Are blockchain & 5G offering new opportunities for online bitcoin casinos?

Saint-loup

legendary

Activity: 2604

Merit: 2353

Quote from: BestBitcoinCasino on April 22, 2020, 04:25:40 AM

Blockchain technology has impressed global companies with its solutions that enable various industries to improve and evolve. From banking to healthcare, blockchain reshapes the landscape of almost all sectors. Not to mantion its big impact for the online gaming and iGaming.

Blockchain also made waves in the years. This year, it is considered to be the 5G technology’s turn. And when these two technologies combine, which will happen anytime soon, the Bitcoin casino market will be in for a surprise: faster crypto payments, more effective use of smart contracts - meaning casino games will load much much faster.

What do you think? Any other benefits/ worries/ challenges you could think of?

In a network the highest speed reachable is always the one of the slowest component.
Here the speed of the transactions on the blockchain is the bottleneck, so even if you have a higher connection speed, you won't notice any change ultimately since your transactions will still be as slow as they are now on the blockchain.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: imstillthebest on April 23, 2020, 05:46:14 AM

Quote from: Debonaire217 on April 23, 2020, 05:20:30 AM

There are some speculations, myth regarding the emerging 5G technology, some other people said it was the cause of COVID in Wuhan. Though, there is no valid proof of such arguments, 5G and blockchain are technology that will provide us with better service in digital world we are living today.

As I can see, using blockchain in Bitcoin casinos mainly impacts the casino's reputation, I have seen some website that the outcome for each round shows the backend, or mainly, shows the hashes from blockchain technology, this strengthens the reputation of the bitcoin casino because of being transparent and with the knowledge of people about blockchain being secured and reputable.

With regards to the 5G, the possibility of live casino games will be higher, enabling such games to run and for people to bet real time. Making the bitcoin casino more efficient and increase its demands.

These are just my opinions and speculations on how blockchain and 5G Contributes to the emerging bitcoin casino industry.

5G related to covid ? i guess no because 5G were already announce before . it was normal that people will expect 5G network after 4G have been released , same as when 3G released people also predict that 4G will come and it did come in the future but i agree that 5G can help us to play more stabely because online casinos are also laggy especially if they are huge . blockchain technology is also a new technilogy that can be perfect to be implented on crypto gambling to make things more transparent .

Someone on youtube said it's classified as fake news because it's not true. He debunked all that and 5G phone has less radiation than what we have right now. 5G makes dapps faster to load and so of course 5G can help bitcoin casinos as well. Anything that make the internet faster means good.

curamendez

newbie

Activity: 5

Merit: 0

Quote from: BestBitcoinCasino on April 24, 2020, 07:56:33 AM

I think many might be missing the main point of acquiring 5g which is accessibility to connection in parts of the world, where currently connectivity is not a topic...at all
This should be seen as great advantage for casinos: new markets - equal new players, no?

Agree, one of the points of 5G infrastructure is to bring connection also to the population known as "unbanked" population. This is currently almost 2billion of people, this is definitely going to open many new doors for the online casino market. Of course, it will take some time, few years if not whole decade to connect whole world via 5G. Also on the other hand, these potentially new clients for the online casinos will be also the most vulnerable, therefore regulators should be aware of the risks in advance.

BestBitcoinCasino

copper member

Activity: 142

Merit: 4

I think many might be missing the main point of acquiring 5g which is accessibility to connection in parts of the world, where currently connectivity is not a topic...at all
This should be seen as great advantage for casinos: new markets - equal new players, no?

Ucy

sr. member

Activity: 2632

Merit: 403

Bisq is a Bitcoin Fiat Dex. Use responsibly

Quote from: Asuspawer09 on April 22, 2020, 07:17:04 AM

Might work and could really benefit casinos if 5G is already secured as a technology but we still have reported that 5G could be dangerous to everyone.

Some articles might be fake but this might be theories from different people, I won't complain about 5G if the study of 5G is completed that it is not affecting humans on the other hand we are all going to benefit in 5G technology.

It's hard to find complete facts about the danger aspect, esp in regards to radiation. Lots of contradictory opinions on the matter.
There are indirect dangers that will most likely occur though. Things like AI, autonomous stuff, driverless vehicles could be used wrongly/immorally... whether in the secret, illegally, open or legally.
Just hope people create what they can control.

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: Debonaire217 on April 23, 2020, 05:20:30 AM

There are some speculations, myth regarding the emerging 5G technology, some other people said it was the cause of COVID in Wuhan. Though, there is no valid proof of such arguments, 5G and blockchain are technology that will provide us with better service in digital world we are living today.

As I can see, using blockchain in Bitcoin casinos mainly impacts the casino's reputation, I have seen some website that the outcome for each round shows the backend, or mainly, shows the hashes from blockchain technology, this strengthens the reputation of the bitcoin casino because of being transparent and with the knowledge of people about blockchain being secured and reputable.

With regards to the 5G, the possibility of live casino games will be higher, enabling such games to run and for people to bet real time. Making the bitcoin casino more efficient and increase its demands.

These are just my opinions and speculations on how blockchain and 5G Contributes to the emerging bitcoin casino industry.

5G related to covid ? i guess no because 5G were already announce before . it was normal that people will expect 5G network after 4G have been released , same as when 3G released people also predict that 4G will come and it did come in the future but i agree that 5G can help us to play more stabely because online casinos are also laggy especially if they are huge . blockchain technology is also a new technilogy that can be perfect to be implented on crypto gambling to make things more transparent .

Debonaire217

sr. member

Activity: 644

Merit: 364

In Code We Trust

There are some speculations, myth regarding the emerging 5G technology, some other people said it was the cause of COVID in Wuhan. Though, there is no valid proof of such arguments, 5G and blockchain are technology that will provide us with better service in digital world we are living today.

As I can see, using blockchain in Bitcoin casinos mainly impacts the casino's reputation, I have seen some website that the outcome for each round shows the backend, or mainly, shows the hashes from blockchain technology, this strengthens the reputation of the bitcoin casino because of being transparent and with the knowledge of people about blockchain being secured and reputable.

With regards to the 5G, the possibility of live casino games will be higher, enabling such games to run and for people to bet real time. Making the bitcoin casino more efficient and increase its demands.

These are just my opinions and speculations on how blockchain and 5G Contributes to the emerging bitcoin casino industry.

leea-1334

hero member

Activity: 2296

Merit: 953

Temporary forum vacation

Quote from: noorman0 on April 23, 2020, 12:59:05 AM

More important than 5G networks is the site server speed. I think 4G is already very good in terms of connection speed, but sometimes it's not matched by the selection of the right server provider which makes some games so slow to operate. In some cases, delays in the site's response lead to losing chances of winning which is very annoying for players.

In addition, if blockchain + 5G are combined it may feel more the effect on decentralized casino services. In fact, kind of this casino business is not yet in great demand by developers like centralized casinos.

Well, speed is mainly for the consumer on the client side,,, no matter how fast the server side is, client's side is the one downloading info (upload is usually less of a problem as it's the downloading that is fetching all the data).

5G is all about speed, I do not think it makes decentralized easier.

ralle14

legendary

Activity: 3290

Merit: 1901

Shuffle.com

I doubt 5G would give some kind of a boost to online casinos since others mentioned above that it's not available to everyone yet and only covers limited devices. The speed increase is good overall but I think it'll depend on the games you play since there are games that requires a smooth connection with very little downtime(live games).

Quote from: noorman0 on April 23, 2020, 12:59:05 AM

More important than 5G networks is the site server speed. I think 4G is already very good in terms of connection speed, but sometimes it's not matched by the selection of the right server provider which makes some games so slow to operate. In some cases, delays in the site's response lead to losing chances of winning which is very annoying for players.

In addition, if blockchain + 5G are combined it may feel more the effect on decentralized casino services. In fact, kind of this casino business is not yet in great demand by developers like centralized casinos.

You mean better latency, while that's true for 5G those delays and slow response times can't be avoided since it's still a wireless connection. Gambling on wired is still the way to go if stability is the issue.

noorman0

hero member

Activity: 1764

Merit: 696

[Nope]No hype delivers more than hope

More important than 5G networks is the site server speed. I think 4G is already very good in terms of connection speed, but sometimes it's not matched by the selection of the right server provider which makes some games so slow to operate. In some cases, delays in the site's response lead to losing chances of winning which is very annoying for players.

In addition, if blockchain + 5G are combined it may feel more the effect on decentralized casino services. In fact, kind of this casino business is not yet in great demand by developers like centralized casinos.

bittraffic

hero member

Activity: 3038

Merit: 617

Quote from: shoreno on April 22, 2020, 07:56:26 PM

i think blockchain is already been used up a long time ago on crypto gambling but 5G is the one that is new . 5G is still rare this year because the device that supports it are still pretty expensive however this network is verry fast and more better than what we have now which is 4g although i think the only downside is that it can sap more battery juice than usual so our devices can go lowbat fast enough which is a hassel if your enjoying playing gambling but still this can load sites more faster especially if the gambling game is heavy

That is also the drawback with 5G, not all devices can be used for the 5G. The Internet providers have to also put up series of nodes within areas to cover all which can be costly for them. As for gambling I think thee speed will also be a good plus for blockchain, we all need faster connection to load the pages of games. Esports are full of graphics that can take time before the browser can load them up if you just don't have the 5g.

shoreno

full member

Activity: 1750

Merit: 118

i think blockchain is already been used up a long time ago on crypto gambling but 5G is the one that is new . 5G is still rare this year because the device that supports it are still pretty expensive however this network is verry fast and more better than what we have now which is 4g although i think the only downside is that it can sap more battery juice than usual so our devices can go lowbat fast enough which is a hassel if your enjoying playing gambling but still this can load sites more faster especially if the gambling game is heavy

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: BestBitcoinCasino on April 22, 2020, 04:25:40 AM

Blockchain also made waves in the years. This year, it is considered to be the 5G technology’s turn. And when these two technologies combine, which will happen anytime soon, the Bitcoin casino market will be in for a surprise: faster crypto payments, more effective use of smart contracts - meaning casino games will load much much faster.

5G is no doubt a good innovation and actually some countries are enjoying the network for years.

But in terms of the whole casino games experience, I see no special changes. I mean, even before the 5g network, casino games should always be load faster by our internet service providers nowadays on a wireless network, at least in the majority of the areas. We are now in the generation where the internet speed is not as slow as hell. And besides, the device used also plays a big role in terms of loading pages as even the internet does have a smooth connection and fast, if the device can't comply with the hardware requirements, then no changes at all.

5g will not boost up the online casino game activity literally but an upgraded internet speed boost is really a big help at loading any sites and useful services.

verita1

member

Activity: 1358

Merit: 81

5G technology will open many doors to innovation and blockchain will have the privilege to demonstrate its great potential. I hope that the banking sector is one of the most requested because it is a sector that is already obsolete for crypto users.

bittraffic

hero member

Activity: 3038

Merit: 617

Quote from: cryptoaddictchie on April 22, 2020, 10:43:42 AM

I think 5G will be a trendy matter for this year and coming years. But the advantage Im seeing here benefits the gamers. Of course this group is highly doable for 5G adoption. But for online casinos, even with 4G you can still use some site smoothly even they are using a lot of virtual transmissions or hard graphic UI.

But surely everyone will loves the 5G as increase of speed in every internet people is so important. Im guessing China will be the first that will roll out lots of 5G services.

There are lots of 5G cities right now but I think it started with China. It's revolutionary just what anyone can think of but sooner there will be another developed maybe like 6G. Of course the faster the internet, the better.

Trading needs a precise time, I wanted to have a faster connection especially in binary trading where time matters the most. 5G will help the blockchain gaming for games with graphics needs a lot of bandwidth to work.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Blockchain, yes. 5G? Not so much. Not every country would be in for the developments and improvements brought about by 5G connectivity. As of now, there is very little coverage of 5G any where in the world--and there are still some areas wherein 4G isn't even fully implemented yet. I'm also pretty sure that 5G expansion in some established areas are also halted as of this moment considering that the dangers of the virus still lingers around every corner of the world.

As for blockchain, I'm pretty sure it already changed a thing or two in ways how gambling sites handle their withdrawal and deposit systems. With it, one can easily sort which is which all the while having a robust and secure system on the side.

cryptoaddictchie

legendary

Activity: 2100

Merit: 1321

Fully Regulated Crypto Casino

I think 5G will be a trendy matter for this year and coming years. But the advantage Im seeing here benefits the gamers. Of course this group is highly doable for 5G adoption. But for online casinos, even with 4G you can still use some site smoothly even they are using a lot of virtual transmissions or hard graphic UI.

But surely everyone will loves the 5G as increase of speed in every internet people is so important. Im guessing China will be the first that will roll out lots of 5G services.

ryzaadit

legendary

Activity: 2604

Merit: 1251

Everyone talking about 5G.

Me and other boys on my third country went the 4G connection still like a shitty technology went the connection just still same like 2G/3G. Using 4G/5G as long you comfortable with the connection there is not really a problem as long went playing the game the connection is stable not distrub you at all. Also there is no relationship 5G with the payment process from the casino, all depend on the casino went they gonna process the payment and how much fee is gonna use for the transaction and also the T&C for withdrawal process manual or auto.

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: slackovic on April 22, 2020, 06:37:17 AM

What could 5G as a technology bring to online casinos? 5G is only a more advanced technology that will enable bigger Internet speed on mobile networks. I don't see how could that benefit online crypto casinos except that their web sites will load faster than they do now.

Exactly. Lets put up some definition on whats 5g - "5G is the fifth generation of wireless communications technologies supporting cellular data networks. 5G communication requires the use of communications devices (mostly mobile phones) designed to support the technology." Source: https://en.wikipedia.org/wiki/5G
Collaborating of blockchain and 5g would have that significant change? As you said it doesnt really correlate yet we know on how website works flawlessly on the current
wireless technology we've been using.

yazher

hero member

Activity: 2184

Merit: 585

You own the pen

I see some adds regarding this 5G but I don't have enough understanding of how would they help the crypto industries. besides, there are only a few pieces of information you can gather on the internet unless when they fully launched it this year or the next. Then we can have our own opinion regarding it. right now all we can do is wait until they enlighten us some of the important aspects of how 5G can change our current internet system.

Topic: Are blockchain & 5G offering new opportunities for online bitcoin casinos? (Read 270 times)