Aaron Decker | Bitcoin Slots.us

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.

Tron Bet Crypto Gambling Expansion Set for August 8

Posted on August 3, 2019August 1, 2019 by Aaron Decker

TronBet, one of the world’s leading blockchain-based platforms, has done a great job in its effort to bring blockchain technologies inherent anonymity, security, and transparency to the online gambling space. The company’s goal has always been to democratize an industry where the users have often raised concerns pertaining to arbitrary behavior from service providers.

The team behind the disruptive company has recently published details of its newly rebranded business model. This planned migration from platform’s native cryptocurrency ANTE to its new cryptocurrency WIN. The plans have already begun to materialize with 5 percent of the newly minted WIN token set to be released on August 8 on Binance. This move is part of the projects Initial Exchange Offering (IEO) which, in the world of blockchain startups, is the equivalent of Initial Public Offerings (IPOs).

WIN, the new cryptocurrency, has been designed to allocate winnings from TronBet’s house-edge along with profits from its advertising revenues to token holder. This is one of the world’s very first distributed earnings model that leverages blockchain technology. As expected, from now henceforth, the platform will be rebranded as WINk and the platform’s broad range of crypto gambling products and services will enjoy formal trading licenses from the government of Curacao and Costa Rica.

New Strategy

TronBet arguably only comes second to Bitcoin when it comes to being one of the world most successful blockchain-powered products. However, the TronBet is setting some very ambitious goals with the major rebrand that is currently on the way. Their plan is to take the platform to a wider user-base as it leverages strategic partnerships with both Binance and BitTorrent. The latter was just recently acquired by Tron for a whopping $126 million.

Now, as far as its strategies are concerned, the project has plans to expand its development so that it can accommodate payment for its services through the more traditional banking methods like credit cards and eWallets. In essence, TronBet’s transition from ANTE to WIN is set to change a number of aspects in the company’s business model over the long-term. In addition to that, the transition is also set to allow for a greater chance for the token’s price to rise fundamentally over time instead of relying on the same speculative movements that define price in the broader crypto environment.

It goes without saying that blockchain technology seems to be one of the leading ways of bringing much-needed improvements to the online gambling industry. In fact, some analysts believe that crypto and blockchain are going to completely redefine the space. TronBet clearly knows about this and it is working quite hard to ensure that it is a part of this revolution.

BitcoinCasino.io Adds New Gaming Providers to Its List

Posted on June 3, 2019June 1, 2019 by Aaron Decker

Having started as nothing more than a simple crypto casino, Bitcoincasino.io has grown tremendously and is now considered to be among the top online gambling domains thanks to the outstanding products and services that it offers both digital currency enthusiasts and fiat currency users. Licensed by the government of Curacao, the crypto casino is not only legitimate but also assures all customers of safe and secure gaming experiences.

Bitcoincasino.io has been at the forefront of the crypto gambling industry for quite some time now and this is mostly because of the partnerships that the company has formed in the past. Now, it boasts of games from a total of 26 different software providers. This number continues to grow as the crypto-powered gaming operator partners with more software providers.

Partnership with Evoplay Entertainment

Most recently, Evoplay Entertainment has signed a lucrative supply deal with Bitcoincasino.io, a move that will give the leading online gaming platform the go-ahead to feature some of the most highly sought-after games in the online gambling industry.

Over the years, Evoplay Entertainment has morphed from its relatively humble beginnings to become one of the biggest online casino gambling solutions on the planet. Last year, the company flexed its innovation muscles when it became the very first software provider to unravel a 3D/VR slots game. In addition to that, the platform also features an impressive portfolio of more than 50 slots, table games, and instant games.

For slot lovers, Evoplay Entertainment’s titles are among the best in the industry – its collection of 57 titles will undoubtedly make the gaming experience truly memorable for each and every Bitcoincasino.io customer.

Net Entertainment Games Are Available

Scandinavian-based Net Entertainment is one of the biggest software game developers in the industry and therefore the addition of its polished and extremely popular game titles to Bitcoincasino.io’s portfolio is bound to be noticed and appreciated. While slots seem to be the main priority for this particular partnership, there is the possibility that live dealer games, table games, and even progressive jackpots will also make the cut.

Yggdrasil and No Limit City Join the Fun

Already customers of the crypto casino site can access a variety of Yggdrasil’s amazing online slots – these include fan-favorite titles such as Penguin City, Rainbow Ryan, Wolf Hunters, Nitro Success, Orient Express as well as Oswin’s Jackpots which is a progressive slot title.

Last but definitely not least is renowned game developer No Limit City. Being relatively new to the online gambling industry, No Limit City has grown rapidly and the inclusion of its products on Bitcoincasino.io is proof that it is worthy of competing with the big boys of the online gaming industry. Some of the popular No-Limit City titles that are currently live on Bitcoincasino.io include Coins of Fortune, Wixx, Tombstone, Tesla Jolt and Ice Ice Yeti.

Litecoin Gambling on the Rise

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

Digital currencies have been around for quite some time now and therefore it is safe to say that at least every single person will be familiar with at least one of them. In most cases, it is bitcoin, which is considered to be the mother of all cryptocurrencies having been around for the longest time. People and businesses have used these digital currencies in different capacities as they offer an alternative to cash and cards while at the same time offering transparency and anonymity, both of which are not really readily offered by fiat currency.

While digital currencies are yet to fully replace fiat in most areas, they have grown to become very useful forms of exchange and one of the most notable applications is in gambling. Still, bitcoin is by far one of the most widely accepted cryptocurrencies on online gaming platforms. However, things are changing rapidly in this regard and even though it will be almost impossible for bitcoin to be dethroned as the king of cryptocurrencies, other digital coins are beginning to at least match up to the threshold that bitcoin has reached. One of the cryptocurrencies that are headed in that direction is Litecoin.

The Perks of Litecoin

Just like bitcoin, Litecoin relies on a specific encrypted protocol that creates and transfers the Litecoin with no central authority overseeing or managing the transactions. However, unlike bitcoin, Litecoin processes a block of the ledger every 2.5 minutes as opposed to the just a little less than 10 minutes that bitcoin takes to produce a block – in essence, this implies that Litecoin confirms transactions faster than bitcoin and this great for gamblers who prefer to have their transactions to be processed as quickly as possible.

Litecoin also utilizes a memory-based algorithm which implies that there is more memory in the Litecoin system than there is in the bitcoin system. With all these goodies that are offered by the Litecoin technology, there is bound to be a catch which, in this case, happens to be that the faster and larger memory that the digital currency boasts of are much more expensive to operate.

Even so, Litecoin has managed to offer a plethora of exclusive features that have kept users streaming in for the same. Not only did the digital currency adapt very well to new technologies, but it also introduced such features as transaction canceling which is something that other cryptocurrencies are lacking. Furthermore, player safety and security are always guaranteed but as always this may depend on whether you are playing at a reputable and recommended online gaming platform that accepts Litecoin as a form of payment.

Binance Now Allowing Bitcoin Purchase Using Credit Cards

Posted on February 3, 2019February 1, 2019 by Aaron Decker

On January 31, Binance, which is the largest cryptocurrency exchange on the planet announced that users of the platform will now be able to buy digital currencies using debit and credit cards. This will facilitate through a partnership that the exchange has recently inked with Simplex, a fully-licensed financial institution that is known for its fraud-protected payment processing services.

With this new system, the crypto exchange’s users will be able to buy Ethereum, bitcoin, and Litecoin among other currencies using Visa and MasterCard credit and debit cards with the process taking an average minimum of 10 minutes and a maximum of 30 minutes. There will also be a transaction fee of $10 or 3.5 percent of the transaction.

According to Changpeng Zhao, the CEO of Binance, the move to integrate credit and debit cards onto the platform was mainly motivated by efforts by the company to give the traders faster, easier and more accessible methods of trading digital currencies. The partnership with Simple was therefore well thought-out since it will effectively assist in bridging mainstream payments and crypto for traders all over the world.

The use of credit cards and debit cards in crypto trading is very rare since most exchanges usually refuse them altogether or charge very high transaction processing fees in order to discourage traders from using them. This is quite justifiable due to the risk of chargebacks. These occur when fraudsters gain unauthorized access to a credit or debit card then use it to buy crypto – usually, once the owner of the card regains control of their banking accounts, the credit/debit companies will issue a chargeback and the cost may then be passed on the merchant which, in this case, is the cryptocurrency exchange. Simplex is the perfect partners for Binance since it not only solves the risk problem through what they are calling a “guaranteed fraud-less payment processing” system but also because they are one of the very few companies that will absorb chargeback-related costs.

Is This the Key to Mainstream Adoption?

Binance’s long term goal has been to avail its services available to the wider public and the integration of card payments is certainly going to help with this. As parts of its global expansion plans, the company recently launched two fiat-to-crypto exchanges; Binance.je supports trading in British Pounds and Euros with crypto while Binance Uganda is supporting trading crypto with Ugandan Shillings.

“The crypto industry is still in its early stages and most of the world’s money is still in fiat. Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users,” the company’s CEO pointed out.

If crypto is going to go mainstream in the near future, there is no company that is better suited to lead the industry than Binance. The fact that it remains to be the leading crypto exchange will help a lot in pushing this agenda.

Metal and Rock-Themed Slot Machines Are Now a Thing

Posted on December 12, 2018December 12, 2018 by Aaron Decker

Since the dawn of online slot games, music has not been front and center of the general themes of the games even though it is impossible to deny the fact that sounds take the gaming experience to a whole new level. In fact, today almost every slot machine title has a special soundtrack accompanying the amazing graphics and smooth animations. But that is definitely not all. Now, there is a new trend where online gaming sites offer video slot games based on popular musicians and bands.

Almost all of the existing slot machine titles are inspired by popular culture, that is, players will come across video slot games based on sports, movies, celebrities, and other classic characters. In general, there is always something for everyone. Well, almost everyone. Innovation in the gaming space has seen to it that there is a variety of different kinds of games that players can choose from.

Music-themed video slot games are a newer addition to the online slot machine space and they are gaining more popularity by the day particularly because of the diverse nature of music and the artists themselves. Even so, metal and rock music have often trailed behind in this regard but things are changing with more developers catering to rock and metal fans through the development of video slot games depicting various elements of the culture. The choices are still rather tight but some of these slot machine games will definitely appeal to rock n roll and metal famous primarily because they are inspired by famous music icons and bands. Let’s have a look at some of them.

Jimi Hendrix

As its name suggests, this NetEnt video slot is inspired by Jimi Hendrix and is meant for people who enjoyed the artist’s music. Not only does it come with all the impressive graphics and animations that NetEnt slot machine titles are famous for but it also features a number of exclusive features that make it a truly outstanding reel spinning experience.

Guns N’ Roses

Released in early 2016 by NetEnt, this slot machine game was inspired by the band’s 30 birthday and made in collaboration with the Bravado International Group. The game is well-made in nearly all aspects and offers players the chance to experience a whole new dimension of interaction with one of the most legendary rock bands of all time. To put this into perspective, players can actually play on a live stage and enjoy spinning the reels as the crowd cheers. Furthermore, players also get to listen to the band’s music as they play.

Motorhead

This game (also from NetEnt) brings another iconic band to the palms of players’ hands. Expect to be blown away especially if you are a fan of heavy metal music.

Binance to Launch Combined Stablecoin Trading Platform

Posted on November 28, 2018November 27, 2018 by Aaron Decker

Binance, the largest crypto trader on the planet is set to release a combined market for stablecoins. This is great news for stablecoin enthusiasts not just because Tether (USDT), the most popular stablecoin is rumored to be part of the mix, but also because the sector is set to receive a lot of great publicity because of Binance’s actions – as it stands, the exchange does close to double the 24-hour volume of its nearest competitor, which makes a very great ambassador for all things crypto.

The so-called stablecoins have been all the buzz lately simply because they are pegged to solid assets such as the USD and they are growing even more popular as a number of reputable platforms have begun taking them more seriously. Tether (USDT), as mentioned earlier, is the most popular but its popularity tends to lean more towards the controversy that surrounds it.

Why Are Stablecoins Becoming Such a Big Deal?

Well, stablecoins operate based on a pretty simple mechanism, that is, a management team stores money on a bank account and this amount forms the basis of the coins that the management team of a stablecoin provider sells to its users. In essence, the system is entirely dependent on trust from its users. By trusting coin platforms, the users also have a great deal to benefit from with one of the most notable ones being the fact that they will never need to go through the lengthy processes of depositing funds from crypto exchanges back to their bank accounts anymore.

Stablecoins also allow their users to store funds in USD-denominated coins when not trading is going on hence their name. Other than Tether, there are a number of other dollar-pegged stablecoins on the market. However, even combined they are still not capable of covering the whole market once they pick up the pace of their growth. Other popular stablecoins include USD Coin and Paxos Standard. Binance believes that more stablecoins will appear from other platforms in the near future with some even being pegged to non-USD fiat currencies such as the Euro or Sterling Pounds.

Binance’s Plans

In its new joint stablecoin market venture, Binance has plans to launch a platform and there are very strong indications that Tether (USDT) will be one of them. The company further plans to change its ticker to USDⓈ with the S symbol in a circle representing specifically stablecoins on the platform.

The cryptocurrency exchange is currently actively preparing for a stable market for the new stablecoins – in fact, it appears that the company already has a solid operational scheme or plan for the period when the assets eventually begin to flood the market. This is very possible due to the very low lows that the crypto market has been dealing with lately.

Travel Far-East with CryptoSlots’ “Trip to Japan”

Posted on November 14, 2018November 14, 2018 by Aaron Decker

CryptoSlots has been making waves in both the online gambling and crypto worlds as it goes from strength to strength with some of the best crypto-powered online slot machine innovations on the planet. The Slotland-owned online gaming platform has been releasing a number of new game projects and nearly all of them have been able to deliver on the company’s mandate to give its players the very best gaming experience. Having crypto in the mix makes it even more appealing to gamblers who happen to be crypto enthusiasts as well.

“Trip to Japan” is the most recent addition to CryptoSlot’s robust portfolio on crypto-powered online slot machine titles and just like the products that came before it, the game offers some of the most attractive deposit bonuses in the business. While these bonuses will only be available until the end of Wednesday, November 14, the game allows players to spice up their far-east adventure with a bunch of other generous promotions and innovative features.

The Details

Trip to Japan is a 5×4 slot machine that includes extra features for high wins coupled with generous bonuses that will make playing a very rewarding. Despite that CryptoSlots is barely six months old, the online crypto casino which is the side project of renowned slot machine operator, Slotland, has managed to stay ahead of the competition by consistently releasing well-designed, innovative and entertaining games. Trip to Japan is its fifth slot machine title release since it was launched earlier this year in May.

In the game, players spin through samurai swords and sushi for exotic wins. It further includes Double Wilds which are meant to help the players to form winning combinations across the reel as well as scatter symbols that activate the game’s built-in Win Multipliers and Free Spins bonus round.

To play the fresh and crisp slot machine games, players only need to be of the gambling age and have an operational email address. As such, the sign-up process is not only very straightforward but very simple even for people who are completely new to online slots machine gaming. The emphasis on the crypto aspect of the online gaming platform is confirmed by its assurance that the gaming environment will always give players from all parts of the world maximum control over their wagers and maximum anonymity.

“Players don’t have to take us at our word that our games are fair, Provably Fair gives them the tool with which to prove it for themselves,” said Michael Hillary, casino manager.

As always, players who choose to play Trip to Japan will be able to use some of the most reliable and trusted cryptocurrencies as a means of payment. These include Litecoin, bitcoin and Bitcoin Cash.

Coinbase Now Valued at $8 Billion Despite BTC Price Plunge

Posted on October 31, 2018October 30, 2018 by Aaron Decker

Bitcoin just turned ten but this year has been quite shaky for the digital currency. Still, while there have certainly been significant lows with regards to its price, there have also been a number of great things it has brought forth for the thriving and equally resilient crypto community. One of the biggest beneficiaries of this has been Coinbase, a cryptocurrency exchange whose value has been skyrocketing despite the bitcoin slump the industry has experienced in the past few weeks.

On Tuesday, October 30, the San Francisco-based company officially announced a $300 million fundraising round, which, as it turns out, brings the company’s new valuation at $8 billion. This makes it one of the most highly valued exchanges in the United States and among the top ones in the world. The $300 million deal is a massive increase from Coinbase’s previous valuation, which was $1.6 billion in August 2017.

Led by Tiger Global Management, the Series E round included participants such as Wellington Management, Andreessen Horowitz, Polychain and Y Combinator. Coinbase plans to use the funds from these series to “accelerate the adoption of cryptocurrencies and digital assets.” Already, these plans seem to be already paying off since the company has already landed the No. 10 spot on the 2018 CNBC Disruptor 50 list, something that has been partly attributed to perfect timing – Coinbase took advantage of the huge opportunity that was created when bitcoin skyrocketed to nearly $20,000 towards the end of 2017.

Catering to Institutional Investors

Cryptocurrencies, in general, have had one of hell of a year losing over 65 percent of their value due to less retail interests. Coinbase, on the other hand, managed to invest immensely in its master plan to cater to institutional investors which has been a defining factor of the company’s success in the world of crypto. In 2018, the company has launched a suite of offerings for tailored specifically for professional investors. Coinbase Custody, one of these offerings, has just recently received regulatory approval from the New York Department of Financial Services.

In addition to that, the company also recently partnered with Circle, another crypto-based company for a project aimed at supporting a digital currency known as “stable coin” which is being marketed as a U.S. dollar-backed cryptocurrency. This particular plan plays into Coinbase’s grand plan to bridge the gap between cryptocurrencies and fiat currency in all regulated markets as well as building out its custody offering “to bring more institutional funds into the space.”

“We see hundreds of cryptocurrencies that could be added to our platform today and we will lay the groundwork to support thousands in the future,” Coinbase President and Chief Operating Office Asiff Hirji added.

Coinbase’s equity and valuation should help the company achieve all this and more by allowing it to add new assets to its very popular trading platform.

Blockstream’s Liquid Network Project Finally Goes Live

Posted on October 17, 2018October 17, 2018 by Aaron Decker

Blockstream, a blockchain technology company has recently announced the launch of the Liquid Network, the company’s revolutionary take on the concept of bitcoin sidechains. This project is expected to supersede the limitations of the regular bitcoin blockchain by being able to withstand heavy transaction volumes that are often experienced by brokers, exchanges and other cryptocurrency services experience. At launch, the Liquid Network already had over 20 exchanges including Xapo, BitMEX, and Bitfinex on boards which indicates how eager industry stakeholders are about solutions to the problems associated with volume transfers on the bitcoin blockchain.

What It Does

The primary purpose of the Liquid Network will be improving transaction speeds as well as efficiency on the bitcoin blockchain while at the same time facilitating a more ‘liquid’ movement of bitcoin between exchanges. In addition to the primary objectives, the Liquid Network will also introduce such features and functions as confidential transactions, issued assets, and a new token.

Liquid Network’s new token, L-BTC, is pegged to the price of bitcoin and its holders can readily trade it for BTC. Issued assets, on the other hand, will be Liquid Networks way of tokenizing fiat currencies, securities, and even gold and treating them as Bitcoin equivalents.

According to a blog post written by Blockstream, the Liquid Network went live om September, a few days prior to the announcement. The post further outlines the company’s plans to add more features in the future – these will include integration of the GreenAddress Wallet as well as third-party hardware wallet support from Trezor and Ledger.

How Does It Compare to The Lightning Network?

Both the Lightning Network and the Liquid Network are sidechains of the bitcoin blockchain, i.e., they allow for transactions to be performed off of bitcoin’s main blockchain thus allowing service providers to avoid the inconveniences of the bitcoin network. However, unlike the Liquid Network, the Lightning Network is primarily intended to cater for smaller transactions since it relies on the power of nodes with relatively limited capacities, perhaps one of the reasons why its adoption has been hampered.

“Liquid allows parties to send funds to any destination, without the need to establish channels ahead of time. Funds in Lightning are ‘hot’ (private keys are online), whereas you can store Liquid Bitcoin in both hot or cold wallets. Liquid also has the ability to have Lightning added as a second layer as well, so we view these two technologies as complementary and both important for the ecosystem,” Blockstream’s CSO, Samson Mow explained.

Blockstream’s short-term goal is to build out the features of the Liquid Network so as to ease its introduction, and subsequently, wider adoption in the wider crypto community. In the long term, the company is aiming to have bitcoin as the epicenter of more sidechains that will facilitate the seamless and interconnected exchange of the crypto industry’s many assets.

Author: Aaron Decker