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Online - gambling and cryptocurrency
Using cryptocurrency in online - gambling, demonstrating their ability to gambling To begin, consider what is an online gambling (gambling - gambling or gaming organization). with the advent of computer network on the Internet, there is such kind of services like online - casino. The first such casino was opened in 1997 in the United States. There was created the opportunity to play the same games of chance, as in the conventional gaming establishments. At the request of the players were there and poker, and blackjack, roulette, and not to mention about the gaming machines (video poker and video slot). Over time, at the online gambling market appeared company who develop this business: Microgaming, Playtech, Igrosoft, Novomatic, Onlyplay and many others. Online - gambling refers to a sufficiently large and profitable business. As early as 2012, studies were conducted Gambling Capital, showed that the annual turnover in the online environment - gambling totaled 28.5 billion dollars. Today the company Gambling Compliance which monitors global gaming industry, believes that the real value of online – gaming only in the US ranges from 4 to 7 billion. Well, this proves that the gambling industry in the network is already well developed, but it is a percentage of the total gambling is not more than 10%. And there is space for development, and hope for rapid progress gives cryptocurrency attraction.
What is most needed for organizers online casinos and their customers? Players worry about comfort of organized games and own anonymity. And organizers of care and guarantee timely payment. traditional calculations create problems for the organizers and players, and it is prolonged in time, the timing of payments and extremely high interest rates. Namely cryptocurrency, the best way to meet these requirements, if it is specially created for this purpose. What are the advantages of Bitcoin fiat currency in the online - gambling? First of all, it Bitcoins decentralized and its independence from the government and any other agencies. The important role played by the fact that traditional fiat calculations provide players some problems. This and terms of payment of winnings, is often prolonged in time, not to mention the extremely high commission percentage. As we have already mentioned above, there is also the problem of anonymous players who are worried about their privacy and the confidentiality of their remittances.
Bitcoin and other cryptocurrency able to solve these problems. The laws of countries do not apply to it and do not prohibit online - gambling. They provide almost instant transfer of funds from one Bitcoin - wallet to another, anywhere in the world, providing complete transparency of transactions. Note that the rate paid can not be returned back. A fee is a very small percentage. Yes, Bitcoin and other cryptocurrency not guarantee complete anonymity, but using such new developments as Darkcoin and Cryptonote, the ability to identify an extremely reduced.
Gambling existed on the entire interval of civilization. The modern world has provided an opportunity to dive into the world of their own interests with the help of a computer, making bets using Bitcoins or other cryptocurrency. But recall that the term "gambling" also means a gaming addiction, which destroyed not one human life.
What is Bitcoin and cryptocurrency at all?
First of all we need to understand what these terms mean. The term "cryptocurrency" is a direct translation of the English term «cryptocurrency, which means that electronic money protected by encoding. What functions designed to perform cryptocurrency? In today's world, a huge segment of business would be impossible without the so-called digital or electronic money. Because they allow you to pay for goods bought on the Internet, and not only. Cryptocurrency system one of the fastest and most reliable payment systems and remittances. Add to this that cryptocurrency not tied to banking institutions and are not controlled by government organizations around the world.
About value and essence of the term "cryptocurrency" more clear. Now pay attention to the most famous representative cryptocurrency - Bitcoin. He takes his foundation as well as the term "cryptocurrency» from English. «Bit» is the smallest unit of information, and the «coin» - coin. Bitcoin is also recorded in the transcription - BTC. This reduction is popular among the authors who write on economic issues and on the stock exchange. The term "Bitcoin" is inseparable from the concept of cryptocurrency because he was the first, and became the most famous in the world.
Now look at Bitcoin as currency. First of all it is a digital product with limited supply, and the low offer due to the fact that his algorithm is structured so that the network can function only Bitcoin 21 million coins. Currently, the BTC produced 14815675. And after the "Miner" obtain the last bitcoin, their numbers remain unchanged. Schedule of emissions registered in the program and is known in advance. The economic basis bitcoin based on deflationary model, and it causes some concern to economists. They doubt whether this will be enough of a relatively small number of coins for everyday calculations. Although 1 Bitcoin is divided into 100,000,000 particles, which in honor of the founder of Bitcoin, called "Satoshi", and this makes it possible to operate with almost unlimited volumes of cryptocurrency. Also referred to as "millibitcoin" and microbitcoin "- is one thousandth and one millionth of Bitcoins, respectively.
31 October 2008, with the publication of a fundamental document, began to develop the concept of Bitcoin. Published this person working under the pseudonym Satoshi Nakamoto. Interestingly, in spite of numerous journalistic investigations, until today failed to find the real creator of Bitcoin.
And on January 3, 2009, at 18:45 GMT, the network was generated by the first unit, it was the so-called "Genesis" - the block. And on this day all over the world celebrate the birthday of Bitcoin.
Bitcoin Faucets: Get Money During Your Leisure
Is it possible to earn from the hobby? Of course. Everyone can receive profit from his or her favorite work. If you make this during your free from main work time, you won’t earn big funds, however, you can enable a quite pleasant addition to your primary income. Someone twines wreathes of vine and sells them, someone collects ancient coins or rare notes, which is a long-term investment, someone paints, sings, or makes cool sailing ship models – this all can bring a good income. Someone would regret having a hobby and say that his or her free time is passed by surfing the world network.
So let’s talk about the last variant. Surfing the global network can also help you to receive additional earnings. If you practice it at your free from the main work time, then you won’t earn much, however, you will have some additional income. The websites that offer free Bitcoins will help us with that.
What is Bitcoin? This is a kind of digital currency (other name – crypto-currency), which has a high level of security and is widely used within the network. Quite many Internet-markets exist that sell their goods or services for Bitcoins. This crypto-currency slowly gains the status of the network gold, because it demonstrates great stability so far. Another crypto-currencies exist as well, but Bitcoin was the first one, the most people heard about it, it has the highest rate, which is 420$/BTC, and the biggest capitalization.
So how can you receive Bitcoin for free? There are specific websites that are called Bitcoin faucets, and they offer such a possibility. Such strange name was gained because these websites give crypto-currency by very small portions, but regularly like water drops from the faucet. The fact that you have to visit Bitcoin faucets regularly, makes the sense of their functioning, since their income is received from the ads placed on these websites. That is why you should deactivate the ad block programs when you visit Bitcoin faucets (well, most websites just won’t let you in, if the ad blocker is on).
In addition, you have to create a Bitcoin wallet. This is easy to do, network has a plenty of guides how to do this. When you visit a website with the faucet, you have to enter the Bitcoin wallet address in the corresponding field, enter a captcha, and wait until you get free Bitcoin. Of course, this sum is not big, but this procedure can be repeated regularly, and you can visit several faucets, they are really multiple in the network. So if you pass your free time on the Internet, why not monetize your Internet-surfing and get wants and needs meet.
Microsoft Certifies Ethereum for Azura
Blockchain technologies are steadily entering our life. The first was Bitcoin platform, created for people to fulfill financial transactions without an intermediary. Ethereum uses the same system for applications, called smart contracts. These applications open many new opportunities, except financial transactions.
At the beginning of March Microsoft has certified Ethereum platform for working with its cloud service Azura. Microsoft has included an application BlockApp to its web-store, which is a platform for creating applications on the Ethereum technology. BlockApps was created by the company ConsenSys. The founder of this company, Joseph Lubin, was also one of the creators of the Ethereum platform.
Decentralized applications based on blockchain technology will be useful, when the chiefs of technological companies decide to have several recovery points in case of any failure. This will allow duplicate the data with the help of different nodes that work under the control of the same application.
According to Joseph Lubin, every time, when the client refuses to be susceptible because of using the system with the single control center, he would need blockchain-applications. They can be fully or partially decentralized, however, a situation, when some dishonest system administrator, financial director, or hacker can take the full control against the system, just cannot happen.
On the question, can the deployment of the decentralized system on the one company cloud service just become a new centralization, Lubin answers negatively. Ethereum-applications on Azura can parallel use other data processing centers all over the world.
Ethereum platform is currently working in beta-version, but on March, 14 2016 the following stable version Homestead is released, so one can wait for some changes connected with this event.