BetterBetting - Provision of global liquidity pool Using Intelligent Contract Based on Ethereal Blockchain
Hello my friends all meet again with me on this blog, blogs that discuss about projects that are amazing, and how where are you guys today hopefully in a fine state yes. for this opportunity I will discuss about BetterBetting. For those of you who have been curious about the BetterBetting project just go to see below yaa .....!
Cryptocurrency is a form of payment similar to commonly used currencies like the United States Dollar or British Pound. However, unlike these currencies, cryptocurrencies are decentralized. There is no central government that prints more of them to inflation. In fact, cryptocurrencies have been formulated to gradually reduce production over time. Bitcoin, for example, will never have more than 21 million coins in deployment.
The Better Betting Foundation is committed to effective technical implementation to achieve its goal of providing a global liquidity pool. Along with the development of business needs, carried out technical investigation with the aim of finding the optimal technical solutions. Essentially, it is intended to provide a pool of global betting liquidity that can be used by target market makers and the weather. In principle, everyone can make betting deals based on actual sports events, which are traditionally called bets.
The smart bet contract will contain information about the parties that will supply the results of the selection. In the case of bets offered by this sports book is generally Bet Offer Creator (bet bet). Another solution is to direct a third party to a result (this can be a data feed) or point to a custom third-party node that is a knot node - it will be completed according to a set of rules based on all other similar settlements.
BETTERBETTING using an intelligent contract based on Ethereal Blockchain keeps an agreed bet contract and also holds shares and responsibilities in escrow. Upon completion, the contract will be notified and the bet bet is transferred to the Bet Offer author or the responsibility is transferred to Bettor. In case of encouragement or refund, the shares are returned to bettor and the liability is returned to the Bet Offerer.
Finebetting technology combines technology networks such as Blockchain and Peer-2-Peer technology, Escrow to create a tough sports betting platform.
With Betr, anyone can make betting deals based on real sporting events, this is more traditionally known as a bet. Each bet offer is grouped by market and event and listed in a searchable directory.
Each Bet Bet will be grouped by market and event and listed in a searchable directory. Bettors who want to place bets can then search in the directories and find the bets they want. The betting acceptance process then involves blocking Ethereal to maintain an agreed bet contract which also has shares and liabilities in escrow - the system will use self-issued token bets (BETR). When the event is over, the bets associated with the event can be completed. To settle the bet, the result of the selection should be determined.
One Application and Two Linked Systems
The Ethereum Network will be used for the management of bet contracts and BETR tokens and interfaces to other systems within it to provide UX to Offer Bet and Bettors by running the betting directory service as a distributed database. This system we call 'Better Betting Node' (BBN).
BBN is a downloadable app that is installed on a user's device and includes an ethereum wallet. This is similar to blockchain applications as far as operating without central servers and nodes communicating with each other to maintain the state of the database. BBN does not need to store data indefinitely, and that is one aspect that distinguishes it from standard blockchain networks where each node (or miner) stores a full copy of the transaction ledger.
The advantages of this platform are
Peer to Peer bet without center: this allows 2 users to make a special bet contract Access to a much larger bet: The bet is aggregated so that multiple parties can match a single bet. Proven fair and unbreakable Software and transaction proves to be fair and powerful. funding for placement bets using BETR (Betting coins) Instant access to victory
BETTER BETTING ICON AND TOKEN (BETTER)
Goodbetting token (BETR) will be released during the contribution period. Betterbetting will sell ERC-20 in accordance with the Ethereal-based BETR. The token sales goal is to provide discount participation for early adopters of a decentralized platform. To provide functional lending markets so far, early adopters are needed. By purchasing BETR, early adopters receive discounts for using a decentralized lending platform. ICO has been structured to provide the best opportunity for anyone who wants to participate from the start, providing maximum flexibility and control for the participants.
Goodbetting token (BETR) will be used to purchase products and services on the Betterbetting network. It will also be used to provide incentives for early adopters.
At least $ 2 million and $ 30 million will be raised through token publishing. This fund will be for
Better Protocol Bet Development and Publication
Development and Open Source Software Dapps and knots
Marketing for key stakeholders and consumers
Legal and administrative costs
Token Distribution
24% of tokens issued will be founders and teams.
7% of tokens issued will be given to advisors and gifts.
5% token is sold to early stage investors What are you waiting for?
schedule
650,000,000 tokens - The amount of BETR is limited and can not be increased in accordance with the ICO.
Design and furniture
October 30, 2017 - Getting started, PR, Corporate Technology.
General sales
December 15, 2017 - Begins General Sale
Betting API starts
March 2018 - The Initial Betting API defines the Token Encapsulate API. Bets can be placed with tokens
Authentication and identification
July 2018 - Introduction to the Preliminary Layer Authentication Introduction
Dapp book maker
September 2018 - The reference code for the Bookie app has been published
Directory V2
October 2018 - Real Decentralization Comes to Directory
Introduction and presales
22 November 2017 - Public announcement, live website, active marketing begins. Presales started on stage. Count down to General Sales.
Tokens can be traded
January 2018 - Final end to public sale if not soon to end Tokens can be traded within 2 weeks
Directory V1
May 2018 - First version of Better Betting Node released
Bet on Dapp
September 2018 - The reference code for Dapp bets is published.
Above all these systems need to know when the sporting event is scheduled and when the results. To do this, the same APIs available for sports books can be used to connect samples of BBN and data feed providers. This will facilitate the creation of automatic events, markets and selection and can also facilitate the results. One of the main features of this directory is to provide Event ID, Market and Selection so that event data can be paired with the betting creator system. The Event ID will include the Primary Feed Provider ID and may also include the Creator ID.
That was my first explanation of BetterBetting. And for more information you can directly visit the links I include below:
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