The aim of this blog is to share useful and informative posts from different members of the CasinoCoin Foundation. So, if there is anything you’d like to hear about, please do get in touch.

At the beginning of January Andre, our Lead Developer, wrote our first post: Why we chose Ripple. Next up, I’m (Donna, Press Officer) looking back at our 2017 highlights, and looking forward to what we are most excited about in 2018.

For me, the biggest high of 2017 had to be establishing the non-profit CasinoCoin Foundation. Certified in the IOM, as The Double C Foundation, in September. Set up to promote adoption and best-use practices of CasinoCoin in regulated gambling markets, and to help realise the optimal technological performance of the coin and it’s underlying blockchain. Without this, none of what came next would have been possible.

Soon after this, on October 2, we announced the CasinoCoin Advisory Board. A team of execs, lawyers and consultants, all from the online gambling industry, who have already, and will continue to, use their wealth of experience to support The CasinoCoin Foundation. Acting as advisors and assisting the Foundation in getting CasinoCoin to market with licensed companies in regulated gambling markets.

On November 22, we announced we were moving CasinoCoin to a new, technologically advanced blockchain, we initiated the coin swap on November 25. The main reasons for this move were to increase liquidity of the coin from 40 million to 40 billion. Thus providing a total coin supply more in line with the scale of the global iGaming industry. And importantly, the new CasinoCoin blockchain is far more advanced, and features added functionality including industry-leading transaction speed, with capability of up to 1,000 transactions per second, and average confirmation time of 3–5 seconds.

There has been a huge amount of support and interest, from the community, in the plans the Foundation has for the future of CasinoCoin.

At the end of the year we confirmed an exciting partnership for CasinoCoin at ICE, and it marks a big step forward in terms of recognition for cryptocurrency within the gambling industry. We’ll be announcing the details in the next few days!

Final highlight from me, from September to December we received lots of positive media coverage — a total of 37 stories — with 28 of those in the B2B Gaming media and 9 of those in the crypto media.

Moving forward into 2018 I am, along with the rest of the team, looking forward to the end of the coin swap (Feb 14), so that we can 100% focus on the new blockchain. I’m also very excited for us to be able to showcase our Bankroll Manager (BRM) wallet at ICE, and I can’t wait for us to talk to more people, within the gambling industry, about the tremendous advantages CasinoCoin has over traditional funding methods.

We believe CasinoCoin can help lead the regulated gambling industry in setting the highest best-use practice standards in terms of KYC, AML and responsible gambling, without creating too much work for operators or customers.

A few words from two of the (more technically minded) team…

Daniel, Systems Engineer

Ultimately, my 2017 highlight was switching CasinoCoin from LTC blockchain (Litecoin) to XRP blockchain (Ripple) as this will enable us to achieve our long term goals and meet the needs of the regulated gambling industry. Moving CasinoCoin to a Ripple-based blockchain solved the biggest problem CSC has been facing over the past few years by increasing network speed and stability. I loved meeting the rest of the CSC Foundation team, in London, to see how solid our team is and, throughout the second half of the year, seeing just how strong and supportive a community CasinoCoin has.

In 2018, I am most excited about having the BRM wallet working and ready to present and show people at ICE. Our BRM will have KYC/AML mechanisms which means CSC is the first and only cryptocurrency that can work in a regulated environment from an industry standpoint.

Secondly, I can’t wait for us to integrate CasinoCoin with an operator so we can show just what this is built to do. This is what we are working towards, and CasinoCoin will be ready for real partner integration in Q1. However, actual timelines will be dictated mainly by potential partners, regulators, banks, and other external forces. We will only operate with licensed operators in regulated markets, and are under no illusion that getting to market will be easy, but we are confident it will happen.

Andre, Lead Developer

As Daniel mentioned, in 2017, upgrading our blockchain technology was a key highlight. It was, from a technical development point of view, the biggest challenge as well! Creating a completely new CSC blockchain, and a desktop wallet from scratch is no easy feat.

I’m proud of our team — the successful design, setup and execution of the coin swap and the amazingly high swap percentage shows that CasinoCoin holders are still very interested and supportive of CasinoCoin and our plans.

In 2018, I believe, we will make giant steps forward for the crypto and (regulated) gambling industries. Introducing innovative features to our Bankroll Manager (BRM) wallet will provide huge breakthroughs for regulators and operators, and since it was conceived by gamblers, ones our customers will love.

In the past, most cryptos have tried to be as anonymous and untraceable as possible, we are going to use the exact same crypto features to accomplish the opposite and make things visible, transparent and traceable. Thus, making us the perfect partner for regulated gambling operators and jurisdictions.