The best Bitcoin Cash casinos & BCH casinos
Following the fork of BCH into BCHSV and BCHABC we can no longer recommend any Bitcoin Cash casinos due to the fact both forks are now fully centralised, controlled by a single mining group each and likely to crash to zero in the near future.
The best Cryptocurrency casinos
Over the past few weeks, the bitcoin cash (BCH) community and developers have been discussing ‘zero-confirmation’ or ‘instant transactions.’ Many BCH supporters believe if the concept was broadly accepted, payments and transaction speed would be extremely fast bringing a significant competitive edge to the BCH network.
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The Quest for Instant Transactions
The zero confirmation discussion has been talked about for quite some time in the cryptocurrency space and well before bitcoin cash existed. In the early days, there were many heated debates on whether or not accepting bitcoin transactions without a miner confirmation was safe. Zero confirmation transactions are broadcasted throughout the network’s nodes but have not been etched into the blockchain. A confirmation or blockchain record doesn’t happen until the miner mines a block which contains the specific transaction. The instant transaction topic is controversial because some believe the idea opens merchants up to double spend attacks. A double spend consists of spending the same transacted bitcoin twice before the miner confirms the transaction’s first confirmation.
On the Bitcoin Core (BTC) blockchain the average time is traditionally ten minutes, but when blocks are full that time can be extended to days. Even the bitcoin cash chain has a wait time of ten minutes and blocks are never full. For this reason, lots of BCH supporters believe bitcoin cash is a perfect network to start the widespread use of zero-confirmation transactions.
Bitcoin Cash Moves Towards 0-Confirmation Adoption
There are three fundamental reasons why individuals think BCH is the perfect candidate for zero-confirmation transactions. The first is the fact that BCH has removed Replace-by-Fee (RBF), a contentious piece of code that allows an unconfirmed transaction to be replaced by one that’s similar but with a higher fee. Secondly, there is plenty of room for transactions even with low fees, and, lastly, since the BCH hard fork this past November, confirmation times are always consistent.
About four years ago before bitcoin cash was even born, Gavin Andresen and Tom Harding wrote some code that created a relay for the BTC network that would prevent double spend attacks. This patch would allow the use of zero-confirmations in a much safer manner. The code was merged into the Bitcoin Core software but was later removed by Core developers. Core developers who removed Andresen and Harding’s patch from the equation then started claiming that zero-confirmation transactions were not safe. The Bitcoin Cash community believes that zero-confirmation transactions are reliable and secure.
Moreover, BCH-focused businesses and infrastructure providers have started putting zero confirmation acceptance to the test by allowing customers to transact that way. The firm Cryptonize.it offered a challenge to anyone willing to double spend on a $1,000 transaction. A person attempted it in the end and lost $2,000 worth of BCH in the end. Just recently the Chinese exchange Bitasia started allowing zero confirmation BCH deposits as well.
Safe, Fast and Reliable
Additionally, Tom Harding recently discussed the concept of zero confirmation transactions during his speech at the Satoshi’s Vision Conference in Tokyo. Harding’s discussion called ‘Native Respend Resistance’ discussed how the network could prevent double spends and enable the network to allow instant payments before they are verified by a miner. Harding says zero-confirms work on the BCH chain but he doesn’t know how many people are trying to double spend. Harding emphasizes the BCH community needs to be vigilant. The XT developer details how he experimented with these types of transactions, and explains his opinion of the maximum advisable value for a zero-confirmation transaction.
“That should be decided by the merchants themselves but generally the value should be much less than the cost to attack it,” Harding states during the end of his talk.
Right now the subject of instant BCH transactions is being discussed widely among the community. A few businesses are trialing the idea but the concept is not yet widely adopted. Some believe the next BCH upgrade will address zero confirmation transactions and possibly add some more preventive measures against double spending.
How to Fund Your Win A Day Account with Bitcoin Cash
What is Bitcoin Cash?
Bitcoin Cash is the younger sibling of Bitcoin, striving to provide the same benefits but with a faster transaction time and without any congestion issues. As with all cryptocurrencies, it can be used online in the same way you use your dollars. You can both deposit and withdraw in Bitcoin Cash at Winaday: deposits are instant and withdrawals are processed the next working-day.
Since January 2018, Bitcoin Cash addresses have the new format (CashAddr). For more info see below.
What are the benefits of using Bitcoin Cash?
- Faster than Bitcoin
- Just as easy and secure
- Increased network stability
At Winaday Bitcoin Cash withdrawals are also processed the very next working day, and deposits are near instant!
Setting Up Bitcoin Cash and Funding Win A Day Play
Our simple guideline below details how to start depositing with Bitcoin Cash now, and you can find out more about the advantages of using this cryptocurrency here.
Create your Bitcoin Cash wallet:
There are many different wallets you can find, and as soon as this is created you can start sending and receiving payments. Jaxx is a good choice of digital wallet and Trezor a recommended hardware wallet, both support multiple cryptocurrencies including Bitcoin Cash.
Buy Bitcoin Cash:
Bitstamp and Bittrex are both popular Bitcoin Cash exchanges. You can use credit card, PayPal, bank transfer, or buy Bitcoin Cash using Bitcoin.
Deposit at Winaday:
Select Bitcoin Cash as your payment method in the Cashier. Use the address provided to send the desired amount from your wallet to your account. Alternatively if you have set up mobile payments you can scan the QR code provided. Having problems when depositing? Read more below.
New Format for Bitcoin Cash Addresses
Since January 2018, Bitcoin Cash addresses have the new format (CashAddr), no longer sharing the same format with Bitcoin. The majority of online crytocurrency exchanges support the new address format but some hardware wallets, such as Trezor, Ledger, and Keepkey, do not. The ‘legacy’ Bitcoin Cash addresses can be easily converted to CashAddr format, and vice versa, using online converters. Address in both formats are 100% equivalent. Find out more about the Cash Addr format change here.
Depositing in Bitcoin Cash:
At Winaday we use the new format as our depositing address (CashAddr). If you are having trouble depositing, you can always convert the Bitcoin Cash address displayed on the deposit page to the ‘legacy’ format using the converter.
Withdrawing in Bitcoin Cash:
Withdrawals made at Winaday will be sent to the new Bitcoin Cash address format (CashAddr). You can however convert the Bitcoin Cash address shown on the withdrawal page to the ‘legacy’ format if you continue to use the older format of address using the converter.
If you have any questions please contact Customer Support at any time.