What are bitcoin casinos & how do they work?

For those unfamiliar with the digital currency realm, the question arises: What are bitcoin casinos, and how do they operate? Bitcoin Casinos are essentially online gaming platforms that accept and facilitate payments in the form of bitcoins, a decentralized digital currency. These casinos function similarly to traditional online casinos, offering a wide array of gambling games from slots to table games. However, the key difference lies in the payment system, as bitcoin casinos utilize blockchain technology to ensure secure, anonymous, and often faster transactions. Players can deposit and withdraw funds using their bitcoin wallets, and the entire process is generally free from the intermediaries and fees associated with traditional payment methods. The question begs, how do these bitcoin casinos ensure fairness and trustworthiness? This is often achieved through the use of provably fair gaming algorithms and the transparency of the blockchain ledger.