In a world where technology is constantly changing at a mind-blowing rate, cryptocurrencies are becoming more and more popular. The ease and speed at which cryptocurrency transactions can be made securely is now changing how people think about money. Bitcoin and later Ethereum changed the landscape of finance and economics with their innovative take on digital currency. Following in their success, many other attempts at cryptocurrency have been forged, including a popular currency known as Dogecoin.
Originally launched as a joke based on the popular internet meme involving a Shiba Inu, Dogecoin has now become one of the most well-known cryptocurrencies. Perhaps the notoriety of this meme contributed to Dogecoin’s rapid success. Compared to other cryptocurrencies, Dogecoin is relatively similar in terms of popularity, although in most cases it is less mature than its more established competitors. The lone fact that Dogecoin was originally intended as a joke and has still been able to become a large, functioning cryptocurrency is a testament to the upwards trend of the cryptocurrency industry in general. In this article, we will seek to explain Dogecoin’s capabilities, specifically in relation to online gambling.
Popularity of Cryptocurrency
Cryptocurrencies have become increasingly popular in recent years for several reasons. First, cryptocurrencies are run on decentralized digital networks. This means they cannot be interfered with by governments, large banks, financial institutions or any other centralized organization, so they do not carry high fees and charges that can be related to using such institutions.
These big centralized institutions essentially serve as middlemen who take a percentage of every transaction for using their services. As cryptocurrencies conduct business peer to peer and on an anonymous level, users will not suffer the consequences of using these middlemen.
Another major reason for popularity is the pseudonymous (and in some cases, fully anonymous) nature that is involved with cryptocurrencies. Transactions can be made between users without inputting any personal information. Therefore, business is conducted on a much more secure level. Essentially, cryptocurrencies have made it easier for people to have more control and security over their money.
All of the facets we just went over apply to Dogecoin, and when taking them in to account, it is easy to see how it has become such a successful cryptocurrency. Something that makes Dogecoin stand out among its fellow cryptocurrencies, however, is that it was designed to reach a broader demographic, thus in turn increasing the popularity of cryptocurrencies overall.
Gambling and Dogecoin
Although Dogecoin (like all other cryptocurrencies) is a relatively new technology, it has already become one of the most recognized cryptocurrencies on the market. On top of this, Dogecoin has something unique going for it when compared to other, larger digital currencies like Litecoin, Bitcoin and Ethereum; it was made specifically for micro transactions. With a circulating supply well over 100,000,000,000 DOGE, each coin can only be worth so much. At its peak, Dogecoin reached an all-time high of $0.017. Because of this, gamblers can deposit as little as $5 or less at an online casino and be able to gamble within minutes.
There is already a sizeable amount of gambling websites that accept DOGE as payment. Those who are avid online gamblers do not have to worry about exchanging their Dogecoin for another form of currency as there are currently a large group of games and casinos that will gladly let people wager with their DOGE.
Some of the games that Dogecoin users can currently play are dice, poker, slots, roulette, blackjack, lotteries, and even sports betting. Users can even play less expected games like Minesweeper with their DOGE. Currently, the top bitcoin online casinos that accept Dogecoins are BitcoinPenguin, Crypto-Games, and FortuneJack.
These major casinos and the multitude of games available to users of Dogecoins represent the growing clientele that Dogecoins is becoming associated with. As time goes on and the cryptocurrency continues to grow, it can be expected that more casinos and games will be made available for users. Considering that Dogecoin initially started off as joke, it is very impressive to see that they are widely accepting among online gambling sites.
Due to the nature of cryptocurrencies, users are able to access their ‘virtual wallet’ from nearly anywhere in the world. This facet allows users to make incredibly fast withdrawals when cashing out from their chosen gambling website. Users of Dogecoins can expect that cash outs will happen almost immediately on a consistent basis, allowing users to have more control over their money. Cryptocurrencies have become the easiest and quickest form of currency to play online gambling with, in part because of the rapid crypto cash outs. Coupled with this is the security and anonymity involved with using cryptocurrencies, creating a safe environment for online gamblers to play in.
Conclusion on Gambling Online with Dogecoin
Dogecoin has become a close competitor to what were seen as the giants of the cryptocurrency landscape. Perhaps some of this popularity is due to their strategy of using a popular internet meme as the namesake and mascot of the currency. But Dogecoin’s popularity is also due much in part to its dedication to provide its users with a safe and anonymous cryptucurrency that consistently works.
For those who avidly gamble online with cryptocurrencies, it would be wise to try Dogecoin as it will likely boost their game. All in all, Dogecoin should be valued for how popular and revered it has become considering its difficult conditions starting out. Their rise tells a great story of how hard work, a dedication to top of the line service, and a bit of humorous luck can come together to make a great user experience. Dogecoin has become strong enough to stand up to giants of the industry like Bitcoin and Litecoin, and it certainly seems that they are not backing down anytime soon.