Search content
Sort by
Showing 5 of 5 results by MsPinkParrot
The lottery revisited in web3, and on our beloved Bitcoin
I have one important question, how is your decentralized lottery obtain Bitcoin price in decentralized way?
Hi ETFbitcoin,
That's a great question, and we are considering it.
It is important to understand that we are willing to be partially centralized during the development phase, as stated on the website.
However, here is the current process and its upcoming developments:
1- We are on the testnet, so for now, the price comes from Bitstamp, simply.
2- For the mainnet, we will try to average prices from different exchanges.
3- In the future, the ideal scenario would be to post a script on the Bitcoin blockchain to deploy what could be called an "oracle." This way, even if the price comes from an average of multiple prices from centralized or decentralized platforms, it will be obtained in a publicly verifiable manner.
Important note: The price itself is not of great importance; what matters is its reliability and the reproducibility of obtaining it. Everyone must play by the same rules, yes, but whether the price is from Binance or Bitstamp does not change the game.
The purpose of methods involving averages is to minimize the impact of exceptional and local events.
The lottery revisited in web3, and on our beloved Bitcoin
This concept. It is already in motion, and it's called: Purple-eyes.
I never heard about Unisat or Hiro wallets so I can't connect them with your website, and I am not sure if this project is based on bitcoin blockchain or not.After doing some research I found Unisat wallet that works only on chrome based browsers, and I don't feel comfortable using it, even if they say it's open source.
What is Hiro (comming soon) ?
Hi dkbit98, it is indeed a Bitcoin-based project.
The Unisat and Hiro wallets are wallets that manage ordinals. Unisat is user-friendly, which is why I chose to integrate it first. Hiro and other ordinal wallets will come later.
In the long run, I would like to allow the use of the web app with any Bitcoin wallet, as long as it supports Taproot. (Although I have an idea in mind to work around the issue and open the game to everyone)
I hope I have answered your questions. Smiley
The lottery revisited in web3, and on our beloved Bitcoin
Hi ETFbitcoin,
That's a great question, and we are considering it.
It is important to understand that we are willing to be partially centralized during the development phase, as stated on the website.
However, here is the current process and its upcoming developments:
1- We are on the testnet, so for now, the price comes from Bitstamp, simply.
2- For the mainnet, we will try to average prices from different exchanges.
3- In the future, the ideal scenario would be to post a script on the Bitcoin blockchain to deploy what could be called an "oracle." This way, even if the price comes from an average of multiple prices from centralized or decentralized platforms, it will be obtained in a publicly verifiable manner.
Important note: The price itself is not of great importance; what matters is its reliability and the reproducibility of obtaining it. Everyone must play by the same rules, yes, but whether the price is from Binance or Bitstamp does not change the game.
The purpose of methods involving averages is to minimize the impact of exceptional and local events.
That's a great question, and we are considering it.
It is important to understand that we are willing to be partially centralized during the development phase, as stated on the website.
However, here is the current process and its upcoming developments:
1- We are on the testnet, so for now, the price comes from Bitstamp, simply.
2- For the mainnet, we will try to average prices from different exchanges.
3- In the future, the ideal scenario would be to post a script on the Bitcoin blockchain to deploy what could be called an "oracle." This way, even if the price comes from an average of multiple prices from centralized or decentralized platforms, it will be obtained in a publicly verifiable manner.
Important note: The price itself is not of great importance; what matters is its reliability and the reproducibility of obtaining it. Everyone must play by the same rules, yes, but whether the price is from Binance or Bitstamp does not change the game.
The purpose of methods involving averages is to minimize the impact of exceptional and local events.
The lottery revisited in web3, and on our beloved Bitcoin
Hi dkbit98, it is indeed a Bitcoin-based project.
The Unisat and Hiro wallets are wallets that manage ordinals. Unisat is user-friendly, which is why I chose to integrate it first. Hiro and other ordinal wallets will come later.
In the long run, I would like to allow the use of the web app with any Bitcoin wallet, as long as it supports Taproot. (Although I have an idea in mind to work around the issue and open the game to everyone)
I hope I have answered your questions.
The Unisat and Hiro wallets are wallets that manage ordinals. Unisat is user-friendly, which is why I chose to integrate it first. Hiro and other ordinal wallets will come later.
In the long run, I would like to allow the use of the web app with any Bitcoin wallet, as long as it supports Taproot. (Although I have an idea in mind to work around the issue and open the game to everyone)
I hope I have answered your questions.
The lottery revisited in web3, and on our beloved Bitcoin
Hello everyone!
A few months ago, I asked myself a question: Why isn't the lottery a decentralized concept yet
Instead of opaque machines drawing "random" numbers, all we would need is to use the price of Bitcoin, inherently unpredictable by nature.
Our lottery tickets would then resemble randomly generated BTC prediction charts. That's a fact.
The drawing of the winning numbers would then take place at a pace of one number per day, over the course of an entire month, for example, perhaps ?
And what if... we could turn these tickets into NFTs using the new ordinal technology... We would even have the possibility to exchange our predictions during the game!
This concept. It is already in motion, and it's called: Purple-eyes.
Take part in an exciting competition to win the jackpot of the month.
Join us on our website Purple-eyes.com in testnet, check out our documentation on GitBook, Discord channel, Twitter. Get in on the action !
A few months ago, I asked myself a question: Why isn't the lottery a decentralized concept yet
Instead of opaque machines drawing "random" numbers, all we would need is to use the price of Bitcoin, inherently unpredictable by nature.
Our lottery tickets would then resemble randomly generated BTC prediction charts. That's a fact.
The drawing of the winning numbers would then take place at a pace of one number per day, over the course of an entire month, for example, perhaps ?
And what if... we could turn these tickets into NFTs using the new ordinal technology... We would even have the possibility to exchange our predictions during the game!
This concept. It is already in motion, and it's called: Purple-eyes.
Take part in an exciting competition to win the jackpot of the month.
Join us on our website Purple-eyes.com in testnet, check out our documentation on GitBook, Discord channel, Twitter. Get in on the action !