From the invention of the Liberty Bell machine by Charles Fey to online gambling, the casino industry has changed drastically and evolved rapidly over the years. When the internet landed on the scene, the gambling industry changed completely and in 1994, one of the biggest names in the gambling industry today, Microgaming, set up the very first online casino platform.
As smartphones advanced, online gambling quickly shifted to mobile gaming, with many players preferring to play on their mobile device instead of desktop. Below, we’ll take a look at the new and exciting technology that’s currently shaping the casino industry, from cryptocurrency and bitcoin gambling to virtual reality and smartwatch gambling.
Bitcoin gambling is a relatively recent way of making transactions at an online casino. It started gaining popularity around 2012 but recently, Bitcoin gambling and other digital currencies like Ethereum and Ripple are becoming even more common, with more online casinos which support digital currencies popping up everywhere.
The way Bitcoin gambling works is simple, and it offers many advantages over traditional payment methods. To play at an online casino with Bitcoin, you simply need to open a Bitcoin Wallet account, deposit money into it, and use it to play at your favourite Bitcoin casino.
One of the main reasons why Bitcoin gambling is on the rise is because it’s a safer way to deposit money online. Bitcoin transactions are anonymous and secure, which means you don’t need to provide sensitive information as you would if you’re using your bank account or an e-wallet.
Another advantage is that unlike traditional payment methods, there are no costs or fees attached to bitcoin transactions since there are no banks or third parties involved. This can save you a lot of money especially if you’re making big deposits and you’ll often find good bonuses to take advantage of at Bitcoin casinos as well.
Unlike Bitcoin casinos, there aren’t as many virtual reality casinos available yet, but this could very well be the future of online gambling. The concept of virtual reality in casinos started around 2014, but lately, it’s gaining a lot more popularity as online casinos strive to provide the most entertaining, immersive, and realistic experience for their players, all from the comfort of their own home.
A virtual reality casino is essentially a virtual version of a land-based casino that is accessed through a virtual reality headset. With this equipment, players can virtually walk through the casino floor, transporting themselves to Las Vegas style destinations through this device. The experience is very realistic, with bars, slot machines, and tables to try out, as well as people’s avatars walking around the casino.
Although online casino technology has advanced incredibly with high-end graphics and even live games streamed in real-time, it’s hard to compare it to the ultra-realistic and immersive experience that you can get with a virtual reality casino. The only downside to virtual reality casinos is that a VR headset and equipment doesn’t come very cheap, but other than that, this novel way of gambling is exciting and incredibly realistic.
Blockchain, like cryptocurrency, is one of those terms we haven’t stopped hearing about lately. In simplified terms, blockchain refers to a technology that allows a network of people to keep secure records of transactions and trades. Essentially, it’s a chain of ‘blocks’ where each block contains data that is connected with other blocks in chronological order, creating a chain of data blocks linked together.
Blockchain is a great technological opportunity for online casino operators because of the high level of transparency it brings. With blockchain technology, transactions are recorded securely in a blockchain ledger that can’t be tampered with. It’s a lot like a big spreadsheet that everyone can access but no one can edit the data in it. Users also benefit from this level of transparency for their transactions and the games they play as well because this technology ensures that games are fair and can’t be rigged.
Blockchain was initially created for the use of cryptocurrency to record every transaction in a way that can’t be deleted. This means that as bitcoin and cryptocurrency gambling continue to be on the rise, blockchain technology will likely be implemented across many online casinos and mobile casino UK sites.
Playing your favourite casino games on your watch is probably not a concept that every casino enthusiast is familiar with, but wearable technology is quickly entering the gambling industry and shaping the way players will gamble in the near future. Even though smartwatches themselves are a relatively new technological invention, the gambling industry has quickly caught up with this emerging trend and many iGaming industry giants have released or are in the process of creating gambling apps that are compatible with smartwatches.
The concept started emerging around 2014 first but it has yet to become a mainstream way of gambling online. However, considering the fact that in the past few years the large majority of players have switched to playing on their smartphone instead of desktop, it’s likely that the same shift will happen with smartwatches.
Perhaps one of the reasons why smartwatch gambling hasn’t quite picked up yet is that playing on such a small screen, especially if you’re playing games like online Roulette or Poker, takes some getting used to. There are benefits to smartwatch gambling too, however, including the ability to play on the go and the ability to multitask while playing.
As technology continues to advance and evolve, the gambling industry is being shaped alongside these technological advances. When slot machines were first invented, you could only play them at a real land-based casino with a limited selection of games. Now, players have the choice of hundreds of online casinos including the convenience of playing on the go on any device, including smartwatches. The way players make transactions has also changed with the emergence of cryptocurrencies, bitcoin gambling, and blockchain technologies which are becoming more and more mainstream in the gambling industry. With virtual reality, wearable tech, and other exciting technologies being implemented in the gambling industry, the future of gambling is set to be innovative and exciting.