Minerals The developer has been hard work to develop the betting system, which we briefly touched upon in our previous Minerals article here. Some screenshots have been unveiled, and I have to say, it looks pretty impressive.
The way we understand it, as of this writing at least, there will be two different ways to use Minerals while betting on Esports. The first mode of betting will be integrated into the Minerals wallet, and offers a few options in its own right :
1) Bet on the next game – This mode is good if you are playing with friends and want to bet on a next game. This way you are betting on your own skill.
2) Bet on the following game – This mode is designed for mass betting that can happen on Twitch.tv. For example: some streamer plays ladder games and many people are watching him. Some of these people would like to bet if the streamer will win or lose his games.
But the problem is that we have to prevent betting on the game that is already being played (since we don’t want those who waged early lose to those who are waging later as they know more about this particular game).
But there’s no way of knowing (we haven’t discovered one yet) if the game has started. We only know if the game has ended. So the waging goes on the following game until current game has ended. This is not a big deal since it usually takes up to 1 minute for a streamer to requeue for the next game
The first model may be used for League of Legends, Dota 2, World of Warcraft Arena matches or any other popular game that provide stats that are accessible through some kind of API. This way, it can easily be determined who participated in the game, and what the outcome was.
We have included a screenshot below to show off how the Minerals wallet betting would work :
The second mode of Minerals betting will be designed for large tournaments, and will include a real-time betting option for maximum excitement. This model could work well for both Esports , as well as regular sports events.
We have included a screenshot below :
Very interesting developments in regards to Minerals over the past few days. I’m very excited for the future of this digital currency, and will gladly keep an eye out for any further announcements or projects.
Original announcement : https://bitcointalk.org/index.php?topic=641057.msg7553775#msg7553775
Minerals donations are welcome to : MRZjxpb6v8M87jwQ8XP2xUweUHMrKShSZd