Using Bitcoin And Discreet Log Contracts To Facilitate Sports Betting
Discreet log contracts even the odds for peer-to-peer sports betting on Bitcoin. Bettors have a fairer chance when sportsbooks lose their advantage.Chris Stewart is the CEO and cofounder of Suredbits, a bitcoin-settled derivatives platform.Discreet log contracts (DLCs) are a way to do peer-to-peer betting directly on Bitcoin. You can make these contracts contingent on an oracle’s attestation about a real-world event. This real-world event could be the winner of a presidential election, the BTC/USD price on a cryptocurrency exchange or the outcome of a sporting event.A simple example is....
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Sports betting, one of America's favorite pastimes, might do more to popularize bitcoin among the general public in the short term than the improvements the cryptocurrency is bringing to the financial sector. According to one sports betting site review, a sports betting website that takes bets in bitcoin - Nitrogen Sports - is getting positive customer feedback. The Premier Bitcoin Betting Site. Sportsbook Review.com (SBR), an online review of sports betting sites, has posted a video tutorial about Nitrogen Sports, which it describes as the premier bitcoin betting website. The tutorial,....
Discussing Discreet Log Contracts, a type of smart contract that can be leveraged for many financial instruments on Bitcoin.
There has been a massive wave of interest in betting globally and a rise in active members wagering on sports. Sports betting matches the casual sports fan against professional bookmakers, who do not get everything their way, unlike in genuine sports. It is, however, challenging yet exhilarating at the same time. Thanks to the introduction of online betting, it is now completely mobile. So… Is it possible to make money by betting on sports? Yes, it can be supremely lucrative. However, your earning potential is determined by your bankroll, risk tolerance, strategy, discipline, and,....
Sports just got more exciting for a new reason – you can win money! Betting adds to the conviction of the purpose sports lovers have, when they view a game. A New Tune in the Sports Arena. For sponsors of sporting action, bitcoin betting promotion is natural. For the layman, both the events seem to be similar roses on one bush, birds on the same tree, singing the same song. Hmm… Do we see a link here to online betters? Betting on My Stand. Online players find bitcoin betting promotion comfortable. Everything becomes simple and the events are well covered. What matters is the money one....
As the whole world watches European football at its finest being played out during Euro 2020, many are looking to get even more involved in the sport. As a form of entertainment, sports betting has evolved in recent years to be more digitally accessible and engaging. Bitgame is a world-class sports betting platform that incorporates […]