Discussing Ethereum's hackathon in partnership with the Colorado State Lottery, Vitalik Buterin opined that in the future, such lotteries could benefit from Ethereum 2.0's Verifiable Delay Function.
The Ethereum creator will be one of the guests at the virtual opening ceremony for the Colorado State Lottery GameJam Hackathon.
"My understanding is that there isn't really an Ethereum tie-in to the lottery itself; rather, it's part of Jared Polis's administration's efforts to look at innovative approaches in funding public goods and modernizing government. I do think that potentially in the future applications like these could benefit from Ethereum 2.0's randomness though, when we add the VDF!". Chainlink believes that its Verifiable Randomness Function, or VRF, holds a lot of potential for the gaming industry as well.
"I think it's a coincidence! I don't think the State of Colorado is making decisions based on Ethereum dates yet...".
There is no state-by-state competition between Ethereum and Cardano.
Colorado's neighboring state of Wyoming is perhaps the most crypto friendly in the United States.
It has also seemingly been claimed by Ethereum competitor, Cardano, as they project's home turf.
Cardano's development company IOHK moved its legal headquarters from Hong Kong to Wyoming when the state passed its crypto-friendly legislation.
Ironically, founder of Cardano and co-founder of Ethereum, Charles Hoskinson lives in Boulder Colorado.
" There's certainly a very strong Ethereum presence in Colorado, but in general Colorado has smart people, they'll use the tech that makes sense for them, and I'm confident that Ethereum will prove valuable in lots of locations.
Vitalik Buterin: Future Lotteries Could Benefit From ETH 2.0's Randomness
Published on Jul 31, 2020
by Cointele | Published on Coinage
Mentioned in this article
Factom Inc. 'Faces Liquidation' After Investors Refuse Request for More Funding
Factom Inc. has entered financial difficulties after an appeal for additional funding fell on deaf ears, according to its main investor.
Factom's Two Employees Press On Despite Investor's Call to Liquidate
After years of being unable to close a Series B, enterprise blockchain company Factom, Inc. slashed its staff from 10 to just two.
'Immunity Passports,' Darknet Pharma, Miners Prep for Halving
You're reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they're significant.
Miners Trick Stablecoin Protocol PegNet, Turning $11 Into Almost $7M Hoard
Rogue miners submitted phony price data that tricked decentralized stablecoin network PegNet into turning a small wallet balance into a $6.7 million stash.