Crypto lotteries determine odds from the underlying game design (for example, how many balls are drawn from how many numbers, or how many tickets are in the pool) and then rely on verifiable randomness to make the draw unbiased and auditable on-chain. Modern systems use verifiable random functions (VRFs), randomness beacons like drand, or commit–reveal schemes so that anyone can…
What a blockchain lottery is
A blockchain lottery runs its ticketing, draw logic, and payouts with smart contracts on a public ledger. The aim is to replace opaque back-office systems with code you can inspect, verifiable randomness for winner selection, and on-chain payouts you can audit in block explorers. Popular building blocks include verifiable randomness oracles (e.g., Chainlink VRF) and public…