The history of Tron
Tron eliminates the middleman by combining blockchain and peer-to-peer (P2P) network technologies to allow content creators to sell their work directly to customers.
Tron was conceived as a direct response to the media industry, notably Amazon and Netflix’s web-based behemoths, with the slogan “decentralize the web”. In July 2018, Tron bought file sharing site BitTorrent and endeavored to turn it into a legitimate media streaming service.
Tron also has a huge gambling offering, with dozens of TRX-based gambling sites all running on the Tron platform and accepting TRX as its core currency. This has led to mainstream crypto casinos accepting TRX too.
What is Tron?
Tron’s network has been likened to Ethereum’s, and indeed it shares some of the same fundamental building pieces, including decentralized applications (DApps), smart contracts, and token issuances. Indeed, the comparison is so tight that Tron was actually accused of plagiarizing Ethereum’s ideas and aspects of its whitepaper rather than developing the foundations of its platform itself.
Tron’s blockchain works via a Delegated Proof-of-stake consensus mechanism, or DPoS for short, which is greener than Bitcoin’s proof-of-work methodology. However, some argue it is a more centralized process.
Tronix, or TRX, is the cryptocurrency of the Tron network. Its primary use is as a cryptocurrency that allows network users to pay content creators directly for access to their content, but it can also be used in other entertainment fields. Transacting with TRX is minimal, with 0.1 TRX typically charged and burned per transaction.
The Tron blockchain operates at around 2,000 transactions per second, with transactions themselves hitting the Tron blockchain almost instantly. From there, a transaction usually arrives within one minute, depending on the number of confirmations required (without any confirmations, it would arrive within seconds).
Benefits of TRX betting
The most appealing aspect of gambling with TRX is the low fees that you will incur compared to gambling with other cryptocurrencies. Having such low costs will enable you to have more money to spend on the actual games, which is something everybody wants. When the time comes to withdraw, the cheap fees will allow you to retain as much of your earnings as possible.
Another benefit to gambling with TRX is the short transaction times, which make microbets and quickfire bets viable, something that is particularly useful in live games when you want your bets to be validated at the drop of a hat.
Gambling with TRX also affords you a greater degree of privacy, with addresses used instead of personal information. A Tron address is a string of 34 random characters that is personal to you but to the outside world doesn’t link to you.
As most countries do not consider digital assets like TRX currencies, countries that prohibit online gambling with fiat currencies may not do so with TRX. We advise you to confirm this is the case in your particular jurisdiction, but if it applies then you will automatically have access to dozens of different TRX casinos and games, greatly expanding your options and boosting your entire experience as a crypto gambler.
TRX is readily available on various cryptocurrency exchanges, making it quite simple to buy TRX to place your bets or sell them to cash in your profits without involving a bank or payment processor.
Drawbacks to gambling with TRX
While TRX has been around for a few years, it is not as widely accepted as other more mainstream tokens. It may therefore be that your favorite online crypto casino does not support TRX. If they don’t you could always try writing to them to ask if they would consider it.
Even though TRX is a fast cryptocurrency, TRX casinos can regulate the amount of confirmations required for deposits, which might slow down deposit timings. The number of confirmations needed for a TRX deposit is determined by the security of the blockchain in question, with casinos insisting on a higher number of confirmations before crediting the player.
TRX users can typically anticipate 20 confirmations, which usually takes under a minute.
What are TRX slots?
TRX slots are identical to typical online crypto slots, except that wagers and payments are made with the TRX token. Payouts at TRX casinos tend to be bigger than at fiat casinos, so expect to see a nice jump in potential winnings if you switch from a fiat casino to a TRX casino.
When it comes to TRX slots, there aren’t many differences between them and other crypto and non-crypto slots, with comparable gameplay and game types. This means that players will be able to adapt to TRX slots very quickly.
TRX slots and fiat slots also differ in that fiat slots have more significant restrictions placed upon them. With TRX slots, you can enjoy more flexibility than you do with fiat slots in a variety of ways.
What are TRX table games?
TRX table games and classic casino table games have many similarities, much like TRX slots and regular slots.
Baccarat, Craps, and Texas Hold ’em are among the traditional table games available at TRX casinos. The benefits of betting with TRX, which include increased anonymity, higher limits, and near-instant transactions, allow gamers to have a more enjoyable and varied experience than with their fiat counterparts.
Top TRX casinos also provide excellent quality live-action table games with human croupiers who really bring the action to life.
Where can I buy TRX?
You can buy TRX with a credit card, debit card, or even through bank transfer from several cryptocurrency exchanges, and then send your money to a wallet or direct to your preferred TRX casino.
Some TRX casinos will let you buy TRX straight from them, but the fees are often more significant, so make sure you’re informed of all the charges before buying this way.
Each cryptocurrency exchange has its own set of advantages and disadvantages, so before you buy, do some research to see which exchanges are the best, or at least look into any you’ve heard of.
Make sure that any exchange you buy from allows you to withdraw the TRX you intend to buy, as some don’t allow withdrawals at all, which is useless if you want to use it for TRX gambling. Some only allow withdrawal to wallets rather than casinos themselves, so be aware of that too before you buy your TRX.
Best TRX wallets for gambling
If you can’t send your TRX tokens straight to a casino you’ll want to keep it in a wallet. Even if you can send straight to the TRX casino, keeping the rest off an exchange is a good move.
While many wallets support TRX, not all of them are trustworthy, so do your homework before sending your TRX tokens to a wallet whose developer may not have your best interests at heart.
Please make sure you’re familiar with the many sorts of wallets out there and their security/convenience tradeoffs to determine the best solution for your needs.
With its low fee structure and fast transaction speeds, TRX will make your betting more efficient and allow you to keep more of your gains. As with cryptocurrencies in general, betting with TRX will allow you to remain anonymous and also enable you to bypass restrictions if you live in a country that prohibits gambling with fiat.
Although the usage of TRX for gambling isn’t as widespread as with other cryptocurrencies, it is still a very popular coin for gambling, so the number of TRX casinos will only increase. Those who have experienced centralized TRX casinos should look into the gambling DApps on the Tron network for a new experience.