WinWin
Change your destiny with every draw - play the fair and transparent lottery on our Dapp!
Created on 5th March 2023
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WinWin
Change your destiny with every draw - play the fair and transparent lottery on our Dapp!
The problem WinWin solves
When we talk about lottery app there is lots of myth most people don't trust the app because of the centralized database and no transparency. They all thought a winner is always a person from the lottery organization.
There are several drawbacks to a web2-based lottery application:
- Centralization: Web2-based lottery applications are centralized, meaning that they are controlled by a single entity or organization.
- Lack of transparency: The lack of transparency in web2-based lottery applications can create distrust among users.
- Limited accessibility: Web2-based lottery applications are limited to a specific platform, such as a website or mobile application. This can limit the number of participants who can access the lottery, reducing its reach.
- High fees: Web2-based lottery applications charge high transaction fees, which can discourage users from participating in the lottery.
- Limited customization: Web2-based lottery applications have limited customization options, which can make it difficult to create a unique and engaging user experience.
ALL things can be sorted using WEB 3.0 powers The main USP is Hashing with Keccak256.
keccak256 computes the Keccak-256 hash of the input.
Some use cases are:
Creating a deterministic unique ID from an input
Commit-Reveal scheme
Compact cryptographic signature (by signing the hash instead of a larger input).
Decentralization, Trust and transparency, Accessibility, Low fees: Web3-based lottery Dapps charge low transaction fees, as they do not require intermediaries or third-party services.
Overall, the benefits of web3-based lottery Dapps make them a promising option for creating fair, transparent, and accessible lottery systems. They offer a high level of security, trust, and transparency to users, while also providing a customizable and low-cost solution for developers.
Challenges we ran into
We started web3 in this hackathon very seriously build this. Exploring solidity and Ethereum for beginners is damn hard but not that much. the randomizer function is very challenging in this case we use Keccak256 hashing but there is a lot of factors which are associated with it.
Integration to smart contract with front-end.