Bitcoin Cash Gambling Sites - Prepaid Deposit Options Using Bitcoin Cash

Bitcoin is the original cryptocurrency and was the first of its kind. In its blockchain, blocks are 1MB in size and can process up to about three transactions per second. Now, with it becoming more popular, transaction time is slowing down the blockchain mainly because of the size of the blocks.

Bitcoin Cash’s blocks are 8MB and can complete many more transactions per second because of it. This should effectively eliminate the blockages the original blockchain has been recently experiencing and allow the new crypto’s blockchain to process transactions on a wider scale.

Yes. There are no laws in the United States federal government or any of the state governments that would restrict private citizens from using any type of currency they want in any capacity they see fit. Online gambling is heavily regulated in the United States and major credit cards can be challenging to use as withdrawal methods in some cases due to restrictions with banking regulations. This doesn’t apply to Bitcoin Cash because the decentralized digital nature of the currency claims no national ownership in any way.

Most countries have set no legal boundaries with the use of digital cryptocurrencies, but there are some countries ruling ruled against its use. Mexico, for instance, has passed laws against the use of Bitcoin, so they will likely hold a similar view on all future cryptocurrencies. We recommend you check the gambling and cryptocurrency laws within your country before using cryptocurrency to gamble online.

Due to a scaling issue with the original Bitcoin blockchain, cryptocurrency developers debated how speed up the blockchain. A block on the original blockchain has only the capacity of 1MB. With it becoming more popular, processing the myriad of transactions happening daily clogged the blockchain and transactions began to lag as a result.

To solve this, the developers created “Bitcoin Cash” by making a new blockchain, increasing the size of the block to 8MB, and forking from the original blockchain. This new cryptocurrency now operates in much larger blocks and can handle more transactions at a much faster pace.

This is a relative question that depends on context. In the context of online gambling websites, it remains as safe as making transfers in and out of your bank account online. The leading gambling websites in the industry use all the proper security protocols to keep their transactions safe because their reputations depend on it. Just keep in mind the value of cryptocurrencies changes regularly, so if you want to deposit the Bitcoin Cash amount equal to the currency of your country then it’s best to deposit immediately following the transfer of money from your bank to your digital wallet.

Additional information about the creation and function of the new digital currency can be found on the Bitcoin Cash official website.