New Nakamoto Game for Bitcoin Cash Supporters Brings Authenticity to Crypto Lottery Games
The Bitcoin cash supporters are discussing the new type of lottery system that has been designed to use the BCH chain in facilitating a transparent operation.
It is the Nakamoto Game, which was announced back on 6th March, one that will allow any individual to participate without having to go through the registration process. What this means, as a user on the platform is, you will choose to send a bet of about 0.01 BCH, or you could opt for the option where you are able to place multiple bets with the use of the scan-able QR code.
The last alphanumeric digit that is in the transaction ID, the TxID, that you will have generated when sending the BCH is considered to be your lucky number. The system has been designed to use a block height after every three days, which will require to have about 400 blocks in order to find the winner for each given round.
At the moment the platform has been able to give out a number of jackpots to the random players on the platform, and users are able to see the reward distribution on their official website clearly. The jackpots have been designed to vary in size, and the next prize that is expected to be rewarded in the next two days that will be at a block height of about 573,329 will be about 1.92 BCH, which is about $256.
Some Individuals Believe With A Transparent Lottery It Could Bring Fair Lotteries
Once the block height has been met, and a lucky number is found the winner will take about 70% of the current jackpot while the 30% will be added to the next round.
All this is to ensure the platform is able to attract more users and be able to build a much bigger jackpot. The creators of the BCH lottery have also detailed that the business takes about 1% per the transaction to help in the funding of the operations.
The good thing is multiple winners are able to win the bounty funds, and all these winners can easily be verified on a chain.