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Showing posts from July, 2017

Decentralizing Lottery through 'TrueFlip' with Blockchain Technology

Most of the countries in the world have local lottery that is running nationwide with the government's supervision to make fortune to its winner and also an annual income to a certain percentage that the lottery is taking to every people that is betting in every single ticket. Can you imagine a lottery that is running worldwide with a decentralize technology in an open source code, transparent prize fund and no government jurisdiction that is taking part with the winning prize. True Flip ICO(Initial Coin Offering) started on June 28, 2017 and will end on July 28, 2017 exactly 1 month span of selling their 21 million coins just like the Bitcoin's maximum amount of coins and after the ICO ends the coins that remains unsold will be burned and share of all token holders will be proportionally increased. As True Flip mission that Lottery is only interesting if there is a big jackpot so they used the Blockchain technology just like what Bitcoin did in able to attract t