Over the past few years, the remarkable rise of cryptocurrency has benefitted numerous industries – with the lotto industry being the latest to be transformed by digital currencies. There is now a vast array of crypto lottery sites available to use, each offering a slightly different set of features and prizes.

In this guide, we review the best crypto lottery sites available in 2022, highlighting the services they offer before showing you how to enter a crypto lottery today – all in a matter of minutes.

What are new innovations in online lottery space?

A crypto lottery is a digitized version of conventional lotteries, and they are connected with most platforms for online betting, wagering, and bitcoin lottery games. The crypto lottery is a lottery game where participants gamble with cryptocurrencies and win large sums of money. The best crypto lottery sites and bitcoin lottery sites are now the most exciting method to earn money. The concept of the online crypto lottery is relatively new.

According to reports, the first Bitcoin lottery site came into the picture at the end of 2017. You can also check the several benefits of making money online using bitcoin lottery game varieties. Also, understanding the BTC lottery and its working is quite simple.

Why you should choose Coin Lottor ?

Coin Lottor leads the way when it comes to crypto Lottery and huge prizes. Coin Lottor has garnered attention from both the mainstream media and social media over the past few days due mainly to the platform’s unique take on crypto gaming.

Coin Lottor platform runs on Binance Tokens such as BNB & BUSD, Coin Lottor platform is entirely secure and designed with fairness and transparency in mind. the platform is launching on 1st December of 2022

The primary function of the coin lottor platform is to facilitate Weekly and Monthly crypto prize draws, which users can enter by purchasing a ticket through the coin lottor website and wait for the draw to win huge prize.

The reason that coin lottor is one of the best play to earn games is that the winner weekly or monthly draw is decided randomly. The pool prize is $1000,000 for winners is funded through ticket sales and and awarded to the winners This means that the more people who purchase tickets and enter the draws, the larger the Pool prize will become in future.

How to play

  • Create or login to coin lottor account
  • Click on buy button, Buy ticket with bnb or busd
  • Pick 5 numbers and wait for the draw

If you match 5/5 you will win $1000,000 in Busd
If you match 4/5 you will winn $100,000 in Busd
If you match 3/5 you will win $300 in Busd

The withdraw is automatic you will receive your winning amount instantly in your wallet

Another significant aspect of the Coin Lottor platform is that 100% of each pool prize will be distributed to winners. Coin Lottor users will be able to choose 5 numbers to enter the draw if you won the draw you will get paid directly in your given address.

What is bitcoin blockchain ? And how it works complete guide.

Bitcoin is the world’s first and most well known advanced money. It is decentralized and constrained by nobody. How can it function, and for what reason might you at any point trust it? All things considered, in the event that PCs can duplicate any record, for what reason might I at any point make duplicates of my bitcoins? Also, on the off chance that it isn’t constrained by any one focal party, what keeps me from making fashioning exchanges for bitcoins I don’t possess? So What is bitcoin blockchain. This article will make sense of in layman’s terms the way that Bitcoin works and give data on how the innovation backing Bitcoin can be utilized for business use cases past essentially a computerized cash.

Bitcoin works by tackling three record-saving difficulties without the requirement for a focal record manager like a bank:

  1. Proving ownership of bitcoins.
  2. Preventing tampering with records of past transaction.
  3. Providing an authoritative ledger of transactions that is trustworthy.

Challenge #1: Proving Ownership
The first challenge for Bitcoin is proving ownership. When the owner of a bitcoin publishes a transaction to the network, how do we know that it actually came from that bitcoin’s owner and not an imposter? The answer to this lies in computer encryption.

Public/Private Key Encryption
Bitcoin is based on a form of encryption called public/private key encryption. In this encryption, you generate two keys. Data encrypted with one key can be decrypted by the other and vice versa. One of these keys you make public and the other you keep a private secret.

This opens the door for sending secret messages. Let’s use the characters from Guardians of the Galaxy for a fun example. Suppose that Star-Lord, the hero, wants to send a secret message “Hello Groot” to his tree-shaped friend Groot and ensure the movie’s arch-villain Thanos can’t read it. Groot has created a pair of public/private keys. Star-Lord takes Groot’s public key and uses it to encrypt the message. The message while in transit looks like gibberish, but when Groot receives it, his private key is able to decrypt it.

what is bitcoin blockchain

Digital Signing

Using these keys in reverse can also be used to verify the authenticity of who created the data, and that is how Bitcoin employs it. Now suppose Groot wants to send Star-Lord the message “I am Groot.” There is no reason to encrypt it because we all know that’s the only thing Groot says, but Groot wants to prove to Star-Lord that the message indeed came from Groot, not some 3rd party imposter. Groot would encrypt the message with his own private key. When Star-Lord receives the message and decrypts it with Groot’s public key, he sees “I am Groot.” This message is not a secret, but the fact that Groot’s public key decrypted it is proof that it was generated using Groot’s private key. Thus it proves the authenticity of the message.

what is bitcoin blockchain

Signing Bitcoin Transactions

Bitcoin wallets are in fact public/private key pairs. When someone gives you his wallet ID, that ID is actually his public key. When you send coins to another wallet, the Bitcoin software uses your public key to authenticate that the transaction came from you, not an imposter.

If Groot wanted to send a bitcoin in his wallet to Star-Lord, he would generate a message declaring he’s transferring the bitcoin to Star-Lord’s wallet and use his private key to sign the message. So long as everyone agrees that the bitcoin being transferred indeed belonged to Groot’s public key wallet, the fact his public key can decipher this transaction proves Groot created this transaction. If Thanos instead forged a message claiming Groot sent him the bitcoin, everyone would know it was a fake since Groot’s public key would not be able to decipher any transactions written by Thanos.

what is bitcoin blochcain

Bitcoin is essentially just a ledger of entries saying who transferred how many bitcoins to whom, all digitally signed by their owners. This much is like a financial ledger on paper with handwritten signatures authorizing each entry. When you send someone bitcoins, your signed transaction is appended to this ledger.

Challenge #2: Tampering with the Ledger
The next challenge is how to prevent tampering with the ledger. For example, if I send bitcoins to a friend, then a month later regret it, what’s to prevent me from going back and deleting the transaction from the ledger or changing the amount I had sent? This is dealt with using something called hashing.

A hash is an algorithm for validating the integrity of data. Any message can generate a hash value, but small changes in the message result in radical changes in the hash value. For example, here are two messages and their hash values:

My name is Satoshi Mooter FE100DDA6D28B2280B34FC228ADAB42E

My name is Satoshi Mooter 1761420899A8F0B731A2EE56A6F71567

Suppose you are looking at an archive of a message I wrote My name is Satoshi nakamoto. If you know in advance that this message I wrote in the past had a hash value of FE100DDA6D28B2280B34FC228ADAB42E, you can then validate the message wasn’t tampered with by confirming it does indeed generate that hash. If someone tampered with this record changing it to My name is Satoshi nakamoto, then you would get the hash value 1761420899A8F0B731A2EE56A6F71567 and know someone had tampered with it.

The “Bitcoin Blockchain”
Bitcoin uses hashes to validate its ledger has not been tampered with. Periodically a collection of transactions are published together as one new record, called a block. Each block stores the hash of the block of transactions that preceded it. For example, take the transactions shown in this ledger of three blocks, each of which recorded three transactions labelled tx 1 through tx 9.

what is bitcoin blockchain

If I went back to delete transaction 3 from the first block, everyone would know that’s invalid because the hash in block 2 would prove block 1 was tampered with.

what is bitcoin blockchain

Fine, then I will also edit block 2 to have a hash that validates my forged block 1. This doesn’t work, either, because the hash value in block 2 that I just modified was an input to generate block 3’s validation hash, so now block 3’s hash reveals that block 2 has been tampered with.

In sum, modifying one piece of the ledger is impossible: tampering with one transaction would require modifying the hash value of every block of transactions that followed it, which means generating a whole new ledger. This is why it is called blockchain: it is as though all the blocks are tightly chained together and cannot be unlinked from each other.

Challenge #3: Which Ledger is the Correct One
Even though one particular blockchain ledger is tamper-proof, what’s to prevent me from creating alternative competing ledgers? How do we know which ledger is the trusted one?

For example, suppose our blockchain has two blocks. Then I publish three new transactions appended to the ledger, but at the same time, I additionally publish three alternate transactions also appended to the ledger. Now we have two competing blockchains.

Proof of Work
This is solved through a concept called proof of work. Computers convert the hash values I described in the previous section into a sequence of zeros and ones like this:


Suppose we imposed a constraint that a block cannot be added to the ledger unless the hash validating the previous block starts with a zero, then we would have a 1/2 chance of getting a hash that works.


Similarly, if we imposed a constraint that it must start with two zeros, then there would be a 1/4 chance. (We’d accept 00 but reject 01, 10, and 11.)


This grows exponentially. For example, if the constraint is that it must start with 32 zeros, then there would be approximately a 1 in 4 billion chance.


Bitcoin imposes such a constraint. Yet the hash of the previous block will always be constant. How do you get a hash that meets this constraint with a fixed input? By adding a random arbitrary value to every block. This is known as a “nonce” value.

This nonce is combined with the previous block when computing the hash. Before adding a block to the ledger, computers around the world churn through random values searching for a nonce value that, when combined with the previous block, results in a hash that starts with a certain number of zeros. Finding that nonce value is the “proof of work.” (Incidentally, when a computer finds a hash that can be published, it includes a wallet, and that wallet is awarded free bitcoins. That is how new bitcoins are generated.)

This is so computationally intense that we can predict on average how long it will take. In Bitcoin’s case, it is one block every 10 minutes on average. Computers get more powerful as time progresses, so Bitcoin increases the difficulty to keep pace with advancing computer speeds by requiring more zeros every time a certain number of blocks is published.

what is bitcoin blockchain

Longest Ledger is the Oldest

Since proof of work makes it impossible to publish new blocks faster than a certain rate, we know that any ledger that is longer than another is also older. It would be impossible for me to produce a blockchain ledger that is longer than the official one unless I had more computing power at my personal disposal than the whole rest of all bitcoin users combined.

In sum, when there are competing ledgers on the Internet, all Bitcoin users recognize the one with the most blocks as the oldest and therefore authentic ledger.

Beyond Bitcoin
So there you have an explanation of Bitcoin in three easy steps:

  • Digital signatures validate the ownership of bitcoins.
  • Hashes validate the integrity of transactions listed on the ledger.
  • Proof of work prevents the creation of rogue ledgers.

Hopefully, you can see that Bitcoin is simply a decentralized ledger that all users can trust. That ledger doesn’t have to just store currency. Other blockchains can and have been developed to allow multiple parties to share information without a central middleman broker. Some examples include:

  • Counterfeit prevention. A product can have a bar code stamped on it by the manufacturer, who also records it on a blockchain. Every time the physical good changes hands, the owner also records this transfer on the blockchain. So long as you can trace your product back to a creation record from a known trusted manufacturer, you can be confident you got the real product, not a forgery. This is especially helpful for counterfeit pharmaceuticals, which is a growing black market that endangers lives.
  • Logistics. Similar to counterfeit prevention, companies with complex supply chains of numerous competing suppliers can create a curated blockchain for tracking supplies. By curated, I mean some central company like Ford or Walmart controls who is allowed on the blockchain, limiting it to companies involved in their supply chain. This can be especially helpful for supply chains that have several layers of small parts suppliers feeding medium-sized parts suppliers feeding large-sized parts suppliers feeding the final manufacturer. A disruption at the small parts supplier could disrupt the final manufacturer, but with instant visibility to the whole supply chain, the manufacturer and suppliers can detect disruption at the earliest time possible and react to it sooner.
  • Mutual cooperation. An auto insurance claim often involves two or more insurance companies that need to cooperate and share data. RiskStream is a blockchain designed to allow insurance companies to share trusted information with each other so that when there is a claim, the insurers do not need to go through manual data exchanges. This could both improve the customer experience by resolving claims sooner and also reduce claims processing costs by automating this manual data exchange process.

Blockchain for Business Value

There has been much hype about blockchains in the past several years. Much of that hype has been overblown. A challenge with blockchain is the fact your business cannot control it. Many companies are looking for ways to rapidly transform themselves and create new innovations their competitors can’t match. A blockchain protocol, in contrast, cannot be changed unless all participants agree to the change. This stifles it as a tool for digital transformation.

Another challenge is who bears the investment cost. Why should my company develop a blockchain that allows everyone in my industry to cooperate better? I would bear all the costs while the benefits would be diffused among all my competitors. This limitation makes curated blockchains more promising, since then the company that bears the cost of creating it can control it to ensure they reap the maximum benefits from that investment.

Finally, data protection and right to be forgotten laws create a challenge to blockchains. The data in them is immutable. How do you delete data from a blockchain if legal regulation requires it? There are solutions to that, but that is beyond the scope of this article.

Yet despite these challenges, blockchain can provide business value. What all of these use cases, from Bitcoin to RiskStream, have in common is that they build a trusted information exchange between parties who may not know each other and may even compete with each other. The key to successfully leveraging blockchain for your business is finding use cases that fit that pattern. Then design a blockchain solution that ensures your organization reaps the value you need, that the parties you need to participate in it are willing, and that you have proper plans in place for making blockchain data compliant with current or future data privacy laws.

In a recent interview, Elon Musk yet again denied being Satoshi Nakamoto but claimed that he knows the true identity of the elusive Bitcoin founder.

In an interview last week, Elon Musk claimed he knows the true identity of Bitcoin founder Satoshi Nakamoto. The identity of the real inventor of Bitcoin remains a mystery almost a decade and a half after the whitepaper on the largest and most well-known cryptocurrency was published. Online rumors have persistently claimed that Elon Musk is the pseudonymous Satoshi Nakamoto, the creator of Bitcoin, but Musk has always denied those assertions.

As for the interview in question, Musk had made other startling assertions in the same podcast, including claims of putting humans on Mars before the end of this decade. Asked when SpaceX will land a human being on the Red Planet, Musk claimed that it would take about ten years in the worst-case scenario. Musk is known to shoot from the hip, but his latest claims are now attracting much attention from many quarters.

Elon Musk’s guess about the true identity of Satoshi Nakamoto came in an episode of the Lex Fridman Podcast. Answering Fridman’s question about whether Musk is the real Satoshi, the Tesla and SpaceX founder emphatically reiterated that he is not the mysterious Bitcoin creator. When pressed further about the ambiguity surrounding who founded Bitcoin, Musk took an extra-long pause before coming up with his theory on the identity of Nakamoto. According to him, computer scientist and cryptographer Nick Szabo is very likely the man who created Bitcoin as he wrote about many of the ideas related to cryptocurrencies much before the technology was born. For example, Szabo helped develop smart contracts and made an early form of cryptocurrency called Bit Gold before the invention of Bitcoin.

Szabo Denies Being Satoshi Nakamoto

Musk is not the first to speculate about Szabo being the elusive Bitcoin founder. There have been reams of newsprint and online articles devoted to establishing the Hungarian programmer as the creator of Bitcoin, including an article in the New York Times in 2017, which pointed at him being Satoshi Nakamoto. However, while many have speculated that Szabo could be the real Satoshi, the man himself has repeatedly denied those rumors. So it’s not immediately clear if he knows about Musk’s hypothesis and, if so, what he has to say about it.

The true identity of the Bitcoin inventor remains a mystery, and there are many claimants to that title. An Australian programmer called Craig Wright is one of them. However, many observers believe he is a conman who has nothing to do with creating the world’s most popular cryptocurrency. Wright, however, recently won a Bitcoin-related court case filed against him by the family of his former business associate, Dave Kleiman. In its verdict, the Florida jury seemingly agreed with Wright’s claims of being Satoshi Nakamoto while awarding $100 million in intellectual property rights to Kleiman’s estate.