December 23, 2021
Cryptocurrency and the blockchain in general has changed many facets of life. For those who understand it know that it is essentially the future of all financial exchanges between one person or company and another. But it has so much more to offer than just financial exchanges. It has many potential uses: medical record storage and transfer, credit agency tracking and vehicle maitenance. The possibilities are seemingly endless. It can even be used to eliminate voting fraud, something which has rocked many countries in recent years including the United States. The fact that the powers that be haven’t discussed using the blockchain in this fashion shows how little of an understanding they have of the blockchain technology. But I digress.
Solana is an up-and-coming crypto platform which prides itself on its scalability, ease of use and affordability. In fact, it is already processing much quicker than BTC or even Visa/MC. Currently Solana handles well over 3,000 transactions per second. BTC is 7ps and Visa/MC is 1700ps. Solana is cheaper too. Much much cheaper. The average transaction fee for BTC is currently $1.84. The average MC fee is 1.3-3.5% of the transaction and that can get pretty high fairly quickly. Solana’s current average fee is $0.00025 – Yes, you read that correctly.
So it is no wonder that sportsbook heavyweight BetOnline just expanded its cryptocurrency list by 1. And that 1 of course is Solana. This goes for sister books SportsBetting.ag and TigerGaming.ag as well.
We mentioned about a month ago how there is a platform in the works called BetDEX. It is gambling focused and prides itself on being the fastest, cheapest and easiest bet clearing tech available. Well, guess what.. It is built on the Solana blockchain and that’s all you need to know about that.
Solana has been on the move.