Re: [ANN][CHA] Chancecoin, a coin for betting in a decentralized casino
satoshi dice = onblockchain
prime dice = offblockchain
prime dice = offblockchain
didn't know that.
now I understand why primedice is so successful.
Let's talk more in depth about where we can make Chancecoin transactions faster. When you place a bet, the first thing that happens is it goes into "pending" state, which means that you've sent the transaction successfully, but it hasn't been confirmed yet in the Bitcoin blockchain. It takes an average of 10 minutes for a transaction to be confirmed by the Bitcoin blockchain. It's possible for us to use an alternate Blockchain (such as Dogecoin or NXT) for betting transactions in order to speed up this part of the process. One possible drawback is that Chancecoin users would need to have Dogecoin or NXT funds available in order to take advantage of such a feature.
I think this will be a major improvement to chancecoin and a smart PR move.
we need chancecoin bets to be confirmed and resolved as fast as possible.
preferably in 1 min or below if chancecoin wants to compete with the leaders.
