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| March 23, 2019

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In Syria, It’s Game On

March 10, 2019 |

The waiting is over: US-backed forces in Syria are waging an assault to kick ISIS out of its last remaining “caliphate” land, CNN reports. The heavy barrage of mortar fire, explosions, and airstrikes by the Syrian Defense Forces erupted Sunday in Baghouz and officially targeted weapons stores. The forces had…
Newser

Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash

March 9, 2019 |

Nakamoto Game Brings a Blockchain Transparent Lottery to Bitcoin Cash

There’s a new bitcoin cash lottery that uses the BCH blockchain as an oracle to provide true provable fairness in the game. Participants toss BCH into a pot and if the last few digits of the user’s transaction ID matches the target block’s hash they win the jackpot.

Also read: UN Panel: North Korea Hacked $ 571M From Asian Crypto Exchanges

Nakamoto Game

Bitcoin cash supporters have been discussing a new type of lottery system that uses the BCH chain to operate in a transparent fashion. Nakamoto Game was announced on March 6 and allows anyone to participate without registration. Basically, a user chooses to send a bet for 0.01 BCH or to place multiple bets by using the scannable QR code. The last alphanumeric digit of the transaction ID (TxID) that the user generated by sending BCH is their lucky number. The system uses a block height every three days which requires 400 blocks to find out the winner of each round.

Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash
Nakamoto Game and previous jackpots.

So far there’s been a bunch of jackpots given away to random players and users can see the reward distribution on the website. The jackpots can vary in size and the current prize that will be rewarded in two days at block height 573,329 is approximately 1.92 BCH ($ 256). When the user’s lucky number (TxID) matches the last alphanumeric digits within the hash of block 573,329, the user wins that round. If no lucky number is found within the target block’s hash then the round rolls over into a new one. The creators of Nakamoto Game announced the lottery system on r/btc and the BCH community seems to like the idea.

“We’ve built the World’s first BCH-based lottery and it’s live,” explained the creators of the Nakamoto Game lottery. “No registration is needed and it’s 100% fair — When the jackpot finds a winner, it will payout instantly.”

Some Believe a Transparent Ledger Can Create Provably Fair Lotteries

After the block height is met and the lucky number is found, the winner takes 70 percent of the jackpot and 30 percent goes to the next round “in order to attract more users and build bigger jackpots.” The BCH lottery creators have detailed that the business takes 1 percent per transaction to fund the operation. Moreover, multiple winners can win the bounty of funds and all of the winners can be verified onchain. Yesterday 10 winners won over 2.6 BCH and the winning TxIDs were displayed on the site next to the “Current bets” tab.

“Congrats on the 33x jackpot,” Nakamoto Game tweeted. “We found 10 winners and the lucky number was “7” — The rule is that the winners take 70 percent of the pot, and 30 percent goes to the next round.”

Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash
Bitcoin enthusiasts believe a transparent blockchain can create provably fair gaming. Nakamoto Game claims to follow this path.

So far the rewards have been stacking up and the pot that was distributed before the 33X jackpot was around $ 450 worth of bitcoin cash. Games of chance, gambling, and lottery systems have been a favorite pastime in society for thousands of years. These days online lotteries and wagers are very popular but people are unsure whether the games are truly fair. Many believe that cryptocurrencies can make such games provably fair due to the transparency tied to the Bitcoin Cash distributed ledger.

What do you think about the lottery Nakamoto Game? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. Bitcoin.com does not endorse “Nakamoto Game” or any related companies or affiliates. Readers should do their own due diligence before taking any actions related to the mentioned companies, creators, associates, or any of its affiliates or services. Bitcoin.com and the author are not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. All choices are solely the responsibility of the reader.


Image credits: Shutterstock, Pixabay, and the Nakamoto Game website.


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The post Nakamoto Game Brings Transparent Blockchain Lottery to Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

Kraft Allegedly Went to Parlor Hours Before AFC Game

February 26, 2019 |

New England Patriots owner Robert Kraft has been hit with two counts of soliciting prostitution, NPR reports via the Palm Beach State Attorney’s Office. Prosecutors allege he visited a Florida massage parlor for sex acts on the morning of the AFC Championship Game, which he attended in Kansas City later…
Newser

Take a look behind the credit-score numbers game

February 17, 2019 |

Dear Liz: I recently got an email from my credit card issuer stating my credit score had just dropped 21 points. Having a good credit score and not aware of any recent adverse actions, my first reaction was alarm.

Checking with the issuer online, I saw only advertisements for “protect your credit”…


L.A. Times – Business

As Thai Elections Approach, a Princess and a ‘Game Changer’

February 8, 2019 |

A Thai political party on Friday named a princess as its nominee to be the next prime minister, upending a tradition of the palace eschewing politics and upsetting all predictions about what might happen in next month’s elections. The selection of Princess Ubolratana Mahidol by the Thai Raksa Chart Party…
Newser

Stock indexes slip as video game companies drop

February 7, 2019 |

A mixed bag of corporate earnings nudged U.S. stocks slightly lower Wednesday, snapping the market’s five-day winning streak.

Communications sector stocks, led by steep declines in video game companies, accounted for most of the market’s slide. Take-Two Interactive and Electronic Arts plunged after…


L.A. Times – Business

Low-Scoring Game Results in Lower Ratings

February 4, 2019 |

A lot of people watched the Super Bowl Sunday night—just not as many as usual, according to early numbers. Deadline reports that preliminary figures suggest the Patriots-Rams game might end up being the lowest-rated game in 10 years. The overnight rating was 44.9, which translates to the percentage…
Newser

Kid bowler, 10, rolls perfect 300 game: ‘I hope I do it again’

January 27, 2019 |

Using a pinkish, purple ball dubbed “The Idol,” a 10-year-old New Jersey boy became the youngest person in state history to bowl a perfect game.
FOX News

Indiana Pacers star Victor Oladipo suffers serious knee injury during game, leaves court on stretcher

January 24, 2019 |

Indiana Pacers star Victor Oladipo was carried out of Wednesday night’s game on a stretcher after he suffered a serious right knee injury in the second quarter against the Toronto Raptors.
FOX News

Saints Fans Sue, Want Do-Over of Controversial Game

January 23, 2019 |

The New Orleans Saints are probably still smarting over what has been called ” the worst no-call in NFL history “—and their fans definitely are. Two of those fans, season ticket holders Tommy Badeaux and Candis Lambert, have filed a lawsuit the AP calls “the legal equivalent of a Hail Mary…
Newser