One of the largest online crypto casinos in the industry, CryptoGames, has recently announced that it would welcome a new currency on its platform, Solana. The company announced plans to expand its services in this way.
The newly-announced cryptocurrency works on solving many of the problems that other more popular currencies like Ethereum have. This includes everything from scalability, gas transaction fees, and so on.
Solana is also a lot more eco-friendly, which makes it a great option for gambling. The team behind the company announced that all of these issues and problems are solved by Solana using a more efficient algorithm.
Solana, although new, has already managed to become a solid player in the industry. The cryptocurrency offers people most of the things that the Ethereum 2.0 update promised to offer.
The cryptocurrency also uses a unique and new way of verifying transactions on the blockchain. Due to such innovations, it should not come as a surprise that Solana is viewed as one of the top choices for crypto gambling.
Crypto gambling has become very popular over the past few years and there are numerous games that can be played using cryptocurrencies. This includes regular slots played with bitcoin and Litecoin blackjack games as well as online casino games using numerous cryptocurrencies. Solana, being adopted by CryptoGames, follows the steps of other cryptocurrencies.
However, many believe that it being very environmentally friendly makes it truly unique and different from the rest.
Available All Over CryptoGames Virtual Casino
With the announcement, CryptoGames also announced that it would enable the use of cryptocurrency all over its virtual casino. As per the decision, the clients of the company will be granted the opportunity to use Solana to make deposits, withdrawals, as well as gambling.
All of the games available on the online casino can be played using cryptocurrency. Although Solana is still very much new in the market, it has already managed to become very trustworthy and reliable.
This means that it can be a great choice for gamblers as the characteristics of Solana are very important for the gambling industry. By adopting Solana, CryptoGames became the first-ever online casino to do so.
This happened within a year of its launch, which can be very helpful for its future development. Already, the team behind CryptoGames says that the cryptocurrency has been able to solve the issues connected with Ethereum, which makes it very convenient for gamblers.
The main advantage of it is that users of Solana do not have to pay the fees that mostly tend to be high when dealing with Ethereum.
The Importance of Solana Adoption
The recent step of CryptoGames to adopt Solana is very important for the whole industry. It will be available for esports betting as well as crypto betting offered by the online casino. Many believe that this step taken by the gambling giant will further support the development of Solana and its large-scale adoption on other crypto online casinos as well.
Many experts have said that if things go as planned, it is very likely to see Solana at the same level in the gambling industry as other cryptocurrencies such as Etehreum, Bitcoin, Litecoin, and others.
Crypto gambling has become very popular over the past few years, offering gamblers numerous opportunities in the market. Thanks to online gambling casinos like CryptoGames, more people than ever before view cryptocurrencies as something that can be used for numerous purposes.
Cryptocurrencies tend to be very good for gambling because of all the characteristics that they have. Cryptocurrencies are able to offer gamblers a very high level of privacy, which is very much appreciated and needed in the gambling industry.
What is Solana?
Solana is a public blockchain platform that was created just recently, in 2019. This open-source and decentralized platform has become very popular over the past few years.
The blockchain uses Proof of Stake consensus and Proof of History, which makes it very environmentally friendly, especially when compared to other cryptocurrencies in the market.
Market experts believe that Solana can be the main rival for Ethereum, which, according to its new update, is also moving towards Proof of Stake consensus. Also, just like Ethereum, Solana is also able to interact with smart contracts.
The cryptocurrency has been performing well in the market for the past few months and the platform generated widespread visibility in the industry. Recently, the price of virtual currency climbed to $219, which is over a 13,500% increase in 2021 alone.
There are many factors contributing to the price increase of Solana. Some of the experts have said that one of the reasons is that Solana is capable of providing services that Ethereum has been promising for years, including PoS, low transaction fees, and so on.
The adoption of Solana by CryptoGames is another sign that the cryptocurrency is growing in popularity quite a lot. Many experts say that this is just the first step of Solana in the gambling industry and it might have a great future for gambling purposes.
While it is very hard to predict anything, especially when talking about cryptocurrencies, it is easy to see why there are so many hopes about Solana being a successful part of the crypto gambling industry.