Ethereum Accepted Online Casinos
Ethereum, the world’s leading programmable blockchain, was launched in 2015. Like other blockchains, Ethereum has a native cryptocurrency called Ether (abbreviated as ETH). ETH has many of the same features as Bitcoin, the most famous cryptocurrency: it is purely digital, can be sent to anyone anywhere in the world instantly, and it is also decentralized, meaning that it isn’t controlled by any government or company. Ether has become widely accepted on crypto gambling sites; although companies were slow to adopt Ethereum, recent developments have led to a surge in the coin’s popularity.
While in the US the legality of gambling for money is mostly prohibited, since Ethereum is not considered ‘money’, legally speaking, it doesn’t fall under any restrictions, and as such mostly avoid the gray area. The main reason for Ethereum’s rise to fame is the ‘smart contracts’ enabled by the blockchain, creating the EVM, or Ethereum Virtual Machine. These contracts remove the need for trust between the player and the casino and as such show signs of disrupting the online gaming industry.
Reasons to Choose Ethereum:
- Anonymity: Like Bitcoin, Ethereum can be used completely anonymously, which also ensures a high degree of personal security.
- Fast Payments: Money can be transferred to anywhere in the world more or less instantly; Ethereum is even faster in this regard than Bitcoin.
Downsides to Ethereum:
- Processing Time: Currently, gambling with Ethereum’s smart contract casino model requires a short period (roughly 15 seconds) of processing time for each bet; larger bets could possibly entail longer processing times, as they need to be verified more than once, for security purposes.
On CasinosLists.com’s Ethereum page, you’ll discover 166 casinos which accept Ethereum, 30 of which are available in United States. Among the tools provided for your convenience is the ability to quickly compare the various bonuses offered by the different sites, as well as the option to sort the list by showing the newest casinos first.