Bitcoin Lottery Overview

The Bitcoin Lottery is a provably fair and transparent lottery system built using the Bitcoin network. Instead of relying on centralized draws or oracles, the Bitcoin Lottery leverages the cryptographic unpredictability of future Bitcoin block hashes as a source of randomness.

All results are verifiable through the Bitcoin blockchain while the platform facilitates ticket registration, game logic, and payout distribution, offering players a seamless and transparent experience.

The first global bitcoin lottery is significantly more favorable to consumers:

Comp	BTC Lottery	Traditional Lottery	Description
Security & Trust	✅	❌	Results are tamper proof and independent. Traditional lotteries rely on centralised authorities
Transparency	✅	❌	All results, tickets and statistics are open and verifiable
Player Access	High	Med	Online ticketing for easy access
Low Entry Price	✅	❌	Affordable to all users with tickets as low a <$0.01. Users can bulk buy multiple tickets for all future blocks
Number of Lotteries	High	Low	A new lottery draw every time a Bitcoin block is mined (approx. every 10 minutes)
Ticket Customization	High	Med	Users can select the total number of tickets per block, the amount of blocks, the number of characters, their lucky hexadecimal characters and whether it is a jackpot or tiered payout tickets
Prize Pool Security	✅	❌	Funds held in the open and transparent bankroll liquidity pool, ensuring winners are always paid
Currency	Global	Domestic	Bitcoin is the first form of digital capital with rapidly growing saleability, making it the new preferred global reserve capital
Automation & Programmability	Auto	Manuel	Draws are determined by the Bitcoin blockchain allowing for automation based on the most secure global network
Settlement Time	Near-Instant	Slow	Tradition lottery payouts often take days to weeks