The SmartContract Lottery
One of my personal projects where I explore the possibilities and limits of blockchain technology. This project focuses on creating a decentralized solution to crowd funding where all users have access to donation details.
Decentralized Lottery
One of the most important aspects of Blockchain technology is having the ability to verify exactly what goes on behind the scenes of a decentralized application. In this example we have the ability to verify that the selected winner is in-fact selected at random. Eliminating the problem the mcdonalds monopoly game had where winners of the game paid for winning tickets.
The Benefits of Blockchain
Decentralization
Blockchain apps or Dapps are free from the control and interference of a single authority, it’s very difficult for anyone individual or government to control or restrict access to the dapp
Reliability
Existing on a P2P network of computers, it does not rely on a single point of failure like a hosting server. This ensures no downtime or restrictions.
Power to the User
Dapps are open source allowing users to contribute to the exosystem. The lack of a central authority allows users to take ownership of their data to do with it as they wish.