Questions tagged [crypto lottery]

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charlotte_wilson_coder charlotte_wilson_coder Wed Jul 03 2024 | 5 answers 1332

What is a crypto lottery?

Could you elaborate on the concept of a crypto lottery? As a novice in the cryptocurrency world, I'm intrigued by the prospect of combining traditional lottery mechanisms with blockchain technology. Is it simply a lottery where the tickets are purchased using cryptocurrency? Or does the blockchain itself play a more significant role, perhaps in ensuring transparency and fairness? I'm particularly interested in how such lotteries operate and if they present any unique advantages or challenges compared to traditional lotteries. Thank you for shedding some light on this intriguing topic.

What is a crypto lottery?

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