Bitcoinist.net · March 13, 2018 · 12:30 pm
March 13, 2018 – Bitplay Club has announced the launch of its 5-36 Provably Fair Bitcoin Lottery, a new product in its blockchain-based portfolio.
Bitplay Club’s new implementation of its 100% provably fair lottery now features a 5-36 number format. In major respects, the 5-36 format is similar to the earlier 6-45 version. The defining feature of both formats is that they depend on the blockchain protocol in determining the winning numbers. This provides assurance that the drawing results are indeed random and cannot be influenced by the lottery operator.
More specifically, the drawing results depend on the hashes of the recent blocks found on the blockchain. The hashes are used as input in a special formula that determines the winning numbers. The formula is publicly available and posted on the company’s website. Thus, the operator enables anyone to check the validity and fairness of the drawing results.
The 5-36 version operates with low ticket prices and fixed prize payments. The ticket price is 0.00005 BTC which is half the price of the earlier 6-45 version. The price levels are intended to invite participation generally, but they also encourage the use of gaming patterns and strategies from the more experienced users. The lottery website provides tools for this: one can select various options and