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How To Invest In Dogecoin: Tips for Beginners

Valerie - May 21, 2021

Best Ways To Earn Cryptocurrency Online

Chain Blog - February 9, 2021

Online Casino Lingo Every Gambler Should Know!

Chain Blog - February 7, 2021

Ethereum is undergoing a seismic shift. The smart contracts blockchain is upgrading its blockchain for scaling and efficiency reasons. Accordingly, developers and startups are in the race to becoming the top Ethereum Layer-2 scaling solution. Crypto gambling will benefit immensely from this upgrade. Many of the best crypto games rely on smart contracts. These games will have more efficient payment processing capabilities with Eth 2. Such efficiency is a plus for the industry as a whole. Online gambling casinos are also gaining popularity by the day. Classic games like Bitcoin crash have online versions that are catching on. This trend is the embodiment of digitization. It is only a matter of time before online casinos dominate the gambling industry. Bitcoin gambling games caught some tailwinds from Bitcoin’s rally. It will be fascinating to see whether Ethereum rising can have the same effect. The Eth 2 rollout is vital if that effect is to come true. Defining Layer-2 Layer-2 is a term that collectively refers to solutions that aim to scale the Ethereum blockchain. These solutions take transactions off the main Ethereum chain (Layer-1). They offer scalability because the main chain can handle fewer transactions. Transaction congestion makes speed lower and fees higher. This effect dampens user experience in dApps. Crypto gambling applications fit in this category. High gas prices are a problem for regular users. Layer-2 solutions aim to take off this burden. Blockchain games will make more sense with quicker transaction times. Additionally, lowering transaction fees ensures that micro-transactions are viable. Independent entities can run a scaling solution. Alternatively, a large group of people can control these solutions. This model would be similar to how the main chain functions. They differ in technology but offer from 50x to over 1000x more throughput than L1. This improvement is vast and represents relief from the main Ethereum chain. The Layer 2 solutions fall into the following categories: Rollups--including ZK rollups and Optimistic rollups. State channels. Plasma. Validium. Sidechains. Hybrid solutions Issues to Consider Ethereum Layer-2 scaling solutions need nuance. Many startups will claim to be trustless, secure, economical, and easy to use. Achieving this balance calls for due diligence. Accordingly, there have been promising solutions that fail to live up to the billing. Builders need to evaluate different scaling solutions before settling on the most suitable. Aspects like security, performance/ economic, and usability need consideration. This exercise is vital for Ethereum’s long-term success. Accordingly, the solution providers need nuance when talking up their solutions. Many teams are actively researching and building solutions. Some of these solutions compete directly, while others are complimentary. This dynamism is all in the spirit of innovation. The solutions present unique strengths, weaknesses, and tradeoffs. Ethereum only recently implemented its migration to Proof of Stake mining. The solutions offer shorter block times and faster finality within the sidechain. These solutions are already showing results. Having faster and cheaper transactions without compromising on security would be huge. Trials Already Underway In January, Ethereum transaction costs went past $15. This figure is absurd for the network if it hopes to become a true applications hub. Fortunately, many Layer 2 solutions are ready to go. Optimism announced that their Layer-2 scaling solution was going live. This firm ran the trial in liaison with decentralized exchange protocol, Synthetix, which has activated Layer-2 staking. Optimism has the Optimism Virtual Machine. If the name rings a bell, the firm intends it to work similarly to the Ethereum Virtual Machine (EVM). This solution is still in testing. The deployment of the OVM mainnet should be in a few months. Before then, trials can show problems that remain hidden. Optimism is just one of the leading Layer 2 solutions. These solutions provide valuable off-chain throughput and permissionless blockchain security. The following are select Layer 2 scaling solutions: Lightning network, which aims to provide rapid transactions to the Bitcoin blockchain and other major coins. It provides a layer 2 payment protocol on top of the existing blockchain. Accordingly, platforms can use it to enable fast transactions among participating nodes. It is gaining consensus as a Bitcoin scalability solution. The OMG network previously went by the name OmiseGo. It is a trustless off-chain scaling solution for the Ethereum network. It makes the base layer enterprise-ready by using Plasma side chains to scale up Ethereum transactions. The fact that it focuses on businesses elevates this protocol above most other solutions. The Matic Network is another famous Layer-2 solution. This project has a scope beyond Ethereum and aims to be blockchain agnostic in the future. It utilizes side chains for off-chain computation while ensuring asset security using the Plasma framework. This solution deploys a decentralized network of Proof-of-Stake (PoS) validators. These projects are at different stages of implementation. The bottom line is that they are all vying for a piece of the pie. Other major blockchains can also benefit from these solutions. Bitcoin community members look at the Lightning Network favorably. Already, BC.Game, for fast and cheap deposit and withdrawals of BTC, runs a Lightning Network node. Ethereum Needs Successful Layer 2 Solutions Ethereum intends to be the backbone of the decentralized applications world. This position can gain a vital foothold with Layer-2 solutions. Ethereum needs to have faster, cheaper transactions if it is to retain this position. Accordingly, Ethereum will be better at fitting scaling solutions. These implementations could be a watershed moment for a platform at the heart of a new decentralized economy. Scalability problems have cast a cloud on DeFi growth. Thousands of traders and developers remain on the sidelines because of ridiculous gas fees. With these solutions, they can truly find a hub in the Ethereum network.

What Is Ethereum Layer-2 Scaling Solution?

Chain Blog - February 7, 2021

Read Online Crypto Gambling Reviews Before 2021 Begins

Read Crypto Gambling Online Reviews Before 2021 Begins!

Joanne P - December 29, 2020 0

Before choosing anything in life, it is logical to want the best available option. The only way to know which option is preferable is...

List Of Best Casino Games in 2021

Joanne P - December 24, 2020 0

Online casino games are dynamic and captivating. There are countless opportunities to have fun and potentially cash in as well. Crypto gambling has added...

Crypto Casino trends To Watch Out in 2021

Joanne P - December 23, 2020 0

Crypto gambling has brought incredible dynamism to the gambling industry at large. The decentralization and payment efficiency of blockchain technology has been a revelation...

How to Play Bitcoin Crash Game

Joanne P - December 17, 2020 0

Bitcoin crash games were created not so long ago, by the premier casino site Bustabit. They’ve since become a pretty popular form of gambling,...

Bitcoin Dice Strategies That Will Get You Winning!

Joanne P - December 17, 2020 0

Whether you’re a high roller, or new to the online Bitcoin gambling scene, Bitcoin dice is an ideal way to win big via a...

Ultimate Guide to Plinko: How the Game Works

Valerie - November 12, 2020 0

Most gamblers are familiar with Plinko after following "The Price is Right," an entertaining television game show. The casino version of Plinko is based...

Rakeback at BC.Game: Guide

Joanne P - November 6, 2020 0

What is meant by Rakeback at BC Game? And how Rakeback works for crypto casinos? This question will be explained to you in this...

Crypto Trading Guide: Limit Order and Stop Loss

Joanne P - November 5, 2020 0

Modern-day crypto trading is nothing without Stop Loss and Limit Order features. Here is your chance to know these tools and learn their usage. Although...

Binance Exchange: Beginner’s Guide

Joanne P - November 3, 2020 0

Binance is safely growing and leading the cryptocurrency ecosystem. This might be the best time to check it out Every trader knows Binance Exchange —...

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Trending Now

Why is Low Ethereum Gas Fees a Relief for Online Gambling?

Chain Blog - June 24, 2021 0

Are you a traditional player shifting to exciting innovations like blockchain gaming, online gambling, and more? If that's the case, you might have, at...

CRO Token: Payments-Focused Currency Making Waves in Crypto World

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June 7, 2021

Five Ways Smartphones are Changing Online Gambling

June 1, 2021

Welcome! To the BC.Game blog. You read the name right, my dear Crypto Degens. This site and the treasure trove of information within has been carefully chosen and hand crafted by the industries finest. I’m not talking about those stick-up-the-butt, blockchain and iGaming “experts” that you find writing about the same boring stuff on every other site. What makes our content creators so much better than the rest? Aside from their witty dialogue, charming personalities and undeniable sex appeal…. They are not afraid to tell you the truth and are always seeking out cutting edge breakthroughs in provably fair casino technology to analyze and share with you. You will also find frequent updates regarding BC.Game, the best crypto casino with highest paying games and an abundance of no deposit bonuses that are always, truly no strings attached

Why is Low Ethereum Gas Fees a Relief for Online Gambling?

CRO Token: Payments-Focused Currency Making Waves in Crypto World

Binance Coin (BNB) for Crypto Gambling

What is Enjin and Enjin Coin (ENJ)?

Five Ways Smartphones are Changing Online Gambling

What Does The Future Hold For Web 3.0 & Cryptocurrencies?

What Does Provably Fair Casino Slot Games Mean?

Rising Crypto Market And Its Affect On The Crypto Gambling Industry

The Top 3 Ethereum Killers: Do They Stand a Chance?

The Fluctuation of Gas Fees And Problems for Ethereum

Guides

How To Invest In Dogecoin: Tips for Beginners

Best Ways To Earn Cryptocurrency Online

Online Casino Lingo Every Gambler Should Know!

What Is Ethereum Layer-2 Scaling Solution?

Read Crypto Gambling Online Reviews Before 2021 Begins!

List Of Best Casino Games in 2021

Crypto Casino trends To Watch Out in 2021

How to Play Bitcoin Crash Game

Bitcoin Dice Strategies That Will Get You Winning!

Ultimate Guide to Plinko: How the Game Works

Rakeback at BC.Game: Guide

Crypto Trading Guide: Limit Order and Stop Loss

Binance Exchange: Beginner’s Guide

Trending Now

Why is Low Ethereum Gas Fees a Relief for Online Gambling?

CRO Token: Payments-Focused Currency Making Waves in Crypto World

Binance Coin (BNB) for Crypto Gambling

What is Enjin and Enjin Coin (ENJ)?

Five Ways Smartphones are Changing Online Gambling

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