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3232Decentralization and Transparency in Lotteries: Fire Lotto Launches Lottery Platform
https://www.digit.info/decentralization-and-transparency-in-lotteries-fire-lotto-launches-lottery-platform/
Wed, 10 Jan 2018 17:30:00 +0000https://www.digit.info/2018/01/10/decentralization-and-transparency-in-lotteries-fire-lotto-launches-lottery-platform/Read more]]>We are witnessing a healthy growth of decentralized blockchain-based lotteries and other fair games being launched, particularly on the Ethereum blockchain. The main idea is the same and that is to make lotteries popular, make its code open-source and render the whole system transparent along with respectable odds to win. The lottery industry is worth billions of dollars with popular names like Lotto in UK, Powerball in USA, etc keep coming to our minds but there are persistent problems with these lotteries as everything is kept under the wraps and unjust taxes have to be paid on every lottery win.
We are witnessing a healthy growth of decentralized blockchain-based lotteries and other fair games being launched, particularly on the Ethereum blockchain. The main idea is the same and that is to make lotteries popular, make its code open-source and render the whole system transparent along with respectable odds to win. The lottery industry is worth billions of dollars with popular names like Lotto in UK, Powerball in USA, etc keep coming to our minds but there are persistent problems with these lotteries as everything is kept under the wraps and unjust taxes have to be paid on every lottery win.