Description| http://chancecoin.com/static/images/logo.png | Chancecoin (CHA) is a protocol, coin, and client used to bet on dice rolls and other games in a decentralized casino. Owners of the coin may gamble, with randomness provided by published NY Lottery Quick Draw numbers. Owners of the coin are automatically invested in the house bankroll. The protocol is built on top of the Bitcoin blockchain. Coins were created by burning Bitcoins during a proof of burn period.
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Burn informationMaximum coins burned: 1,000,000
Burn period: Bitcoin blocks 291860 to 298340
Coins burned in first block: 1,500 CHA per 1 BTC
Coins burned in last block: 1,000 CHA per 1 BTC (coins per block scaled linearly in between these blocks)
BTC burn address:
THE BURN PERIOD IS OVERMaximum coins burned per address: unlimited
Casino informationHouse edge: 1.0%
Maximum win: 1.0% of bankroll
Wallet softwareOS X binaryWindows binaryInstall from source on GitHubInstallation instructionsSee
http://chancecoin.com/participateResourcesHome pageDownload Chancecoin software -- including decentralized casino, decentralized exchange, and walletTechnical detailsSubredditHow do I buy CHA?Download the Chancecoin software and place an order using the decentralized exchange. Or buy CHA on the official centralized exchange,
Poloniex.
How do I gamble?You can gamble using the decentralized casino in the Chancecoin software. Open Chancecoin and click on "Casino." Choose the amount of CHA you want to bet, and the desired payout or odds of winning (one will determine the other). Then click "Roll."
How do I bankroll the house?By owning CHA, you are automatically bankrolling the house. On average, you can expect to earn the house edge of 1.0% per bet.
DonationsDonations to 1CHANCeWHSRAfvfi4rwo8v6NEY64RfZYqB are welcome.
DevelopersMagician and
Venetian I've read in the technical section of Chancecoin's site how payouts are handled. But I would appreciate a more in-depth technical explanation of the following topics. How is Chancecoin at all protected from an individual altering their client to award themselves extra Chancecoin? What is the method of consensus between peers to determine the proper random numbers to use? When a gambler loses how is the CHA verifiably destroyed, and when a gambler wins where does the b*(p*(1-e)-1)*c/(c-b*p*(1-e)) CHA come from? Has anyone read through and verified that the source code was secure? No where in this thread have I seen proper replies to these questions.
