Bitcoin SV (BSV) provides some distinct advantages to the online gambling industry that other projects fail to realize, according to a recent Peergame blog post.
The currency can easily handle 1000 transactions per second (TPS) while BTC's own modest capacity limits it to 7 TPS. It’s the processing speed that renders BSV fees negligible, Peergame explained.
The blog post dug deeper into what cryptocurrencies there are for the purposes of gambling and how they can be leveraged to enjoy the best possible experience.
Well-known cryptos such as Bitcoin and Ethereum are widely-accepted at casinos, but there may be better options.
Another advantage is the shift towards non-custodial crypto solutions. If it's good enough for Elon Musk, it is probably good enough for everyone else.
BSV makes a zero-confirmation system possible and that in turn drives an instant transaction speed. All transactions are immutably rewarded to the blockchain as well, meaning that they are easily verifiable and therefore not subject to rigging.
Transparency is one of the core features that make crypto casinos such a hotly-debated topic. Adding a non-custodial platform would make the casino even more accountable to its customers and players, argued Peergame.
All details about a payout can be checked through a block explorer. All in all, BSV shapes up as a worthwhile crypto gambling currency, one that is currently not as popular, but one that should gather an even greater momentum in the long-term.