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Blockchain Casinos Ranked by Fees and Speed
Those who have been paying close attention will know that blockchain technology is transforming iGaming. The promises of verifiably fair games, timestamped and immutable transaction records, and instant settlements to and from crypto wallets on a per-bet basis promise to transform the industry for good.
Yet, it’s not all future promises, and there are already a number of functioning blockchain casinos. GamblersPro.com studied the data on the top blockchain casinos to find out which offer the fastest and lowest fee transactions.
1. Tron – WINK
The Tron blockchain is the proof-of-stake brainchild of Chinese American entrepreneur Justin Sun. It was one of the first blockchains to launch a fully functional casino app; WINK.
Tron works with the delegated proof-of-stake consensus mechanism and has extremely low fees and fast transactions. The average transaction fee on Tron is $0.000091 and transactions are typically settled in 1 minute.
2. BSV – Peer Game
BSV claims to be the original Bitcoin protocol restored. It’s associated with Dr. Craig Wright and iGaming pioneer Calvin Ayre, and while Wright’s claims to being Satoshi Nakamoto are contested by some, BSV certainly works well on a technical level.
Peer Game is the best-known casino app on BSV. It processes an average of 20,000 transactions every day at an average fee of $0.00050. BSV transaction times are 3-5 seconds. It has been demonstrated that BSV can do up to 50,000 transactions per second, making it one of the most scalable blockchains in existence today.
3. Crypto Games – Solana
Solana is the new kid on the block and holds lots of promise in the blockchain industry. It’s associated with billionaire Sam Blankman-Fried and promises to revolutionize blockchain with its Tower Consensus mechanism.
Crypto Games makes use of Solana’s native token SOL. Solana transaction fees are $0.00025 on average with a scaling potential of 50,000 transactions per second, it could quickly become one of the best crypto casinos online.
4. King Tiger – Ethereum
FunFair was one of the original blockchain casino developers, and its popular app King Tiger was built on the well-known Ethereum blockchain. Unfortunately, due to sky-high fees and scaling issues, FunFair’s King Tiger Casino had to temporarily cease operations earlier this year with a promise to return when network congestion lessens.
The average fee on Ethereum is $4.20 and the transaction speeds are in and around five minutes. Ethereum is capable of processing around 20 transactions per second, causing many blockchain casino developers to look to layer two solutions such as Polygon.
Summary
GamblersPro’s analysis found that, right now, Tron leads the way as far as the popularity of its best-known casino app goes. However, scalable competitors such as BSV and Solana have their own native casino applications and are catching up fast.
Keep an eye on this space, because it’s almost certainly where the future lies for casino gaming.
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