By utilizing blockchain technology, the Powerballs lottery offers worldwide participation, breaking down the barriers that traditional lotteries face. Participants can send their desired amount of cryptocurrency, such as ETH, to a smart contract address, which acts as the lottery ticket. Alternatively, they can mint an NFT for infinite participation and have rights to vote on the project direction. This worldwide participation creates larger jackpots and increases the excitement and engagement of the game.
Transparent and Fair Lottery Process
The Powerballs blockchain lottery offers a transparent and fair lottery process, thanks to the use of smart contracts. A random number generator function is coded into the smart contract, which determines the winner(s) of the lottery once all the tickets have been sold. Upon completion of the drawing, the smart contract automatically transfers the winning amount to the addresses of the winning ticket holders. All transactions and the results of the lottery are recorded on the Ethereum blockchain, providing complete transparency and traceability of the lottery process.