Post
Topic
Board Announcements (Altcoins)
Re: KIBO - First Blockchain Lottery
by
KiboPlatform
on 05/10/2016, 05:06:10 UTC
How does KIBO randomly pick a winner of a lottery? Does it use a decentralised method to pick a winner, or a centralised method? Other coins have used the hash of a block to pick a winner for gambling games, but experts say that miners can rig a system using that method so they win.

In our whitepaper you can see only one option of random number generator, which we have published as a demonstration of a small part of the work that has been done. We have already read on blogs that our generator may be vulnerable. But, unfortunately, none of these experts explained what is the probability of the threat of such attack in numbers and are didn’t explained in detail how this can happen. In order that would make this it’s necessary to provide accurate estimates and have a full understanding of how block is generated. So far we didn’t receive such information from anyone. It’s important to understand that we repeatedly said that our code is in testing and auditing for security. Even if such vulnerability in the course of the audit is detected, we use a different solution, this isn’t a problem with no solution for us. We initially didn’t want to share not fully tested code, because we anticipated that there may be mistakes, which is perfectly normal for even the most professional teams, but we did it because of requests of users, which proved to be the wrong decision. Perhaps in the next 2 weeks we will finish this part of the work and publish the final version of the random number generation in the open access. We will do this only when we finish the work, to avoid further similar discus. We emphasize once more that we don’t have any reason to believe that the question we won’t be able to solve. We have already done a great job for launch of Kibo and this is certainly not an unsolvable problem for our team. There are a huge number of solutions to this issue and it won’t affect the concept of work and the benefits of Kibo, which platform offers to an end-user.