Try Solana and multiply your winnings at 1xBit

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The world continues to evolve, and so does the course of adaptation; to accommodate more users, 1xBit now supports Solana as a new payment method on its platform. Solana is one of the few projects that has revolutionized the world of Cryptocurrency using a unique blockchain infrastructure.

This unique promotion shows the determination of the crypto betting platform to maintain its position as one of the best online casinos. It will create an atmosphere that can accommodate a variety of users. Such a strategic partnership is also beneficial to the Solana community, where the online sportsbook can be used as another means of liquidity.

Solana brings the advantage of scalability to the table – an essential factor that entrepreneurs can leverage to maintain a high-quality user experience and formidable security.

Solana and its uniqueness

As Ethereum solved Bitcoin’s scalability problem, it faced further problems of high gas costs, low processing time, and an unpopular programming language for developers. Solana was launched as a messiah in the cryptocurrency space to solve these problems.

Solana is an open-source blockchain network that supports implementations of DeFi and smart contracts with SOL as the native token in the network. The network solved Ethereum’s problem through its hybrid of proof-of-history (PoH) and Proof-of-Stake (PoS).

Solana was added to the list of crypto assets on 1xBit for its many benefits, including pioneering the blockchain miracle that allowed the Solana network to process more than 50,000 transactions per second (TPS) while still having a low cost of $ 0.01 or less per trade.

Financial institutions like the Bank of America once praised Solana’s transaction speed; the reputable bank told customers that Solana could become the Visa of Digital assets.

Solana Functional and Security Protocols

Proof-of-History is the core functionality in the Solana network. PoH works as a digital recorder that encodes the time or sequence of events when transactions occur in the network – a feature that did not exist in the blockchain industry.

The creators of Solana implemented the PoH alongside the PoS to reduce the time it takes to validate a transaction. Essentially, the workload of PoS is reduced by a process called time stamping, implemented by PoH.

Solana ranks among the cryptocurrency of choice for 1xBit as the betting platform is satisfied with the governance structure of the Solana network. This governance structure, which is maintained through Proof-of-History and Proof-of-Stake, protects the network from external disruptions.

Advantages of 1xBit

As a cryptocurrency betting platform, 1xBit is committed to providing the best gambling experience for every user.

With a simple email only registration, new users are rewarded with up to 7BTC for their first four deposits on the website.

The recent development also allows 1xBit users to access Solana and over 40 cryptocurrencies.

Conclusion

Solana will be a nice addition to the website. Users can always check out Solana’s features and find the best way to gamble with it; be one of the first to try the latest deposit method and stand a chance to win more.

Disclaimer: The opinion expressed in this chart is solely the author’s. It is not interpreted as investment advice. The NewsCrypto team encourages everyone to do their own research before investing.

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