Cryptogram Betting: A Steemit Blockchain-Based Game
Cryptogram Betting is an exciting game that allows two Steemit users to wager Steem on their cryptogram-guessing skills. This innovative app leverages the power of the Steemit blockchain to create a fair and transparent betting experience.
How It Works
Player Registration: The two players enter their Steemit usernames and posting keys into the app.
Bet Placement: The players then specify the amount of Steem they wish to wager on the game.
Cryptogram Generation and Encryption: Each player generates a unique cryptogram and encrypts it using their Steemit posting key.
Cryptogram Broadcasting: The encrypted cryptograms are then broadcast to the Steemit blockchain.
- Winner Verification: After a one-minute wait, the app verifies the winner by checking the cryptograms against the players' posting keys.
- Steem Transfer: The winner is awarded the full bet amount, which is transferred from the loser's Steem account. Additionally, a 10% beneficiary fee is automatically paid to the Steemit user "jakedavis224".
The Bet Fee
When placing a bet, 10% of the bet amount is automatically paid to the Steemit user "jakedavis224" as a beneficiary. This fee helps support the development and maintenance of the Cryptogram Betting app, ensuring its continued operation and improvement.
Conclusion
The Cryptogram Betting app offers a unique and engaging way for Steemit users to compete and wager Steem. By leveraging the power of the Steemit blockchain, the app ensures a fair and transparent betting experience, with the added benefit of supporting the ongoing development of the platform.
To get started, simply visit the Cryptogram Betting app and start playing!