Solana – Why Blackjack Players Should Consider It
Solana is a cryptocurrency which you may wish to consider, not just for blackjack but also for any other casino game. There are ample reasons why betting on blackjack with Solana is ideal, and we’ll explore some of these right here. For instance, the perks of using SOL include:
Solana is a cryptocurrency which focuses heavily on micropayments. Such small transactions would not be economically viable if slapped with heavy fees. Moreover, the team has chosen to utilise low to zero fees to gain a competitive advantage over other cryptocurrencies and blockchains, and this has helped them become more popular in the crypto betting world.
Lightning-Fast Transactions
Owing to its architectural design, Solana can process transactions with light-fast response times. Its Proof of History (PoH) method of ordering blockchain events enables nodes to create a chronological order of payments to process, allowing for rapid transaction times. Furthermore, its Tower Byzantine Fault Tolerance algorithm and Gulf Stream processing mechanism reduce the time required to process data, maximising the transaction time.
Being a scalable network ensures that Solana can process large numbers of transactions every second. Techniques such as transaction pipelining and multithreading are a part of this, effectively increasing the network’s ability to scale, process parallel transactions and reduce latency in those transactions.
Solana’s DeFi (decentralised finance) space allows for altcoins to operate or be built within its own blockchain. While SOL remains the native token for transactions, Solana-based altcoins, NFTs, tokens, and stablecoins are growing in popularity. This enables some casino operators even creating their own tokens for use on this platform.