A crypto casino is an online gambling platform that allows players to wager using cryptocurrencies such as Bitcoin, Ethereum, or Litecoin. These digital currencies provide users with secure transactions and anonymity while enjoying various casino games like slots, poker, roulette, blackjack, and more.
Crypto casinos utilize blockchain technology to ensure fairness and transparency in their operations. The use of smart contracts guarantees that all bets are provably fair without any manipulation from either side. Additionally, these platforms offer instant deposits and withdrawals compared to traditional online casinos.
Fun Fact: The first-ever fully functional decentralized cryptocurrency-based online casino was launched in 2013 under the name "SatoshiDice." It allowed players to bet on dice rolls using Bitcoin.