Take Crypto Gambling to a New Level With Polygon on 1xBit

For crypto gambling enthusiasts, the primary challenges have often been slow transaction speeds and high network fees, especially when using popular cryptocurrencies like Bitcoin and Ethereum. Online casino and betting platform 1xBit is addressing this by integrating the Polygon network, making its native token, $MATIC, available for players.

What are the Benefits of Gambling with Polygon (MATIC)?

Using $MATIC for online deposits and withdrawals provides a significantly improved user experience compared to older blockchains.

• Lightning-Fast Transactions: Polygon’s network can process up to 65,000 transactions per second, with new blocks confirmed in under two seconds. This means your deposits will appear in your account almost instantly, allowing you to start playing without delay.
  
  
• Extremely Low Fees: By processing transactions on its own Proof-of-Stake (PoS) chain before finalizing them on Ethereum, Polygon avoids the network congestion that leads to high gas fees. This makes it highly cost-effective for both small and large transactions.
  
  
• Proven Scalability: With over 19,000 decentralized applications (dApps) and handling over 3 million transactions daily, the Polygon network is a robust and reliable ecosystem built to handle massive scale.

Understanding the Polygon Network

Originally launched as the MATIC network in 2017 and rebranded to Polygon in 2021, the platform was created by co-founders like Sandeep Nailwal and Jayanti Kanani to solve Ethereum’s biggest limitations.

It acts as a Layer-2 scaling solution, or an “Internet of Blockchains,” for Ethereum.¹ Polygon enhances Ethereum by offering:

1. A Proof-of-Stake (PoS) Consensus Algorithm: This is far more efficient and less energy-intensive than the Proof-of-Work model used by Bitcoin.
2. Interoperability: It allows Ethereum-compatible blockchains to communicate with each other, creating a more interconnected Web3 ecosystem.
3. EVM Compatibility: Polygon is fully compatible with the Ethereum Virtual Machine (EVM), making it easy for developers to migrate their dApps and for users to interact with a familiar infrastructure.
   
   

The native currency of the network is $MATIC, which has a maximum supply of 10 billion tokens.

How to Gamble with Polygon (MATIC) on 1xBit

1xBit is a leading anonymous crypto casino that has integrated Polygon to offer its players the benefits of fast and cheap transactions.

Key Features of 1xBit:

1. Generous Welcome Bonus: New players are eligible for a welcome package of up to 7 BTC for their first four deposits.
2. Complete Anonymity: Protect your privacy by signing up with only a valid email address. No personal identification is required.
3. Instant, Fee-Free Withdrawals: Cash out your winnings instantly without any platform charges.
4. Multi-Currency Support: In addition to Polygon ($MATIC), 1xBit supports over 40 other popular cryptocurrencies, including Bitcoin, Ethereum, and USDT.
   
   

By combining Polygon’s superior technology with 1xBit’s user-friendly platform, players can experience a faster, cheaper, and more efficient way to enjoy online gambling.