When slot machines – or perhaps one-armed bandits as they had been affectionately known when they first came into being (due to having to pull a handle to make the reels spin) – were first produced in 1985 by Charles Fey. He created the Liberty Bell and, thanks to his savvy business sense in choosing to take a percentage of the takings rather than selling the machine completely, he made a lot of money from his fairly simple idea.
Slots are equally as popular today as they have previously been, as they are used as an excellent way to loosen up, as a pastime, as something to enjoy, and maybe even as a means to generate cash (although this is a rare thing and should not be counted on!).
Nevertheless, even though slots at top10slotgames are maybe more well known today than they were 100 years ago, modifications are continually being developed making them a lot better. Online casinos and slot developers owners don’t want people to get bored, so they are constantly innovating. That makes the games even more exciting. One of these new ideas is to use cryptocurrencies in slots. How would that work?
What Are Cryptocurrencies?
Finding out what cryptocurrencies are is either a simple task or a complicated one depending on just how much you want to know. Having just a little knowledge, however, will be helpful, so that’s where we’ll start.
You will find many cryptocurrency types, although the most popular of these is bitcoin; most people will have heard of this in the news because it has made some people extremely rich, literally overnight. They’re not called ‘bitcoin billionaires’ for nothing!
Regardless of which cryptocurrency you look at, it is going to be a purely digital currency, so there aren’t any coins and notes. Using complex codes which are called blockchains, the cash could be relocated from different places and consequently used to purchase services and products. Although the codes are complicated, it just requires a click of a mouse to use them – the codes are automated which means you don’t need to know anything more, and you don’t need to know how it is all done (although you can certainly learn this if you like).
Why Use Cryptocurrencies For Slot Deposits?
Since cryptocurrencies aren’t linked with any government and are thus not associated with any exchange rate a lot of individuals like the thought of using them. The issue is they are not a useful way to buy things at the moment; you cannot go into the grocery store and get your week’s shopping using bitcoin, for instance. Although, having said that, it might just be that this is exactly how it all happens in a few years’ time.
Today, however, you are able to make use of bitcoin to purchase several plays at online casino games including slots. So it really can be an alternative to cash, and if you have a lot of bitcoin and wish to enjoy some gaming time, you only have to find a casino (one of the few, it has to be said) that accepts this currency.
Cryptocurrencies are fantastic for paying for slots with since they’re easy, anonymous, and secure to operate with reduced fees; it won’t be long before they’re an option on every single web gambling site.