Lotteries have for quite some time now become a popular form of entertainment and source of potential wealth for hundreds of people worldwide. And traditional state lotteries have been dominating this sphere for quite some time now.
But things to be taking a different direction considering the emergence of decentralized lotteries, powered by blockchain tech and crypto, has challenged the status quo. To be understanding the differences between these two, this blog post will help you compare and contract decentralized lotteries with state lotteries.
Transparency and Trust
Transparency and trust are among the key things worth considering when it comes to playing the lottery. After all, the last thing you want is to fall into a scam that could lead to loss of finances. With state lotteries, it is important to note that they are often run by government agencies and are subject to strict regulations.
This alone has the potential to instill a sense of trust in players, fully understanding that the lottery games are overseen by governmental authorities. Unfortunately, transparency tends to vary from one state to another. And in some instances, the government lotteries have to make do with corruption cases.
Worry not, though, since the answer lies in a blockchainlottery such as Lottury. Keep in mind decentralized lotteries are built on blockchain tech, offering a high level of transparency. Each and every aspect of the decentralized lottery, from the ticket sales to prize distribution, is recorded on a transparency public ledger.
The sheer level of transparency available helps build trust among players. After all, they always find it easy whenever they want to verify the fairness of the game independently. No wonder they’re definitely worth your attention.
Accessibility
Accessibility is another vital aspect worth considering when discussing the differences between state lotteries and decentralized lotteries. You probably already know that state lotteries are mostly limited to specific regions or countries. For this reason, players need to physically purchases tickets from authorized retailers. Taking this approach can prove to be inconvenient for anyone residing in a remote area.
That’s the last thing you should worry about when taking advantage of a blockchainlottery. And this doesn’t come as a surprise considering decentralized lotteries are easily accessible to just about anyone with an internet connection, regardless of their geographical location. That explains why the player base of decentralized lotteries has expanded immensely leading to larger prize pools.
Rounding Up
Uncovering the differences between state lotteries and decentralized lotteries goes a long way in making sure you settle on the idea one for your needs. As a rule of thumb, always factors in the pros and cons of both these two to better understand what works for you.
If you want to enjoy more accessibility and avoid instances of government corruption in lotteries, then you should consider turning to a decentralized lottery. And a good starting point lies in taking advantage of what Lottury brings to the lottery community at large.
