Noob questions:
1) When someone wants to make a bet he have to deposit XCP first and then wait for some other dude to deposit to the opposite side?
So the bet can happen after both sides deposits the correct XCP amount?
2) How does the games results are seeded into the chain?
thanks
Hello pikuchato,
1) First off all, part of the beauty is that you do not "deposit" your coins to us. the coins are held in escrow by the network. you decide on an expiration for your bet. if someone will counter your bet by then, the pot winner will be decided by us.
Another important thing to note is that if you have placed a large wager, you can be partially matched with one address, and the rest of your bet will still be up for others to match, so you do not have to find a 100% match for your wager to count.
2) The results are broadcasted by us to the blockchain, using counterparty built in broadcast option. You can also view the results on the CounterSports application.