What is Cryptocurrency?
Cryptocurrency is a word we hear a lot nowadays, but in order to understand what a cryptocurrency is, we must first define it. A cryptocurrency is a digital asset that works as an exchange unit. In order to secure financial transactions, verify the transfer of assets and control creation of more units it uses very strong cryptography. They are distributed through ledger technology, known as a blockchain. It serves the purpose of a public financial transaction database.
The first cryptocurrency was Bitcoin and soon afterwards, over 4 000 alternative versions of the Bitcoin emerged. Nowadays cryptocurrency is used globally and it’s becoming very popular. There are a lot of cryptocurrency use cases now. One of the trends that started is “mining”. All around the world people are “mining” these coins and afterwards they trade them for goods or real money. As the technology develops we can only expect an increased amount of cryptocurrency use cases.
Canadian casinos are already accepting cryptocurrencies. If you are looking to play casino games using your coins, then visit https://casinositescanada.ca/ where you can find what gaming sites accept them and which casinos offer the best games and bonuses for players.
Different Uses of Cryptocurrency
Like we mentioned in the previous paragraph, the cryptocurrency use cases are expected to grow in the future. However, don’t be fooled, it is actually happening now. There are a lot of cryptocurrency use cases that you wouldn’t even imagine possible! Let’s have a look on how to do this. For example you can use coins to make low-money transfers, which is the most common use. Another popular use for cryptocurrency is investing. You can use coins to invest in promising startups that you might think have potential to grow. Furthermore, cryptocurrency is also excellent for making private transactions without having to explain stuff to the bank and avoid delay.
Another cool usage for cryptocurrency is that you can get paid. There are platforms that pay you in coins and in return you need to post content for them. Alternatively, you can rent out your spare hard drive space to the cloud. There are platforms that pay you in cryptocurrency for you to rent out your spare hard drive space. Some companies accept cryptocurrency as a form of payment. There are airlines, hotels and car rentals that accept this form of payment. You can even gamble with bitcoins in online casinos on poker, blackjack, roulette, and slots. Follow this link to find the best online legal gaming sites that accepts cryptos. As you can see there are a lot of cryptocurrency use cases already and it’s only going to get bigger!
There are also online casinos that accept cryptocurrency, most of them bitcoin casinos. In these bitcoin casinos, you can play all of your favorite slots games and enjoy the casino bonus that this bitcoin casino provides. Visit lexique-poker.com, for more info. These bitcoin casinos are completely legal casinos and work just like any other online casino. They are completely secure and offer the same casino bonus that any other online casino does. One of their main casino bonus is the no deposit bonus that can be found in any other legal casino. What this bonus does, is it gives you extra credits as soon as you sign up, no need to place a deposit in order to enjoy your favorite slots games. This is something that users love, as it gives them an extra boost right from the start. Making it easier for them to win some starting money or in this case coins.