Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Freefactomizer
on 08/06/2017, 16:42:48 UTC
I'm glad to introduce the Snail Coin Toss

It's a 51/49 coin toss that you can play directly with a bot, it doesn't require your trust since a smart-contract is used.

Pair your device with the bot: AlC854WVi7kHvTn0z6k4i7/GihEYQUltB7vkLGw4+efH@byteball.org/bb#R and go to chat.




Bot asks you the amount you want to bet, your address and send you a payment request to a smart address like this:



There are four possibilities for spending the smart address.

1. if the random oracle generates a number < 49000 and if you properly made the payment, then it's you who can spend the smart-address.

2. if the random oracle generates a number >= 49000, then the bot can sweep the money back.

3. if you didn't pay to the address, then the bot can sweep the money back.

4. you can spend the smart-address if it was already spent, it's a security in case you make a payment to the smart-address after the bot has swept the address for any reason. It's not translated by GUI in an human-readable way yet, it will done in next versions.

The random oracle uses a BTC block with 2 confirmations to generate a random number, that's why you have to wait an undefined time before knowing the result.

For now, the bet amount is limited at 1MB. I will increase the limit later.

Have fun !