The gambling industry has been constantly developing and expanding its capabilities to serve more players with exciting games and best odds.
So no wonder that they are doing their best to improve the user experience and add more ways in which players can stay protected.
This is an area in which data protection and anonymity of its users is a must. Nobody wants the entire internet to know how much they have spent on their favorite games and how often they visit online casinos.
With the use of cryptocurrencies that problem is solved in a major way. It is nice to see so many online casinos now offering their players to use cryptocurrencies. No matter the amount.
One of those very promising cryptocurrencies is less known but by now very popular Tron. And they have changed the world of gambling by offering TRX casinos.
If you already have your favorite games and are afraid of switching to crypto because it would change your experience, have no fear.
The selection of online casinos and games that you can enjoy using Tron is expanding each day. You don’t have to give up on your favorite pastime. Go for it. Online betting sites, casinos, gaming, have all started to use crypto and they are waiting for you to join them.
History of Tron
Before we get into it, you should know that Tron is a blockchain-based, decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology. It allows easy and cost-effective sharing of digital content. Let’s make it more simple.
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By using the features of the blockchain and peer-to-peer (P2P) network technology, Tron attempts to bridge the gap between content creators and content consumers by eliminating the middleman.
The result is an overall cost reduction for the consumer and improved collection through direct receipts for the content producer, which offers a win-win situation.
In the process, Tron’s open, decentralized platform and distributed storage technology also attempt to address a significant issue – the challenge of a very few, and powerful, corporations controlling the Internet and its content – making it a level playing field.
Tron was founded in September 2017 by a Singapore-based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun and has a dedicated in-house development team.
The Future Potential of Tron
Although at the very start it doesn’t have considerable use cases, Tron has come a long way to become one of the most respected and used cryptocurrency in the world.
Nowadays, Tronix can be used by content consumers to pay for the content they want to access. These coins would then go to the content producers’ accounts, where they can be exchanged for other cryptocurrencies, or can be used to pay for blockchain services.
But what are the actual benefits of using crypto when in your favorite online casino or a betting site?
It’s not only to join the newest trend. Crypto gives us an opportunity for better protection of our personal data and also less processing fees.
When using Crypto you never give your credit or debit card number. There is no verification of your identity. No personal data is being exchanged except the number of your e-wallet.
So the security leaks are less likely to happen. And even if they happen there is not much to steal since your personal data was never even stored with the casino.
Not to mention when using their deposits and withdrawals are done super fast because of the technology crypto has in their possession. This is especially useful when you are waiting to receive your winnings. Because of blockchain technology now you can transfer even micro amounts of money with less processing fees.
Benefits Of Using Tron In Online Casinos
Tron platform is capable of 2000 transactions per second. This performance puts TRX on par with major payment processors such as PayPal.
Best of all, Tron has zero transaction fees. You can send a million dollars in TRX to anywhere in the world in seconds and never have to pay a fee.
To grasp the monumental task TRON’s developers seek to take on, it’s crucial to understand a little about the decentralized internet. The decentralized internet differs from the internet you are used to in some key ways. Primarily, there are no hosting companies. Instead, the entire internet is run by personal users.
Tron stands out among other cryptocurrencies because of its initial orientation towards the entertainment and digital industry. It allows players their own decentralized projects, including TRX casinos. They also offer cheap and fast payments as any other online casino.
The pros of using Tron in online casinos would be:
- Decentralized and transparent nature of the platform
- Low cost and faster transactions
- The increasing popularity and great potential for further development
Things To Be Aware Of
By using Tron in online casinos you will have an extra level of protection and anonymity. Since all the transactions on Tron’s blockchain are not shared with any third parties.
But they do keep track of all the transactions, so if there is any suspicion or misunderstanding they can be traced back to you.
To be better protected we advise doing your due diligence when using Tron. As you would do when choosing any other online casino here also needs some research.
Make sure that they are the right option for you and that they have all your favorite things. So the same rules would have to apply. Make sure the casino is licensed and regulated.
The license should be clearly displayed or at least mentioned at their site. Check that they use Provably Fair in all their games.
And last but not least, just double-check about their software. If you don’t recognize not even one major name on their software list just skip it and look for something more trustworthy.
It’s not a bad idea to look for some recent reviews of the casino on other sites and social platforms. If someone had a bad experience for sure you will hear about it this way. Check if there is any ranking of the online casino when compared to others. If all this checks out, enjoy that bonus. Play some games.
Summary
Using crypto in online casinos can be a great experience. There is so much potential also with the value of this currency constantly changing.
But like in other things in life you need to take it seriously. Just because you have decided to use crypto doesn’t mean that you don’t have to be careful.
Hundreds of sites are appearing every day offering crypto gambling, gaming, and betting. Some of them will not be there tomorrow and your money might be lost.
If the bonuses offered are too high to be true, if the odds are just a little over the top, there is the reason for concern.
This way you will add to the protection of your money and be able to enjoy the full potential of using Tron. And we hope you make the best of it.