For those not in the know, Chainlink is built on Ethereum and is a decentralized network of blockchain oracles. Oracles – better known as data providers – are used to assist smart contracts to understand external data. Chainlink is not a pioneer in this field, but it is one of the industry leaders. As Chainlink has proven itself popular with cryptocurrency enthusiasts, it has begun to appear in the online gambling sector.
Show more Today, Chainlink has its token, known as LINK. It regularly appears in the top fifty cryptocurrencies around and can be used to process payments at a handful of online and cryptocurrency casinos. Of course, they are the focus of our attention today. Join us as we explore the ins and out of Chainlink casinos and explain how they work and why you might want to join them. Let’s begin.
Today, Chainlink has its token, known as LINK. It regularly appears in the top fifty cryptocurrencies around and can be used to process payments at a handful of online and cryptocurrency casinos. Of course, they are the focus of our attention today. Join us as we explore the ins and out of Chainlink casinos and explain how they work and why you might want to join them. Let’s begin.
Chainlink has a history that stretches back to 2014. However, it didn’t appear until 2017, when the Chainlink network was activated to assist with smart contracts on Ethereum’s network. Chainlink is open source (for the most part) and provides data to networks to process “Chainlink Jobs”. Operators are paid in LINK tokens (much like Bitcoin miners), and this currency can be used on the Chainlink network. LINK tokens can be used directly as a currency for processing smart contracts, and one such example may be in the cryptocurrency casino world.
Make no mistake about it. There aren’t many Chainlink casinos out there. It may consistently appear in the top fifty cryptocurrencies on the net, but LINK tokens just aren’t that big in the gambling sphere yet.
Numerous Dapps will accept Chainlink, so looking for Ethereum casinos, in particular, can be advantageous. Chainlink casinos are naturally any betting site that allows you to process payments using this payment provider. However, there are dedicated sites that only accept LINK tokens, too, and these tend to be unique betting domains.
There aren’t many online casino games from major, established developers where you can expect to use LINK tokens to wager. That may sound as though it is a waste of time to play at Chainlink sites. However, that isn’t necessarily true. Chainlink casinos may carry in-house games. These can’t often be found at other sites, and they are custom designed to use LINK tokens. If you fancy playing unique titles loosely based around baccarat, roulette, blackjack, and dice games, then Chainlink casinos could cater to you. Just don’t expect top slot titles to appear at these sites.
There are always pros and cons of using any cryptocurrency to gamble online. We’ve listed the advantages of playing with LINK tokens at crypto casinos below. They include:
Some of the casino games you can find at Chainlink casinos will be original, proprietary, and in-house releases. These are privately developed games that can be a lot of fun, as they can’t be found at many other sites.
LINK tokens aren’t difficult to come across, and right now, you’ve got a decent exchange rate. This makes them affordable and relatively stable at a time when many other cryptocurrencies are highly volatile.
Because it exists on Ethereum’s network, the ability to use Chainlink for executing smart contracts is quite appealing. There are other ways to do this, but this is the primary purpose of using Chainlink instead of alternatives.
There are a few disadvantages to using Chainlink at crypto casinos. Naturally, our team has identified two reasonable flaws, and we’ve listed them below.
There simply aren’t many LINK-friendly games out there at online casinos. You may find yourself severely limited in terms of the types of titles you can play online.
It is tough to find well-licensed and regulated Chainlink sites. It is even tougher to discover if games are fair and certified. For this reason, we recommend you follow our advice below for choosing the top LINK casinos.
Naturally, we would recommend that you simply choose one of the Chainlink casinos that we represent here, and they have been certified as fair and safe by our team. However, if you wish to go a different way, might we recommend sticking to the following tips?
Of course, we recommend that you choose our top Chainlink crypto casinos to play at. We’re going to introduce you to one of our most trusted sites below:
Obtaining LINK is relatively the same process as buying other cryptocurrencies. Here are the steps you need to take to get started.
Chainlink casinos are not as commonplace as you might think. However, there are casinos that both accept LINK tokens and allow you to process smart contracts on the Ethereum network using Chainlink. A secure and speedy option, Chainlink won’t be for everyone. However, for those who want to try something different and engage in a radically different type of gambling experience, Chainlink could be for you.
Before playing at Chainlink casinos, be sure to check out this brief FAQ (frequently asked questions) guide to make sure that you’ve got all your bases covered.
That depends on where you’re playing. We will say that there aren’t many betting sites out there offering Chainlink bonuses, but any that do exist can be found right here on this page.
Purchasing LINK is a straightforward process and affordable for most players. You’ll typically be able to purchase 1 LINK for around $15 lately. This doesn’t make it the most valuable cryptocurrency to store, but as we’ve said, it’s affordable.
Many will do that, yes. This is because few games are compatible with LINK. Therefore, when you deposit with the cryptocurrency, you will likely see your deposit converted into something else, something more user-friendly.
Ultimately, Chainlink is decentralized, it has node operators and reduced gas fees, better safety features than some rivals, and there are no issues with scalability with LINK. These are all decent reasons.
Normally, no. There aren’t very many games out there that are Chainlink-friendly. Instead, this crypto coin is typically used to deposit, not to bet on games. There are always exceptions, though.