Ethereum is an open-source, blockchain-based computing platform and operating system developed by Vitalik Buterin. It allows smart contracts to be run. In addition, there is the cryptocurrency called Ether (ETH) which can be used for online transactions including gambling. If an online casino slot machine says it accepts Ethereum, it means that the customer can pay using the Ethereum currency Ether (ETH). That allows a customer to use the cryptocurrency instead of traditional US dollars or “fiat” currencies. Customers will need to deposit a proper amount of Ethereum to their account, and can then use it for playing the slots. Making that deposit is as easy as the customer sending the currency from an online or offline “storage wallet” to the online casino account’s wallet. One advantage to using Ethereum (or another accepted currency) is the speed with which withdrawals can happen. These newer forms of currency were made with quicker transaction speeds in mind. A customer can literally withdraw their Ethereum to their online cryptocurrency account or hardware wallet within a matter of minutes. In addition, there’s the security advantage of having the digital money stored on the Blockchain. These are some of the top benefits for playing Ethereum slots.
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