Blockchain Based Lottery Project

  • Need for decentralization
    • A centralized lottery system has a central authority.
    • The central authority has the overall access to collect the amount and draw the winner.
    • They can manipulate and can also be biased in picking winner.
    • Also, centralized lottery will have a single point of failure.

  • About the project
    • A decentralized lottery system disperses power.
    • No authority has any control over the amount, the smart contract’s address will hold the entire amount.
    • The Winner will be picked by the deployer of the contract called as the manager.
    • The Winner will be decided by the random function which is cryptographically hashed and is almost impossible to predict.

Read more about project on github.