How Blockchain is Providing Online Casinos with New Opportunities for Game Development
Digital wallets are now a popular online payment method that relies on decentralised blockchain technology to facilitate cryptocurrency payments.
Cryptos like Bitcoin (BTC), Ethereum (ETH), Ripple (XRB), DogeCoin (DOGE), Litecoin (LTC), and Tether (USDT) are now widely accepted at numerous fully licensed and regulated iGaming sites.
Since operators have started using blockchain technology and 'smart contracts,' several new types of games have been introduced, including 'provably fair' games and crash games.
Let's dive in to learn more about the fascinating new phenomenon of crypto casinos and discover several unique games that can only be found on these websites.
How are blockchain technology, cryptocurrencies, and smart contracts helping to shape the iGaming scene?
Blockchain technology, cryptocurrencies, and smart contracts are now more mainstream and legitimate than ever. Here are five ways crypto is helping to shape the future of online casinos and other fully licensed and regulated iGaming sites:
- Provably fair games and crash games – these games are a relatively new concept at online casinos. You can now find operators with crash games and provably fair games. They are designed to enhance transparency and ensure true randomness and fairness. With provably fair games that use smart contracts, the randomness is now verifiable by players
- Enhanced security – the very nature of blockchain networks and cryptocurrencies ensures higher levels of encryption, guarantees anonymity, and eliminates the need for storing sensitive/personal information or using credit/debit cards, bank transfers or any other centralised/unreliable online payment methods
- Accessibility – Thanks to cryptocurrencies and blockchain technology, online casino gaming at licensed and regulated sites is now more accessible than ever
- Transaction speed – as well as being more secure with higher levels of encryption, transaction processing times at crypto casinos are much quicker and usually come with zero fees attached, compared to other, slower payment methods that sometimes charge a small fee with each transaction
- Decentralised payments – crypto casinos using blockchain technology help safeguard the essence of online freedom because no central governments are involved or have any control over payments
What are crash games, and what are the most popular ones in 2024?
Crash games are a unique type of online casino game, quite unlike any other. For example, crash games are nothing like online slots, table games, card games, or lotto-style games. Instead, they are classed as multiplier games or mini social multiplayer games.
When you launch a computer-generated crash game at an online casino, you will be presented with several betting options. All you have to do is select your preferred stake and then hit the start button.
Now, simply watch (and concentrate) as a computer-generated animation for that round plays out in front of you.
Each round can last anywhere from just a few seconds up to usually no more than 10 or 15 seconds, and the aim of the game is to predict when the object will crash by hitting the cash-out button before the round ends.
As the object moves across the screen, a multiplier value will fluctuate, climbing up and down in value, and the goal is to try and land the biggest multiplier before the round ends.
You won't win anything if you don't hit the cash-out button in time (so before the round crashes/ends). If you happen to cash out before the round ends, the multiplier value on display when you cashed out will be applied to your total stake to reveal your prize for that round.
It's that simple, and the golden rule is to not be too greedy. Some of the most popular crash games to check out in 2024 include hit tiles such as Avatar from Spribe, Spaceman from Pragmatic Play, and Fly X from Games Global/Microgaming.
Honourable mentions
If you enjoy playing any of these and want more suggestions, you may also like to try Maverick from Ad Lunam and Cash Galaxy from OneTouch. Gaming Corps has also produced some of these games, including Skyliner, To Mars and Beyond, and Jet Lucky 2.
