Here’s why you should place your bets using Tron
Technology has played a massive part in making betting more accessible for either sports or online casino games. Unlike in the brick and mortar setting where people can pay with their cash or their cards, the online platform allows players to bet using cryptocurrencies.
Several cryptocurrencies are being accepted online and each of them gives players an advantage because of their decentralized nature. With the help of these digital assets, betting becomes more convenient and worthwhile.
Aside from Bitcoin, online sites like Bitcasino accept other forms of cryptocurrencies such as Tron. With its potential on the crypto market, many people are quick to hop on its trend and see if it’s worthy to be used when online betting. Here’s a closer look and how it can be used for betting.
What is Tron?
TRON is a brand new decentralized platform released in 2017. Similar to other coins in the market, its goal is to establish itself as a peer-to-peer technology network that facilitates transactions.
Its native token, Tronix (TRX), has attracted consumers since it can be used to trade with other popular coins like Ether (ETH) and Bitcoin (BTC). Despite being new, TRON and TRX have been included in the top 15 most valuable cryptocurrencies by market capitalization.
Its blockchain is also an advanced social media platform where users can create and share whatever content they want. To enjoy its potential, users must pay using TRX, to gain access to the products that artists share. It can also be used when online betting.
Tron and online betting
Some people prefer betting on Bitcasino with TRX instead of the usual payment methods using traditional currency. Aside from Bitcasino, several other sites have incorporated this promising crypto on their roster of payment methods because of how convenient it is.
Players who live in countries where crypto and online gambling is legal will have no problems betting on any Tron casinos because they are easy to find online. Impressively, the majority of Tron casinos available online are legal, licensed, and well-established.
As much as possible, players are highly discouraged to illegally play in Tron casinos if their region doesn’t allow them to. This way, players are spared from any possible problems that may arise. For best results, they may want to consider the players’ reviews, licenses, games, and security aspects before signing up.
Features of Tron
Now that players know more about Tron and its possibility of being used on online casinos, here are some of its most notable features that every player must know:
Tron, like any other smart contract platform, offers a variety of token standards, including TRC-20, TRC-10, and TRC-721, which are non-fungible token standards recognized as unique and interchangeable. These tokens aid developers in several decentralized platforms.
Tron is a blockchain-based technology that can handle large on-chain scalability. Its technology enables developers to create applications that can easily accommodate massive numbers of users at the same time. Tron’s Delegated Proof of Stake (DPoS) system can process about 2,000 transactions per second.
Tron was one of the first smart contract platforms to make the transition to the main net. As a result, it has built a robust ecosystem of decentralized finance (DeFi) and decentralized application (dApp) businesses.
These include the BitTorrent file-sharing protocol, the JUST network of DeFi services, and the Poloniex decentralized exchange. Users can also port their dApps from Ethereum Virtual Machine (EVM) and other EVM-compatible platforms to Tron.
Super Representative (SR) and Super Representative Partner (SRP) are two sorts of positions created by Tron’s public chain. The people in charge of these two jobs are eligible to engage in on-chain governance, where they can vote on proposals.
SR and SRP can also pack transactions and create blocks. Users will be awarded with block production incentives that will be transferred to their accounts in exchange for their efforts.
Advantages of betting with Tron
After knowing the special features why this coin is highly interesting for investors, players must also know the advantages of using Tron to bet or for other purposes. Here are some of them:
As mentioned, Tron cryptocurrency transactions are fast because the network can support up to 2,000 transactions per second, making it faster than other digital assets. Tron is also known as one of the greatest options if players wish to conduct transactions at any time of day.
No transaction fees
Tron’s $0 transaction costs are one of its strongest characteristics which many crypto users appreciate. Tron’s mission is to eliminate the use of middlemen, making every transaction simple, quick, and economical because there are no fees.
Transaction fees have been a huge issue with other digital assets, but Tron users will not have to worry about this.
Supported by various wallets
It is supported by a variety of wallets as a well-liked coin. This allows players to choose from a variety of crypto wallets to find one that best suits their needs.
By using decentralized blockchain technology, players are guaranteed that their transactions are in no way reflected on their bank statements. They may also opt to play anonymously if they wish to since there is no central authority to impose limitations.
With Tron, players can enable two-factor authentication to give bettors an added layer of protection. This means that users must provide a username, password, and mobile number where their codes are to be sent every time they wish to log in.
These are just some basic information that Bitcasino players would have to keep in mind about Tron cryptocurrency. By learning more about this crypto’s technical aspects and potential, it will no longer be that surprising to see people invest in this and use them when placing bets on their favourite games!