Re:Peer-to-peer sports betting inside the Bitcoin blockchain
by stop_sending on Monday June 23, 2014 @08:30PM
(#7935593)
XBet.io uses Counterparty, a protocol build on top of Bitcoin, to match and settle all bets: XBet never holds your funds (only you do).
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Re:Peer-to-peer sports betting inside the Bitcoin blockchain
by kristianp on Tuesday June 24, 2014 @02:23AM
(#7936436)
Is XBet.io's commission programmed into Counterparty somehow?
Re:Peer-to-peer sports betting inside the Bitcoin blockchain
by PhantomPhreak on Tuesday June 24, 2014 @09:01AM
(#7937412)
Exactly. All bets are matched and all fees are handled by the Counterparty protocol. The only thing that XBet.io does is broadcast the results of the games (and provide a nice UI for making bets on those future broadcasts).