Now that the anticipated Ethereum merge is complete and it formally switches to a proof-of-stake system, Dogecoin (or Doge) becomes the second largest proof-of-work coin after Bitcoin by market capitalization.
There's a slight difference between the proof-of-work (PoW) and the proof-of-stake (PoS). Both algorithms keep the blockchain secure so users can add new cryptos. However, they differ in how the validation is done. In the proof-of-stake, crypto owners validate the block transactions based on the number of coins staked. In addition, this type of verification consumes a lot less energy, and developers now focus on rolling up contracts to reduce costs and enable scalability.
As a result, Dogecoin, together with Bitcoin, are now the two leading cryptos that use the proof of work. These aren't just the similarities between the two leading cryptos. They're both popularly used for online gambling and are one of the preferred coins here at Pasino.com.
A brief history of Doge
The Doge has an exciting and colorful history. Initially introduced in 2013 as an inside joke that makes fun of the crypto crash, Dogecoin has become one of the industry's top crypto with a market cap of nearly $8 billion. It's considered the first 'meme coin' or even the 'first dog coin' after it became popular on Twitter.
Despite its satirical background, Dogecoin has grown in popularity and has expanded its use cases to include online gambling. As one of the most beloved cryptoscurrencies, Doge is now accepted in many established online casinos, including new crypto gambling sites.
Advantages of Dogecoin gambling
Now that crypto's history is out of the way, let's trace the many reasons Dogecoin is a popular payment option for online gambling.
One reason for its popularity is its speedy and low-cost transaction. Like Bitcoin and most cryptos, Dogecoin transactions boast fast payments in minutes. However, payments using traditional banking methods like cards and bank transfers may take up to 7 or even 10 business days, so Dogecoin simplifies the process.
The Doge token runs on the SCRYPT algorithm, so it's possible to complete fast transactions on the blockchain network. For example, while it takes 10 minutes to complete a new block on Bitcoin, it only takes a minute in the Dogecoin blockchain.
Another reason for Dogecoin and crypto's popularity is the privacy it offers to bettors. Depositing funds in your casino account is fast and easy without the need to overshare information. To deposit funds, you only need to submit your Dogecoin crypto wallet address and the amount.
At Pasino, depositing Dogecoins is made easier: proceed to your 'Wallet,' the QR code, and just wait for three confirmations, and you're done!
Finally, many players love Doge and crypto gambling for their lucrative bonuses and promotions. In addition to the standard signup offer, most crypto casinos, Pasino included awards players with lucrative bonuses. for example, depositing at least $30 adds an 80% bonus!
In addition, Pasino.com also runs exciting contests on Twitter that reward lucky followers with free Doge coins!
These are just some reasons that make Doge a well-loved crypto when gambling online.
Popular Dogecoin Casino games to play
Like Bitcoin, players can use Dogecoin on various casino games. In top online casinos, the most popular games to play in real money are online slots, progressive slots, table games, and poker. You can also wager Dogecoin on live dealer games with a human dealer running the show.
To maximize the blockchain gambling experience, we recommend playing provably-fair games like Crash, Hash Dice, and Mines. Provably fair games take a page from the blockchain for its transparency. Players can verify the fairness and randomness of the game outcomes by checking the Server Seed, Client Seed, and Nonce. All these games are available at Pasino.com, which you can play using Dogecoin or other cryptos.
