Ether Derby Review: Fun Ethereum Blockchain Horse Racing Game?
EtherDerby: The DApp Based on Horse Racing
Various gaming efforts have been created on Ethereum in the past few years. EtherDerby is an addition to this growing list of games on Ethereum. It is a relatively simple game, which focuses on digital horse race gambling.
It is another interesting use of the DApps, which are possible with Ethereum. By using games, it will help to get people excited about the underlying technology and all its possibilities.
The Concept Behind EtherDerby
Just like many other DApp games on Ethereum, this game has generated a lot of interest from the crypto community. It offers something new and unique to users from anywhere in the world. This game comprises of four horses that compete against each. The aim is for each horse to carry the most carrots.
Each race lasts for four hours, after which the stage is reset, and the game begins again.
How It Works
The gambling aspect of this game is quite easy to explain. The Ethereum users buy carrots for horses they expect to win each race. If they guess right, they will get the investment back and a portion of the ETH that they spent to buy the carrots for losing horses. If a user decided to buy carrots and keep them in a vault, they will qualify to get dividends from future race winnings.
Users of the game need to remember that the price of each carrot matters. As more carrots are added, the price per item will grow. Depending on how long it will take one Ethereum transaction to be confirmed, users might not receive their expected amount of carrots. There is very little the game creators can do about this. It all depends on how the Ethereum blockchain is behaving at the time.
Winnings from each race are distributed based on the number of carrots that players buy for each winning horse. As such, it is essential to make a smart investment. However, it is not advisable to purchase too many carrots for a specific horse. If the horse loses, players will not get their money back. All the winnings are paid to users’ EtherDerby vaults after a race is over. The winnings are distributed in proportion to the amount of carrots you purchased at the start of a race.
If the race ends before a transaction is complete, the transactions mean for past race will not be complete. ETH will be refunded to the sender, who can take part in a new game. Everything in this game is guided by smart contracts. On the game’s site, they provide a link to the smart contract. If you have technical expertise, you can inspect it yourself.
What The Future Holds
Considering EtherDerby is up and running it seems unlikely that any changes will be made in future. Adding more horses will make things more exciting, though it will depend on how the community will respond to the project.
The names of the horses will cause many chuckles. They have name such as FlyMeToTheMoon and OFficialMcAfee.