The crypto gambling industry is expanding at speed never seen before. NFTs, metaverse, and virtual tokens have fundamentally changed the outlook of the gambling industry in the last few years. However, the course of evolution in the crypto ecosystem seems to have been outdated, even the popular names. As one of the most advanced blockchain networks, Solana is gradually taking over the payment environment of crypto gambling. 1xBit has become a recent addition to this list by offering support to Solana.
1xBit is undoubtedly a top player in the crypto gambling arena. With a variety of slots, table games, live casinos, and sports betting options, 1xBit accounts for a significant portion of this business. According to this 1xBit review, the platform brings game content from more than 100 software providers with support offered to nearly 40 cryptocurrencies. This casino also offers some huge bonuses that can go up as high as 7 BTC. Now, the casino has extended its support to the Solana ecosystem, and many believe that the picture is bigger than we all think.
Solana’s inclusion into the gambling environment is believed to show the casino’s resolve to stay at the top. Apparently, the reason for this new move has a lot to do with the growing popularity of Solana in the iGaming and GameFi sectors. Solana’s scalability has been an important factor in its recent ascension among entrepreneurs. It ensures the security of assets while also turning a significant amount of focus towards user experience. Furthermore, the Solana chain offers much flexibility for platforms like 1xBit to accommodate different user groups.
Solana is one of the few blockchain products in the crypto ecosystem to bring an entirely different infrastructure that has nothing to do with Bitcoin or Ethereum. In fact, the proposed model of Solana intends to address the issues raised against the legacy chains like gas fees, processing time, and scalability. Reportedly, Solana can process up to 50,000 transactions per second for a nominal fee of $0.1. However, the uniqueness does not stop there, as the hybrid proof-of-history and proof-of-stake consensus mechanisms virtually eradicated the performance problems faced by popular chains like Ethereum.
1xBit choosing to support Solana has a lot to do with its governing structure. Even centralized financial institutions like the Central Bank of America lauded the speed of Solana, comparing it to the TradFi giants like the Visa network. This latest and sophisticated payment method is expected to bring the best ways for gambling and huge gifts in the casino.
On the other hand, strategic partnerships such as this would strengthen the Solana community and open the ecosystem towards more opportunities in the iGaming sector.