When most of us think of cryptocurrencies, major stablecoins such as Bitcoin, Ethereum, and Litecoin often come to mind.
However, other tokens represent equally viable payment methods. Solana is quickly gaining traction as one of the most utilitarian options on the market, especially when referring to the online gaming sector.
What unique advantages does this token offer, and why are a growing number of platforms embracing the Solana edge? Let’s look at four driving factors.
Transaction Speed
To be completely fair, this is a benefit of all cryptocurrencies when compared to traditional fiat payments. The main difference here is that Solana is capable of processing more than 65,000 transactions per second due to its Proof of History (PoH) architecture.
This makes Solana extremely attractive to players who no longer wish to wait for extended periods of time before their funds clear.
The network itself is also extremely scalable. This essentially signifies that users are less likely to experience congestion issues during periods of high transaction volume.
An Augmented Gaming Experience
Imagine for a moment that you have recently registered with a crypto casino offering a version of Solana blackjack. Why choose this game over other titles that might very well offer cryptocurrency-friendly payment options? We once again need to refer back to the concept of speed outlined in the previous section.
Extremely low latency rates ensure seamless gameplay, offering a sense of real-time excitement that might not always be possible with other tokens.
This is even more relevant when discussing instant-win games that provide regular payouts. Other examples include genres such as crash games, plinko, and dice.
Transparency and Anonymity
We should also mention the critical role that the blockchain plays in terms of overall efficiency. The online casino community has become increasingly concerned with player safety.
Instances of fraud are on the rise, and the risk of personal information being accessed by an unauthorised third party should never be taken lightly. Solana (and the cryptocurrency ecosystem as a whole) can help to address these issues.
Unlike fiat transactions, the blockchain does not contain any personal information that can be traced back to the player in question. This provides an extra level of anonymity, a benefit that can never be overstated.
The ways in which blockchain transactions are executed likewise signify that the chances of fraud are dramatically reduced. These are two of the main reasons why casinos have been turning to Solana, and similar well-known stablecoins.
More than an Investment
Similar to other tokens such as Bitcoin, Solana was thought to represent nothing more than a unique investment opportunity in the not-so-distant past. However, it has now grown far beyond its initial boundaries.
Solana provides yet another way for online gaming enthusiasts to perform everyday transactions and to enjoy second-to-none processing speeds.
These are some of the reasons why Solana (alongside other stablecoins) should become even more popular well into the foreseeable future.
