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Is Blockchain the Future of Online Gaming? A difinite yes with Xbit’s Blockchain Network Technology

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Is Blockchain the Future of Online Gaming? A difinite yes with Xbit’s Blockchain Network Technology

by Rocky
September 3, 2021
in All
0

Think about a casino for a moment. You probably envision throngs of people gyrating around slot machines and craps tables, or perhaps trying their luck at the tables. The game sector, on the other hand, is suffering greatly as a result of the pandemic, which has caused lockdowns all around the world. Revenues in Las Vegas are down 40% year over year, and it’s unclear whether the live gambling business can ever return to its previous highs.

Online Casinos with Complex Payment Methods

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The majority of online 토토사이트 businesses provide a greater choice of payment alternatives, including bitcoin deposits and withdrawals. Because of the transparency of the Blockchain, cryptocurrency is becoming more popular as a means of online payment.

There are now gambling sites that accept Ethereum, Bitcoin, and other cryptocurrencies as deposits and withdrawals. There are a number of benefits to adopting cryptocurrency to fund online gaming. One of the most significant advantages is the avoiding of tax rules governing gaming revenues in fiat currencies such as the US dollar. Every transaction is taxable in some way in the Dollar market, which is closely supervised and regulated.

The future of crypto is bright, though, as global retail adoption of Bitcoin, Ethereum, and other cryptos accelerates. We believe it won’t be long until crypto becomes a viable payment system that lets you to avoid using the dollar in all of your financial activities.

How Does Blockchain Fit into Online Gaming?

At online casinos, all automated gaming techniques return between 80% and 99.9% of the players’ wagering pool. Some gaming sites, on the other hand, are nothing more than “bucket shops” aiming to rob people. The customer is never successful and always loses.

These casinos, on the other hand, aren’t in it for the long haul, and when people figure it out, they close and relaunch under a different domain. The following are some of the difficulties that surround unfair online gaming tactics.

  • Misleading or Complicated Withdrawals
  • Rigged Play
  • Bonus with Unattractive T&Cs
  • Spam Attacks
  • Questionable Best Practices

Some casinos provide poor customer service and lack sufficient transaction encryption protocols. This technique exposes you to the possibility of hackers gaining access to your account and stealing your identity.

Solution of these Issues by Xbit Blockchain Network Technology 

Blockchain technology has an impact on every aspect of life and technology. In the case of online gaming, there will be no exceptions. With that goal in mind, the Xbit project has taken the initiative to give a Blockchain-based gaming experience to all players. Then there’s the Xbit Casino itself. The Xbit Coin is one of the cryptocurrencies accepted by this online casino.

The fact that this coin is dependent on gambling to build wealth is maybe the most important part of it. It is in the casino that the money is made. The wealth is, in a way, shared among the owners. Because as a result of this wealth creation, the coin’s value will climb. This is where the full power of the Xbit currency rests.

The owners of this currency can benefit in a variety of ways. It would become more powerful not just as a result of the casino, which is a well-established financial institution, but there would also be other alternatives, such as staking the coin, which would offer users with annual income.

The 800 million coins are part of the Xbit online gaming company’s annual revenues, which are determined and declared annually (400 million for early investors and 400 million for regular customers). This profit is delivered to each wallet in the form of CCXX coins.

This coin is accepted by the online casino Xbit, as previously indicated. This cash can be used to play thousands of various casino games by those who purchase it.

In this regard, Casino Xbit is genuinely unique in the world of gaming and online casinos. The value of this currency will continue to climb as more people buy it to play in the casino because the coins used to play casino games are also considered representative shares of the business.

As a result, the casino creates a rising amount of income, enhancing the coin’s power. This coin will also be listed on a number of exchanges, which will add to its credibility.

The option of staking Xbit Coins is also available.

All Xbit currency owners will be able to use this tool to stake their coins. During the staking process, the staked coins are frozen and transferrable. In exchange, users will earn a 5% annual interest rate. This allows all users, including online gamers, to get even more benefits from the Xbit coin.

How to Buy

The best alternative is to acquire this currency directly from this link.

This straightforward method will allow you to buy Xbit Coins quickly and easily. You’ll need to complete a brief form. The monies must then be transferred and proof of payment provided. That’s all there is to it. The transaction has been completed, and Xbit Coins have been added to your wallet.

Using this Direct Buy technique, you will be able to purchase Xbit in return for Counos X (CCXX), Tether (USDT), and Wrapped Xbit (WXBT).

Xbit Coin will be accessible on Alterdice in the near future, with the following pairs: XBT/USDT and XBT/CCXX, allowing you to buy Xbit with Tether and Counos X, respectively.

Many more exchanges will list Xbit soon, and other than Alterdice, ExMarkets, DexTrade, Emirex, Koopal Exchange, DEX Koopal, Counos Centralized Exchange, and Counos DEX are also among these exchanges.

Wraping up

Online gaming operators have yet to realise the enormous potential of Xbit blockchain technology, which is ideal for connecting and converting online gaming players. From the initial deposit to the final withdrawal, this ground-breaking technology enhances the gaming experience for players. If you enjoy playing online casino games, now is the time to take use of Xbit blockchain technology to improve your enjoyment and your chances of winning.

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