Despite being launched to the mainstream in 2020, the Solana Blockchain has quickly gained traction in the crypto community. It is thus not too surprising that it has made its way to the crypto-friendly gambling sector as well.
Today it is possible to find a solid number of casinos that accept Solana as a payment method on the internet. Some of the best ones that we tried out as we wrote this review include:
Solana is a public and open-source blockchain that was first debuted in 2017. It was built around the idea of being permissionless and high-speed. Since it is open-source, Solana not only s smart contracts but also a solid variety of decentralized applications. However, the native or main digital currency that is used here is the SOL token. The token is responsible for the network’s security while still being the default means of transferring value within the Solana network.
One of the things that make Solana stand out is its take on the blockchain. It tried to give its s all the perks offered by other blockchains while keeping the costs of transactions extremely low. That is made possible thanks to an innovative hybrid consensus model which consists of a super-fast lightning-fast synchronization engine and a unique proof-of-history algorithm. This makes it possible for the network to process over 710,000 transactions per second. No scaling solutions are required for this.
Also worth noting is that using the Solana network does not involve the mining process that is typical for other blockchains. s must rely on staking and validation instead. Staking is a way of helping the Solana network to validate transactions by earning rewards from the validator. The validators also get to earn some commission from the rewards that other s generate.
Thanks to its flexibility and scalability, Solana has been gradually gaining popularity among online gamers. Many crypto-friendly casinos have already integrated it into their cashier systems or are at least considering it. As the technology gets better, so will the way Solana is perceived.
Thankfully, there will be a strong foundation to build on. As it stands, it is already very straightforward to use.
That’s it. The funds are usually deposited into your casino almost instantly and you can begin enjoying your favorite online casino games.
Have trouble deciding whether to use Solana or not? Well, like other kinds of payment options, using Solana as a payment method comes with both merits and demerits. After trying out the blockchain for a bit of gaming, here are some of the ones we noted:
| Hits | Misses |
|---|---|
| Very low transaction costs compared to other payment options including digital currencies | There have been concerns about some security compromises in Solana’s quest to deliver super-fast transactions |
| Super-fast transaction processing | Since it is still new, Solana is not available as a payment option on all the leading online casino sites |
| Most casinos that accept Solana offer provable fair casino games | — |
| It is decentralized hence can be used across different geographies | — |
| Top-notch safety and privacy features | — |
| Higher deposit and withdrawal limits compared to other payment methods | — |
If playing with real money is your jam, there is a decent number of amazing casino games that are offered by Solana-friendly online gambling sites. In some cases, you may need to convert the amount you deposit into the casino’s default currency. That is just for uniformity and the funds are often reconverted to SOL or any digital token that is ed. Some of the games you can try out for a start include:
One of the best things about the online gambling sector is the sheer number of options that players have. If the cons of Solana are too much of a dealbreaker for you, there are other equally amazing options that you can consider. The most common alternatives are:
While Solana is certainly still new to the world of online gambling, it has what it takes to compete against the more established payment options. It offers several benefits offered by the traditional payment options and competes fiercely with futuristic options like other digital tokens and e-wallets.
Thankfully, most of the casinos that have integrated Solana always emphasize giving s multiple options. Still, rest assured that if you choose to go with Solana, you will have little to no complaints. It is not perfect but it just keeps getting better and better.