The gambling industry has some clear cut advantages from using the Bitcoin SV (BSV) blockchain in it’s tech stack. At iGaming NEXT ONLINE: Adventure of Change, Bitcoin Association Founding President Jimmy Nguyen was joined by two men who could show those advantages in action: BitBoss co-founder and CEO Matt Dickson and Hold Gaming Founder and CEO Phillip Runyan.

For the iGaming NEXT audience who weren’t quite sure why Bitcoin SV is the best blockchain solution for enterprises, Nguyen offered up a concise explanation. “It solves a lot of the scaling problems that Bitcoin and blockchains have had for many years, which in my view has inhibited the use of Bitcoin and other blockchains in iGaming and all other industries,” he said. He went on to add:

“Unlike BTC, which has kept transaction capacity very small, leading to higher fees and congestion on the network, Bitcoin SV is comfortably doing 2,800 transactions a second, has an unbounded scaling roadmap to get to 50,000 transactions per second next year, and millions of transactions per second in the future, while keeping fees super low. The median transaction fee on Bitcoin SV now is less than 1 100th of a U.S. cent, and as we’ll talk about, that is a really key part of enabling the iGaming industry to use blockchain technology at greater scale.”

Dickson gave an overview of why BitBoss uses BSV as their exclusive blockchain solution. “Scaling was always a major issue for us, the volume of transactions that online platforms process in a single day is staggering, also the amount of transactions that happen in land-based casinos is equally as large.