The new Bitwin24 blockchain lottery: Everything you need to know
After the successful fundraising campaigns of several lotteries like True Flip, Tombola and Fire Lotto, blockchain lotteries are still not a decisive market factor. Traditional forms of lotteries are vastly dominating the sector, with online lotteries trailing behind them. Despite the apparent advantages blockchain can introduce to the sector, such platforms have not yet managed to even scratch the surface - the technology remains vastly misunderstood due to its complexity and the fact that it does not align with the interests of some industry leaders. Blockchain fundamentally changes the way data transaction work and takes away the one-sided power through the elimination of informational asymmetries. This enables the technology to disrupt existing industries that operate centrally and are thus subjective to manipulation.