Regardless of the type of game, the point is that more and more players seem to be choosing to use the Tron network over Ethereum and other altcoins that feed their gambling desires.
Contents [show]
How other altcoins accumulate
Although according to market capitalization, Ethereum is the second most valuable blockchain in the world, gamblers began to move away from it in late 2018 due to high transaction fees. That is why, for most of 2019, Ethereum lagged behind both Tron and EOS in terms of network transaction volume related to decentralized gaming-specific applications. The daily amount related to bets was $ 4 million on the Ethereum blockchain in the first quarter of last year.
Compare this to the EOS blockchain, which has been named the third-generation blockchain to improve the scalability and transaction speed that plagues other blockchains, all at a lower cost. EOS generated $ 15 million a day in gambling transactions, almost four times the amount processed by the Ethereum blockchain, but still well below the $ 102 million passed through the Tron network.
The technical reason for Tron is gaining steam
Tron is proud to be quick, but creating a top-level blockchain isn’t just about transaction speed and transaction fees. It is about making the construction of decentralized applications in a blockchain more profitable than on other blockchains. The Tron Foundation recognized an opportunity in the early stages of developing the Tron network.
The foundation has decided to make the transition of Ethereum developers to the Tron network really tempting. An accelerator program was launched for developers, accustomed to the nuances of Tron, and showed everyone how profitable it could be to build the network in the future. Many have opted for the switch, and now the most popular decentralized gaming applications on the Tron network are bringing in millions of dollars in transactions per day.
Increasing the volume of the transaction is of great importance to any non-profit foundation that supports the network, because in the eyes of retail investors, this perfectly justifies the literal value or use case of a blockchain.
More and more gamblers are using Tront because the games are safe, give players a fair chance of winning, and ultimately the network does a great job of serving the developers.
Will upgrading to Ethereum 2.0 be enough to get the number one spot?
The Ethereum network plans to complete an update sometime in July this year. The advantage of this is that the update introduces the concept of stake. Anyone with a significant amount of ETH chips can put the coins back into the grid to secure them in exchange for dividends. Individuals who choose to bet on coins will certainly need to weigh the risk against the reward when deciding whether or not to participate. In return for taking the risk associated with holding ETH chips and committing to the network, investors will receive dividends and returns that are paid out in ETH chips.
In this way, the update will definitely benefit the users. This means that the robust machining platform does not necessarily guarantee that developers currently working on the Tron network will decide to switch back and return the transaction volume related to their game ideas to Ethereum. If Ethereum wants to challenge Tron specifically because of the amount of gambling, the games need to be more rewarding for players, more such games need to exist, and ultimately more and more developers have to decide whether to return to Ethereum.
Whether or not these things really happen is yet to come. What is certain, however, is that as long as gambling serves as a viable use of decentralized technologies, the war between blockchain networks will continue to heat up, and that is ultimately good for gamers.