As the technological advancement after the 1990s has brought in much progress in the online gaming industry, many players worldwide have grown fond of online casinos. Due to this, various games became available online, and casino sites were the most popular among players. These casinos are virtual casinos similar to traditional casinos but played from the comfort of the homes via various devices like tablets, computers, and smartphones.
Financial transactions through cryptocurrencies have become a trend when playing in casinos. Almost all online casinos accept cryptocurrencies like Bitcoin, Dogecoin, Ripple, Polymatic, Ethereum, Binance Coin, and other cryptos.
Apart from the almost free transaction fee payment process, many other benefits, like a no-deposit crypto casino with easy terms and conditions, are offered by SatoshiHero, an online casino game provider.
The no-deposit crypto casinos help players to multiply their prize money in multifold. Apart from that, they provide free bonuses to casino players, which allows players to win real money at the same time.
Growth Of Online Casinos
The casino industry in gaming has shown tremendous growth in the last decade. One of the main factors is the legalization of online gambling-type activities, which helped in the development of the economy around many parts of the world. The licensed casinos online have slowly but steadily inched themselves into new markets, which helped generate mind-blowing revenues.
By the year-end of 2021, the online casino market worldwide had achieved total revenue of more than Two hundred and thirty billion US dollars. This was mainly due to the pandemic effect of coronavirus (COVID-19), which had turned itself into an epidemic around the world in the same year.
This pandemic closed the doors of many traditional types of brick-and-mortar gaming houses. With the help of technological advancement in casinos providing online games, the total revenue from these casinos in the US is forecasted to increase multifold by the year-end of 2024.
Technology Behind Secure Gaming
In today’s advanced digitized technological age, cyber-security and trust go hand in hand in assisting a secure gaming environment. This ensures players playing games in casinos that dependable platforms help protect both their personal and financial data when playing online games.
There has been tremendous advancement on the technological side to protect players by providing secure conditions with safety to relish their favorite games. The technology that is behind safe gaming, includes,
A meaningful way that helps the present existing technology of cyber-security to protect those players playing games is by encrypting all their data transactions online. All leading casinos make use of encrypted protocols that are advanced significantly, like Secure Sockets Layer (SSL), which helps secure all types of communications that take place between various kinds of electronic devices used by the players and the casino computer servers.
The encrypted SSL data ensures that all sensitive information related to a customer, including their personal credit card numbers, other personal details, and various other existing financial data, gets transferred through a secured encrypted data environment.
Players’ privacy is maintained as these online casinos follow data protection regulations stipulated by the General Data Protection Regulation (GDPR).
Random Number Generator Technology
Random Number Generator (RNG) is a blueprint type of algorithm that ensures equity and randomness when playing online games, and that helps in gaining players’ trust.
The RNG in itself is an advanced software module that helps generate random and neutral end results for every game played. Be it a game of card reshuffle, rotating slot machine wheels, or even a wheel turning in a roulette game, this technology in Random Number Generator ensures that no outside factors ever impact the final game results.
All leading trusted online gaming platforms make sure to do auditing by a third-party firm to validate the identity and honesty of Random Number Generator technology, ensuring fairness, trust, and satisfaction for gamers in online games.
Multiple Layer Of Secured Account
The cyber-security of gaming accounts is among the most essential aspects the online gaming industry requires. Technological advancement has helped introduce various multiple layers of cyber-security to safeguard and secure players’ gaming accounts.
Most of the leading online platforms have implemented advanced validation procedures like Two-factor authentication (2FA), which requires players taking part in casinos to prove their user ID through another separate device while logging in to conduct specific account-related activities like transferring funds, changing account information or other information related to the security of gaming accounts of the players.
This type of extra multiple-layer of safety to the gaming accounts helps in decreasing the risk of unapproved online entry, even after the gamers’ login details get compromised. Gamers’ behavior scanning and irregularity observation set-up is another multi-layered safety system that most online platforms make use of. They help in monitoring those transactions that are purely monetary in nature and also keep tabs on the behavior patterns of players participating in online gaming.
It helps in the detection of any suspicious activities, and if found, these activities will get immediately flagged down by the system. After flagging, the cyber-security team from the casinos will take over and will implement immediate action to protect the game’s account.
All players participating in online games frequently do financial transactions, whether depositing or withdrawing money, which requires proper security. The process of payment has been stirred up, especially in the gaming industry, as it offers secured payment options. Most leading online games provide users with advanced encryption of existing data and other forms of fraudulent prevention measures.
Nowadays, even cryptocurrencies are gaining the most popularity as online casinos’ most secure method of payment. The blockchain ensures transparent and protected financial transactions that help reduce fraud.
Cryptos help in offering faster and more brisk forms of private financial transactions, another layer of secured payment, especially for players more anxious about sharing their financial transaction details online.
Fraud Sensing Through Artificial Intelligence
As casinos present on online platforms are gaining popularity among the vast number of gamers around the world, so are cyber-security threats getting more sophisticated. Hence, to stop future probable fraud and have a peaceful, secure financial environment, most casinos are using Artificial Intelligence (AI) to detect fraud.
The algorithm codes generated with the help of artificial intelligence can simultaneously check the huge detailed data in real-time and then locate and stop any peculiar existing patterns in the user accounts and abnormalities that could lead to fraud activity.
By making use of artificial intelligence, most of the game providers existing on online platforms are expanding their casino preview with regard to its cyber-security measures, as it helps in demonstrating the commitment towards an environment of gambling that is exceptionally safe and trustable for gamers participating in games online through casinos.
Implementing an artificial intelligence system for detecting fraudulent and periodic routine security auditing by certifiably approved mediator organizations ensures an overall secure and trustable online gaming casino where gamers participate without any worries.