Bitcoin casinos have forever altered the online gambling landscape. In fact, the global gaming market is expected to reach the $65 billion mark by 2027 at a record-breaking CAGR of 70.3%. The basis for such a mind-boggling growth lies in the gaming innovations that came along with BTC online casinos, or better yet, the blockchain technology powering them.
A proprietary feature of Bitcoin casino software solutions is the provably fair technology that allows players to verify the outcomes of every single game played. In this article, we will explore the revolutionary features of BTC casino software and its implications for the rising world of online gaming.
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Understanding Bitcoin Casino Software
Bitcoin casino software is an innovative crypto-gambling platform that relies on the use of Bitcoin and other cryptocurrencies to power secure and lightning-fast transactions.
Usually, Bitcoin casino software includes native payment systems that allow players to make deposits and withdrawals via Bitcoin and directly through their crypto wallets, as well as crypto-friendly game providers, in-game currency conversions, loyalty and bonus systems, and all other features necessary to run a successful Bitcoin casino.
The rise of Bitcoin and altcoins has brought about an additional level of anonymity when gambling. There’s no need for players to disclose banking details to casinos when making payments, given that all transactions happen between encrypted crypto wallets.
Moreover, the blockchain technology behind BTC offers a virtually impenetrable network of transactions and data that no other fiat currency system can match. In recent years, we are witnessing a growing number of decentralized casinos working on open-source applications developed on the blockchain network and programmed using smart contracts.
With dApps, information is stored on the blockchain, which ensures a maximum level of security.
The Rise of Provably Fair Gaming
Among the most significant perks that came with BTC online casinos is provably fair gaming. Thanks to a provably fair algorithm, players can verify the results of their game. The check itself requires some soft tech skills since you will have to use the encrypted codes of the hashed server seed and the client seed produced by your web browser to make sure every game round is entirely fair.
Still, there are online tools like Xorbin that can help you perform the verification, so you don’t have to do it manually.
No games other than the provably fair ones can deliver such a level of transparency and security. They are completely based on cryptocurrencies which facilitate fast transactions and guarantee the safety of the gaming session.
Some of the provably fair games you can encounter in casinos such as Stake include Plinko, crash games, video poker, and classic casino table games like baccarat and blackjack.
Immersive Gameplay and Interactive Features
Innovative technologies like Virtual Reality have found a strong foothold in BTC casinos. Through VR headsets, players can explore the virtual surroundings of online casinos, interact with objects as if in a real brick-and-mortar casino, and even interact with other players, thus bringing the social aspect of casinos to the digital world.
The integration of VR tech in crypto casinos also leads to more widespread use of blockchain-based technologies, like NFTs, that can serve as a way of rewarding players through various collectables and in-game tokens with actual value in real life.
In fact, VR technology is one of the most critical facets of metaverse casinos that blend cryptocurrencies, NFTs, and Web3 technologies of the future that have the potential to take the gaming experience to an even higher level.
Integration of Cryptocurrency Payment Solutions
When launching Bitcoin casinos, operators usually opt for turnkey casino software solutions where the product can be ready for launch in under two months. The package includes payment systems that support not only BTC but other cryptos as well.
Those payment systems allow players to interact with the casino’s crypto wallet as they would with any other user, so there’s no need to complete complicated KYC procedures before being able to fund their gaming accounts.
Furthermore, BTC casino software comes with advanced reporting systems, integrated CMS platforms, and many other features that ensure the casino’s smooth operation.
Still, operators can choose to simply integrate third-party cryptocurrency payment services such as BitPay, CoinsPaid, and SoftGamings’ PayCryptos. These systems, like PayCryptos, can easily be integrated through a unified API in record times.
With CoinsPad, for example, you can save up to 80% on fees when compared to traditional PSPs and boost your conversion rate up to 35% thanks to fast processing speed and low costs, which no fiat casinos can match.
The Role of Artificial Intelligence and Machine Learning
Online casinos operating solely on fiat currencies are missing out on the potential of Artificial Intelligence (AI) and Machine Learning (MI) systems.
These technologies allow operators to give users a more personalized experience by tracking and analyzing their gaming preferences so that they can offer them games they will sure like or unique bonuses that suit their gaming styles.
Through this sort of personalization, players will surely keep betting and playing more, resulting in bigger revenue for the BTC operators.