Impact of Bitcoin Halving on iGaming Industry
SOFTSWISS, a global tech expert with over 15 years of experience in iGaming, recently discussed the impact of Bitcoin Halving on the iGaming realm. The Bitcoin Halving event that took place on 19th April 2024 has significant implications for the future of iGaming. SOFTSWISS, known for its crypto-friendly iGaming software solutions, shared insights on how this event could shape the industry.
Bitcoin Halving is a scheduled event that occurs every four years or every 210,000 blocks. During this event, the mining reward is halved, reducing the number of BTC earned per mined block. This scarcity mechanism ensures that the total supply of Bitcoin never exceeds 21 million coins, aligning with its deflationary principles.
Historically, each halving event has led to a rise in Bitcoin’s price due to reduced supply and increased scarcity. The recent halving in April 2024 reduced the mining reward to 3.125 BTC per block, setting the stage for potential price surges in the future.
Forecasts and Anticipations
To delve deeper into the impact of Bitcoin Halving on iGaming, SOFTSWISS invited Bradley Peak, a blockchain expert and tokenomics adviser, to share his insights. Anticipations include:
- Bets Rise: The halving is expected to increase Bitcoin’s value, potentially benefiting Bitcoin-friendly iGaming brands.
- Crypto Adoption Increase: Implementing crypto-friendly models can enhance player trust and transparency in iGaming, revitalizing unique gaming experiences.
- Regulatory Frameworks Improvement: The halving may prompt regulatory bodies to reassess cryptocurrency gambling regulations, ensuring fairness and responsible gaming.
Bradley Peak emphasized the importance of adapting to these changes, investing in learning and development, and ensuring platform security.
About SOFTSWISS
SOFTSWISS is an international tech company providing software solutions for iGaming projects. With over 2,000 employees and offices in Malta, Poland, and Georgia, SOFTSWISS offers a comprehensive product portfolio, including the Online Casino Platform, Game Aggregator, Affilka affiliate platform, Sportsbook Platform, and Jackpot Aggregator. In 2013, SOFTSWISS introduced the world’s first Bitcoin-optimized online casino solution.