The History of Online Casinos and Bitcoin

As two of the biggest movers and shakers in the world of digital finances and technology, it behoves us to know as much as possible about online casinos and Bitcoin. These days, it seems that many of us know very little about cryptocurrency and how it is impacting on our lives. And we probably only know the basics about online casinos as well.

It’s fair today that online casinos and Bitcoin go together like a match made in Utopia. But it’s important we understand how much they complement one another, as well as how we can benefit from them as players. That means you need to look at the history of each and gain a deeper understanding, and that’s why we came up with this post to help you. Aren’t we nice?!

History of Online Casinos

The history of online casinos is one rich in detail and importance, and we have to go all the way back to 1994. This is the year in which Antigua and Barbuda, of all countries, passed an act to allow licenses for those who are looking to open online casinos. After that other nations began to follow suit, and the first ever wager in an online casino was at InterCasino in 1996. Back then there were only 18 games available online.

The first progressive jackpot slot was developed by Microgaming and launched in 1998, it was called Cash Splash, and you can still play it online even today. Fast forward to now, and online casinos are ubiquitous. They are almost like a whole new industry of their own, and the industry is growing at a massive rate. Online casinos have become an inescapable part of gambling and gaming culture.

History of Bitcoin

Bitcoin is a cryptocurrency that was created in late 2008 and launched in early 2009. The man responsible for creating it was a reclusive and enigmatic stranger known as Satoshi Nakamoto. The name is a pseudonym, and the true identity of Nakamoto has never been discovered – this has actually added more legendary status to Bitcoin as a currency. After the release of Bitcoin, people started to “mine” the currency in order to earn more Bitcoin.

What started as a small movement has turned into a global phenomenon. The security aspect of Bitcoin has made it hugely appealing, and businesses have even started to accept it as currency. Bitcoin casinos, shortened to BTC casino, are a relatively recent phenomenon, but you should certainly expect to see even more of them in the future.