- Transparency of transactions
- Lack of central regulation
- Complete anonymity
Imagine Kunal, an MIT student who has installed a program called BOINC on his computer. Kaley from Nebraska has also set up BOINC; she is mining Gridcoin. During the mining process, Kaley’s PC does its bit of computing for Kunal’s large-scale scientific project. As a result, the girl gets some cryptocurrency while also helping the student to make a startling discovery. What else is good about this cryptocurrency?
If you want to understand the true beauty of Gridcoin, you should know what distributed computing is.
In brief, the main benefits of using GRC in gambling are fast transactions and prospects for coin’s growth. Bitcoin transactions are confirmed in 10 minutes or much more; in the case of Gridcoin, the confirmation takes 90 seconds. Its road map includes the integration of smart contracts, which can have a huge effect on GRC price in the future.
And if you have been mining GRC only because you wanted to help in some studies, this cryptocoin would be quite easy to spend.
At the moment, there is only one website that offers casino games and accepts GRC ― it is Crypto-Games.net.
This Gridcoin casino allows you to play the following games:
– Video poker
You can bet from 1 to 500 GRC in slots; in blackjack, Plinko, and roulette, this range is from 1 to 1100 GRC. As for dice, the amount depends on the payment.
The minimum house edge is 0,8% (dice), while the maximum is 2,7% (roulette). You can check the fairness of each game’s result because the website has implemented the Provably Fair algorithm.
Crypto-Games.net makes it possible to get some GRC for free and play without a deposit by using the built-in faucet (Your account > Rewards > Request amount). Good luck!