If you want to try something different when gambling online, then Hedera could be the cryptocurrency for you. HBAR, or Hedera Hashgraph, as it is known, has only been around since 2017, when it was founded by Dr Leemon Baird and Mance Harmon. Since 2018, this decentralized public ledger has run its own coin (ICO) and permitted developers to get involved in producing dApps that run via Hedera Consensus Service.
Hedera continues to grow, despite being one of the smaller cryptocurrencies in the online gambling world. Find out what this means for you and why HBAR could be a good fit for gambling online with cryptos as we put the digital currency under the microscope. Let’s begin by exploring some of the top Hedera crypto casinos you can join today.
Hedera Hashgraph (to give it its full name) is essentially a platform that provides fast and secure payments for dApps (Decentralised apps). It uses DAG (Direct Acyclic Graph) technology which helps it stand out from some of its many counterparts.
Hedera is notable for using a consensus algorithm (Hashgraph) that processes transactions smoothly and without issue using real-time instructions. Network operations and guaranteed decentralization are ensured by bringing in industry experts and global organizations to oversee its governance model. Naturally, this is a different approach taken to some of its notable rivals.
While there aren’t many of them out there, Hedera casinos are online gambling sites that facilitate the use of HBAR to deposit and withdraw when playing online. Of course, it’d be nice to bet on games using HBAR, too, but this isn’t as common as sites that merely accept and process transactions using Hedera.
As touched on above, Hedera is a very handy cryptocurrency for depositing and withdrawing at casinos, but there aren’t too many crypto gambling games that facilitate HBAR stakes. Those that do largely consist of in-house games, such as Crash games, basic card and dice-based games, and other lottery/number-betting titles.
There have got to be perks to using Hedera to gamble online, right? As it happens, there are. We’ve highlighted the main ones for you below. They include:
We have no issues with Hedera’s security setup. The crypto option uses a consensus algorithm that is trusted and has robust security options to prevent fraud and hacking. High transaction speeds and low latency are made possible at casinos thanks to the DAG technology deployed by Hedera.
Hedera allows developers to construct dApps using its consensus service. This means that there is potential and scalability for gambling dApps in the future. Furthermore, it complies with many international regulations, as its governance model is overseen by council members and industry insiders.
What about the disadvantages? Like any crypto, there are downsides to using Hedera, too, and these include the following:
Unfortunately, while Hedera has all the hallmarks of a great cryptocurrency, it isn’t widely available at betting sites. This means that you’re only going to have a limited selection of sites to choose from.
While Hedera is accepted at some casinos, and its DAG tech should allow casino operators to create gambling dApps, very few have done so. There aren’t many software providers out there which facilitate HBAR stakes in their games.
Before joining any Hedera casino, you may wish to consider the following criteria:
To make things easier for you, we’ve included some top Hedera crypto casinos for you right here. They include:
If you want to purchase HBAR and get started, follow these short steps:
Hedera is a practical cryptocurrency, even if it isn’t necessarily one which has yet taken the crypto-gambling world by storm. It is scalable, and there is definitely potential for gambling dApps to broaden its appeal. For now, though, HBAR remains one of the smaller, lesser-known cryptos you can use to gamble online.
Not many of them do, but that number is gradually increasing.
No, but crypto casinos may convert your HBAR deposit into another option for gameplay.
This is going to vary from crypto casino to casino.
We say yes. There is nothing we’ve come across to make us think otherwise regarding Hedera’s security.
They should be, but each casino works differently. The results will be mixed when it comes to your payment providers and wallets, too.