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CasinoCoin, which was launched as a Litecoin fork, has come a long way from its initial ICO days. Operational from 2013, this rising altcoin is set to revolutionize the gaming industry.  As a peer-to-peer gambling blockchain, it strives to regulate the gambling industry for a rewarding gaming experience. This promising cryptocurrency, which is available to traders at $0.000834 at the time of writing, ranks among the best-performing currencies of 2018.

CasinoCoin (CSC): A Gambling Blockchain for Gaming Enthusiasts

CasinoCoin, the open source blockchain, offers its users peer-to-peer currencies for a one-of-its-kind gaming experience. As a fork of Litecoin, this digital coin provides its users with a digital wallet, a translucent blockchain, and top-notch security services. Although issued back in 2013, it was invisible for most of the time and was taken over by a new development team in 2017. However, it has witnessed a steady rise in popularity in the recent time. Equipped with new updates and striking features like KYC/AML, it offers a more secure mode of gambling for game lovers.

Key Features of CasinoCoin (CSC)

As a non-profit entity, CasinoCoin (CSC) was launched with the vision of a number of important goals. Apart from educating the regulated gaming industry on the advantages of blockchain technology, it was designed as an exclusive currency for online gaming. CasinoCoin (CSC), which owes its origin to “Black Friday”, one of the most notorious projects in the crypto-sphere, was developed to solve the gap created by the infamous cryptocurrency. In its bid to offer a regulated gaming experience, it has updated itself with a number of interesting features. Some of its notable features are discussed in the following segment:

  • Updated Algorithm: The new developers, who have joined this crypto project back in mid-2017, have updated the algorithm of the blockchain for a more regulated gambling experience.
  • Lightning Fast Transaction Speed: As per the reports, the updated CSC features offer a lightning fast transaction speed. With a transaction speed of 3-5 seconds, CSC features among the fastest currencies in the industry.
  • Lower Fees: Trading at $0.000834 at the time of writing, CSC offers an affordable gambling experience to its users.
  • Coin Swap: All unclaimed and disused currencies can be used as a fund.

CasinoCoin’s (CSC) Market Response

With a market capitalization of $30,014,899 as of April 10, 2018, CasinoCoin is listed in cfinex and BitFlip, two of the most renowned crypto exchanges, has evolved to become the preferred digital currency for online gambling.  As per the recent records, the cryptocurrency has moved -12.67% over the last 7 days. CSC, which has reached $0.0008, hasn’t been in the spotlight for the greater part of 2017. However, after the joining of the new developers in the team, it has witnessed a steep rise in popularity.  Apart from the improved features, CasinoCoin comes with all the advantages of a standard blockchain, such as high transparency, advanced security, and faster transactions.

Final Thoughts

Ever since the introduction of the blockchain technology, it has created a lot of noise in the market. With more than 800 currencies on offer, the cryptocurrency market is rapidly growing to become one of the largest financial ecosystems. The peer-to-peer blockchain technology, which allows processing of transactions without a third-party involvement, has been successfully deployed for a number of applications. When it comes to gaming applications, CasinoCoin is not the first one to integrate blockchain technology into the gaming industry.

Today, a number of big names of the gaming world are associated with the open source blockchain ledger, and CasinoCoin is recognized among them. This rising altcoin, which ranks #221 at the time of writing, has traversed a long way from its ICO days. Considering the impressive performance in the present market, its potentials cannot be entirely dismissed. As a formidable contender to the crypto giants, CasinoCoin can be accounted as a game changer in the crypto-space.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Nick Ares via Flickr


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2 Comments

  • Trackback: Curated iGaming News - April 11, 2018 - iGaming
  • Dan
    Posted April 12, 2018 2:43 pm 0Likes

    Really appreciate the review of CSC, but thought it might be worth pointing out some inaccuracies from above.

    CasinoCoin (CSC) never had an ICO, just was a pure POW coin until the recent swap.

    Speaking of the swap, CasincoCoin was reborn onto onto a new chain using the more modern Ripple Consensus algorithm allowing for 3 second transactions.

    Also, CasinoCoin is not a peer-ro-peer gambling blockchain. It functions more as an economic lubricator between existing traditional iGaming solutions. Through the BankRoll Manager, it allows a player to instantly transfer funds between operators.

    Want to play poker at PokerStars, then bet on craps at Bet365? Just transfer your stash from PokerStars to BRM and load it into your Bet365 account. All in 15 seconds.

    Want to sign up at a new online casino? No need to go through their verifications process, you are already verified through the BRM using Jumio (the iGaming standard solution for KYC/AML). Just sign up and send you CasinoCoins, and your verification comes along for the ride. Get ready to play in minutes rather than days.

    CasinoCoin is not trying to compete with the existing iGaming providers in this $55b industry. Instead, they are trying to solve their problems, and become the ecumenic backbone connections them together.

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