The post 1xBit Integrates Bitcoin Lightning Network As A Payment Method appeared first on Coinpedia Fintech News
1xBit, the crypto casino famous for supporting an impressive range of cryptocurrencies, now allows gamblers to make payments over the Bitcoin Lightning Network. With this move, 1xBit improves users’ quality of life, making crypto gambling accessible to a broader market.
By supporting the Lightning Network, Bitcoin holders can place bets using BTC without having to put up with the scalability issues of the Bitcoin blockchain. Ideally, the Bitcoin network has a throughput of 10 transactions per second (TPS). That means it can handle no more than 10 concurrent transactions in one second. But that’s only in theory. Actually, those numbers shrink down to something between three to seven transactions per second (TPS). Additionally, it takes the Bitcoin Blockchain 10 minutes to add new blocks to its chain.
To put this problem into perspective, since the blockchain can process
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