When it comes to gambling, Ethereum is practically the 2nd largest cryptocurrency available to gamblers. The operation of ether, the Ethereum currency is similar to that of Bitcoin, but their protocol differs a lot. Ethereum was introduced some way back in June 2015. The users handling this cryptocurrency are allowed to make and accept payments through the internet without dealing with any kind of central authorities, taxes or regulations. The fact that its economy is based on a decentralized and programmable platform that uses smart contracts makes it diverse from other types of cryptocurrency. The pattern the smart contracts of Ethereum follows, it can accommodate endlessness number of uses.
How to play
If you want to learn how to play Ethereum gambling, then mentioned below are some of the steps you should follow:
- Firstly, you should deposit funds in your personal account that you have linked with this gambling account and wait for the confirmation. As soon as the transaction is done, you can start with the gambling.
- Next, pick the amount you choose to wager in the bet and enter that particular amount in the field “Bet Size”.
- Now it is your turn to choose your payout multiplier. Here, you should remember that the chance of winning the bet entirely depends on your multiplier. Hence, you should be more cautious while choosing.
- Now two numbers are presented to you. One number is to roll high and one is to roll low. Here, the choice lies with you whether to play high or low.
- A specific number is then rolled once you have made the prediction and pressed roll either over or under. Numbers can be within the range of 0.000 to 99.999. If the number lies within the range that you picked, you then win the bet and receive the payout as shown to you. If not, you lose the bet and also the amount wagered.
Blockchain gambling’s positive side
When you opt for blockchain gambling, there are certain associated advantages. Below mentioned are few of them like:
- You need not deal with any accounts
- You are not required to transfer your funds to a third party, instead, you can directly pay from your personal Ethereum wallet
- While you are on Ethereum blockchain, you can directly send to a smart contract
- The bet is handled by the smart contract and if there is any winning amount is reverted to your wallet
- Here, the internal database of the client is not guarded by any unknown website owner
- You get to directly control your funds, instead of trusting outsiders
About provable fairness
Provable fairness is actually a technology aided by blockchain and cryptocurrency technology thus making it impossible for a player to cheat. With its use, you need not be doubtful of the Ethereum gambling house for any bets lost. So, whatever game you indulge in the provable fairness gambling platform, you can be assured that the result is accurate and fair. So, this technology lets you gamble at ease and comfortably keep betting any amount you wish to.