Gambling is one of the most regulated industries online and all websites offering Aussie online pokies should be fully licensed. All poker websites must obtain a license to operate in the countries in which they want to offer their services. The institutions responsible for issuing licenses to online gambling companies, such as poker websites, will regulate the website and ensure it is following all the necessary protocols. So, there should be little worry for people when playing online poker at regulated online casinos but does the introduction of the blockchain make playing poker online more secure?

What is the Blockchain?

The blockchain is a ledger of transactions recorded digitally over time. The ledger is decentralized, and it is always expanding as more records are added. So, all the transactions made online using cryptocurrency are stored on the blockchain. The blockchain cannot be changed retrospectively without having to alter all the subsequent blocks, making it extremely difficult to make any changes without being noticed. 

The Blockchain and Online Poker

The blockchain and online poker are linked because you can make deposits to play online poker at some websites using cryptocurrency. Each time you make a deposit at an online casino using cryptocurrency, the transaction is recorded on the blockchain. Bitcoin and Ethereum are two examples of cryptocurrency that are based on the blockchain, and they are two of the most accepted forms of cryptocurrency at online poker sites.

What Can Blockchain Bring to Online Poker?

In terms of online poker players, using the blockchain means all payments become more transparent. As highlighted above, when using the blockchain, all transactions are recorded and stored and that includes payments to and from online poker websites. Using the blockchain should create a more transparent process in terms of making deposits and withdrawals at online casinos. Should you run into an issue having used the blockchain to make payments to an online poker site, it will all be recorded on the blockchain and used for reference.

All transactions using the blockchain are secure and this benefits both the player and online poker company. Committing fraud using the blockchain is extremely difficult and that makes it a more secure way to conduct transactions than some of the other methods available. In addition, transactions using the blockchain are fast and you do not have to wait to begin playing poker. If you are short on time or want to join a table quickly, using the blockchain is efficient.

While you should have no reason to remain anonymous when playing poker legally online, using the blockchain comes with anonymity. You can gamble online using the blockchain without revealing your identity. Any transactions you make when playing online poker will not show up in any records checked by a financial institution. This could be beneficial when making a mortgage application or applying for another type of loan.

So, there are ways the blockchain can make playing poker online more secure. However, it is also worth noting that playing at licensed and regulated online poker sites is also important when considering safety.

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