Trending now

CCY Revolutionizes Talent Acquisition with Tailored Executive…

Cochran, Cochran and Yale Shares Insights on…

MedFire Expo Expands Opportunities for Public Safety…

Medfire Simplifies Job Search for Medical, Fire,…

Cole Peacock Calls for Greater Accessibility, Awareness,…

CatKing Cattery Offers Exclusive British Shorthair and…

AARK Developers Launches Aark Terraces, a Landmark…

AgentikDEX: Where Agents Run the DEX and…

Elliot Ambalo Sheds Light on 2025’s Biggest…

CAM6 Pool Service Sets a New Standard…

Mrjung.net

  • Ethereum
    • Ethereum

      The Anatomy of Anonymity: How Dandelion Could Make…

      September 13, 2018

      Ethereum

      A Newly Launched Stablecoin You’ve Never Heard of…

      September 13, 2018

      Ethereum

      Bitstamp: An Overview of the Industry’s Oldest Active…

      September 13, 2018

      Ethereum

      Bitcoin Price Analysis: Strong Rally Tests Trend-Changing Behavior

      September 13, 2018

      Ethereum

      Bitcoin as a Privacycoin: This Tech is Making…

      September 13, 2018

  • Bitcoin
    • Bitcoin

      Abra CEO Believes Bitcoin ETF Eminent, SEC Just…

      September 13, 2018

      Bitcoin

      Mt. Gox Opens Rehabilitation Filing System to Corporate…

      September 13, 2018

      Bitcoin

      World Economic Forum and the Chinese Cryptocurrency Space

      September 13, 2018

      Bitcoin

      Federal Judge Applies Long Established Securities Law to…

      September 13, 2018

      Bitcoin

      Biking Across America, Crypto Cyclists Look to Raise…

      September 13, 2018

  • Markets
    • Markets

      OKEx Founder Released After Questioning in Connection With…

      September 13, 2018

      Markets

      Two-for-One: SEC Slaps Crypto Hedge Fund, Broker With…

      September 13, 2018

      Markets

      Ripple and R3 Reach Settlement in Year-Long Court…

      September 13, 2018

      Markets

      DevCon 4 Will Set the Stage for Ethereum’s…

      September 13, 2018

      Markets

      Stellar-Based Lightyear Acquires Chain, Forms New Entity

      September 13, 2018

  • Guides
    • Guides

      Bitcoin Magazine’s Week in Review: Lightning, Launches and…

      September 13, 2018

      Guides

      Equity Trust Builds New Frontier of Crypto-Based Retirement…

      September 13, 2018

      Guides

      Crypto, Blockchain Companies Shine in LinkedIn’s Top 50…

      September 13, 2018

      Guides

      Distributed Dialogues: Governance and Decentralized Platforms

      September 13, 2018

      Guides

      Battle of the Privacycoins: Why Dash Is Not…

      September 13, 2018

  • Analytic
    • Analytic

      Bitcoin crash: This man lost his savings when…

      September 13, 2018

      Analytic

      Bitcoin crash: This man lost his savings when…

      September 13, 2018

      Analytic

      Lightning Ramp and Casa Join Hands to Develop…

      September 13, 2018

      Analytic

      You Can Now Pay With Bitcoin Via Lightning…

      September 13, 2018

      Analytic

      Abra Supports SEPA Bank Transfers, Enabling Crypto Purchases…

      September 13, 2018

  • Exchange
    • Exchange

      IBM Introduces ‘World Wire’ Payment System on Stellar…

      September 13, 2018

      Exchange

      Lightning Is Made at the #LightningHackday Series in…

      September 13, 2018

      Exchange

      Pellentesque mattis ex eget malesuada consequat. Sed blandit…

      September 13, 2018

      Exchange

      Goldman Sachs Puts Plans for a Crypto Trading…

      September 13, 2018

      Exchange

      Pellentesque mattis ex eget malesuada consequat. Sed blandit…

      September 13, 2018

  • Contact
Mrjung.net
News

World’s First Fully Decentralized Blockchain Lottery Goes Live, Challenging Traditional Models of Trust in Gaming

by Binary News NetworkMay 22, 2025032

British Virgin Islands, 22nd May 2025, ZEX PR WIRE, A groundbreaking development in the intersection of blockchain technology and online gaming has emerged with the launch of SWSS Draw, a platform positioning itself as the world’s first fully decentralized blockchain-based lottery. Unlike traditional lottery systems governed by opaque mechanisms and centralized oversight, SWSS Draw operates entirely on smart contracts, removing human intervention from all stages of the process—from ticket sales to prize distribution.

With its infrastructure hosted on a public blockchain, every action within SWSS Draw is transparent and verifiable. Lottery entries, timelines, and outcomes are recorded immutably, allowing participants and observers to audit results in real time. Once a draw is created, it proceeds autonomously, and should a draw conclude without automatic resolution, any participant can independently initiate the outcome without requiring administrative access or backend control.

The creators of SWSS Draw describe the platform as a response to longstanding concerns around manipulation and lack of accountability in the lottery industry. By transferring operational control to self-executing smart contracts, the platform aims to replace trust in intermediaries with trust in code. The intent is not only to improve fairness and transparency but also to provide a model for how digital entertainment systems can operate without centralized control.

Part of SWSS Draw’s innovation lies in its approach to dynamic prize distribution. Rather than fixing rewards or requiring external recalibration based on participation levels, the platform adjusts outcomes algorithmically, ensuring proportional fairness regardless of how many tickets are sold. The system is also designed to recognize and reward user participation through automated, real-time incentives, using blockchain infrastructure to execute transactions instantly without the need for manual approvals.

According to the project’s founders, the long-term vision for SWSS Draw extends beyond entertainment. They believe the core technology could serve a broader range of applications, including transparent fundraising, verifiable promotional giveaways, and decentralized incentive schemes across industries. While still in its early stages, the platform has already sparked interest among crypto communities and digital rights advocates as a potential model for how trust can be programmed, rather than promised.

SWSS Draw is now publicly accessible and operational. Further technical details and a working demonstration of its processes can be found on the official platform website at swssdraw.io.

The Post World’s First Fully Decentralized Blockchain Lottery Goes Live, Challenging Traditional Models of Trust in Gaming first appeared on ZEX PR Wire



Information contained on this page is provided by an independent third-party content provider. Binary News Network and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]

Share0
previous post
Tradeview Markets Reaffirmed as “Best Multi-Asset Broker” at Forex Trader Summit Dubai 2025
next post
Downgrading Sage 50 Quantum can reduce costs, simplify processes, and ensure your accounting software matches your company’s current stage
Binary News Network

Related posts

Travel TVL: New Changes in the Tourism Industry Under Digital Transformation

Binary News NetworkFebruary 27, 2023

My Patriot Shield Keeps Clients Secure With Privacy Assured VPNs And Secure Backups Available At Affordable Pricing Plans

Binary News NetworkAugust 24, 2023

Caliber Restoration and Remodel Expands Services to Meet Growing Demand for Luxury Home Renovations in Spring, Tomball, and The Woodlands

Binary News NetworkApril 17, 2025

Recent Posts

  • CCY Revolutionizes Talent Acquisition with Tailored Executive Assessments for Private Practices
  • Cochran, Cochran and Yale Shares Insights on 2025 Emerging Leadership Trends in a Changing Global Market
  • MedFire Expo Expands Opportunities for Public Safety Professionals with CE Course Listings
  • Medfire Simplifies Job Search for Medical, Fire, and EMS Professionals in California
  • Cole Peacock Calls for Greater Accessibility, Awareness, and Investment in Utility Infrastructure Innovation Across Florida

Popular posts

StreamFab Unveils Technical Enhancements for Netflix in Latest...

Binary News NetworkJuly 30, 2024
July 30, 2024

Become Pioneers in the Ready Player One –...

Binary News NetworkJuly 31, 2022
July 31, 2022

VAP Group Set to Host Second Edition of...

Binary News NetworkDecember 6, 2024
December 6, 2024

OpenBB Announces OpenBB Copilot, the First AI-Powered Financial...

Binary News NetworkMarch 2, 2024
March 2, 2024

Land Swan Reviews Showcase Kevin Huang’s Strategic Thinking...

Binary News NetworkJanuary 24, 2024
January 24, 2024

Drug-Free Tennessee Kicks Off Action-Packed Summer

Binary News NetworkMay 30, 2025
May 30, 2025
@2022 - mrjung.net. Manage by Binary News Network
Mrjung.net
FacebookTwitterInstagramGoogleYoutube
  • Ethereum
  • Bitcoin
  • Markets
  • Guides
  • Analytic
  • Exchange
  • Contact