Crypto Lottery Explained

Crypto Lottery FAQ – Simple Answers

FAQ Simple answers ? !

FAQ (Simple Answers)

What is a crypto lottery?

A crypto lottery is a lottery where crypto is used to buy tickets and pay prizes, and blockchain data can be used to determine winning numbers in a way that anyone can check publicly.

Which blockchain does the lottery use to choose winning numbers?

The lottery site clearly states which blockchain it will use (for example, the Bitcoin blockchain).

How often is a draw made in a Bitcoin-based crypto lottery?

Bitcoin creates a new block about every 10 minutes, so a draw can be made every 10 minutes (the duration for a new block to be created).

What is a block hash ID and why does it matter?

Every block has a unique hash ID. If a lottery chooses Bitcoin as the winning hash ID method, the site defines which digits are the winning combo (for example, the last 6 digits).

How are the winning numbers chosen by the blockchain?

The lottery provider states which blockchain they will use. That blockchain (for example Bitcoin) creates a new block every 10 minutes and the block is publicly available. The block has a hash ID, and the lottery identifies how many digits of that hash ID is the winning combination (for example the last 6 digits). Everyone can check the results publicly on any site.

Do users choose their own numbers?

Yes. The user buys a ticket from the site choosing their own numbers.

Where can I check the results?

When the draw is made, you can check results either on the lottery site or on any public blockchain site.

How do payouts work if you win?

If you win, the payout is automatic and sent directly to your wallet. No middleman, no hidden cuts — direct payouts to your wallet.