Cryptocurrency has emerged as the most influential technology in the world over the last decade. The use of digital currencies dates back to 2009 with the release of Bitcoin. Most financial analysts dismissed these currencies as a fad. In 2018, the global value of cryptocurrencies reached 128.78 billion U.S. dollars.
Digital currencies have impacted multiple industries top among them online gambling. While Bitcoin has remained the most active player in this sector, BlockchainTRON (TRX) has emerged as a viable alternative.
Whether you want to invest in the casino industry or you want to play in crypto casinos, you need to stay up-to-date with the latest trends in cryptocurrency. TRON (TRX) gambling has taken off with more TRON casino and gambling decentralized apps (DApps) launching recently.
This guide delves into TRON (TRX) to help players and investors make an informed choice.
Origins of TRON Blockchain
TRON blockchain is the brainchild of Justin Sun. The project started in 2017 through Sun’s Singapore based non-profit organization known as the Tron Foundation.
The tech foundation boasts a dedicated in-house development team to cope with emerging blockchain hurdles.
Revolutionizing the Entertainment Industry
The project aims to provide a decentralized global digital gambling/entertainment system. The blockchain also incorporates distributed storage technology.
TRON has also created a buzz in the entertainment industry by allowing easy and cost-effective sharing of digital content. This has been one of the hurdles in the use of Bitcoins as the ultimate crypto for gambling.
The use of TRON decentralized apps (DApps) is on the rise as casino developers and players look for simpler account setups and buy-ins.
Eliminating the Middle Men
By leveraging blockchain features and peer-to-peer (P2P) network technology, TRON blockchain seeks to eliminate the middleman in transactions. The blockchain platform bridges the gap between content developers and content users in the gaming and entertainment industry.
To understand the impact of TRON X, consider the Netflix model where content developers distribute content through producers. To host content on Netflix, the content developers must go through a go-between and this diminishes their returns.
TRON streamlines this process by allowing everyone to host digital content on its blockchain-based network. Content users can now pay the content developers directly when using the TRON platform.
It also creates a level playing ground by eliminating powerful entertainment and tech corporations. For a long time, these corporations have controlled the internet and content users can consume.
The Future of Online Gambling
There are multiple decentralized apps (DApps) created on this platform and these are mostly online casinos. These casinos offer diverse games from blackjack, baccarat, slots roulette, among other gambling games.
Sixty-four percent of TRON DApps were for the casino industry. This highlights the potential of TRON blockchain in the online gambling industry. Making transactions on the TRON network is through the foundation’s cryptocurrency known as called Tronix (TRX).
TRON has emerged as an alternative to the more popular cryptos including Bitcoin and Ethereum. A review of DappRadar data shows that TRON DApps rank higher in daily user count than more established Ethereum.
Why are TRON casinos more popular? The answer is in the decentralized TRON blockchain platform.
i. While crypto casinos have been around for some time, players have complained about rigging and scams.
ii. With TRON casinos, the games are fair and you can check the legitimacy of any new product on the TRON blockchain.
iii. Your TRX remains in your TRON wallet and there’s no risk of losing your winnings. The casinos cannot run on your winnings as happens in the traditional setup.
iv. The TRON blockchain is extremely fast, meaning transactions are instant. It is one major advantage you have over bitcoin gambling games.
v. TRON DApps have a diverse range of fantastic games and incredible bonuses.
vi. Easy set-up. Start with choosing a TRON wallet and fund the wallet with TRON which you can purchase at a cryptocurrency exchange. Pick a reputable TRON gambling DApp or casino
There’s so much potential for Tron (TRX) in the online gambling industry. As more gambling DApps and casinos come up on the TRON platform, Bitcoin and Ethereum the erstwhile gambling cryptos will find it hard to catch up. This is a much-needed revolution in the online gambling industry.