Unilot

https://youtu.be/pFknkJfj9kM

What is Unilot? 

Unilot is a decentralized gaming platform that allows players to play and host online games such as poker tournaments, lotteries and many other games. Unilot will be available via mobile apps on OS and Android platforms and will work with Unilots as the primary currency 

Unilot uses a decentralized blockchain game to effectively overcome consumer distrust, with some basic fair play games. Do not use smart contacts to keep track of open, transparent, and independent fundraisers out of Unilot's reach.

Preface

This document is to bring awareness of how Unilot stands above the rest of the competition. It’s meant to show some technical background behind the differences. Included is a comparison of one of the main competitors to Unilot to further drive the idea behind this document

Decentralized Gambling Intro

What Unilot and other blockchain gambling solution, offer to shift how online gambling is done. From centralized server controlled by some company which runs some code / logic owned by the same company, to decentralized blockchain solution with code transparency.

Why

Because having 1 company handling (code, database, game logic, money ) creates an opportunity for theft, fraud and hacking. History proves many incidents where these centralized solutions, simply ran away with money from their customers, or having some developer or even owner of the company have “God” access to see other people’s cards. These loopholes exist and are too hard to resist for most.

Going decentralized 

solves a lot of these issues, it removes the power from some server running some code and distributes it among many nodes, these nodes execute the same code that is visible to everyone. Furthermore introduction of smart contracts, allows for Escrow style setups, where the actual balance of the pot/game is held by this decentralized network with specific instructions to release the payment upon confirmation to the winner(s).

Type of Online Gambling Solutions

There are few types of solutions, this document is not exhaustive but will give you an idea of what’s out there and how Unilot differs

Solutions

• Type 1 Decentralized blockchain Bankroll Dependent
• Type 2 Decentralized Blockchain Gaming Development solution
• Type 3 Decentralized peer to peer and Blockchain

For more information, visit the website below.

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whitepaper

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Youtube

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