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Description
SX is on a straightforward mission to reduce betting costs by an astonishing 90%, cutting them down from 4.8% to just 0.5%. This shift equates to an impressive tenfold enhancement over the typical industry odds. To put it simply, if you place a $100 wager on an even chance, you could see a profit of $99, which translates to a 10% increase in payouts for bettors. Unlike conventional sportsbooks where users are limited to accepting bets set by the company, SX Network operates as a peer-to-peer betting exchange, giving all participants the freedom to both place and accept bets. This innovative approach fosters more competitive odds and eliminates the potential for site owners to take advantage of users for profit. SX Bet operates on a proprietary EVM-compatible blockchain, marking it as the first fully integrated betting application chain in existence. In essence, SX redefines sports betting as a financial market where participants can achieve wins rather than merely a casino environment focused on losses. Additionally, every time a user successfully wins a bet, they not only receive their earnings but also accumulate SX tokens, further incentivizing participation in the platform.
Description
Truebit serves as an enhancement to blockchain technology, allowing smart contracts to execute intricate computations in conventional programming languages while minimizing gas expenses. Although smart contracts excel at handling minor computations with accuracy, they face significant security vulnerabilities when tasked with larger computations. To address this issue, Truebit introduces a trustless oracle that retrofits existing systems, ensuring the accurate execution of complex tasks. Smart contracts can submit their computation requests to this oracle in the format of WebAssembly bytecode, and in return, anonymous miners earn rewards for providing correct solutions. The protocol of the oracle upholds accuracy through two distinct layers: a unanimous consensus layer that permits anyone to challenge incorrect answers and an on-chain system that motivates engagement and guarantees equitable compensation for participants. The realization of these elements is achieved through an innovative blend of off-chain infrastructure and on-chain smart contracts, thereby enhancing the overall functionality and security of blockchain networks. This dual approach not only improves computational reliability but also fosters a more robust ecosystem for decentralized applications.
API Access
Has API
API Access
Has API
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
SX Network
Website
www.sx.technology/
Vendor Details
Company Name
Truebit
Founded
2017
Website
truebit.io