Ethereum is one of the main crypto-currencies available today. Do you want to invest in this currency? Want to know more about it? This article is designed for you!
There are more than thirty currencies with which you can make your deposits on a sports betting site. Each currency has its advantages and its little flaws. But not all of these crypto assets are (yet) accepted by bookmakers. The most popular crypto-currency is Bitcoin and several bookmakers accept it.
Since 2015, Ethereum has entered the market and its reputation has continued to grow in the ranks of sports betting sites. On an exchange platform, this currency is referred to as ETH and is not to be confused with ETC (Ether classic). To give you an idea, one Finney is worth one thousandth of ETH, one Szabo is worth one millionth of ETH and one Wei is worth one trillionth of ETH.
After Bitcoin, Ethereum tops the list of cryptocurrencies most used by punters. The way these two currencies work is virtually the same with a few minor nuances.
In sports betting, the various bookmakers available on the market accept a wide range of payment methods. It is from here that many players have the opportunity to exchange Ether. This crypto currency is processed by the blockchain in the same way as Bitcoin. The icing on the cake with this digital currency is that you have the ability to make computer "smart contracts". The sites that accept this currency are increasing more and more and punters are showing more and more interest in it.
Ethereum is a currency that is gaining more and more popularity. The small challenge is that it is much more difficult to obtain than Bitcoin. So, if you are used to betting with Bitcoin, there are several exchange platforms available for you to acquire your first digital tokens in Ethereum. From the idea to acquiring your Ether currencies, there are a few steps to take. First, you need to have a specific wallet in which you can store your currencies. Note that you will find a variety of Ethereum wallets on the market. It is up to you to make sure you choose a secure one. The use and operating principle of these wallets is no different from that of a bitcoin wallet. The smart-contract technology offered by Ethereum is very innovative, allowing it to compete with the first digital currency, Bitcoin.
Like Bitcoin, Ethereum has the advantage of being fast, transparent and anonymous. The anonymity aspect is particularly very important in sports betting as you won't have to enter personal details such as your passport details. Security also comes from the fact that if the bookmaker closes, you don't lose your winnings, they will be paid to you.
It should be noted, however, that to date only a limited number of gambling sites allow Ether, compared to the number of bitcoin betting sites in the world. Nevertheless, the future looks bright for Ethereum and more bookmakers will turn to it in the near future.
