Over the past decade, cryptocurrencies have, without a doubt, been one of the most influential technologies on the planet. Even though most people may only be aware of a couple of cryptocurrencies and a few rather mainstream applications, there is much more that underlies the industry. These are mostly in niche sectors but they have been significantly impacted nonetheless.
One of the growing numbers of areas where digital currencies and the blockchain are making a wave is in the gambling sector. This is especially true for the online gambling sector. For this piece, we are interested in breaking down some recent developments involving two digital currencies.
BlockchainTRON (TRX) Revolutionary Technology
On online gambling websites, bitcoin still reigns supreme but it has been receiving massive competition from BlockchainTRON (TRX) which is viewed by many to be a viable alternative. That said, as hard it may seem, there is a chance that the digital currency could potentially match up to or even dethrone bitcoin in the online gambling space.
Right off the bat, the TRX project is mainly aimed at ensuring the provision of a decentralized global digital gambling and entertainment system. In its quest to achieve that, it has managed to outshine bitcoin and some other digital currencies in a number of ways including its ability to provide simple and cost-effective sharing of digital content.
Perhaps the biggest advantage that TRX has is the fact that the platform already boasts of having a number of decentralized apps (dApps) on its network. Most of these ones are online casinos with a plethora of casino games that players can dive into.
As such, the future of online gambling will certainly be tied to crypto and blockchain technologies in one way or the other. TRX will definitely be a part of that thanks to its decentralized TRON blockchain platform.
The Rise of Tether
A year ago, Tether was not a very recognizable name, especially among mainstream users. However, things have changed dramatically with some digital currency payment processors revealing that they were recording up to 30 times the number Tether transactions they were processing last year.
Despite the controversies surrounding its use – there are speculations that it is being used to manipulate the prices of other digital assets – Tether actually has so much to offer. Its main selling point is its stability, that is, it was built on the principle of stability with its price being kept at a 1 to 1 ratio with the US Dollar. This is achieved through the use of reserves. It is this feature that has made it so popular among hundreds of merchants including a number of popular online gambling platforms.
In fact, it is being used in place of many other cryptocurrencies which is definitely proof that it might just be here to stay.