Sloto Magazine Blog
As featured on Sloto Magazine
In the beginning people bartered goods and services but some 5,000 years ago, the Mesopotamian shekel appeared – the first form of currency in the world. Gold and silver were exchanged as money by 600 BCE and by the 7th century CE, China had the very first banknotes circulating. It took 1,300 years before the world saw its first credit card in 1950. Then, less than 60 years later, a new kind of revolutionary technology and currency came into being, namely: Blockchain and Bitcoin.
Bitcoin appeared in 2009 with the help of its underlying platform known as blockchain. It’s appeal was not immediately recognized but thirteen years later, blockchain is fueling a revolution with no end in sight.
What’s so grand about blockchain?
Blockchain’s innovation lies in the concept of decentralization. No central authority has control over the transactions that occur within blockchain. Rather than having a central database where all information is stored, blockchain runs on the internet and is open-sourced, with each user having an immutable copy of the platform’s ledger – the record book that keeps track of all the transactions. This is what is called a peer-to-peer network; each user has a reliable copy of every transaction, making fraud and corruption within the network a near impossibility.
The low risk of fraud has given trust to a trustless world and its appeal has grown fast since everyone can join and participate with nothing more than a smartphone and access to the internet.
Where will blockchain lead us to?
The first possibility is that cryptocurrencies will one day replace the current form of money. But the prospect is even wider as blockchain can be utilized in several areas such as real estate registration, supply chain tracking for every production industry, creating better health care records, increased business efficiency and fraud-free elections.
The world is on the verge of entering a new technological paradigm but it is important to remember that blockchain is still in its infancy. There might be unforeseen benefits and risks with this new technology that can radically transform the world we live in.
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It was in 2007 that Sloto’Cash came to birth with a bang, quickly establishing itself as a leader in the industry and getting a large number of loyal players from the start. From the very beginning, Sloto’Cash was designed to offer high-quality entertainment through abundant yet fair promotions, superb customer service and original content. From movie trivia to comics, from a prolific blog with tips, fun articles and promotions to this printed gaming magazine brimming with entertainment, our casino has always been at the forefront of rewriting the way online gaming goes about.
Few online casinos survive the first couple of years due to the fierce competition amongst online gaming sites, and yet, Sloto’Cash not only has thrived but also signaled the way an online casino must go about its business.
It is with immense pride that we celebrate our 15th anniversary and invite you to join the party this season. Our success can be signaled by three main factors:
Vision – Our purpose has been to build an online casino that can be enjoyed and trusted for many generations. Sloto’Cash is here to stay for the long run.
Mission – Our brand has been developed on the principle of trust. We want players to know they can trust the way we handle their information, transactions and communication with us. Likewise, we want a team that is proud and happy to work for our company.
Strategy – Entertainment is the main objective in this industry, but we want to go beyond this commonsense goal. The means are equally important as the ends, so we try to build a company based on sustainable practices, integrity and authentic human interactions. With these principles in view, we hope to see players who love coming back to deposit and play our games, trusting every process along the way.