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Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: Bigwin_NoLoss on May 24, 2021, 09:38:31 AM



Title: Views on the Blockchain Lottery Ecosystem :o
Post by: Bigwin_NoLoss on May 24, 2021, 09:38:31 AM
https://www.investingcube.com/why-blockchain-in-the-lottery-lottery-modernization/

Why Blockchain in the Lottery? 8)
Blockchain has become the way to go when it comes to dealing with payments and transactions. A blockchain-based network is virtually impenetrable, which is why people consider it ideal for performing online transactions.
Obviously, no one can claim virtual lottery prizes without showing a random public key that is attached to the lottery ticket that they own. :D

Blockchain-based lotteries have several benefits over traditional lotteries if used correctly and implemented properly.
First off, they can be easily accessed by lottery players and they do not need to travel to a lottery outlet or provide any personal information just to participate like http://app.bigwin.finance/

Blockchain requires a public key to play along with some form of identification which makes it much safer than any other form of payment method because no one can steal your identity or lottery ticket from you. ;) :)

All listed transactions can be verified using the platform’s public keys and by viewing their transaction history. You can also expect transparent transactions since winning numbers are published in real-time.
This means that even if you lose a bet, you can still verify whether any of the winners were playing with your preferred keys or not.
This element of transparency will not only give winners confidence in knowing that their winnings were fairly distributed, but it will also help prevent any sort of fraud from taking place during prize distribution in a blockchain-based lottery platform.

In addition to all these benefits, blockchain technology also allows users to purchase different types of tickets for the same game from all over the world without any problems whatsoever!
This means that regardless of where you are at the moment, you can still play a lottery game of your choice by simply launching the platform.


What do you guys think about it? Thinking about having fun myself on the platform! :-X :-X