sports, league, team, event, and market recommendations. All this will be based on data collected about the preferences and tastes of each individual customer.

More Integration to Come

It goes without saying that online gambling is still on the rise and there is a huge technological gap that has been credited due to that. Artificial Intelligence has proven to have a lot of potential in other industries which makes it a viable choice for gambling operators who are looking to go a step further in their quest to attract more customers.

Customer experiences are the main focus of AI integration with gambling platforms but that is just the beginning. Aside from delivering better and more personalized experiences, the gambling operators and regulators have also been utilizing the technology for more noble things. One of these things is the prevention of gambling-related harm which has become quite a big deal due to the rapid growth of the gambling industry. There are several other possibilities as well and we will get to see them in action in the not-so-distant future.

Faster Payouts Coming with Blockchain for Online Casinos

Posted on February 3, 2020 by Aaron Decker

The global online gambling industry has been on the rise over the past several years and its upward trend is expected to last a few more years. As much as the industry is on a roll and is growing at a very fast pace, it has still been plagued by a number of challenges. Both the online gamers and the gaming operators have felt the pinch of these shortcomings. One of the most notable ones is the noticeably slow payouts that have left gamblers frustrated and the gaming operators without customers.

Thankfully, several solutions are being considered for these challenges and the blockchain is perhaps one of the most popular ones. This is simply because the technology has bee marketed as the best possible solution for challenges pertaining to quick payouts and greater transparency.

The credibility of many online casinos has been questioned despite the growing number of users and online gambling platforms. In essence, this means that both the customers and the operators are not able to fully capitalize on the growth. Features such as Trustless gaming are increasingly becoming important buzzwords in the world of online gambling and with time, they might just define how every gaming operator works in the future.

Cost Reduction

Hidden fees are still one of the biggest challenges that customers face when making withdrawals from their online casino accounts. These extortionate charges are often not justifiable and may dig deep into the players’ winnings. No one wants that.

Aside from the fact that blockchain transactions are meant to be superfast, there is also a lot of optimism that it will play a big role in reducing the fees gamblers are charged by a fairly huge margin. Digital currencies are increasingly becoming viable payment options in both the world of gambling as well as in other sectors and this perhaps the first step towards affordable transactions.

Revolutionizing Online Gambling

Online gambling has indeed come a long way since it was conceptualized and the first online gambling platforms launched. Now, it seems like the industry is ready for yet another revolution as the sector goes through massive evolution especially with regards to the operation of the gaming sites. Blockchain and crypto are becoming an integral part of our online gaming experiences and even though they are just beginning to take off, their potential impact can already be felt. Fair, transparent and affordable online gambling is making a comeback like never before.

MintDice Extends Investment Perks for Its Customers

Posted on December 3, 2019December 3, 2019 by Aaron Decker

Renowned bitcoin casino MintDice is considered to be one of the best crypto-based gaming platforms on the planet. It is also a top contender in the general online gambling space that is dominated by a number of popular gaming brands with vast amounts of resources and several years’ worth of experience. The online gaming platform attributes its success in the gaming space to its dedication to bringing the best of innovation and creativity to its users. One of the ways it has done this is by giving its customers the opportunity not just to play but also invest.

MintDice which has a reputation for offering the best bitcoin dice and bitcoin slots games leverages the power of digitization to serve its users. Digital currencies such as bitcoin are loved for the transparency they provide as well as the applications that they can support. That said, MintDice is offering the customers an incentive to enjoy crypto dice and slot games while at the same time earning from their digital currency investments.

The casino has recently doubled down on its efforts to promote its investment product allowing customers to play while enjoying nearly double the chances of winning.

Play and Invest

As mentioned earlier, MintDice is already a stellar online gaming platform and you will definitely not go wrong if you choose it. With its investment feature, the casino’s customers do not have to worry about being the casualties of quick and significant successive losses. The online casino basically offers a risk mitigation feature that effectively protects the platform from such kinds of external pressures.

The online casino currently offers its players a total of three types of risk-free investment opportunities. These are:

Crowdfunded Bankrolls

By part of these bankrolls, players will be able to participate in larger bets. This allows the customers to enjoy huge profits but within some rather lower pays. With this, landing a huge win from a relatively small bet is possible. How amazing is that?

Masternode or Staking Investment

This is a risk-free investment opportunity where the MintDice customers are able to easily make investments in the shared Masternode pools. From these modest investments, the players can then expect to receive handsome payouts from MintDice’s profits. The amount of payout received will, of course, depend on the player’s share size.

Be The Bank

This is another special risk-free investment opportunity where the users are guaranteed a no-risk payout opportunity. They receive 15 percent of each of the bets placed on the online gaming platform and the amount received is based on their share of investment.

BitBoss Launches Tokenized-Powered Casino Tokens

Posted on October 3, 2019October 2, 2019 by Aaron Decker

Casino blockchain app BitBoss last month launched the very first casino tokens on the Tokenized Protocol for mobile gambling. The move, though relatively subtle, is set to completely revolutionize the gambling experience on the blockchain.

For this venture, the real money gaming solutions developer has leveraged Bitcoin SV. This has been achieved by embedding the casino blockchain app’s baccarat and lottery games within a dedicated Bitcoin SV (BSV) wallets. These games can be powered by either the native BSV tokens or custom tokens – a great example of custom tokens will be those that are created and branded specifically for use in a single casino.

Thanks to the utilization of the BSV blockchain, the platform enables provably fair gambling with both the bets and results being written to BSV transactions. On the same note, the payments are adjudicated and administered by smart contracts and to complement this, double-spend protection has been built into the platform.

How Does It Work?

Alex Shore, the co-founder, and CTO of BitBoss recently wrote a post that describes exactly how the platform makes use of smart contracts to process both bets and transactions. According to the post, as the players’ bets are sent to the Bitcoin SV blockchain, one of the smart contracts that are designed for BitBoss will process the bet before placing its results as well as the payout transaction back onto the chain.

“They include their double-spend prevention technology when using native BSV, and leverage Tokenized’s double-spend prevention when bets are placed using a custom token,” Alex Shore’s post reads.

Now, the company is focusing on integrating slot machines, a move that will allow slot machine lovers to directly send tokens between the slot machines and their device wallets. For this venture, there is a major emphasis on mobile games which have been growing in popularity all across the globe.

Bitcoin Genesis Upgrade on the Horizon

To further improve the player experience, BitBoss is also now taking steps to ensure that their software will transition smoothly and seamless into 2020. To that effect, the company has recently announced that they will be upgrading their Keyring libraries in order to support the new OP_FALSE OP_RETURN script type. As it turns out, this is a totally mandatory step since Bitcoin SV will be returning to the original Bitcoin protocol with its 2020 Genesis upgrade.

This move was primarily influenced by advice from the technical director of the Bitcoin SV node project, Steve Shadders. In many ways, by updating their own code this early own, BitBoss will be getting months of the shift while keeping its services running for their customers to enjoy.

Author: Aaron Decker