While the UK’s best Bitcoin casinos boast a wide range of casino games, including slots, roulette and blackjack, it’s important to check the games library for your favourite titles before you sign up. It’s pretty easy to spot a licensed casino- they license number and governing body’s logo will feature on the site. Governing bodies, such as the UKGC, vet licensees regularly to ensure they have measures to ensure fair gameplay and secure payments and their sites. The best Bitcoin casino sites offer round the clock support and are contactable via UK telephone numbers, email and live chat, but others will offer a more limited level of customer service. Casinos that accept Bitcoin usually offer bonuses to new customers and existing players alike, ranging from free spins to matched deposits. However, it’s important to check the terms and conditions to ensure that Bitcoin deposits are eligible for these bonuses- some bonuses are reserved for a small selection of banking options. Check the terms and conditions before you sign up for any withdrawal restrictions. Keep an eye out for information on how long it takes to process withdrawal requests, and the minimum amount you can withdraw to make sure it suits your personal preferences.
Compared to previous designs for payment pools (such as joinpool), the CoinPool design focuses on allowing participants to make offchain commitments to transactions between the members of the pool. This week’s newsletter summarizes the CoinPool payment pool proposal and the WabiSabi coordinated coinjoin protocol. 910 Assigns BIP85 to Ethan Kosakovsky’s Deterministic Entropy From BIP32 Keychains proposal. You might not need to use the casino’s customer support, but it’s best to have options if a problem should arise. The games library is one of the most important factors when it comes to choosing an online casino, and paying with bitcoins doesn’t mean you have to compromise on these games. ● React native library photon-lib announced: Tankred Hase shared a new library, photon-lib for building Bitcoin wallet features using React Native. The library supports HD wallets and light client functionality but is still under development and not yet production ready. The coordinator can then provide an anonymous credential for each output that allows the client to later anonymously submit the output to the coordinator for inclusion in the transaction template. Here are some steps you can take to protect your crypto funds.
This gives the taker knowledge of which inputs fund which outputs for all participants in the coinjoin, but it also ensures that each maker only has knowledge about which of their own inputs funds which of their own outputs. To prevent that coordinator from learning which inputs fund which outputs, users anonymously commit to the outputs they want to create, receiving a chaumian blinded signature over the commitment. The signature provably came from the coordinator but the unblinded signature can’t be connected to the specific user who received the blinded signature. If arbitrary amounts were allowed, the blinding would prevent identification of the lying user and make it impossible to ban them from future rounds, allowing an unlimited DoS of the protocol. These governing bodies put rules in place to make sure casinos are providing players with a safe and fair gambling experience. The best way to stay safe when playing online casino games is to choose a licensed site. Why play Bitcoin casino games if you can’t get your hands on your winnings? You should only ever play at licensed online casinos, regulated by governing bodies- such as the UKGC.
Keep an eye out for emails claiming to be from your Bitcoin wallet company. You should never open links from emails claiming to be your Bitcoin wallet or requesting login information for the wallet, reporting any suspicious activity directly to the support team. These companies should never request login information for your Bitcoin wallet over email or telephone, so you should treat any requests as a ‘phishing’ attempting. However, the lack of central control over Bitcoin has made it a target for hackers in recent years. This reduces the risk of hackers using your finances fraudulently. ● Wasabi uses a centralized coordinator who organizes every coinjoin made using that software. We’d recommend using two-factor authentication (2FA) to protect your Bitcoin wallet. ● Desktop version of Blockstream Green wallet: Blockstream has released their Green wallet for desktop on macOS, Windows, and Linux. ● WabiSabi coordinated coinjoins with arbitrary output values: in the coinjoin protocol, a group of users collaboratively create a transaction template that spends some of their existing UTXOs (inputs) to a new set of UTXOs (outputs). Instead, Wasabi requires that all outputs either belong to a small set of allowed sizes (e.g. 0.1 BTC, 0.2 BTC, 0.4 BTC, etc) or be an unblinded change output.
