IS BCH POKER THE NEXT BIG GAMBLING TREND?
Gambling industry set to adopt cryptocurrency
With countless online establishments accepting cryptocurrencies this year, these digital currencies will surely have an impact in the gambling industry. A lot of individuals benefit and request the transactions, withdrawals, deposits and in-game play funds in bitcoin or other cryptocurrencies because of the anonymity and security bch poker presents. Conventional mode of payment may still be the convenient option for most popular gambling platforms for now, but slowly crypto and digital currencies are replacing this option because most of their users prefer being untraceable and anonymous, especially when it comes to an industry which is highly sensitive. bitcoin cash gambling customers feel more at ease due to the added security crypto has, therefore online hacking and identity theft is at its lowest. This makes crypto the best choice for gamers and as technology advances, it would grow more and continue this way in the next decade.
What is bitcoin cash and what is it used for?
bitcoin cash is known to be a “fork” of Bitcoin. On 1st of august 2017, users of the bitcoin ecosystem decided on methods of scaling the cryptocurrency and creating a new separate blockchain hence bitcoin cash was created. The main point of disagreement was the “block size”, which is very important for the number of transactions which can be carried out every second. Since each transaction has to do with data, a larger block size makes it possible for more transactions to go on in each block hence a higher throughput.
For bitcoin, the size of each block has been limited to 1MB for years now. As users grew on the bitcoin blockchain network, the competition for the limited block size led to higher rates of transaction fees and longer time to confirm each transaction. With these characteristics, while Bitcoin kept its importance as an utility for the payment of high-value transactions irrespective of the speed, it lost so much credibility for the medium of exchange for smaller-valued payments where transaction time and speeds are much more important. It simply became less useful as “cash” than it was intended to be.
bitcoin cash is a “new improvement” designed to speed up digital transactions. It is a new bitcoin clone and if you owned any bitcoin during the split, you might have received an equal number of bitcoin cash in your crypto wallet.
Why is gambling with bitcoin cash popular?
bitcoin cash is used in Bch poker and other gambling sites just as other conventional ways of payments are used. It is a secure way to gamble or place bets and it requires no personal information on the user’s part. It became more popular due to the anonymity it gives for users who want to keep their bitcoin cash gambling to themselves. bitcoin cash is available for trading, buying, and selling on a wide range of trading and exchange platforms so it is easily adapted by users who want to use it for their gambling activities.
Some gambling sites still use Bitcoin but because of the 1MB limit on each block, transactions are not convenient anymore and may require high transaction fees to be confirmed in time. By increasing the block size, bitcoin cash makes sure that users pay a very low amount of fees, and the transactions are much faster on the blockchain. Customers can now fund their online Bch poker accounts at SWC poker instantly without paying ridiculously high amounts of fees. It would take just a little while longer before all gambling sites embrace the bitcoin cash payment system.
What are the main advantages vs disadvantages of bitcoin cash gambling?
Just as we discussed above, the main advantages of bitcoin cash are just that it is extremely fast and cheaper. Bch poker sites use blocks in the Bch blockchain which are larger, which enables more room for the data inside the blockchain itself, making transactions and transfers faster and cheaper. Newbies in the crypto industry, usually don’t understand the difference between bitcoin cash and Bitcoin and this uncertainty that surrounds it, has caused Bch price to fluctuate. This can be seen as both an advantage and disadvantage depending on where you stand at the point of trade.
The disadvantages include lack of investor confidence and developer interest, and this makes bitcoin cash debate may be, some Bch poker gamblers are using it just in case, the value of the Bitcoin fork might surpass the original Bitcoin market value.
BCH Poker is the Next Big Gambling Trend
SWC Poker is one of the best bitcoin cash gambling sites where you can play poker cash and tournaments games, while using bitcoin cash as a means of transaction. But the website is not only limited to Bch cash, you can also use original Bitcoin or other cryptocurrencies as a payment method. More gambling sites are starting to adopt bitcoin cash as a primary payment, because of its convenience functionalities. If you choose a reputable Bch poker provider, you will be able to enjoy all the advantages of using crypto for gambling purposes. With a faster, scalable, and cheaper way to bet, bitcoin cash gambling is slowly becoming an indispensable part of the online gambling industry. Visit SWC poker today and try your luck!