Cryptocurrency Lottery is Emerging from the Shadows and Looking for Regulation

Online gambling has been a feature of the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ecosystem since its early days and 'casino' sites are usually among the first applications to pop up when a new cryptocurrency is launched. Until now however most providers of these services remained anonymous and unregulated, which raises both legality and security concerns.

True Flip is a new project trying to fix this by offering a cryptocurrency lottery in a more transparent way while openly seeking a license for the business. Two members of the team, Konstantin Katsev, CMO, and Vasily Polynov, Head of Communications, sat down to explain their firm's offering to Finance Magnates.

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The interview was broadcast live and a video recording is available here:

We discussed how to use the Bitcoin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term as a method of verifying the transparency of the process, what's most important when selecting an advisor for your ICO, and how True Flip is approaching regulators to create the legal framework for cryptocurrency gambling in various jurisdictions around the world.

Konstantin has over ten years of experience in marketing, web development and entrepreneurship, as well as two years of productive work with blockchain-related infrastructure. He is currently engaged in executing multiple functions at True Flip related to the promotion of the service.

Vasily has been working as a journalist at major Russian media outlets and as a PR manager at IT/fintech/ecommerce-related industries since 2006. Vasily fell in love with blockchain in 2014 and since then has gained significant knowledge on the topic. Mr. Polynov is responsible for True Flip’s communications with the media, investors and opinion leaders.