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Demand for crypto games has been rising along with the boom of cryptocurrencies. According to research by cryptogamble.tips, the number of crypto gambling users have surged; in the US by around 536.96%, in the U.K. by 615.09%, in India by 490%, in Canada by 748.98% and in Germany by 1021.43%.
Since the launch of the first crypto gambling platform, Satoshi Dice, created in 2012, the industry has seen essential growth. The apparent advantages make people interested. As a result, more and more crypto games enter the market every day offering different solutions.
Crypto has a large part in the gaming industry, which is getting bigger. The industry makes progress at a fast rate and experts say the odds of blockchain being the future of casinos are high.
As per a report by Research and Markets, the online gambling market is supposed to surpass $97 bln by 2025, growing at a Compound Annual Growth Rate (CAGR) of 11.31%. As of 2020, the market estimation was about $57.1 billion. The report states crypto is one of the key drivers of market growth.
Crypto online games fall into three main categories: crypto casinos, crypto betting and crypto poker. Popular blockchain-based casino platforms are slot games, table games, table games, etc.
Every bitcoin casino solution relies on blockchain and delivers a provably fair gaming environment. It is achieved by random number generation based on algorithms and smart contracts that power the system.
Games can support various cryptocurrencies based on their structure.
Game providers establish a payment system that decides what deposits are accepted. Currently, the most used cryptos are BTC and Ether.
A player will need a crypto wallet to carry out transactions. According to its gambling software solutions, a crypto online casino can offer its bonus system.