Re: 🍀[ANN] Belotto - The new decentralized standard for lotteries! 🍀
I assume everything would be made through smart contracts, so when someone wins they'll instantly receive their winnings, right?
A Smart Contract will be responsible for finding if there are winners to the drawing and if there are, proceed to confirm with the Escrow agent and transfer all the existing funds in the Jackpot to the user's wallet. If there are no winners the whole process is repeated over and the jackpot value is kept, continuously increasing until there is a winner.
More details can be found in section three of the whitepaper, starting on page 17
Whitepaper