The world of online gambling has been moving at a revolutionary pace, thanks to technological advances in recent years. Bitcoin, the world’s most widely adopted cryptocurrency, has significantly impacted the way bettors deposit, withdraw, and carry out transactions in the online gambling scene. Now, another significant advancement is set to further revolutionize the industry: the advent of 5G technology. The promise of much faster, reliable, and efficient data transfer rates that 5G technology brings could have enormous implications for Bitcoin gambling.
5G, the fifth generation of wireless communications technologies, offers far more than just faster download and upload speeds. It also offers reduced latency, energy savings, cost reductions, higher system capacity, and massive device connectivity. All these capabilities stand to profoundly impact the operations of Bitcoin casinos and offer gamblers a vastly enhanced experience.
The Power of 5G in Online Gambling
To appreciate the potential impact of 5G on Bitcoin gambling, it’s vital to understand what it offers beyond the current 4G or LTE networks. 5G networks can deliver up to 10 gigabits per second (Gbps) data rates to the end-users – that’s up to 100 times faster than the 4G networks that top out at around 100 megabits per second (Mbps).
How does this speed translate to Bitcoin gambling? Casino games, primarily the live versions, can sometimes lag using current technology. This can disrupt the online gaming experience for gamblers. However, with the ultra-fast and reliable connections that 5G brings, Bitcoin casino platforms can ensure that their live casino games move smoothly without lag or delay.
Furthermore, the significantly reduced latency – the delay in data transmission – afforded by 5G could enable real-time data processing, and hence, the evolution of more immersive gambling experiences.
The difference is especially notable in the so-called real money games, where every millisecond can potentially affect the outcomes. With 5G, developers could, for instance, create more immersive live casino environments involving real people playing in real-time, instead of against random number generators.
5G and Mobile Bitcoin Gambling
To understand the potential of 5G in the mobile Bitcoin gambling segment, consider the current momentum the sector has gathered. According to a Technavio 2017 market research report, mobile online gambling registered a compound annual growth rate (CAGR) of nearly 19% globally.
5G promises to turbocharge this growth. Faster connectivity means plusher graphics, richer sound, and lag-free playing experience, essentially improving the overall gambling experience on mobile. It also means that Bitcoin casinos can offer many more options to players, thanks to the augmented bandwidth 5G brings.
As 5G networks roll out across the globe, investors and operators in the Bitcoin gambling industry would do well to adapt to the technology quickly. In this way, they can fully leverage its potential and provide their customers with an unparalleled betting and gaming experience.
5G, Bitcoin, and Fairness in Gambling
Beyond improving user experience and facilitating the development of more sophisticated Bitcoin casino games, 5G could also contribute to strides towards more transparent and fair gambling.
One of the key features of 5G is the ability to handle enormous amounts of data quickly and efficiently. Consequently, 5G could support the real-time transfer and processing of information in a blockchain network, which underpins Bitcoin transactions.
Blockchain technology, with its inherently transparent and secure nature, has long been touted as a means to ensure fairness in games. However, there are speed constraints due to the current limitations of network technology. With 5G and its vastly superior data handling capabilities, these constraints can be greatly mitigated.
In Conclusion
As 5G technology continues to roll out worldwide, Bitcoin gambling stands to be one of the sectors most impacted. With faster, more reliable connections, the potential for complex, graphically rich games increases significantly. But beyond improved user experience, the technology can also contribute to major strides in transparency and fairness within the industry.
5G stands to be a game-changer in the industry. However, it is important to note that the full potential of this revolutionary technology will only be realized as it becomes more widespread. As it stands, Bitcoin casinos, gamblers, and the industry as a whole have a lot to look forward to.
Sources:
1. Technavio. “Global Mobile Gambling Market 2017-2021” September 2017.
2. GSMA. “The 5G Era: Age of Boundless Connectivity and Intelligent Automation” February 2017.
