When talking about Dogecoin vs Bitcoin, it is worth mentioning that it actually started out as an actual confrontation because back at the times when DOG entered the arena, the Bitcoin reputation was quite questionable due to some inner conflicts. Another intention of the new crypto-currency was to reach out to more customers and eventually replace Bitcoin as money that can actually be used online, not stored.
Apparently, there was the need for some alternatives on the digital currency market, because in 2016, DOG even entered the top 20 range in total market cap. The amount of capitalization reached USD 22 million.
Doge has the same features as Bitcoin or other currencies, such as Litecoin or Ethereum. It is also a decentralized system over which no governmental institutions have power, and it provides anonymous transactions. Just as BTC, LTC, or ETH, it can be used from desktops, portable devices, or online locations to pay for products or services, or exchanged.
While up until recently it was mostly used to tip content creators on the Internet, in 2016 it also became a powerful participant of the online gambling industry. This happened due to one quite significant difference from Bitcoins. Time to process a financial transaction and produce a block within this network requires only 60 seconds. This is less than time needed within any other competing blockchain.
Miners within Doge earn bigger rewards, so the speed of mining is rapid with predicted growth by 5.2 billion Dogecoins yearly. Another aspect that makes the mining so rapid is no need for specialized equipment due to the script technology that differs from the one at BTC.
With these facts taken into consideration, DOG becomes quite a promising currency option for the nearest future, even though today it loses in terms of diversity of casino options.
Safety of Dogecoin Gambling
Dogecoin gambling is as safe as betting and wagering in any other digital currency. The system itself is legal and stable. Codes and encryptions protect personal information. Payments are not reversible. They cannot be affected by political instabilities, governmental authorities, or third-parties.
As any other digital currency, this one is quite volatile, and this is one of the downsides of gambling on games, dice and slots with Dogecoin. Another important question is the reputation of the chosen operator. Is it a safe and licensed website? Or is it a rogue gaming destination? We advise players to research any place to bet and win prior to registering.