Ethereum network congestion forces online casino KingTiger to temporarily close
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ongestion in the Ethereum network has forced an online casino to temporarily shut down its operations.
In its webpage, KingTiger Casino announced: “We have had to temporarily close our casinos due to the Ethereum network congestion, making it impossible to run our games in their current format.”
Furthermore, the casino said it’s “actively researching solutions” and hopes to be back with “a new range of features and games” soon. Customers looking to access their digital wallet can still do so, while non-custodial wallets still remain under user control.
The crypto-centric casino belongs to parent company Funfair Technologies, which still allows users to create new wallet accounts. KingTiger was powered by Funfair’s own FUN token initiative.
Earlier this month, Ethereum activated the “London hard fork” upgrade, which involves a series of changes to the code underpinning the world’s second-biggest cryptocurrency.
These aim at solving some of the long-standing problems including scaling and unpredictable transaction fees, as well as the stress imposed on the network by the rise of nonfungible tokens.
Cryptogambling has seen a rise in the least years, in particular following the pandemic’s overall impulse to online gaming, with some of its most promising features being easy payment processing and anonymity.
On July, SoftSwiss and CoinsPaid shared insights into the growing market of cryptogambling, stating that the demand for crypto payment solutions has risen. At the end of March, SOFTSWISS Game Aggregator reported a crypto turnover increase of 26%.
“Since the beginning of the pandemic, the demand for crypto payment solutions has been rising, and we do not see this backing down now. Some obstacles still exist for crypto to be accepted everywhere, but we are already seeing a tremendous blobal change,” said CoinsPaid CEO Max Krupyshev.
