Blockchain innovations: Netbox.Lottery releaseAlthough still stuck in the 20th century, the lottery industry continues to grow at an alarming rate. The sector’s average growth rate is above 8%, and its growth rate is almost three times that of the world economy. That said, it is not shocking that the industry has had some fundamental problems since its inception. Although technological advances have managed to introduce solutions for some of them, there are still some deeply rooted significant challenges.
The Problems Of Traditional LotteriesPerhaps the biggest problem is that traditional lotteries are centralized. Because of this, there is essentially no oversight on what a lottery provider may or may not do. This lack of transparency leads to high levels of fraud and hidden costs that cause a great deal of trust issues among the lottery participants. In addition, players often have to deal with highly restrictive limits on withdrawals that can be burdensome to deal with.
Why Blockchain Can Help?Blockchain properties can achieve completely new transparency without adverse effects. Unlike the traditional lottery, where everything happens behind the scenes,
blockchain records all transactions and nothing can be changed by any part involved in the transaction, making it an ideal system to prevent manipulation.
In the end, blockchain has the ability to solve the most pressing problem of the traditional lottery — the possibility of fraud. Blockchain removes any geographic, regulatory or financial restrictions currently associated with lottery tickets. By going global, jackpots can be collected by audiences around the world, resulting in higher jackpots than traditional lotteries. In addition, by using cryptocurrency payments, users can skip the usually slow, unreliable and expensive hassles of banking transactions.
Another aspect that is more important than the flexibility provided by innovative technologies is anonymity, which has always been a problem for lottery winners. With the development of blockchain technology, privacy issues are a thing of the past.
Netbox.Global Provides A SolutionNetbox.Lottery is the first-of-its-kind blockchain-based lottery, dedicated to solving all the aforementioned traditional lottery problems using advanced technology and providing profitable incentives. As a technical infrastructure, the lottery uses
masternodes and a
PoS (proof-of-stake) system with its own Netbox blockchain for processing transactions. The lottery uses a unique calculated hash value depended on all the participants’ transactions that no one can manipulate.
Masternode owners and Staking holders receive passive income rewards by validating blocks on the Netbox blockchain ecosystem!
About Netbox Blockchain LotteryNetbox.Coins (NBX) are raffled in daily draws (at 9:00 GMT) and twice a month (1st and 15th days of month) in progressive
JACKPOT. The more tickets you have — the higher is chance of winning!
Netbox.Lottery is
provably fair as built on blockchain technology and is absolutely transparent — every winning ticket can be tracked.
Netbox.Coin ExchangesNetbox.Coin (NBX) is listed on major cryptocurrency exchanges.
You can find the list here:
https://coinmarketcap.com/currencies/netbox-coin/marketsYou are welcome to join the future with Netbox.Global!Link to
Netbox.Lottery:
https://lottery.netbox.globalDownload
Netbox.Browser and
be rewarded daily:
https://netbox.globalTelegram:
https://t.me/netboxglobalDiscord:
https://discord.gg/GCgZZPNTwitter:
https://twitter.com/netboxglobal
