If you are a cryptocurrency enthusiast, there is no way you haven’t heard about Cardano or rather, ADA. It is one of the most famous altcoins, which are coins different from Bitcoin and Ethereum. It has risen in popularity in early 2021, just like most other bigger altcoins on the market right now. This means that the demand for Cardano as a payment method has increased quite a lot since its hype began, allowing crypto casino owners to supply the players’ wishes.
It comes as no surprise that Cardano is getting implemented in more and more crypto casinos since their main goal is to attract as many players as possible. Of course, due to the recency of the events, not all crypto casinos accept Cardano, but those that do are definitely getting quite the attention.
So, what makes Cardano such a great network and cryptocurrency? What advantages does it hold over the giants that are Bitcoin and Ethereum? Well, we will get to that right after we explain the basics of the token, so let’s get right into it.
Did you know? Cardano is an eco-friendly crypto currency, which consumes about the same amount of energy as 600 U.S. homes yearly. In comparison to Bitcoin, which uses as much energy per year as The Netherlands.
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Cardano is a decentralized PoS (proof-of-stake) blockchain platform with a goal to be an efficient alternative to all PoW (proof-of-work) networks, launched back in 2015. The network has its own cryptocurrency named Cardano, but for better understanding, we will mention it as ADA, the official abbreviation.
Cardano uses a high-end secure protocol named Ouroboros, created during the foundation phase of the blockchain. This will allow for dApps (decentralized applications) to be developed in a secure environment, which is another main goal of the network. The way that the blockchain is built contains five different stages (eras): foundation (Byron era), decentralization (Shelley era), smart contracts (Goguen era), scaling (Basho era), and governance (Voltaire era).
The current price of ADA is $2.41, which definitely is not as much as it was during its peak of $4.81, back in August and then again in September. If Cardano follows the laid-out roadmap, it could potentially see new heights in 2022, according to experts. If this comes to fruition, it will mean that your winnings could multiply in the upcoming months.
At the moment, Cardano is in the build phase called “Shelley”, which focuses on the decentralization of the blockchain and cryptocurrency. The development team behind the network stated that it aims to be as much as x100 more decentralized than other leading blockchains. If this proves to be true we can expect ADA to be one of the better cryptocurrencies, which directly translates to the amount of anonymity you will be getting whilst playing in Cardano casinos.
It is also not shocking how secure the ADA transactions are, due to the nature of the blockchain. The Ouroboros protocol ensures the security of anyone who owns and trades ADA. They are confident in the breach-proof system they’ve developed, allowing you peace of mind when it comes to ADA ownership.
Scalability is another issue many of the bigger cryptocurrencies faces, which can translate into network congestion, slow and more expensive transactions. Cardano’s scalability phase is yet to come, but even now, the block time has low volatility and moves between 5 and 20 seconds, making it one of the fastest tokens on the market.
Cardano price:
Cardano Price, $
Transactions costs are also negligible, revolving around $0.3 and $0.4 at all times, based on community vote. This means that even if you were to make 10 transactions, they’d only cost around $3 or $4. Of course, there are other cryptocurrencies that offer even lower fees, but the benefits of the Cardano blockchain and ADA compensate for the higher tax.
Of course, ADA is available worldwide just like all other cryptocurrencies we cover. This means that no rules and restrictions apply to the Cardano blockchain. Even if there are some sort of restrictions placed by a government, anyone can remain completely masked with the use of a VPN software, although some casinos do not accept players who use that type of service.
Cardano has high standards and makes great promises that will appeal to many, however, what are the current advantages and disadvantages of Cardano casinos, and the token ADA? The below information is completely transparent, as the main goal of our articles is to provide proven information in a clear manner.
Just like all other big altcoins, ADA can be purchased through most of the biggest crypto exchange platforms on the market. This includes Binance, Coinbase, Gemini, Kraken, Bitfinex, and others. Each has its own advantages and disadvantages, so make sure to check out their fees and rates.
Once you decide where you want to buy ADA from, you will need a crypto wallet. It must be noted that exchanges like Binance and Coinbase have their own integrated wallet to which your ADA will directly go. However, you can also use third-party crypto wallets, as well as physical wallets, to further ensure the security of your tokens.
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Choose your Cardano casino from the list above and create your account.
Go to your account section and click on the “Deposit” button.
Select Cardano as the crypto you wish to use.
Send an amount to the provided address and wait for it to be added to your casino account’s balance.
Inarguably, Cardano casinos will be getting more and more popular by the day with the way the current hype around tokens is going. Simply put, the demand of players that wish to see Cardano as a payment option will force owners to add it in. Of course, this happens due to the many benefits the Cardano blockchain has to offer, as well as the advantages of the ADA token.
Cardano casinos are definitely a destination that needs to be tested out, before being overlooked. You will be reaping great benefits, and the prices of ADA are so low, that it will allow you to experiment at a low cost.
Find our FAQ section below, which consists of some condensed information, some of which is exclusive.
Cardano casinos, just like all other crypto casinos, can only reach for a Curacao license, due to the fact that the giants MGA and UKGC do not affiliate with cryptocurrencies right now. Hopefully, that will change, and it is more likely to happen than not. Until then, just make sure the casino you choose has at least a Curacao license.
No, at the moment, not all crypto casinos accept ADA. This is due to the recency of the hype, which is quite understandable. However, the demand for Cardano to be added as a payment method in many places has left owners with no choice. This means that you will see Cardano being accepted here and there little by little in the foreseeable future.
Cardano is quite popular, forcing the bigger exchange platforms to add the option to purchase ADA. These include Binance, Coinbase, Kraken, Gemini, and more.
Cardano casinos have game libraries containing the same games offered by regular online casinos. These include slots, table games, crypto casino games, sportsbooks, but also some casino-original games and some unique ones, such as provably fair sections.
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Crypto Specialist
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