Ethereum Classic is the original Ethereum blockchain, a decentralized platform capable of running smart contracts. It is also a cryptocurrency of the same name which is notable for its fast, secure, and anonymous transactions.
While The DAO hack and concomitant $50 million theft were still fresh in mind, the majority of the community decided to resort to a hard fork. And just like that, Ethereum (ETH) followed an updated branch of the blockchain where there was no hack at all.
And yet, not all agreed with that. Quite a few people reckoned that branching of the blockchain is in direct contradiction with its philosophy, particularly its decentralized and immutable nature. They continued mining on the old blockchain which soon enough got the name of ‘classic’ Ethereum (ETC).
And guess what? Ethereum Classic has been keeping the lights on all these years.
You won’t find crypto casinos supporting Ethereum Classic at every turn. It is particularly striking if compared to the case of ETH which is accepted on every other crypto website. That being said, ETC casinos do exist.
Some of them have been around for a while but they haven’t managed to take off so far. There could even be a big community of gamblers on such website, but it rarely helps these casinos hit above their weight.
In addition, Ethereum Classic was one of the considered cryptocurrencies in so-called “coin primaries” at FortuneJack. Perhaps, FJ will be another big platform with ETC casino games in the near future.
1xBit is also notable for its scale: ETC bets are accepted for tons of sports and eSports events, not to mention slots and live dealer games. If that’s not enough, you can always bet some Ethereum Classic on political events ranging from the Kyiv mayoral election to Western Australia state election.
1xBit offers a unique opportunity to get up to 7 BTC as bonus money for the first four deposits. It is given out as follows:
• First deposit: 100% up to 1 BTC
• Second deposit: 50% up to 1 BTC
• Third deposit: 100% up to 2 BTC
• Fourth deposit: 50% up to 3 BTC
Furthermore, there are bonuses for particular games, promotions in the sports betting sections, and many other things. Don’t forget about the promo codes shop and all sorts of gambling tournaments!
Betcoin.ag is a rather big cryptocurrency platform where you can find not only casino games, but also sports betting. Players get bonuses for the first three deposits: 100%, 50%, and 25% respectively.
Betcoin users have access to the following Ethereum Classic games:
• Virtual games (basketball, racing, speedway, and others)
• Table games (blackjack, roulette, baccarat, poker)
• Slots (including those with progressive jackpots)
• Video poker
• Live casino games
Should a player get used to gambling with Ethereum Classic at this casino, they will have access to the loyalty program bonuses. The higher their loyalty level, the bigger their betback and lossback percentages.
ETC is great for gambling from several points of view. First, it has typical benefits of blockchain-powered digital currencies. Money is sent faster and cheaper without any hassle. Second, the Ethereum platform opens new opportunities for the gambling industry.
Let’s begin with the customary. An average transaction speed in the Bitcoin network is about 10 minutes at best. Ethereum Classic requires about 15 seconds. Websites often boast of fast payouts, right? With ETC, it should be a default feature.
While you need to pay a fixed miner fee in case of Bitcoin, such fee will depend on the amount of deposit with ETC platform. The lesser amount you send, the lesser the miner’s fee. In Ethereum (ETH), the cost of each transaction is determined by the amount of data and resources needed to process the transfer.
This way, a player is not going to be charged a few dollars for each minor transfer. It is not only convenient but also important for those who control their accounts and usually make small deposits.
The Ethereum Classic platform is fully decentralized, thus cannot be hacked. National governments cannot influence the network’s transactions, too. Smart contracts work in a way that makes it impossible to change the rules after the contract has been created. If you gamble with ETC using a smart contract, the casino will not be able to cheat you by not paying out your winnings.
Speaking of hacks, a seemingly reasonable question may arise: why is it that the platform “cannot be hacked”? We do know that the Ethereum ecosystem has split into ETC and ETH as the result of a colossal theft.
It’s important to realize that nobody has ever hacked Ethereum. The hacker’s target was The DAO, a decentralized crowdfunding platform that had been deployed on the Ethereum blockchain. The fatal oversight had been hidden in the code of The DAO, not in Ethereum. The split was the result of the decision to update the blockchain and get the money back.
It’s not a secret that fiat casinos often require a whole bunch of personal data from gamblers. It is usually not a thing with ETC casinos. The privacy of payments is one of the central ideas behind the philosophy of digital currencies and blockchain.
So, Ethereum Classic has the following advantages:
1. Transaction speed
2. Low miner fees
Choosing this cryptocurrency for gambling, you won’t lose on it. Its powerful technology, devoted community, and unquenchable enthusiasm make ETC quite an appealing solution for online casinos and sportsbooks.
If you want to use ETC in online casinos, you will need to buy this crypto at some exchange that has the required currency pairs. Here are several popular platforms:
Exchange your fiat money for cryptocurrency, and you will be able to send Ethereum Classic to your online casino account.