Externality-Labs Docs
  • What is Sortes?
    • Introduction to Sortes
    • The Centralisation Problem
    • People Owns Sortes
    • System Design
  • 🪙Tokenomic
    • Overview
    • Token Utility
      • Demand
      • Supply
    • EXP to Token Conversion
    • Token Allocation
    • Governance
  • ⚒️Sortes Product
    • Lottery as a Service
  • Public Good Fund
    • Donation
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  1. What is Sortes?

System Design

PreviousPeople Owns SortesNextOverview

Last updated 3 months ago

The architecture of Sortes is designed for robustness, fairness, and scalability:

  • Decentralized Lottery Engine: Using smart contracts and verifiable randomness functions (VRFs), the system ensures that prize draws are both random and tamper-proof.

  • Tokenized Participation: Users deposit Bitcoin (wrapped as wBTC) into a prize pool and receive corresponding certificates (Xbit tokens), which represent their stake and entitlement.

  • Multi-Layer Compatibility: Sortes is engineered to operate across various Layer-1 and Layer-2 networks, providing flexibility and scalability.

  • Open and Community-Driven: Governance is decentralized, allowing community members to vote on key parameters (like payout ratios) and future developments.

  • Secure and Transparent: The system incorporates best practices in blockchain security, ensuring that all transactions and outcomes are publicly verifiable.