How will the Lightening Network affect online gambling?

elonmusk

Member
It might feel like bitcoin development moves as a snails pace compared to other cryptos like Ethereum and Dash but behind the scenes there is a huge amount of development taking place. The project that is attracting the most attention is the lightning network that promises to increase the current protocols 7 transactions a second limit to many thousand a second. It will also slash the cost of each transaction from a few cents to a tiny fraction of a cent. Companies like Blockstream, Blockchain.info and BitFury are each developing their own versions of the lightning network.

What hasn't been discussed is how the Lightning Network will affect the gambling industry. Will it change how we gamble at a bitcoin casinos, play online poker or place sports bets? What are your thoughts?
 

neet

Member
I'm super excited about Lightening Network because I think instant deposits will increase the appeal of bitcoin amongst gamblers. Even if you use a bitcoin wallet with a dynamic fee calculator, quiet often your transaction does not get included in the next couple of blocks. An online gambler with an itch to play slots or blackjack does not want to wait 40 minutes. I'm sure it must be a major headache for customer support at these sites also. They must get inundated by newbies asking "Where is my bitcoin?".
 
Top