There are many cases where we tend to fall into the trap of believing that a currency will be your breakthrough. That’s exactly why many people decided to stay away from bitcoin websites.
However, with the recent changes regarding bitcoin cash, we’ve found that it’s trustworthy, considering that even casinos decided to use the currency.
Regardless, it doesn’t change the fact that we can have doubts about it. So today we’re going to ease those doubts by talking about what bitcoin cash is and how it works.
Why Bitcoin Cash in Gambling?
Many people are wondering, why would the gambling industry turn to Bitcoin cash when they can just stick to real-world currency.
For one, there are many benefits that it brings. For example, it can help make migration a little bit easier since the currency is not physical. It would also make it more secure if the provider is regulated by the government.
Other than the benefits, it also has something to do with the customer’s demand. Since bitcoin is becoming more widespread to the people on the internet, it was only right to answer the demand.
Now that you know the reason for the existence of bitcoin cash in the gambling industry, what exactly is Bitcoin cash?
What is Bitcoin Cash?
Bitcoin cash is another cryptocurrency that was made as a spin-off for the Bitcoin cryptocurrency.
It’s a version of Bitcoin, where one is Bitcoin Cash SV and the other is what we simply call Bitcoin Cash. Most people refer to it as BCash in short.
When the use of Bitcoin cash started, obviously there were some expectations by the companies. Here’s a look at what those are.
The Excepted Effects of Bitcoin Cash
The block size of Bitcoin is 1MB. However, that doesn’t compare to the 32MB block size of Bitcoin cash. That’s why it’s only natural for it to replace Bitcoin.
This difference in block size makes it easier for more transactions to be accommodated. This means micro-transactions will be easier to handle from now on with Bitcoin Cash.
Future of Bitcoin Cash in Gambling
Recently, many websites have started to include Bitcoin Cash in their range of accepted currencies.
Some of these websites include 1xBit, BItStarz, and Cloudbet, some of the most prominent figures in the bitcoin gambling industry.
While the early years of Bitcoin were uncertain, it’s becoming better as time passes by. So, although there’s no guarantee whether it’ll become a norm in the future, using Bitcoin cash has a higher chance now to dominate other industries.
When it comes to microtransactions, it’s still best to use Ethereum due to its easier manageability. However, with how Bitcoin is progressing now, it might not take long for it to start becoming superior to Ethereum.