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BitStarz is an online casino that allows players around the globe to play table games, slots and more using cryptocurrenciessuch as bitcoin, litecoin, dogecoin and darkcoin. The company’s flagship digital currency is litecoin, which it developed with Sunny King.
Bitcoin has enjoyed an incredible rise in value, becoming more than five times as valuable as it was a year ago and now sitting just shy of US$12,000. Litecoin is also up by 20% over the same period, bitstarz ingen insättningsbonus 2021.
In 2014, BitStarz launched Litecoin Casino, which has now moved on to its next generation digital currency, Starz.
The move follows the launch of Bitcoin Poker and other digital poker sites, which are supported by Litecoin, bitstarz ingen insättningsbonus for existing players.
Litecoin is in a similar way to bitcoin in that it relies on peer-to-peer networking instead of a central authority such as a central bank or government for money transfer. BitStarz co-founder King explained,
“With the blockchain, there’s no counterparty risk and the transaction are completely transparent.”
It is important to note that these currencies are still experimental and have only been trading for two years. Furthermore, while they are rapidly growing, there is little market acceptance. Only a handful of sites offer litecoin as an option as an option, bitstarz ingen innskuddsbonus 20 darmowe spiny.
Litecoin is an important currency to the online gambling industry, being used to settle transactions between online casino players and gamblers who can then withdraw cash to spend in the games, players bitstarz existing insättningsbonus ingen for.
Additionally, Litecoin uses a new form of “Proof of Work” for its mining process. This new method of creating bitcoins is a “Proof of Stake” system whereby miners are rewarded with Litecoins in the form of new coins based on their work. With the increase in mining capacity and new mining pools, there is a real possibility that Litecoin could overtake Bitcoin as the leading digital currency, bitstarz ingen insättningsbonus 20 gratissnurr.
The success of BitStarz will determine how far bitcoin will advance as a digital currency. The company plans to leverage its existing network to ensure it controls as much of the cryptocurrency as possible, bitstarz ingen insättningsbonus 20 tours gratuits. This could provide significant network advantage over competitors in the digital currency space, such as Ethereum.
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