A crypto casino is an online gambling platform that accepts cryptocurrencies as a form of payment. Instead of using traditional fiat currencies like dollars or euros, players can use popular digital currencies such as Bitcoin, Ethereum, or Litecoin to place bets on various casino games. The transactions are recorded on a decentralized ledger called the blockchain, ensuring transparency and eliminating the need for intermediaries like banks.
Crypto casinos offer a wide range of games including slots, poker, blackjack, roulette, and more. They often provide provably fair gaming experiences where players can verify the fairness of each outcome using cryptographic algorithms. This level of transparency adds an extra layer of trust between players and operators.
Fun Fact:
Costa Rica was one of the first countries to embrace cryptocurrency adoption back in 2014 when it established its own digital currency called "Colón-Digital." Although not widely used today due to regulatory challenges faced by financial institutions at that time, it demonstrates Costa Rica's early interest in exploring alternative forms of money.