LazerBet
Date:
2021
My Roles:
Backend Development (Solidity)
LazerBet was created during a 2-day blockchain workshop at the University of Applied Sciences. The underlying smart contract was developed in Solidity and runs on the Ethereum blockchain.
Functionality
The principle of LazerBet is simple:- Users can place home or away bets on the LazerBet website.
- The betting data is stored on the blockchain which makes it immutable and publicly visible.
- The odds change accordingly to the betting ratio. (i.e. If more people bet on Team A, it's odd become worse)
- LazerBet keeps 5% of the pot.
- As soon as the match outcome is submitted by the smart contract owner, the pot is paid out.