What is Solana?
Solana was launched in April 2019, created by Anatoly Yakovenko, Greg Fitzgerald, Stephen Akridge, and Raj Gokal. Solana was created as a solution to the problems present on the Ethereum Blockchain.
It was designed to process fast transactions, provide more scalability, and offer a more user-friendly friendly experience. Solanas’ Blockchain concept is very similar to Ethereum in the sense they allow other creators to build Blockchain applications through their network and platform, using Solana as a common currency.
The usability of their token is not limited to just a cryptocurrency, providing platforms where users can build their platforms and sell their NFTs. Solanart is the largest NFT marketplace on Solana.
The incredible usability and scalability of Solana have pushed it to become the 8th most popular cryptocurrency by market cap. This popularity has led to more casinos accepting Solana, meaning gambling with Solana is another great cryptocurrency casino experience you can try out.
Before you start gambling with Solana, let’s first elaborate on the benefits, how it works, and why you should consider it.
Benefits of Solana gambling
As we have seen the best Solana casinos stand strong against other contenders, but it is important to note that gambling with any cryptocurrency is better than most fiat options. Simply put, cryptocurrency provides:
- Fast transactions
- Lower fees
- Transparent data
With that being said, gambling with Solana still has some additional benefits over a majority of other cryptocurrencies. Let us take a look.
BTC vs SOL gambling
If there are two aspects Solana is winning with, its transaction speeds and fees. Where are BTC can only process 4 to 7 transactions per second, whereas Solana can process up to 65,000 transactions per second. This means there is almost no wait from when you deposit to when it becomes available in your casino account.
Solana also offers phenomenal fees to users, with Solana swearing that transaction fees will remain less than $0.01. The average transaction fee when using Solana is currently $0.00025.
Some fun facts about Solana are that they have an unlimited max token supply, depending on the inflation rate per year, and they use a relatively new method of mining. Solana uses Proof of Stake and Proof of History to release tokens, making it more environmentally friendly, meaning you can gamble with an easy conscience. Overall there are so many benefits to gambling with Solana.
How to gamble with Solana
When gambling at top Solana casinos, getting started is easy.
Start by finding good casinos that accept SOL, you can find our recommendations further up in this article. Then you can sign up to your preferred top Solana casinos, fill in all required information and confirm your account activation. From there, you can either select a welcome/ deposit bonus or go straight to depositing.
Depositing is fairly simple. First, ensure you have SOL available for depositing in one of your crypto wallets. Once you’ve got your money in your wallet, head over to the deposit section and select SOL as your method of choice. You will be given specific instructions on how to make a deposit, and that’s it!
Usually, they will provide you with an address to send funds. It really is that simple. Your funds should clear and become available in your account within a few minutes.
Then you can get started, and play your favorite games at top Solana casinos.
Solana casino games
Discover some of the best places to play Solana casino games with our guides to the sites that feature each game.
Is it legal to play at Solana online casinos?
As long as you are above the age of 18, and it is legal in your country, then yes. It is perfectly legal to play with Solana at the best Solana casinos. If it is not legal, some use the benefits of anonymity provided by cryptocurrency and VPNs to play.
Can I use Solana for online gambling?
Yes, of course, you can. Solana is a great option for online gambling thanks to its fast transaction speeds and low transaction fees. Like most other cryptocurrencies, under the right circumstances, Solana provides anonymity too.
Is Solana a good investment?
That depends if Solana and its ecosystem appeal to you. It is also one of the top ten cryptocurrencies by market cap, which helps its case even more. But investment depends on your strategies and goals, but most would say Solana is a good investment.
What is Solana used for?
Solana is like many other cryptocurrencies, providing monetary value based on how well the ecosystem is doing. Aside from that, Solana provides a platform for users to create blockchain applications and sell NFTs.
Is Solana better than bitcoin?
In many ways, yes, it provides far better block times, transaction speeds, and transaction fees. It also uses better block mining and validating methods, as opposed to PoW, so it's more environmentally friendly.