 |
August 22, 2014, 12:36:02 PM |
|
Two of the most interesting new altcoins come with a built-in casino. They allow users to make bets in the blockchain. The bets are automatically resolved in the blockchain by miners using open source software. Essentially they are distributed and de-centralized casinos. Here's a comparison of the two players.
Blockchain security:
Chancecoin: Piggybacks on the Bitcoin blockchain using the Counterparty model.
LottoShares: Forked from Litecoin and uses its own blockchain. It supports merge-mining with other scrypt coins.
Distribution:
Chancecoin: Proof of Burn : Investors burned 480 BTC in 240 transactions.
LottoShares: Distributed to a wide range of addresses in existing coins (20% to BTC, 20% to DOGE, 10% to PTS, 10% to AGS, 10% to MMC, 6.6% FBC, 10.9% SHC, 8% to Devs, 4.5% to various bloggers, exchanges, websites, btctalk users)
Comment: Chancecoin's distribution ensures a small initial number committed number of shareholders who have sacraficed BTC for their stake. LottoShare's distribution ensures a wider base of less-involved shareholders.
Games:
Chancecoin:
Dice Game (1% House Edge + 3 cents transaction fee)
Video Poker (1% House Edge + 3 cents transaction fee)
LottoShares:
Dice Game (0% House Edge, no transaction fee)
Lottery (15% House Edge, no transaction fee)
Maximum Win:
Chancecoin: 1% of bankroll
LottoShares: No maximum
Bet Resolution:
Chancecoin: ~ 5 seconds
LottoShares: ~ 20 seconds
|
