# Bitcoin Lottery Overview

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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:

<table><thead><tr><th width="173">Comp</th><th width="145" align="center">BTC Lottery</th><th width="145" align="center">Traditional Lottery</th><th>Description</th></tr></thead><tbody><tr><td>Security &#x26; Trust</td><td align="center"><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span></td><td align="center"><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span></td><td>Results are tamper proof and independent. Traditional lotteries rely on centralised authorities</td></tr><tr><td>Transparency</td><td align="center"><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span></td><td align="center"><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span></td><td>All results, tickets and statistics are open and verifiable</td></tr><tr><td>Player Access</td><td align="center"><mark style="color:green;"><strong>High</strong></mark></td><td align="center"><mark style="color:orange;"><strong>Med</strong></mark></td><td>Online ticketing for easy access</td></tr><tr><td>Low Entry Price</td><td align="center"><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span></td><td align="center"><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span></td><td>Affordable to all users with tickets as low a &#x3C;$0.01. Users can bulk buy multiple tickets for all future blocks</td></tr><tr><td>Number of Lotteries</td><td align="center"><mark style="color:green;"><strong>High</strong></mark></td><td align="center"><mark style="color:red;"><strong>Low</strong></mark></td><td>A new lottery draw every time a Bitcoin block is mined (approx. every 10 minutes)</td></tr><tr><td>Ticket Customization</td><td align="center"><mark style="color:green;"><strong>High</strong></mark></td><td align="center"><mark style="color:$danger;"><strong>Med</strong></mark></td><td>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</td></tr><tr><td>Prize Pool Security</td><td align="center"><span data-gb-custom-inline data-tag="emoji" data-code="2705">✅</span></td><td align="center"><span data-gb-custom-inline data-tag="emoji" data-code="274c">❌</span></td><td>Funds held in the open and transparent bankroll liquidity pool, ensuring winners are always paid</td></tr><tr><td>Currency</td><td align="center"><mark style="color:green;"><strong>Global</strong></mark></td><td align="center"><mark style="color:red;"><strong>Domestic</strong></mark></td><td>Bitcoin is the first form of digital capital with rapidly growing saleability, making it the new preferred global reserve capital</td></tr><tr><td>Automation &#x26; Programmability</td><td align="center"><mark style="color:green;"><strong>Auto</strong></mark></td><td align="center"><mark style="color:red;"><strong>Manuel</strong></mark></td><td>Draws are determined by the Bitcoin blockchain allowing for automation based on the most secure global network</td></tr><tr><td>Settlement Time</td><td align="center"><mark style="color:green;"><strong>Near-Instant</strong></mark></td><td align="center"><mark style="color:red;"><strong>Slow</strong></mark></td><td>Tradition lottery payouts often take days to weeks </td></tr></tbody></table>


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