TRON Casinos

Crypto is increasingly popular in the e-commerce industry in general, and online gambling is not lagging behind whatsoever. With one of the fastest progressing trends and a massive global value, it is in fact a most fertile soil for the latest innovations and launches.

In this regard the cryptocurrency community has been one of the more active participants in this race for the latest invention. Since the birth of Bitcoin, the first-born digital currency, there have been many other tokens following in its footsteps more or less. Ethereum aimed to employ the best of Bitcoin, and still include some novelty with their smart contracts, and EOS is considered to be one other step ahead in the game.

Still, there is a new currency released in recent years that appears to be taking the crypto world by a storm – TRON.

What is TRON?

Essentially, TRON was devised as a decentralized global digital entertainment system, running on the blockchain technology that has become largely popular since the release of Bitcoin. The same principles apply here – the blockchain is a kind of a ledger platform where all information on transactions is stored.

It is decentralized due to the fact that any one participant on the network – computer – has it in their servers, and much safer, since it is practically impossible into all of them and change the transaction logs. These are connected blocks (hence the name) from first to last transaction, holding information such as the amount, sender data, time, as well as the unique hash.

TRON, specifically aims to be more than just a digital money transaction service – the purpose of its creator, Justin Sun, is to allow individuals globally to share content in a completely decentralized manner. In other words, the platform is intended to serve as a connection between providers and consumers, with Dapps – decentralized apps – uploaded on it for sharing. The entire process is extremely cost-efficient and secure, i.e. anonymous, and most importantly, almost instantaneous.

As a creation, TRON was first established in 2014, but its MainNet launch came a few years later, on May 31, 2018. Shortly afterwards, the platform acquired BitTorrent, one of the largest solutions for file, audio and video content sharing globally, in an attempt to develop an idea by Satoshi, the supposed creator of Bitcoin.

By the end of the same year TRON was still experiencing difficulties trying to break through the multitude of similar crypto tokens into the fore. However, it was precisely in December that the value of the TRON inherent cryptocurrency, Tronix (TRX) experienced an astonishing bull run. Its value practically shot up from $0.004 up to $0.05, more than tenfold, over the course of December 11 to December 21.

The same tendency was retained throughout the following period, with its record high value hitting 25 cents per Tronix early January. Still, the rapid soaring inevitably led to just as sharp a decrease soon enough, with the value stabilizing at 5, and then at 2 cents per TRX.

The market cap consequently experienced fluctuations, going up to $16.7 billion, and falling abruptly to $3.8 billion, before ultimately stabilizing at around $1.4 billion. Still, with over $1 billion market cap firmly holding its ground, the TRON system is still well on its track.

Most recently it has been included in the massive Bitcoin Superstore, a platform enabling individuals globally to purchase goods from almost any online retailer with select cryptocurrencies. Bitcoin, Litecoin and Ethereum are among the six options that have been available so far, with the seventh – TRX, introduced most recently.

TRON Online Casinos

The CEO and creator Justin Sun’s passion for games inclining towards a gambling fashion, as well as his inexhaustible entrepreneurial spirits, have caused TRON to dip its toes into online gambling. Since the first ever Dapp launched on the TRON blockchain being TRONbet, it became evident that online gambling would also be a potential market for the all-encompassing entertainment system.

TRON even has a functioning, and rather popular app, released in relation to the TRONbet – TRONdice. Since October 2018, it has paid out more than 3 billion TRX in winnings, or $60 million.

What is more, roughly 60% of the platform’s current apps are loosely or more closely connected to gambling principles, with about 20 being released on average each week.

TRON Online Casino Banking

Due to its integration into one of the most massive mediatory platforms for global online crypto purchases, and its inclination towards wager-like games, it wasn’t long before online casinos included TRX in their list of available banking options.

First up it is important to know that it is essentially the same procedure as with other crypto tokens. All you have to do is choose a wallet and acquire a certain amount of the cryptocurrency using another token, or alternatively, a fiat currency.

Next up you will want to choose a suitable e-wallet to store your cryptocoins. Bear in mind that the market is swarmed with options, and always consider the properties before committing to a certain product. One consideration is the platform compatibility, depending on your preference between desktop and mobile, or alternatively, community or TRON-created wallets, such as the Huobi Wallet, Trust or Atomic Wallet.

Then all you need to do is find a crypto casino that accepts payments in this currency, deposit your bankroll from the personal to the online casino e-wallet account and play.

Do All Online Casino Games Support Crypto?

While the crypto world and online casino world have excellent synergy, they’re not always in sync. Many casino software developers don’t trust crypto enough to work with it, which is why not all casino games are accessible through crypto. Thankfully, it’s not all bad news. Tons of high-end game development studios are crypto-friendly. With their casino software within reach, you should have no trouble finding fun games to play!

In the line-up of software providers that offer cryptocurrency support, you’ll find industry giants like Vivo Gaming, Mr Slotty, IGTech, BetSoft, iSoftBet, Endorphina, Yggdrasil, Wazdan, and many more! These companies have excellent titles on deck, including popular games like Guardians of Valhalla, Robin of Loxley, Mermaid Gold, and Riot.

Is TRON Online Gambling Legal?

The legality of cryptocurrencies like TRON is still a big mystery for most. The reason for this usually isn’t the crypto itself, but the region you want to use it in! Cryptocurrencies are still heatedly debated across the globe. It’s hard to come to a consensus on such a polarizing topic, which is why the regulations surrounding crypto and crypto gambling vary wildly from country to country! Since there are too many differences in crypto laws between different regions, it’s best to look at them on a country-to-country basis.

Powerhouses like the US don’t seem to have too many qualms with crypto. Crypto gambling isn’t prohibited in the country, but you might want to examine things a bit closer before you rush into things. The US consists of multiple states with varying laws and regulations. They might not be too different when crypto gambling is involved, but the subtle changes can be detrimental! To be on the safe side, you should check how things operate in the state you reside in.

The UK has a pretty big gambling market, and they’ve welcome cryptocurrency in this domain without too much pushback. Of course, the UK also has excellent online gambling regulations, and when crypto gambling comes into play, they get a bit stricter. To keep players safe, the licensing process requires a few extra steps for crypto-friendly venues. While they might not be too harsh, operators that fail to comply with them will be denied a license.

While the UK and the US are somewhere near the middle of the crypto-friendly spectrum, we think it’s a good idea to give you examples that go to the extremes! On the positive side, there’s El Salvador. The country is a crypto haven, showing support for cryptocurrencies from very early on! Recently, it even madeBitcoin legal tender! On the negative end, there’s South Korea. In South Korea, crypto and crypto gambling is banned. Despite these harsh regulations, some people in the area still visit crypto exchanges!

Advantages & Disadvantages of TRON Online Casino Banking

+ TRON is running on the latest technology, improving upon faults found in its predecesors;

+ Tronix can handle up to 2,000 transactions per minute, as opposed to 25 by ETH and 3 to 6 at best by Bitcoin;

+ TRON is much more scalable and affordable, particularly important for cutting online casino players’ costs on transactions processing;

+ Completely secure and anonymous, sharing no personal information with the online casino operator.

- There are still very few online casinos that accept deposits and withdrawals using TRX;

- Software developers are still catching up as well, and game availability for TRX players may seem a bit scarce compared to the rest;

- TRON is still recent in the online gambling marketplace, and the crypto community in general.