The Block Sports Exchange is a decentralized marketplace for users to bet against one another on the outcome of sporting events. Similar to the buy and sell mechanism of currency exchanges, users can bet for and against the outcome of an event. Utilizing the Neo blockchain, Block Sports enables secure cryptocurrency betting where escrow and processing are handled on-chain, giving users true control of their funds.
Block Sports is a decentralized sports betting exchange that approaches the concept of a blockchain-native sports betting platform with two key objectives — creating a decentralized and trusted framework for sports betting and providing a rich user experience through an off-chain service layer. Utilizing the Neo blockchain, a solution is proposed which integrates a decentralized oracle consensus network with a series of smart contracts, allowing users to place bets on sporting outcomes with NeoGas (GAS). The result is a platform that solves the issue of counterparty risk while still remaining competitive with traditional sports betting exchanges.
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Jul 24, 2018, 4:35:09 AM
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